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Stoo
11-01-2005, 09:51 AM
I suppose a few of you will have this same dilemma today. I have a few thousand dollars in CSBs maturing today, as I often due on November 1st. So, do I reinvest, or blow them on SPs. I figure I can count on you guys for sensible financial planning advice... ;)
red
11-01-2005, 09:55 AM
spend it all -----------------there is a meteor coming you fool
Stoo
11-01-2005, 09:58 AM
spend it all -----------------there is a meteor coming you fool
Now this is exactly the type of good advice I knew I could get here. Thanks Red...

(Makes note to fire financial planner, who suggested reinvesting...)
red
11-01-2005, 10:01 AM
of course most of us won't see the meteor because we will have died from:


avian flu
legionaires
sars
fallout from the nuke war between the US and China
not enough flossing
inertia
hambone
11-01-2005, 10:03 AM
...or in Stoo's case..........fatigue
langeweile
11-01-2005, 10:03 AM
of course most of us won't see the meteor because we will have died from:


avian flu
legionaires
sars
fallout from the nuke war between the US and China
not enough flossing
inertia

you forgot to add "Unprotected sex"
Stoo
11-01-2005, 11:05 AM
...or in Stoo's case..........fatigue
What? :o
shakenbake
11-01-2005, 11:45 AM
I suppose a few of you will have this same dilemma today. I have a few thousand dollars in CSBs maturing today, as I often due on November 1st. So, do I reinvest, or blow them on SPs. I figure I can count on you guys for sensible financial planning advice... ;)

Invest them into something that will give you a better rate of return!
red
11-01-2005, 12:02 PM
Reinvest, but NOT in CSB. They are a savings certificate, nothing more. Not really an investment vehicle.

If you want the $ to grow, put it in mutual funds.

If you just want to keep the money tucked away, CSB or T-Bills (no growth)

If you want to really make the $$ grow, and like risk, the stock market directly.

I would not blow it on SP's.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzhuhzzzzzzzzzzzz zzzzzzlookoutforthatmeteorzzzzzzzzzzzzzzzzzzzzzzzz zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz zzzzzzzzzzzzzzzzzzzzzzzzzzz
Stoo
11-01-2005, 12:40 PM
Reinvest, but NOT in CSB. They are a savings certificate, nothing more. Not really an investment vehicle.


These were bought on the old payroll deduction plan. The RSP is all maxed out and earning well. I am surprised at you Winston. I thought I could rely on you to steer me in the right direction! ;)

Maybe I need an investment that pays me a monthy dividend which I can blow on Sps....
wrong hole
11-01-2005, 12:58 PM
I suppose a few of you will have this same dilemma today. I have a few thousand dollars in CSBs maturing today, as I often due on November 1st. So, do I reinvest, or blow them on SPs. I figure I can count on you guys for sensible financial planning advice... ;)


buy 3 frisbees....throw one at a long hair hippy

throw another one at the coke up girl who gives head in the men's washroom at the keg on york and adelaide every frickin friday around 6:30 pm

throw the last one as far and high as you can at a busy place...when it comes back down and hits someone in the head...steal his/her wallet and break their hip so they can't chase you
Stoo
11-01-2005, 03:40 PM
It seems the majority suggest that the SP route is the way to go. Although the poll is closer than I thought it would be...
DateMasamune
11-01-2005, 10:26 PM
Support our troops for the glory of the British Empire! Buy Victory Bonds/Canadian Savings Bonds!
ricflairjuniour
11-01-2005, 10:32 PM
CSB yield a very low rate of return. If you put your dentures on in the morning, crap your pants when the NASDAQ takes a dive , or intend to use them as collateral on a loan, CBS can be useful (investments in mutual funds, rrsps, etc. generally can't be used as collateral).

If you're thinking of building wealth, for example buying an investment property, CSBs can be used as collateral on your mortgage, assuming you would need one.
drlove
11-01-2005, 10:57 PM
If your RSP is maxed out, you can put the money into a non registered investment fund, use it to pay down your mortgage (if applicable), invest in your life insurance policy (if applicable) spend it on SP's or.... the best suggestion yet... send it to ME!! :D
Stoo
11-03-2005, 05:04 PM
.... the best suggestion yet... send it to ME!!
What's on your "menu"? :p
emvee
11-03-2005, 07:54 PM
Reinvest, but NOT in CSB. They are a savings certificate, nothing more. Not really an investment vehicle.

If you want the $ to grow, put it in mutual funds.

If you just want to keep the money tucked away, CSB or T-Bills (no growth)

If you want to really make the $$ grow, and like risk, the stock market directly.

I would not blow it on SP's.

Generally, I agree with Winston, but Mutual Fund companies rip you off - they make money no matter which direction that market goes. Look at exchange traded funds - very similar product but you get to keep alot more of your money.

ps. never buy in Sept. or Oct. - they are almost always cheaper in November.
Example XIU - price on Sept. 30 $62.20, Oct. 31 58.90, now back to $60.40
papasmerf
11-03-2005, 07:56 PM
spend it

based on posts here you are going to die soon
Stoo
12-03-2005, 07:04 PM
spend it

based on posts here you are going to die soon

I am. Kaylyn is my new CSB (cute, sleek butt)... Hell of an ROI!