Initial Value $14,984.55
November 11, 2012
Update Value $22,172.82
November 28, 2016
I created this mini-portfolio in November 2012 for readers with a limited amount of money who wanted a better return than they could get from a GIC without taking on a lot of risk.
The idea came from two readers who held GICs that were up for renewal. They were unhappy with the rates that were quoted and were seeking alternatives.
I stressed at the time, and still do, that while this is a low-risk portfolio it is nowhere near as safe as a GIC, which guarantees both principal and interest and is covered by deposit insurance up to $100,000. If absolute safety is what you want, stick with the GICs and forget about the extra return this portfolio offers.
The portfolio includes three securities: the common stock of BCE Inc. and Scotiabank, plus the 5.75% convertible debentures from Firm Capital Mortgage Investment Corporation. – G.P.
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