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Unexpected recession and the period of a bear market in stocks, where seemingly everything is going down is pretty tough for investors to witness, especially if you're like me, who's facing this kind of stock market decline for the first time ever. 📉📉 Many Canadian investors are now wondering where they should keep their money when the markets are down, and the answer is quite simple — High-Interest Savings Accounts, (HISA's) and GICs, which we will cover in detail in this video. It's the ideal scenario of a safe passive investing. When the interest rates in Canada and the US are on the rise, the savings account rates and GIC are bound to rise with them, giving Canadians amazing opportunities to save and grow money without worrying about the craziness of the stock market. Reliable and easy way to get 3-4% annual return on your money.
