Before you pick what eggs (products) go in your basket (accounts), you need to know what kinds of baskets are available. Most of the investment products available at Libro - GICs, term deposits, savings accounts, mutual funds*, etc. - can go in each of these baskets. The trick is to know which egg, in which basket.
Each basket has its own rules, and tax treatment. It can get a little murky sometimes, even to experienced investors. One more reason to work with a Libro Coach.
Account Option (basket) |
Key Features |
| Personal |
|
| RRSPs (Registered Retirement Savings Plans) |
|
| TFSAs (Tax-Free Savings Accounts) |
|
| RRIFs (Registered Retirement Income Funds) |
|
| RESPs (Registered Education Savings Plans) |
|
| RDSPs (Registered Disability Savings Plans) |
|
| Corporate (Business Account) |
|
Product (eggs) |
Key Features |
| Mutual Funds* |
|
| GICs/Term Deposits |
|
| Index-Linked GICs |
|
| Qtrade Investor Online Brokerage* |
|
There is a seemingly endless choice of investment products you can put in your portfolio. Some of these ideas have been around for years, some are brand new and there are more variations on every theme emerging every day.
Some investors enjoy spending time tracking their investments and they feel comfortable making sense of it on their own. Yet, the majority of people do not have the expertise or time to do so. That's why Libro provides access to an excellent selection of proven investments that can be tailored to your lifestyle and financial plan.
It's always your choice - we're here to guide those choices and provide the information you need to grow.
With very few exceptions, ALL of these products can go in your personal account, your RRSP, your TFSA, your RRIF, your RESP, your RDSP, and/or your corporate account. It’s true!