As Canadians brace themselves for another long winter season, investors have been seeking protection from a storm of another kind -- market volatility.
In these uncertain times, investors are increasingly looking for investment options that are stable and can see them through periods of market uncertainty. According to a BMO Bank of Montreal study, three quarters of Canadian investors are willing to sacrifice potential investment gains for stability and security.
"Despite the market instability we have been experiencing over the last year, there are things Canadians can do to help insulate their financial portfolios against market volatility," said Domenic Gallippi, Head of Term Investment Products, BMO Bank of Montreal. "One of the most effective ways of doing so is by incorporating Guaranteed Investment Certificates."
Guaranteed Investment Certificates (GICs) are safe and stable investment options that protect your principal amount while helping your money grow. GICs can either offer a guaranteed rate of return over a fixed period of time or offer potentially higher returns linked to the market (Market-linked GICs). GICs can also help offset the ups and downs of the markets, and come in a flexible range of options, including shorter term options that don't require investors to lock-in to a multiple-year term.
