Quote (addone @ Mar 23 2024 10:55pm)
Isn't gics classification of standards? I need to look that up, I normally go for top 10 or s&p500
Not sure what you mean by "classification of standards". But anyway, they stand for guaranteed investment certificates. Basically you give the bank your money for a fixed period of time (usually one year but can be shorter or longer depending on the GIC's term), and when the time is up, they give you your principal plus some interest. It's a very safe investment but it has little return. It's only marginally better than a savings account.
I like GICs because of how safe they are. I dabbled in the stock market and got burned badly. So now I steer clear of stocks and put all my money in GICs.