My girlfriend (20) has about $9,500 CAD in a GIC (basically like a CD in the US) earning ~2.15%, maturing in September.
- She’s made ~$100 so far
- Would make ~$200 total if she keeps it
→ so she’d give up about $100 by exiting now
I’m trying to convince her to invest instead (VOO / QQQ / VXUS + some big tech + a few stocks she likes).
My thinking:
- She has a long time horizon
- Giving up ~$100 seems small vs potential market gains
- Starting earlier > waiting
Her concern:
- Losing guaranteed returns
- Entering and seeing a drop right away
What would you do?
-
Keep GIC
-
Break now and invest
-
Break + DCA
Curious what you guys think.