Graham Priest, an investment adviser with BlueShore Financial, said money that’s going to be set aside for short-term goals could also be put into a fixed-income investment that guarantees a return.
“You don’t want to have money just sitting, doing nothing in a chequing account,” Priest said.
“When you’re looking at short-term savings, you’d want money to be guaranteed and the rate of return is less of a factor than wanting to make sure that you have the principal when it’s required,” he explained.
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