A FREE seminar with Kevin Konar of RBC Wealth Management on Nov 30th.

As I discussed with Michael on last Saturday’s show here are just a few examples of what we will discuss next week as alternatives to low paying GIC rates:

1) Right now there are several high quality preferred shares available that pay a dividend rate of over 5% per year . These are guaranteed investments with some issuers maturing in just 2 years! So short term, safe and an excellent rate!

2) There are also floating rate preferred shares available from the major Canadian chartered banks that will adjust the dividend rate that they pay you every 3 months based on the 90 treasury bill rate. Right now these preferred shares pay current dividends of around 3% per year, which is equal to an interest equivalent rate of 4% . And when rates go up, so does your rate! This is a great alternative to money market rates and low paying GIC rates!

3) Convertible corporate bonds are excellent investments inside RRSP’s and RRIF’s. These bonds offer safety + capital gain growth potential. Several high quality names are available with rates between 4.5% and 5.5% per year, with the principle guaranteed back within 3 to 6 years. In addition, these bonds also offer capital gain potential based on how their underlying common shares perform.

I have several more alternatives that we will discuss in detail at our presentation next Saturday.

Date: Saturday, November 30th
Time: 10:30 AM start (library doors open at 10 AM)
Place: Welsh Hall inside the West Vancouver Public Library – 1950 Marine Drive – in West Vancouver

Seating is limited. To reserve your complimentary seat, please e-mail Brian Moore at brian.e.moore@rbc.com with your name, contact info and how many will be attending.