Q: Good afternoon,
Which of these two is better to invest my US cash for the next year?
Secondly which is safer?
Thanks,
George
Which of these two is better to invest my US cash for the next year?
Secondly which is safer?
Thanks,
George
5i Research Answer:
TDB8158 is an investment savings account, eligible for CDIC insurance.CIB2776 is a CIBC money market fund investing in short term paper, usually corporate. TDB is safer overall, but we would consider both to be of high safety. The latter is US dollars, so it becomes a currency call. We would still prefer US-dollar exposure at this time.