Investment Q&A

Q: So BMO and TD won't allow me to purchase CASH (horizons hisa) .BMO say they have their own (HISA) product that I can buy . Would these be as acceptable as CASH (Horizons product).

Q: Hello! For large sums of money that need to be held in cash which is the best and safest option and what is the difference in yield one receives in these different investments? Is money held in these kinds of investments CDIC insured up to $100,000 or is that only if one holds in a GIC? Thank you!

Q: I wish to find a place for some cash. I am not entirely clear on some details for HSAV: the current trading price is around $106,60.

Of course, there are no distributions; What do you calculate the effective yield to currently be?

My trading platform suggests NAV is $106.30, so there is a premium being paid at the current price. What effect will that have on the yield? And what effect when I come to liquidate the holdings?

Last, if you see HSAV a not that good a place to deposit, what other place(s) would be good to hold some cash? BMO HISA is currently offering 4.6%

Many thanks

Q: Hello Team,

What are your favourite etfs for high interest savings account for both CAD and USD?

Thank you!

Q: I have money invested in the CASH and PSAV ETFs in registered accounts through my bank HSBC Canada. As I understand it, HSBC Canada is about to be bought by RBC. I also understand that RBC, for some reason, does not allow trading in the CASH and PSAV ETFs. If this is correct, am I at any risk or concern on this? Should I sell my CASH and PSAV ETFs before RBC takes over or just carry on as normal?

Q: -What are your thoughts on these money market funds. I'm looking for a place to park some cash and gain a yield for the short term.

Are they taxed as dividend income or interest?

Any thoughts on timing entry and exit?

Thanks

Q: I was considering investing 300k into 2 or 3 of these picks below for almost guaranteed savings. This would be in a non registered holding company.

1. Horizons Cash Maximizer- HSAV (which you have pointed out is more tax efficient since they don't pay distributions and yield gains are building into escalating price, etc)

2. Horizons High Interest Savings-CASH which is straight up high taxation interest gains

3. Purpose High Interest Savings- PSA which is straight up high taxation interest gains.

Please advise if you have a preference for perhaps two picks at 150K, or all three at 100k for example.

Alternatively, if there is another TSX traded option that you suggest, i would look at that too. To be purchased via CIBC Investors Edge.

Thank you.

Q: I have a few questions about money market ETFs and high interest savings ETFs. Can you suggest one or two MM ETFs or HIS ETFs? Additionally, do they have monthly interest distributions and experience daily price changes? Do these distributions count as taxable interest? Are they available for purchase without charges and do they have management expenses (MERs)? Lastly, are these ETFs tradeable daily with high liquidity?

Q: Hi
I would like a place to park Cash which fund do you prefer hsav or cash and how do these differ. Thank you

Q: Could you suggest some good ways to park money for the next year or so?
Thanks
Dave

Q: What is the best high-interest option for keeping an emergency savings fund of living expenses ?

Q: Hey guys hope all is well not too sure how this works does the dividend represent the mode in which makes a profit or is this above and beyond the actual interest paid hope this is clear enough thanks as always.

Q: How are the returns on these money ETFs taxed?

Is it better to hold this type of ETF in a registered acct?

Q: Which ETF product would be suitable for a one year holding period in an RESP?

Q: With bank failures in the forefront these days would you still consider HISA ETF's safe in this environment? Will the issues in the banking sector affect the NAV prices of these ETF's?

Q: Hello 5i Team

Further the many questions on HISA ETF (i.e. CASH, HSAVE, PSA etc.)

The Globe and Mail on February 09, 2023 a summary of the brokers services including availability to purchase HISA ETF; HISA Mutual Funds; and GIC.

Link (may be behind a pay wall) - https://www.theglobeandmail.com/investing/article-canadas-top-digital-broker-is-td-direct-investing-with-an-assist-from/

Essentially the three brokerages which do NOT allow HISA ETF are:

BMO Investor Line
RBC Direct Investing
TD Direct Investing

Regardless most brokers allow access to HISA mutual funds, however you may be restricted to the particular brokerages affiliated products (i.e. Royal Bank at RBC Direct Investing TD Bank at TD Direct Investing).

Thanks

Q: My sister needs to park around $90,000 which she intend to put on a house down-payment next February.

She can get around 4.5% for a 9-month GIC.

From reading your website over the years, I know that the above funds are also an option. However, I don't know how to judge the return that can be expected.

Which of the two options (GIC or one of these funds) would you recommend?

Thanks as always.

Q: It looks like we could be heading for a market correction, where are a few good safe place to park cash for up to 6 months..

Q: Would you consider CASH etf as safe as a regular high interest savings account in terms of seeing any kind of large fluctuation in the $50 share price?
looking at parking a large sum of cash before needing for a real estate transaction.

thank you!

Q: I believe all of these ETF’s are paying close to 3%. How do they do this?