Divergent Finances Episode 5  - GICs: Not as "Guaranteed" as You Think
Channel: Divergent Financial Planning
Date: 2024-03-12

In this episode of Divergent Finances, I cover a topic I've been wanting to say for a long time: why Guaranteed Investment Certificates are not as guaranteed as you think. And why it is important to know the details before going considering one as a part of your portfolio. 

TL;DR - The "guarantees" of GICs are only nominal, and do not factor in inflation and taxes. 

Divergent Financial Planning is owned by, and is the trade name of, Drew Adamick, CFP®

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Divergent Financial Planning works on the traditional territories of the Blackfoot Confederacy, part of Treaty No. 7, also home of the Métis Nation of Alberta Region 3.