The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content


In defence of the lowly GIC

Enough with the uninformed dissing of guaranteed investment certificates.

GICs have a rep as being the friend of unsophisticated, risk-averse investors who don’t understand that that stock market risk is manageable through sensible diversification. But I’ll be buying a GIC for my boys’ registered education savings plan, and I don’t care who knows it. After comparing the alternatives, the GIC proved to be most suitable choice.