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 Gordon Pape is a well known investing and personal finance guru and author, 2009
 Gordon Pape is a well known investing and personal finance guru and author, 2009
(Tory Zimmerman/The Globe and Mail)

The better-than-a-GIC portfolio

In late November 2012 I launched a mini portfolio for small investors with limited resources in my Internet Wealth Builder newsletter. This was done in response to queries from two women with maturing GICs who were unhappy about the interest rate they would receive by reinvesting.

At the time, I explained that GICs were the best way to go if preservation of capital was the absolute number one priority. But by taking a little risk, I suggested they could improve their returns significantly by redeploying the money into a small portfolio of stocks and preferred shares or corporate bonds.