I used to save money in GIC which only has 1% interest. The CIBC's financial representative recommended me to purchase some Mutual Funds in my Tax-Free Savings Account(TFSA). I checked CIBC's products which include Income Funds and Growth Funds. Obviously Growth Funds has high risk, but Income Funds has low risk, and most short term & long term rewards are positive.
Has someone purchased CIBC Income Funds? How about it? I have very little experience about financial products, and I don't want to have high risk. Pleas give me some advice about how to invest funds.
Has someone purchased CIBC Income Funds? How about it? I have very little experience about financial products, and I don't want to have high risk. Pleas give me some advice about how to invest funds.