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What are some best instruments in Canadian market for 3 - 6 months investments? I have no knowledge of options/derivatives etc, so mainly looking for other alternatives here.

EDIT: On a scale of 1 - 10, if I divide my capital in 2 parts, for one part, risk is high (~7), other part, risk is low (~3)

Only 3 - 6 months because I cannot block money for more than that time. I bought a condo and all my liquid cash is now gone.

EDIT # 2: from the responses, I udnerstand, 3 - 6 months is too short. If I increase the horizon to 18 - 24 months, how do my options change?

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  • What kind of investments? Where on the spectrum are you between either (a) preserving your capital, or (b) taking wild-ass risks where you might lose it all? And why is your time horizon only 3-6 months?
    – Chris W. Rea
    Commented Apr 1, 2011 at 18:43
  • Please see EDIT.
    – Victor123
    Commented Apr 1, 2011 at 18:48
  • upping the the timeframe to almost two years does not change the advice much. +1 for MrChrister
    – sdg
    Commented Apr 2, 2011 at 0:51

2 Answers 2

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You are a saver, not an investor. Your time period is simply too short. You are stuck putting your money into less productive, but safe savings accounts.

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Unless you have insider information (ILLEGAL!!!) don't go high risk over this time frame. It makes about as much sense as betting on the horses.

Stick it in a 3 or 6 month GIC at the pathetic rates the banks are giving.

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