The Shrine

I'm just looking for somewhere to store my savings where they'll collect at least some amount of interest/return. Up until now I've been using an online savings account from Citibank that WAS at 5% when I started... last month was about 1.5%. Looks like an overall downward turn on interest in general, but there's gotta be somewhere better to put it.

I was looking at CD's but I don't know if they're worth it? I'd prefer to have the money somewhere I can pull it out if I need it, although 6-9 months wouldn't be bad. I just don't know what's available out there, but I'm not interested in anything with risk-- I don't have enough to be worth it anyway.

In response to being asked what a non-professional investor should do with their money, Warren Buffet says:

Warren Buffet wrote:Well, if they're not going to be an active investor - and very few should try to do that - then they should just stay with index funds. Any low-cost index fund. And they should buy it over time. They're not going to be able to pick the right price and the right time. What they want to do is avoid the wrong price and wrong stock. You just make sure you own a piece of American business, and you don't buy all at one time.

Invest in green mutual funds. Some need a $5K minimum, though.

Depends what you're investing for. Long-term retirement funds, just stick them into an aggressive, long-term RRSP mutual fund. Short term? You'd have to ask the Americans, your economy is a little nuts right now