Quote:
Originally posted by quiet
oh no. i am not interested in risk. annuities, mutual funds - with low risk. with someone who specializes in personal investments over 1 M. also, i'm in Canada, so would have to have a presence here.
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If you are stuck on having a canadian presence then forget this.
Cayman National Bank. In 1997 my friend opened an IRA there which they have invested in God knows what. Since that time it has earned approx 14% each year. Last year it dropped to about 11% after 9-11.
Upside is that with his initial investment, which was less than half of what you are looking at, he will be well off for retirement. The downside is that he can not touch the funds until he is 59 & 1/2 years old unless he wants to hand over 10% off the top.
Just another option for you. Now go talk to a financial planner and get it done right.