This thread confirms that a good portion of Canadians don't have a clue about personal finances. If your investment experience is limited to GICs then you really shoudn't chime in when you are faced with a product that god forbid- has more than one variable. This isnt the 90s anymore you need to do some digging to keep up with inflation at these rates.
What I find funny is people who wont take time to educate themselves or let someone work with them to help them understand some basic math and or financial concepts. If you only buy GICs and are actually concerned about CDIC insurance- good luck to you, your capital is eroding.
Naturally when people don't understand or are too proud to admit it, they go on the defensive-which is what jumps out to me when reading these comments.
Everyone works so hard for their money-but wont learn about money, makes no sense to me.
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if my aunt had balls, she'd be my uncle...
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