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Saturday, January 19, 2008

RRSP investment

I have calulate my total earning without changing anything of my mutual fund amount. For the mutual funds, I kept the same amount like the one I had in December, because I don't want to cause myself an emotional breakdown.

I now seriously thinking about where to invest my RRSP money. As I previously wrote, I have about 5 000$ to invest. There's at least 2 mutual funds that I want. For now, I was thinking to put a 1 000$ in the CIBC Monthly Income Fund. It's a well-known fund with a strong background. Since inception, the fund gave 10.3% of return each year. I will definitely put money in there for my RRSP. I never buy CIBC mutual funds before and I just hope I will be able to buy that fnd without any problem.

I was also thinking to put RRSP money in a mutual fund that I already have: Desjardins Fidelity True North Fund. This fund his awsome. Even with the big crisis that we have now, I didn`t loose any money of my initial investment. I invest 1 000$ in 2005 in it, and in date of today, I now have something like 1 200$ in the account for the Desjardins Fidelity True North Fund, which I really love. So I believe that the fund is strong enough to be consider for my RRSP. In the Desjardins Fidelity True North Fund, I will invest 500$.

It's the only 2 ideas placement I know I will invest for sure for now. I still have a 3 500$ to invest for my RRSP. I have until the end of February to think of it.

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