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ride_spinna · 11-17-2006, 04:18 PM

i have a question for ppl that are pretty experience dealing with stocks and the market

i have some money saved up in GICs right now earning around 3% interest

i know some stocks that have dividend yields of 4% to 4.5%. If the stock is a relatively "safe" company such as a bank, wouldnt putting my GIC money into that stock earn me more interest and better yet, in the long term if the stock price goes up, i make some money from selling the stock?

i'm aware that i get taxed on the dividend payment but still, wouldnt i better off with the stock rather than GICs?

11-17-2006, 04:18 PM	#150
ride_spinna NOOB, Not Quite a Regular! Join Date: Apr 2004 Location: richmond Posts: 46 Thanked 0 Times in 0 Posts Failed 0 Times in 0 Posts	i have a question for ppl that are pretty experience dealing with stocks and the market i have some money saved up in GICs right now earning around 3% interest i know some stocks that have dividend yields of 4% to 4.5%. If the stock is a relatively "safe" company such as a bank, wouldnt putting my GIC money into that stock earn me more interest and better yet, in the long term if the stock price goes up, i make some money from selling the stock? i'm aware that i get taxed on the dividend payment but still, wouldnt i better off with the stock rather than GICs?