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Do-it-yourself analysis and assessments of investing, ETFs, portfolio and asset allocation, taxes, insurance, retirement, annuities and related book reviews for Canada and the UK.

Guaranteed Investment Certificates (GICs) and Savings accounts at banks offer a person in Canada the safest possible place to invest money. Both are backed 100% against any loss up to $100,000 by the Canada Deposit Insurance Corporation , an arm of the federal government. That's as safe as it gets.

Safety against outright loss isn't enough for the investor. There is inflation to consider. Annual inflation - targeted by official Bank of Canada policy at 2% - eats away the purchasing power of our cash unless the interest rate on the GICs and savings accounts exceed inflation. If inflation is 2% and your interest received is 0.5%, you've lost 1.5% in real purchasing power.

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