My girlfriend (20) has about $9,500 CAD in a GIC (basically like a CD in the US) earning \~2.15%, maturing in September.
\- She’s made \~$100 so far
\- Would make \~$200 total if she keeps it
→ so she’d give up about $100 by exiting now
I’m trying to convince her to invest instead (VOO / QQQ / VXUS + some big tech + a few stocks she likes).
My thinking:
\- She has a long time horizon
\- Giving up \~$100 seems small vs potential market gains
\- Starting earlier > waiting
Her concern:
\- Losing guaranteed returns
\- Entering and seeing a drop right away
What would you do?
1) Keep GIC
2) Break now and invest
3) Break + DCA
Curious what you guys think.