Professional advice: In addition to helping you choose the right GICs, a GIC broker can also provide ongoing guidance and support as you manage your investments. They can help you understand your portfolio and make any necessary adjustments to ensure that it aligns with your financial goals...
"Laddering" a GIC refers to the strategy of investing in a series of GICs with different maturity dates, rather than investing in one large GIC. The idea behind laddering is to spread out the maturity dates of your investments, so that some GICs will mature and be available for reinvestment or withdrawal at regular intervals. This can provide a degree of flexibility and liquidity, while still allowing the investor to take advantage of the higher rates offered by longer-term GICs...
There are several reasons why you may want to consider using a GIC broker to help you invest in GICs.