I’ve been holding cash/GICs so I can pay off as much of my mortgage before renewal as possible. I get better rates in savings and GICs than the mortgage interest, so it makes sense to hold and pay out as much as I can at/before renewal.
It’s too short a term to put in the market, and I’m more worried about securing my home than I am anything else.
Besides, as soon as my boss thinks AI can do my job I’m gone (I have been told as much), regardless of whether it can or not. So there’s a reasonable chance having a cash pillow is going to be important in the next few years.
I’ve been holding cash/GICs so I can pay off as much of my mortgage before renewal as possible. I get better rates in savings and GICs than the mortgage interest, so it makes sense to hold and pay out as much as I can at/before renewal.
It’s too short a term to put in the market, and I’m more worried about securing my home than I am anything else.
Besides, as soon as my boss thinks AI can do my job I’m gone (I have been told as much), regardless of whether it can or not. So there’s a reasonable chance having a cash pillow is going to be important in the next few years.