Thanks for your kinds words all.
LRDave: true. But the main problem is I only need about 350K to run the business, so the "excess" cash has not been pulling its' weight. If you average out the 21% annual return over the entire amount though, I guess it still looks okay compared to the markets.
Milton: i was raised to believe that you had to work just as "smart" as you worked "hard" I've been doing the working hard thing pretty well but not working smart. Plus, the miser in me gets angry with himself thinking about all the lost "potential" money that I could have been earning.
My corporate taxation year ends on Feb. 29 so once I have cut the disgustingly large cheque to the government for the taxes they "deserve" for last year, I'll be able to move another chunk of retained earnings over to the holding company and I'm going to finally get it invested. Probably about 700K in GICs (CDs) that are 3.5% 5 year cashables, paying annually.
The other 500K I haven't decided what to do with yet. Maybe 60%bond index, 20% cdn equity index and 20% us equity index ? Any ideas out there for a conservative, risk intolerant investor ?
LRDave: true. But the main problem is I only need about 350K to run the business, so the "excess" cash has not been pulling its' weight. If you average out the 21% annual return over the entire amount though, I guess it still looks okay compared to the markets.
Milton: i was raised to believe that you had to work just as "smart" as you worked "hard" I've been doing the working hard thing pretty well but not working smart. Plus, the miser in me gets angry with himself thinking about all the lost "potential" money that I could have been earning.
My corporate taxation year ends on Feb. 29 so once I have cut the disgustingly large cheque to the government for the taxes they "deserve" for last year, I'll be able to move another chunk of retained earnings over to the holding company and I'm going to finally get it invested. Probably about 700K in GICs (CDs) that are 3.5% 5 year cashables, paying annually.
The other 500K I haven't decided what to do with yet. Maybe 60%bond index, 20% cdn equity index and 20% us equity index ? Any ideas out there for a conservative, risk intolerant investor ?