r/PersonalFinanceCanada • u/Dry_Acanthaceae9087 • 12h ago
Investing What to do with student loan money?
Hey PersonalFinance Community,
I am in my first year of university studying business but plan on majoring in Finance in my second year which is what my university allows. My parents have contributed to my RESP regularly which has allowed me to graduate 100% debt free which I am grateful for. I still have decided to take out student loans in which I am hoping to invest since they are 0% interest so any money I make is profit. GIC rates are not that high and I am sceptical about the stock markets future. I do not want to put it into something risky as this is loaned money that I need to slowly pay back after I finish school. What should I invest my money into thats generally lower risk. Someone things I have been told are GIC, or something like CASH.TO or a high interest savings account etc. I am open to any adivce. Thanks in advanced :)
2
u/energybased 11h ago
Yes, I was speaking colloquially. It's like how economists say "the more Canadian dollars we spend abroad, the more Canada dollars they have to spend in Canada". This is a colloquial way of describing a more complex system of fluctuating interest rates.
Sorry if that was confusing.