Date Posted: February 21, 2017
Anisa Lancione opens up this segment by going over Advanced Mortgage Investment Corp.'s (AMIC) program, which can provide an exciting opportunity for sophisticated investors to buy preferred shares in a pool of professionally underwritten, alternative mortgages.It is a turnkey investment that will pay dividends for years to come while preserving capital and giving shareholders the peace of mind that comes with diversified risk.
When you've reached your RSP investing limit, you must then decide how you would like your funds to be invested, most people choosing to go with mutual funds. What many people may not know is, you have the option to use those funds to invest in an exempt marker dealer, such as AMIC. The benefit of investing into a MIC lender versus investing in mutual funds is that, the compounded interest returns by re-investing your earnings into the MIC can outperform the more common mutual funds, resulting in more money being generated throughout your investment's life.
Frank Napolitano, Managing Partner and Mortgage Broker at Mortgage Brokers Ottawa goes over how many clients who apply for mortgages have significant savings in their RSP and have confirmed to him that they have no idea what they should do with these funds, most of whom just let their banks handle their RSP's and have no idea what it is their money is being used for.