Re: RRSPs, here's what I would be doing if I were in your situation:
However much you are currently putting monthly into RRSPs; half of it continue to invest the way your financial adviser suggested. Put the other half into GICs in your RRSP. Two reasons for this: 1. GICs give you a (small but) guaranteed return (that's the "G" in GIC), so if the market tanks completely, you'll still have half of your money earning interest and growing. 2. GICs are the *only* part of your RRSP that are covered by Canada's Federal Deposit Insurance (up to $100,000) should your bank go under.
no subject
However much you are currently putting monthly into RRSPs; half of it continue to invest the way your financial adviser suggested. Put the other half into GICs in your RRSP. Two reasons for this: 1. GICs give you a (small but) guaranteed return (that's the "G" in GIC), so if the market tanks completely, you'll still have half of your money earning interest and growing. 2. GICs are the *only* part of your RRSP that are covered by Canada's Federal Deposit Insurance (up to $100,000) should your bank go under.