Need investment advice, gic, and mutual funds

[kingfencer]

I did some research on gics, just wondering, gic's don't pay your monthly? they pay your once a year? and then compound it and you have to wait another year to get interest? I was thinking of it, but then i remember that gic's are heavily taxed.

So i'm looking at mutual funds, but i heard they are risky, how about the taxes on mutual funds dividends? are they heavy? any mutual funds company you can advise me in?

[B40]

ING pays monthly and you always have access to your $

[kingfencer]

gic's are not compounding right?

[B40]

gic's are not compounding right?

Don't think so, it would be yearly compounding vs. ING monthly compounding

[guest10586]

What is the monthly rate from ING?

[B40]

What is the monthly rate from ING?

www.ingdirect.ca