Why Rob Carrick hates principle protected notes
Another example of complexity gone wrong!
Rob mentions it only briefly here, but a simple way to get the benefits of principle protected notes without the high fees and small print is to invest the bulk of your principle in a GIC (guaranteed investment certificate) for five years and a comfortable percentage (five to 25 per cent, depending on your risk tolerance) in equity ETFs. See the previous post to this one for details on ETF portfolios.