Guaranteed Investment Fund (GIF)
Categories: Investing
Combo products are fun. Sporks. Pickaxes. Turduckens.
Also, there's a Guaranteed Investment Fund. It offers a combination of insurance and investment.
Under a GIF (not the video kind), you get to invest in a stock or bond or whatever, receiving the possibility of earning a return. Simultaneously, you get an insurance policy against loss.
You are protected against losing money. Usually, the fund promises to at least return the amount you put in. In return, you usually have to lock up the money for some period of time. The fund also typically charges a fee, often a percentage of the amount invested.