You have $3000 to invest, but will need the funds in a little over a year to make a tuition payment, you should

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A one-year closed GIC (Guaranteed Investment Certificate) is a safe and secure option for short-term investing. It offers a fixed interest rate and guarantees the return of your principal investment at the end of the one-year term. It is a good choice for those who need the funds in a little over a year and do not want to risk losing any of their principal. Money market savings accounts may offer lower returns and may not be as secure as a GIC, while common stocks and diversified stock mutual funds are better suited for long-term investments.

You Have $3000 to Invest, but Will Need the Funds