Recommendations for investing
- Thread starter Taureau
- Start date
this or RESP. having my school paid for was a huge head start on everyone else.
ya i figure once it builds up enough,ill know were to put it next,and yes,if you came out of this with free education,with no student loan payments,your well ahead of the game,this is something to look into for sure,good advice man
ETF something like the S&P 500 etc. Set it up so it automatically adds money every month and walk away. Have something in place so when he turns 18 or 20 the account is available for him. Or you could split it across several sectors, a little into each every month to cover market drama.
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thats amazing
Yeah etfs are nice for long ass investing.
Informal trust or an RESP, (invested in a mutual fund that mimics the S&P500) that way the whole family can contribute to it, the parents and/or the other set of grandparents. The beauty of setting this up with multiple people is that a monthly minimum that’s affordable to each contributor equals a lot by the time Uni comes around.
I chose an Informal Trust for my kids when each was born and it worked out well for them. When grandkids come around I will do the same for them.
Thats amazing!
A family member who has at least double
My income didn’t start anything and had the “we’ll just pay for the tuition then” snobby attitude, is now crying the blues all the time about 3 kids in Uni.
My income didn’t start anything and had the “we’ll just pay for the tuition then” snobby attitude, is now crying the blues all the time about 3 kids in Uni.
I don’t follow it much, buy it once in awhile. It’s currently on a bit of a downslope so probably a bargain compared to 10-20 years from now.
Government Bond. Guaranteed and since it’s only $200 it’s really not much to invest.
It’s more of a neat present. My grandparents bought me and my brother one. It doesn’t make a lot, but it was kinda cool having the bond paper.
Plus our government needs all the money it can get for the new budget.
The greatest gift you can give is a gift of education and the ability to come out of school with minimal debt. I’d put it into an RESP.
Bertabeast
New member
I second the RESP. Then once he is 18 he can use it for school. If he doesn’t need it for school I’m pretty sure he can transfer it into a TFSA and ride that out long term.
What would I do?
Gold and particularly silver. Why? Silver by far is the most suppressed asset on earth. It's a great gift as well and can teach someone a good lesson on real tangible value.
ETFs like SPY or QQQ historically do ok. But factor in the real rate of inflation (9ish%/ year) + taxes and it's probably not much in the end when keeping purchasing power in perspective.
Bonds are junk, and I expected bond yields to continue higher. The 60/40 portfolio is dead and buried IMO.
*Not financial advice*
Gold and particularly silver. Why? Silver by far is the most suppressed asset on earth. It's a great gift as well and can teach someone a good lesson on real tangible value.
ETFs like SPY or QQQ historically do ok. But factor in the real rate of inflation (9ish%/ year) + taxes and it's probably not much in the end when keeping purchasing power in perspective.
Bonds are junk, and I expected bond yields to continue higher. The 60/40 portfolio is dead and buried IMO.
*Not financial advice*
It depends what your risk tolerance is. $200 a few times a year for someone very young over a 20 year time period may end up resulting in a decent amount by year 20. There are easy calculators online for investment to show you the compound interest.
I invest in moderate risk stocks and the best performing one I have is INTACT as they are publicly traded. I buy as much as I can and of all companies in their field, they always make the most money. They have annual financial returns for the public to read if you can read financial reports.
Otherwise, there are a few very safe RRSP funds, that have performed like a GIC (stable over a very long time). You can choose from the same fund which generally pays 7 or 11% per year. They have averaged this or better over a 20 year period. GIC's are 100% safe but you won't have much compound interest.
I invest in several different avenues, one I have a few 100K in and last year it made just under 300%. It won't stay there, it is down in the mid 250% right now. I took half the investment and interest ( I predict the fund will start to go down over time as not many Mutual Funds return 300% per annum )and moved it into autocallable notes which have performed better than anything for me. If you want the name of the stocks or Mutual Funds I choose send me a PM.
Every autocallable note has been called except one, in that case I just received my investment back.
Notes, pay between 9-20% per year and usually roll for 3-5 years. If at year 1, they are 1 cent over the purchase price you get your interest, if not it rolls to year 2, and on year 2 if over 1 cent, you get 2 years interest and so on. If it is a 3 year note - and it does not grow, if it is down you typically have 30-50% downside protection so unless it takes a massive dip, you get your investment back.
I have purchased 30 or more notes over the last decade and 1 did not return the interest. The last two were called and returned 15% and 17% per year. There are higher yielding investments, but between the smartest man I have ever met, and a friend for 30 years, and my own reading - we pick the safest notes.
You can't go wrong with a RESP depending on the interest it pays. The power in investments, is the compound interest over an extended period of time.
I am not embarrassed to say I don't have time to follow my investments daily, I pay for a trusted friend and the smartest/most knowledgeable man I have ever meant to look after my investments. He does not reinvest as any mature, without making suggestions, I research, etc. I told him about INTACT, as it was not something they sold much of, so he spent days investigating, and for 15 years it has been my best stock. 2 years ago over 30% and last year just under 15%. Again, easy to see the yearly return as they are a publicly traded stock.
@3ml is an investment genius - my opinion. He knows way more than I do. My returns may not be as good as people who do their own and get into riskier investments, but have the knowledge to know what to pick.
You have time on your hands so you can ride some dips like we had in 2008.
I invest in moderate risk stocks and the best performing one I have is INTACT as they are publicly traded. I buy as much as I can and of all companies in their field, they always make the most money. They have annual financial returns for the public to read if you can read financial reports.
Otherwise, there are a few very safe RRSP funds, that have performed like a GIC (stable over a very long time). You can choose from the same fund which generally pays 7 or 11% per year. They have averaged this or better over a 20 year period. GIC's are 100% safe but you won't have much compound interest.
I invest in several different avenues, one I have a few 100K in and last year it made just under 300%. It won't stay there, it is down in the mid 250% right now. I took half the investment and interest ( I predict the fund will start to go down over time as not many Mutual Funds return 300% per annum )and moved it into autocallable notes which have performed better than anything for me. If you want the name of the stocks or Mutual Funds I choose send me a PM.
Every autocallable note has been called except one, in that case I just received my investment back.
Notes, pay between 9-20% per year and usually roll for 3-5 years. If at year 1, they are 1 cent over the purchase price you get your interest, if not it rolls to year 2, and on year 2 if over 1 cent, you get 2 years interest and so on. If it is a 3 year note - and it does not grow, if it is down you typically have 30-50% downside protection so unless it takes a massive dip, you get your investment back.
I have purchased 30 or more notes over the last decade and 1 did not return the interest. The last two were called and returned 15% and 17% per year. There are higher yielding investments, but between the smartest man I have ever met, and a friend for 30 years, and my own reading - we pick the safest notes.
You can't go wrong with a RESP depending on the interest it pays. The power in investments, is the compound interest over an extended period of time.
I am not embarrassed to say I don't have time to follow my investments daily, I pay for a trusted friend and the smartest/most knowledgeable man I have ever meant to look after my investments. He does not reinvest as any mature, without making suggestions, I research, etc. I told him about INTACT, as it was not something they sold much of, so he spent days investigating, and for 15 years it has been my best stock. 2 years ago over 30% and last year just under 15%. Again, easy to see the yearly return as they are a publicly traded stock.
@3ml is an investment genius - my opinion. He knows way more than I do. My returns may not be as good as people who do their own and get into riskier investments, but have the knowledge to know what to pick.
You have time on your hands so you can ride some dips like we had in 2008.
I like gold and silver and I think we all should invest in it, I certainly do it to much lol.
You can’t go wrong with ETFs, I like sgdm so maybe keep 15% to it and the rest in vooor whatever else pleases you. . If you want to have cash for when the market crashes keep 10& in sgov which are 3 month t-bill or short term bonds. Gives
You an enough yield to just keep up with inflation if you’re lucky.
Just pay attention to tax structures and decide accordingly.