Here’s the latest on my ongoing Family RESP (F-RESP) update series. The account remains 100% $XEQT. Total contributions thus far; ~$11,460 Total federal grant (CESG) : ~$2,252 Total distributions : ~$511 Cap Gains (Realized & unrealized) : ~$5,563 My kids are (almost) 6, 4, and 2! As I withdrew approx 22.5K last year from my TFSA for. Vehicle purchase, I’ve prioritized re-filling that account. I make regular (automated) deposits into the account, with lump deposits when they get money from family. Last update post (Aug) : https://link.blossomsocial.com/7uYa/usp5dfwa
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13 Comments
Alexander
@jcw_mayyy · 15d
1200/yr x 3. This will grow exponentially and the combined value should set them up for a very long time. Make sure you add some $FINN to boost
MissG
@let_it_ride · 15d
That’s a cool breakdown! Nice work 👍🏼
Mr Financial
@mr.financial · 16d
Amazing how fast the CG are growing over contributions. Shows what time does to early contributions!
Cookdoran
@cook1 · 16d
Hello Kyle, are you planning to stay 100% xeqt until you need it? Or have a plan ( strategy)? My kids are 11 and 13 and I was 100% zeqt(44 000) until a couple weeks ago I locked in 10 000 in GIC 4 years. Figured to guarantee some money for the first year tuition. Next year I'll reassess the situation and maybe lock in another amount or just stay equity invested. Thanks for your input 👍
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