Hi ! Short and sweet update this time. I’m still 100% invested in $XEQT within this RESP account for my three kids (ages 5,4,2) I was asked a question from a follower last week on whether or not I regretted moving from my 60:20:20 strategy with $XEQT : $QQC : $XUS , and the answer is no. The move to $XEQTsolves many problems for me at once: it’s a solid long-term position, it’s hands-off, the returns are great, and I do not need to monitor it as closely as other positions in my other accounts. I really wanna push again for folks who have been stalling on an RESP: go and open the account. Toss five dollars in every Monday. Start to collect that government grant, start that snowball rolling ! Even the biggest avalanche starts with a much smaller volume of snow taking a tumble! My total contributions are $11K. The $8,000 or so profit is boosted by the 20% CESG grant, divs, and cap gains. All of this grows tax deferred, making that CESG boost so epic over the long term.
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20 Comments
Michael Conroy
@conroy119 · 2mo
Agreed, gotta get the ball rolling! Every Christmas or Bday whenever family asks what to get for the kids - I answer RESP contributions!
Kar Yung Tom
@karyungtom · 2mo
Building tomorrow... TOGETHER. Love it.
Rajan RV@rjv911 · 2moEdited
I was doing research and asking friends about RESP investment and found your post. I was confused between XEQT/VEQT do it by myself or do Managed Portfolio in Wealthsimple. I think I might buy $VEQT and DRIP under RESP for my baby born before month
Alex Dim-Ekoundou
@250alexdim · 2mo
Good job, Kyle. I was thinking about that $XEQT as well, but they are still babies. Am going to hold individual stocks for them till they get 5 years old.
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