cst

[paddyob]

Originally Posted by Cameron

Do some searches online about group RESPs. I wouldn't be entering into any 18 year contract.

Mutual funds, are what bank advisors are pushed to sell, high fees, and generally poor performance on the funds they are pushed to sell. Not to mention your bank advisor will probably change every 18months if not less.

Bank advisors seem highly under trained these days. I sold rrsp/gic/mutuals for CIBC years ago... And all I did was regurgitate what CIBC told me.

When I see a 22 year old telling me how to plan, I shudder. Life experience is lacking, as is the age to back up the stats they sell you.

Good on you for doing research.

I'm going to follow along as I also need more info to plan for my own little
One.