If you want to follow the footprints of the big players in the market, relying only on price action is not enough.
Do I have to put more money in to get it? Traciatim March 28, at 4: Our first contribution was April My only advice for people shopping for an RESP. Run for the hills as fast as you can. You would be far better off stuffing bills in tin cans and distributing them in non-random patterns in your back yard underground.
Anyway, I found your inability to comprehend basic mathematics and then set up a soap box so frustrating that I had to respond. CST has front-loaded fees. You probably saved nothing for the first two years of your contributions.
Those funds do not incur costly MERs like many mutual funds would. Conservative investments are the way to go.
Your post begs for more information. It is of the utmost importance how much you have contributed and on what kind of schedule. P March 18, at 7: Try this math on for size. Who comes out ahead after 18 years?
If you did come out as well as you say you have you should understand where the gain came from. A large portion of group RESP returns come from those poor investors that were unable to finish contributing to their plans.
That can be people unfortunate enough to lose a job, get divorced, etc. Is that how you want to make your money; off of unsuspecting Canadians who did not have the foresight to predict future problems 18 years in advance?
The Group RESP industry is the scurge of the financial industry and should be regulated out of existance. Average Canadian would be better off for it. If you did sign they usually give you a grace period.
If you are stuck. Write to me at edward evpnet. There should be a class action suit. There are much better programs out there. Samy Overall what would you suggest best out there and why.
Being a financial advisor with CIBCinvestors group and few other dealears. I have also had my license sponsered by pooled RESP dealers. Being on both sides and being able to offer my clients an option of self directed or pooled group RESP leaves me unbiased. I think both products are good depending on the risk tolerance and so forth of the client.
I belive many financial advisors and consultants do not understand the group RESPs and are too quick to Judge them. They are less flexiale than self directed ones as you would have to stick to choosen payment schedule. Fees are front end therefore you would not earn interest on part, not all of your principal for the first two years.
This is why some of you are seeing a lower current balance than you have contributed.Dec 05, · Many financial advisors have a strong interest in employing hedged portfolio strategies despite recognizing some cons amid all the pros of the grupobittia.com: Deborah Nason.
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Praise for Hedging Market Exposures:Identifying and Managing Market Risks "This timely book draws on the lessons of the recent financial crisis to provide a comprehensive survey of the vast array of overt and, most importantly, hidden hazards that face investors and managers.
This report will discuss the basics of hedging, advantages and disadvantages of hedging. There is description of methods and techniques used for hedging.
I have 2 kids that I’ve saved for and have seen the investment to maturity. The first child was invested in a moderate risk mutual fund. We invested $25, over 18 yeara and got paid out $16, Portfolio managers, individual investors and corporations use hedging techniques to reduce their exposure to various risks.
In financial markets, however, hedging becomes more complicated than.