Q: My children's entire RESP is 100% in equities. As they get closer to going to post secondary school, would owning some money market funds, like ZMMK, be a good safe strategy to hold 1-2 years tuition in case of a market downturn. And open to suggestions.
5i Research Answer:
Yes, generally it is wise to get more conservative as withdrawal needs increase. Keep in mind that post-secondary can take 4+ years, so there is still a decent timeframe at age 17 or so, but it does pay to start funding one or two years ahead of time with more conservative 'cash' securities. ZMMK, PSA, CASH, CBILL can all fill this purpose.