Investment Q&A

Q: Could you please recommend a low cost etf for an resp for 3 or 4 years to introduce someone safely to markets. For example a dividend growth, tsx or your ideas. What are the cost for the etfs? Thank you for your assistance.

Q: Hi
Enghouse seems on a downward slide lately. Have you learned of anything that would cause this? I was thinking of buying this in my grandchildren's RESP
Thanks

Q: Goodmorning
What are your thoughts on the Canadian Scholarship Trust Fund as an investment vehicle for an RESP? and or would you have any suggestions as an alternative?
Thks
Marse

Q: Which one of these would be the best choice for a RESP. Beneficiary is an older child (grandson) who will start to draw funds from mid 2021 onwards. Looking for the best return within the 2 to 5 years remaining before total drawdown of funds would be completed.

I plan to establish a new RESP for a great granddaughter soon. She is not yet 2 years so has a long time horizon. Any suggestions?

Q: I started an RESP for my 2 grandsons about 3 years ago. Only 5 stocks in the account: 3 Cdn. banks, BAM and an energy company. It is doing much worse than my RESP or TFSA. I wanted safe, dividend paying stocks. Obviously the lack of diversification has hurt. I have some cash in account I would like to deploy. Please give me a few suggestions of companies I should add. Thx.

Q: If you were to establish an RESP for someone who was just born, and are starting with a small amount of money, perhaps a couple of thousand dollars, what would you invest in? Would you invest in an ETF? If so, which one? Would you consider investing in a single stock? If so, which ones would you consider?

Q: Good Morning! I have a new great granddaughter and I am in the process of setting up an RESP for her. Obviously, a long time horizon! Could you recommend 2-3 stocks/ETFs with growth in mind?
Thanks for your help, Michael

Q: Can I open an resp for grandchildren with existing holdings by transferring (opening an resp) there are gains on the stock is it considered a gain.

Q: I have $40K in RESP with 8-9 years horizon. the money is presently divided equally between Canadian index fund, US Index Fund, International Index Fund and Canadian Government Bond Index Fund.

Any suggestions on how to improve returns? Should i change strategy or simply continue to add to the same index funds? OR sell and invest in individual stocks (if so which one) or choose more risky ETFs?

Thanks in advance

Q: Hi guys,
I am maintaining both rrsp and resp portfolios for my family with time horizons of about 20 years and 10 years, respectively.
The investment strategies have been the same thus far, and I have followed a balanced approach of identifying growth, blue chip and a nominal 15% fixed income in each. I have a combination of ETFs and stocks from your model portfolios.
With the objectives and time horizons in mind, would you deploy the same investment strategies across accounts at this point? Thoughts on what investments you would recommend?

I am also aware of the tax ramifications of the accounts, and am more interested in thoughts on risk and time horizons.

Thanks

Q: Would WELL be ok for a RESP or is the risk too high? Have 14 years before the grandchild turn 18. Currently only have VGRO and looking at adding some other names.

Thanks

Q: I wonder if you might suggest 2 or 3 names suitable for an RESP for grandchildren who are 7 and 5?

Thanks for your great service! Bob.

Q: I am working on setting up an RESP for my Granddaughter. We have about 10 years to grow the RESP before changing it to a more conservative approach. Looking for 3 to 5 solid Canadian ETF's - one of them being the best to track the S&P 500. What 3 to 5 ETF's would you recommend for growth and diversity? I would like to keep dividends in Canadian dollars to avoid withholding taxes. Thank you, Patrick

Q: Opening an RESP for new born. What stocks (Cdn. or U.S.) would you recommend, taking into account safety and dividends. Obviously looking at a long time frame and plan to contribute $2,500 per year. Thanks for your insight.
Dave

Q: Hello,
What are the pros or cons to holding US dividend payers (ETF's or Equities) in an RESP? Wondering about withholding tax issues on the dividends?
Thanks, Patrick

Q: Hope everyone is doing okay at 5i.
I am looking to build a new RESP portfolio for my young granddaughters (ages 3 and 7). I would like to build it with a mix of equities plus a few ETF's to help balance and diversify. Thinking of 10 holdings of equities and ETF's. I would really appreciate your recommendations for a mix of equities and ETF's for this RESP.
Thank you,
PD

Q: Dear 5i
A couple weeks ago i sold an ETF for a loss . A few days ago i inadvertently bought the same ETF back though not the same dollar value . In this situation have i lost the tax loss claim for accounting purposes and if so is there any way of getting it back ie re selling again the same ETF i just purchased a few days ago ?
Also i`ve opened up 3 RIF accounts ( mine, my wifes and her spousal ) .
I plan on transferring our RRSP monies from each of our RRSP accounts into the corresponding RIF accounts but only for what we need to live on for that year (for tax reasons ). This amounts to about $16k per account .
My question is how should the $16k per RIF account be invested considering that about $4k will come out from each account every 3 months (staggered withdrawals ) ? The bulk of the investments will still be in RRSP`s and it is these accounts that can be fully invested ( when the time comes re the virus ) .
Thanks
Bill C.

Q: Could you please suggest 3 stocks for an RESP account. The funds will not be required for 12 years. Currently the account holds PBH, KXS, SHOP, and BEP.UN
Thank you

Q: We have the following in our RESP: ABT, BNS, NFI, ENB, TRP, PIF, MX, and BEP.UN and ~$4,000 in cash. The grandkids are now 6 and 5. As you can see, no particular philosophy has been at work so far. What might you suggest adding to the mix? Is there anything that should be sold?

Thanks, Bob.

Q: I finally sold a few dogs in both my RRSP and my children’s RESP (kids 7 and 9). It’s about $30K in each account, what stocks would you recommend I buy.

Thx

Cam