BlondeFish;360113 wroteAnybody done a Registered Disability Savings Plan? I'm looking into an RDSP for a relative. I used TD eFunds for an RESP, but I asthma wife & she went ballistic:
"You better not buy index funds, mutual funds, ETF or invest in the stock market ever again. Are you crazy?"
I asked what's a better investment for an RDSP that probably won't be withdrawn for at least 20 years, which is longer-term than an RESP.
After a long period of silence, door-banging, etc, she finally came up with,
"1-year GIC, at least it won't go up and down." :rolleyes:
Has any financial institution ever come up with better mutual funds than TD eFunds with ~0.33% MER? What would pokerJAH, etc. do?
Sorry, just now saw this.
Hopefully they did get their RDSP started (though if not it's not a big deal as you can catch up previous years like an RESP).
With an RDSP, it's not to say that the return doesn't matter - of course it does - but the main advantage is the grant that's given by the government.
On a $1500 contribution, you get a $2500 grant ($1500 on the first 500, then 1000 on the next 1000).
As with anything being held for 20 years+, you'll be best off in the market with an index fund(s).