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RESP : Self Directed vs MF based

Helping Women find work
By: maruca

YWCA Steps to Employment

Help wanted signs are everywhere, but jobs still remain outside the reach of some women in Vancouver. Finding and keeping a job can be hard for women dealing with challenges such as single parenthood, English as a second language or lack of work experience, says YWCA Steps to Employment Manager Darcie Gabruck.

Located on Vancouvers East Side at the corner of Commercial Drive and Broadway, YWCA Steps to Employment is a 12-week program for women who face multiple-barriers in their search for work. A combination of individual and group support helps women develop self-confidence, learn about workplace culture and connect with available community resources.

Since opening its door in May 2006, the program has helped a steadily increasing number of women enter or re-enter the job market by providing career exploration, job retention and job search skills.

In addition to a women-centred and safe environment, our program offers support through transportation assistance and child care top-ups for eligible women, explains Darcie. The combination of practical and employment support enables women to identify their skills, create a vision for the future and find their place in the workforce. We're thrilled to have past clients coming back to visit and share their success stories.

New sessions start every four weeks. The next start date is Monday March 5th, 2007.
For more information, visit" rel="nofollow">LINK or call 604-709-0440.

Senior Desi
Member since: Nov 06

Posts: 409

Originally posted by Fido
Which are the other popular funds CD s invest in and can recommend ?
I was earlier thinking to invest before the end of the year, but now I am thinking of taking a breather and doing it in Jan or so after further research of the avenues.
Govt grant is one thing , the prospects of what you invest in is another.

I have started contributing to RESP portfolio from 2009 (just after the 2008 market crash) mainly to take advantage of 20% CESG fund.
I invested in CIBC MFs and the following are my allocations of each fund in the portfolio, which returned so far an average of 5.42% (after 2% MER deducted)

A: Saving: CIBC Money Market Fund - 10% (Cash)
B: Income:CIBC Global Monthly Income Fund - 85% (60EQ/40BND)
C: Growth: CIBC Dividend Growth Fund - 5% (100EQ)

Basically, my original contributions are kept in Income funds (B)
5% of Govt. CESG grant has been kept in Growth fund (C)
10% left in cash.

this is a conservative diversification and yet its ROI around 5%, but pointed to be noted that equity markets are at all time high and heard and observed people made 10% to 15% while doing self managed portfolios mainly using index based ETF's.

As I recently started to take control/build of my retirement portfolio and decided to self manage via QT broker by investing in Low cost index based ETFs (seems to be popular over a decade).

Now that, my RESP has returned decent amount and not sure if I transfer to QT and convert into EFTs or not...taking into consideration of kids school completion in 5 years..

will keep the forum updated once I decide to self manage the RESP and find better/conservative index ETF's...

Hope I shared enough info on this topic...


Post ID: 235058 30-05-17 12:37:41
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