Hello,
I have collected several stastics and I would like to know which RESP group company is better
Based on the annual report of 2002~3 of following company, following are the return given in the year 2003 to the university students against their unit purchase and investment.

USC => $ 532/ 1st year Year
TSC => $ 467 /year
Childern Education => $ 715/1st year
Heritage => $ 497/year

I am confused because I invest money today and I don't know after 15~20 year how good that company's investment decisions are going to be?
May be management takes poor investment decision, money will be reduced?
As this are known as trust no profit company, still they can drain money by paying hefty bonus to management and earn money as most of this company major owned by 5~6 board of director (Who are going to be in the list till their life)

I am also not interested to go to bank and do it as for that you need lots of investment experience and continous eyes on investment.

1) Is there some one can highlight on which company is more reliable and better for RESP
2) Which way is better to buy - lock in for next 15 year and pay fix amount per year /month or 100% buy out unit once at a time till law permit.

There is no specific test to analyze any fund or financial company. Everybody has his own perceptions, thinking, goals and objectives, risk averness, growth prospects etc. Similaryly every fund or financial company has different financial strategy, objectives, market segment, types of securities, etc.
Just by looking on the return, you can judge which company is good. There are following factors that are to be analyzed:

1. Management of the fund
2. Nature of financial corporation - professional, commercial, not for profit etc
3. Strategies
4. Market presence
5. Size of the company
6. Paster Performance
7. Legal and law suits history
8. Repayment procedures
9. Types of securities held by the fund or corporation
10. International or domestic
11. Market and Industry Trends
12. Future of the company (projections)
13. future market trends in view of company or fund projections. Does they match with industry projections or not. etc

So considering so many factors to affect the performance, you may not precisely work out where to go.

The best way is to take the prospectus of the companies and read it carefully to find out the strengths and weakness of all and then make a chart of them to make your decision

Or contact any professional to help in understanding the issue and handle it.

I would be difficult to put analysis of funds listed in your post on this site. The best way will be to either contact me or any professional who would like to.

Thanks

i will say heritage
coz they r the oldest

Good topic...
Can some one guide more specifically, I am also thinking to invest in RESPs
I first thought I will approach my banker. Do they really provide personal attention to our needs ?

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Orginally posted by naudurivsm

Good topic...
Can some one guide more specifically, I am also thinking to invest in RESPs
I first thought I will approach my banker. Do they really provide personal attention to our needs ?

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

IMHO.....if you trust and believe in your personal banker.....just go there.....private co. charge huge fees.....although they are refundable if your child does attend the college/university......but incase he/she won't....the fees that you paid are non-refundable....banks do charge fees but very negligible and are always non-refundable

moreover depending on the present age of your child.....if investment time horizon is > or = 10 years.....any bank's growth M fund should be OK to invest.....again this is just a suggestion....not an advise.....please keep in mind your own objective and the fact that investment in M Funds is subject to capital losses as well....

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Let's help each other to grow & prosper in Canada

Ok, let me be some more specific, Ages my kids are
older one is 10yrs and younger is 9 yrs then,
which one should I go for MFs or RESPs?.