RESP : Self Directed vs MF based

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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 Vancouver’s 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.

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

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Fido
Member since: Aug 06

Posts: 5286
Location: Canada
Post ID: #PID

Posted on: 20-12-16 18:10:13

(Any post appearing above this is an ad )

Folks,

Which of the 2 options is better - self directed via I Trade / Questrade or TD E Series

OR

Going for a Bank MF such as RBC 2025 / 2030 etc.

I understand that the 1st option is more for fin savvy people but generally speaking, is that a difficult way to go ? What are the challenges therein ?

Out of self directed ones viz Scotia I Trade , TD E Series and Quest trade , which is the best with regards to fees obviously and ease of use ?

Please advise - I wish to stay away from other than the Banks.

Amongst the Bank MF s any recommendations , most welcome.

Thanks.

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Fido.

Full House
Member since: Oct 12

Posts: 2677
Location:
Post ID: #PID

Posted on: 21-12-16 01:13:07

Thanks FIDO for an AD that might be worth discussing, if people are interested in wanting to know more on this subject matter.

But the AD by itself looks to be 10 years old and the links lead to nowhere.

RESP. is a saving made by the Parents for their children's Education and every financial institution seems to be promoting around this time of the year. Hope some one who is thinking of this kind of investment and is contemplating to avail such investment funds should get to know and also find out the PROS and CONS of such investing and other/alternate usage of such an invested amount also.

It will be well worth knowing more about it and will also lead to other types of investments that one can make to make some financial gains.

Good Luck.

FH.

Full House
Member since: Oct 12

Posts: 2677
Location:
Post ID: #PID

Posted on: 21-12-16 01:13:08

Duplicate.
FH.

rajcanada
Member since: Jul 03

Posts: 2713
Location: Kitchener, ON
Post ID: #PID

Posted on: 23-12-16 07:06:04

Fido, both options you have mentioned are mutual funds. It is just that RBC 2025 is a bigger collection of mutual funds like RBC Bond Fund, RBC Equity Fund, etc. If you invested in RBC 2025 (RBF595) via Questrade, their fee is $9.95. Looks like RBC Direct allows you to buy mutual funds without any fee, so for mutual funds like RBC 2025 it will be a better option.

Edit: I assumed you are talking only about mutual funds. You can hold individual stocks, ETFs, etc. as well when you use a platform like Questrade.

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Fido
Member since: Aug 06

Posts: 5286
Location: Canada
Post ID: #PID

Posted on: 23-12-16 10:47:52

Hi Raj,

Thanks a lot for your inputs. I am still very fuzzy but with others help and a bit of a research, I hope to get sailing.

I knew RBC2025 was a MF but thought it was exclusive to RBC. Appears it can be got through Questrade also - is my understanding correct that when brought through QT, the fee is less.

Upon jogging my memory I recollect that MFs can be traded as well and are priced at their current price for eg a close ended MF due in 2025, can be brought in 2010, 2014 & 2020 also.

Since QT gives us the option of trading in MFs / ETF s etc. , is it a better option that going for Scotia/ RBC or TDs similar direct trade services - from a point of view of fees and convenience(user friendliness etc) ?

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Fido.

sguk
Member since: Mar 09

Posts: 327
Location:
Post ID: #PID

Posted on: 23-12-16 13:15:39

self directed is the best. all those of EFT/MF do is hide a lot of risks. Anyways ... many of them don't do well. Instead buy your own stocks. Wait for the market to pull back. Too high at the moment. Looks like market is in love with Trump.

Quote:
Originally posted by Fido

(Any post appearing above this is an ad )

Folks,

Which of the 2 options is better - self directed via I Trade / Questrade or TD E Series

OR

Going for a Bank MF such as RBC 2025 / 2030 etc.

I understand that the 1st option is more for fin savvy people but generally speaking, is that a difficult way to go ? What are the challenges therein ?

Out of self directed ones viz Scotia I Trade , TD E Series and Quest trade , which is the best with regards to fees obviously and ease of use ?

Please advise - I wish to stay away from other than the Banks.

Amongst the Bank MF s any recommendations , most welcome.

Thanks.

Fido
Member since: Aug 06

Posts: 5286
Location: Canada
Post ID: #PID

Posted on: 23-12-16 16:16:46

Thanks Appreciated.

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Fido.

Contributors: Fido(4) Full House(2) mkannuri(1) rajcanada(1) sguk(1) Shinda(1) Confused_Canadian(1)

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