Which is the best place to start RESP ?

[macwhitby]

If you suggest a place, kindly justify why its different from others. What is the best way of investments in RESP like GIC, bond, stock, mutual fund etc...
Thanks in advance.....

 

[pie_vancouver]

These providers can explain it to you clearly, try contacting them, start with your own bank.

https://www.canada.ca/en/employment-social-development/services/student-financial-aid/education-savings/resp/resp-promoters-list.html

My kid has RESP with CST.

 

[Investocrat]

Your question is a multi-faceted one depending on many factors: are you trying to maximize your returns by lowering investment fees, are you comfortable with a DIY or semi-DIY approach to investing, are you expecting to get additional CESG/Canada Learning Bond, etc. If you want to just go with a simple solution and the least involvement from your end, your best option is to go with RESP mutual fund solutions as offered by most financial institutions in Canada. You will need to book an appointment with an advisor who will go over your investment time horizon, risk tolerance, etc. to get an idea of your risk profile and what portfolios work best for you.

Other alternatives for minimizing investing fees, etc. are available, but like I said, its up to you to decide what you are comfortable with. Examples of these options are through the use of Index funds and ETFs. You can read more in the links below:

https://www.savvynewcanadians.com/a-sample-td-e-series-resp-portfolio/

https://www.savvynewcanadians.com/sample-td-e-series-portfolio-updated-2018/

https://www.savvynewcanadians.com/resp-101-understanding-the-resp/

If you suggest a place, kindly justify why its different from others. What is the best way of investments in RESP like GIC, bond, stock, mutual fund etc...
Thanks in advance.....