Wednesday, January 28, 2009

Investment Vehicles in Canada

I'm currently most interested in RESP. As we know, RESP is an education saving plan. This is a plan on saving for children education after high school. It brings some guarantee for lessening the education expense barrier with the help from Canada government. The parents who registered the RESP are subscribers, and their children who will use the money are called beneficiaries.
There are four reasons that I want to invest some money in RESP.
At first, I don't have a statisfied job at present, I don't have a lots of money to invest. For RESP, a subscriber can invest any amount of money that he wants, no matter how much it is.
Second, I lost a lot of money in Torontor Venture Index Market. I have to study more to learn to how to be a successful invester in Equities, Commodities. I am not confidence on these invest fields at present.
Third, Canada government will help any subscriber with special saving incentives that are only available if he have an RESP, including the Canada Education Savings Grant and the Canada Learning Bond.

Anyway, to put money in RESP is a wise way to invest for the children future. We should start it as soon as possible.

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