卖还是不卖？

[二他爸爸]

看了以前一个帖子的讨论，但是还是想问问：

我女儿再过二年就上大学了，可是从报告看她的RESP不停地缩水。现在是不是应该把fund都卖了，转成其他什么安全的投资？

重要问题：二年以内还有多大好转的可能？

多谢指教。

 

[dkwan]

I should have explain before,
Your RESP don't think will grow enough to cover the tution fee for your daugther in 2 years. I am suggesting that you keep investing whatever you were invested for the next 4or5or6 years ( 2 years before school starts, and 2or3or4 years after school starts ).

I can see if you keep investing for the same fund/stock for the next 5 years, I can see the chance of coming back.

But you might ask, what happen for the first 2 or 3 or 4 years of school? You can have your daugther to borrow money from government(OSAP) and pay no interest. Use your investment income to pay for the balance later. The worst thing is government will take back the grant portion and thats it.

So, in summary:
3 scenarios:
1) Switch your investment to low risk and keep putting money in; or
2) Keep in your same investment and keep putting money in; or
3) Stop buying RESP.

Either way, you wont have enough money to pay the tution in full. So, why not keep investing in what you have and have your daugther to borrow money. Use the invesetment income to pay for the balance after she graduated.

 

[小珊瑚]

JMHO

看了以前一个帖子的讨论，但是还是想问问：

我女儿再过二年就上大学了，可是从报告看她的RESP不停地缩水。现在是不是应该把fund都卖了，转成其他什么安全的投资？


Depends on what kind of fund in your RESP?

重要问题：二年以内还有多大好转的可能？


Nobody knows for sure. If you fill uncertain, you could sell it at market rebounce.

多谢指教。

 

[laotou]

RESP

RESP


We bought some RESP from the Heritage fundation Inc. that was mature in July, 2008. I have retrived the principal that is less than what we invested. Because the investing market is not good now, I'd like to stop investing and just keep the balance as it was for my child's university expenses. However, the company told me I cannot decide that and the company has to put it in the investing market regardless of my willing. They will strat to pay the part of it for my child's tuition from her second academic year until her fourth year, but the amount they can pay will depend on the calculation of the payment year, meaning if it is completely lost in the market, we cannot get anything. I have bought RESP for more than 10 years in this company. I don't understand why clients cannot decide how mature RESP is used. Does anybody have this experirence? please give me some suggestion. Thanks

 

[Icewomen]

We have bought resp for eight years from TD since moved to Canada. We first withdrawed $5000 last year for my son's first year tuition fee. Now, I just took all the rest of money off and closed that account because of poor investing market. I didn't get any problems with that, it seems all up to you, you can do whatever you want.

 

[ccc]

You can decide what to do with your own share in the RESP account, but not the grant portion from the government.

 

[laotou]

RESP

Thanks guys!

The heritage company seems different from banks. They don't care about clients' will. If I knew they run RESP this way, I would not have bought RESP from this company.

 

[lulu39]

Thanks guys!

The heritage company seems different from banks. They don't care about clients' will. If I knew they run RESP this way, I would not have bought RESP from this company.

Of course! It's absolutely different!

The Heritage sells Group Plan。Under this plan, you cannot choose investment products yourself.

In banks, you need to choose investment products yourself.

 

[Teddy]

I cut "my flesh" in the middle of October and lost a few thousands. But, it was still a good decision as I see the current situation getting worse and worse.

Personally I don't think the mutual funds can come back anyhow in the coming two years...

看了以前一个帖子的讨论，但是还是想问问：

我女儿再过二年就上大学了，可是从报告看她的RESP不停地缩水。现在是不是应该把fund都卖了，转成其他什么安全的投资？

重要问题：二年以内还有多大好转的可能？

多谢指教。

 

[风 雨]

No one (human-being) can predict the market with 100% accuracy.

Historically a "recession" takes 2+ years to recover and a "depression" could take 15+ years.

Personally I don't think the mutual funds can come back anyhow in the coming two years...

 

[挺傻]

No one (human-being) can predict the market with 100% accuracy.

You are right. However you have to make decision based on your individual situation and your understanding of the market.

 

[挺傻]

看了以前一个帖子的讨论，但是还是想问问：

我女儿再过二年就上大学了，可是从报告看她的RESP不停地缩水。现在是不是应该把fund都卖了，转成其他什么安全的投资？

重要问题：二年以内还有多大好转的可能？

多谢指教。

如果你女儿上大学需要挺大程度上靠取出的RESP的话，起码要卖掉一部分。任何投资回报高低并不是最重要的，最重要的是你需要觉得COMFORTABLE。如果觉得不够安心，就把风险/上下变化的幅度控制在你安心的范围内。

 

[Teddy]

Based on the suggestion from financial advisors ...

(Watched a financial interview on TV this morning regarding yesterday's stock situations...)

The timing to pull your money out of investments is:

1. You need the money in 2 years; or,
2. You can't sleep with it...

 

[ccc]

(Watched a financial interview on TV this morning regarding yesterday's stock situations...)

The timing to pull your money out of investments is:

1. You need the money in 2 years; or,
2. You can't sleep with it...

It should read: You can't sleep without it.