Couch Potato RESP
So I started an RESP for my 2 kids back at the end of 2013. I am with Scotia Bank originally went with the Scotia Canadian Dividend Fund for over a year and made good returns. I read up on the Canadian Couch Potato strategy and it kind of made sense so I sold all my funds and bought the Canadian, US and International Index. I am investing 100% in equities as the kids are 3 and 1.5 years old and therefore have a lot of time. Can someone help me on what percentage I should keep the balance at. As of now looking at current value of my RESP it looks like this;
Canadian Index Fund 33.7%
US Index Fund 47.0%
International Index 19.4%
I am about to put some money into the account and just want to know what percentage should I try to keep it at. Also is it better doing lump sum payments or monthly? Should I be selling the funds so that it turns to cash and then re-invest or just keep it at the same while adding new money. Currently I have lost money when comparing Avg Cost/Share to Current Cost/Share.
Canadian Index Fund 33.7%
US Index Fund 47.0%
International Index 19.4%
I am about to put some money into the account and just want to know what percentage should I try to keep it at. Also is it better doing lump sum payments or monthly? Should I be selling the funds so that it turns to cash and then re-invest or just keep it at the same while adding new money. Currently I have lost money when comparing Avg Cost/Share to Current Cost/Share.