Questions on RESP investing
https://imgur.com/a/hXybMyC if the pic doesn't load
CCP says the 3 year is 4.90% and it's currently exceeding that so I'm guessing this is acceptable?
I was also talking to some RBC folks for a new RRSP plan our company is starting and discussed this investment with them, according to them their "Select Aggressive Growth" outperforms my current portfolio even though the MERs are higher at 2.14%
https://www.rbcgam.com/en/ca/products/m ... 592/detail looking there, the 3yr returns are at 7.5% (and the advisor claimed this was net after the MERs were taken off).
I was thinking or 3 approaches at this point, I am not experienced in this matter but I could use advise please:
1 - Change the allocations to match Aggressive CCP approach (90% equities/10% bonds vs the 25% each atm)
2 - Move the funds to RBC, yes the MERs are higher, but so are the returns and these are actively managed so they would automatically re-balance them, he also advised that they could bundle the following funds into one portfolio, I would just need to meet an advisor every year to rebalance stuff:
rbc cdn divident
rbc qube low
rbc us index
rbc int index
rbc bond fund
3 - Move towards doing ETFs at like Questrade, I see RBC also has a robo advisor service (Invest Ease)