So one of your ancestors invested $1 in the market in year 1800...
Is this even possible? Logistically how would someone even invest $1 in "the market" in 1800? There were no index funds, so would they have to buy a portion of every single company on the market at that time? And if they did that, how many of those companies are still in existence today? I think GE was one of the original companies, but what would be the value of the investment if 99.9% of the companies went under years ago?
Second, let's say an index fund DID exist back then, and you have the paperwork to prove your ancestor invested in it. Who is obliged to "pay out" - the firm that issued the index (such as Vanguard)? If they don't exist then once again you're SOL?
More seriously - I'd like to invest a lump sum for my kids that will not be touched for 50 years. I want to completely forget about it for the entire time, but guarantee it will still be there (barring any catastrophic changes to the market). Kind of like giving them an envelope with a "do not open until year 2067" on it, with a certificate inside they can easily cash out. So no Vanguard or TD funds as I'm not confident Vanguard or TD will still be around in 50 years.
Does anything like this exist? Maybe a Canada savings bond?