RESP: Canada Learning Bond
The Canada Learning Bond is an important part of the RESP. Low income families can still take advantage of the RESP even if they cannot deposit any money.
The Locked In Factor
Feeling locked in isn’t just a tech problem—it happens in finance too. In this post, I reflect on how I ended up financially locked in by sticking with familiar but underperforming investment products like mutual funds in my kids’ RESP. Despite better options like ETFs being available, I stayed put out of habit, convenience, or the illusion of safety.
Inspired by the concept of technological lock-in, I realized this mindset also affects our financial decisions. We often cling to what we know, even when better alternatives exist. The key takeaway? Regularly re-evaluate your financial choices. Just because something worked before doesn’t mean it’s still your best option.
Keywords: locked in, financial decision-making, RESP, mutual funds vs ETFs, investment strategy, financial planning, Canadian finance
Registered Education Savings Plans The Saga
Written in 2010 back when I had at least 2 children in University, and removing moving from their Registered Education Savings Plan. Since 2010 I have learned a great deal more about RESPs and how… Read More »Registered Education Savings Plans The Saga
Investor Profiles
Investor profiles for Mutual Fund accounts, are to protect the Bank or Financial Institution, not to help you in any way.
Here Comes 2011
With the new year (2011) coming soon what can you do for the new years coming very soon. What still needs to be done.
