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sask govt has a major fault in my opinion

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  • Hopperbin
    Senior Member
    • Dec 2007
    • 6562

    sask govt has a major fault in my opinion

    Self directed resp accounts get 20 percent of principal fundi g by the govt of canada. There is also a 10 percent funding from sask govt. Only if you invest in a bank account or mutual fund. Not avail if you have a self directed resp. Yep my vote is first decided on this issue.
  • Oliver88
    Senior Member
    • Dec 2012
    • 4688

    #2
    I take it you want to buy stocks through your self directed RESP account?

    Can you buy any stocks or does it have to be funds only?

    Comment

    • Hopperbin
      Senior Member
      • Dec 2007
      • 6562

      #3
      Sask will top up 10 percent of resp acxounts that only invest in mutual funds or bank accounts. .self directed investment accounts are sol

      Comment

      • Hopperbin
        Senior Member
        • Dec 2007
        • 6562

        #4
        Can buy any stocks. But I am not into mutuals any more cause still waiting on my 10 year old fu ds to surpass what I origionally put there. I can kill if cornered. Anyone managing my accounts Is open game.

        Comment

        • Hopperbin
          Senior Member
          • Dec 2007
          • 6562

          #5
          Mutuals give 3 percent per year of principal to the fu d managers. Most times acter the origional showing they crash. And not only that they faulsly advertise higher rates of return on accounts that you have.

          Comment

          • farmaholic
            Senior Member
            • Sep 2010
            • 17482

            #6
            MUTUAL FUNDS ARE A ****ING JOKE!!!!!

            Comment

            • Hopperbin
              Senior Member
              • Dec 2007
              • 6562

              #7
              So why the f#$@k dont the province give the same 10 percent to self directed accounts?????

              Comment

              • Hopperbin
                Senior Member
                • Dec 2007
                • 6562

                #8
                As they do to mutual resps

                Comment

                • Oliver88
                  Senior Member
                  • Dec 2012
                  • 4688

                  #9
                  Hopper email your local MLA, education minister, premier, etc.
                  IMO, They might not even be aware of those details.

                  Comment

                  • Hopperbin
                    Senior Member
                    • Dec 2007
                    • 6562

                    #10
                    I wll demand 5,000 in back pay. How to stay calm???? Those mutuals should be worth 20, 000 more today.

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