tag:blogger.com,1999:blog-5465015914589377788.post4042180009311935848..comments2024-02-17T11:07:06.232-05:00Comments on Michael James on Money: How My Sons InvestMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-5465015914589377788.post-40777644891814671572018-06-13T17:35:58.614-04:002018-06-13T17:35:58.614-04:00@Evan: I understand your question now. Yes, by no...@Evan: I understand your question now. Yes, by not worrying too much about getting the asset allocation exact, my sons limit the number of trades they make. <br /><br />TD e-Series is a solid choice. The costs aren't too much higher than VCN/VXC. For my own portfolio, I use US-listed ETFs in place of VXC to get costs even lower, but this only makes sense once the portfolio is sufficiently large.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-23346463677897729362018-06-11T14:14:47.293-04:002018-06-11T14:14:47.293-04:00Sorry, I read that they would be investing in chun...Sorry, I read that they would be investing in chunks of about $1500, which I thought would be $500 in the Canadian one and $1000 in the other. <br /><br />To this point I've used TD e-series for this type of investing, but am thinking of moving to ETFs.Anonymoushttps://www.blogger.com/profile/13163246027912120967noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-91305363418817239932018-06-09T23:03:46.923-04:002018-06-09T23:03:46.923-04:00@DJ: I agree: simple is good.@DJ: I agree: simple is good.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-84465082184309191542018-06-08T10:25:35.788-04:002018-06-08T10:25:35.788-04:00When we started the grand-kids RESP I used my brok...When we started the grand-kids RESP I used my brokerage which offers a basket of no commission ETF. I kept it simple 30-30-30- US, Europe and Canada. the other 10% is in a preferred fund. Simple couch potato, new money balance amounts. You can buy as few as 5 shares at a time. I just follow my original plan and it takes no planning like my other accounts. Over the last 5 years it has done better than most of our other accounts. Simple is good.DJhttps://www.blogger.com/profile/12975336898847024121noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-73283159438444369892018-06-08T00:14:06.908-04:002018-06-08T00:14:06.908-04:00@Evan: As I explained, my sons don't make any...@Evan: As I explained, my sons don't make any small purchases in the $500 to $1000 range.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-1624108513325789492018-06-08T00:13:27.228-04:002018-06-08T00:13:27.228-04:00@aB: Apparently, some of the best savers aren'...@aB: Apparently, some of the best savers aren't very good at spending when they retire. I guess that shouldn't be too surprising.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-47969471330674732602018-06-08T00:12:21.136-04:002018-06-08T00:12:21.136-04:00@Alan: I agree. I wish someone had taught me a f...@Alan: I agree. I wish someone had taught me a few things about investing when I was young.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-83035712017116220622018-06-07T17:35:16.399-04:002018-06-07T17:35:16.399-04:00What about purchase costs? If you're buying in...What about purchase costs? If you're buying in amounts of $500-$1000, even a small fee materially increases your cost of holding it.Anonymoushttps://www.blogger.com/profile/13163246027912120967noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-26874107465276883252018-06-06T10:40:13.032-04:002018-06-06T10:40:13.032-04:00One of the mentalities that helped me, was when I ...One of the mentalities that helped me, was when I read, "only invest what you are prepared to lose."<br /><br />In my head it was not to expect it to go to zero, but that it is 'gone', it is invested and now can no longer be touched. Thus in effect, gone.<br /><br />Now whether that will backfire when I do retire.. I'll deal with later.aBnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-16247351865135100302018-06-06T08:03:43.148-04:002018-06-06T08:03:43.148-04:00But the good thing is they have received some guid...But the good thing is they have received some guidance from you. I didn't really learn about investing as much as blundered my way until I figured it all out. This kind of Financial Smarts is an important lesson for all kids.Alan Whitton (Big Cajun Man)https://www.canajunfinances.com/noreply@blogger.com