Sunday, July 17, 2005

What, me invest in stocks? (Who you callin' a drip)


Lil' Guy Raisin' Hell
Originally uploaded by Josh Kerbel.
Yes, you lil'guy!

We are starting to build a DRIP (dividend reinvestement portfolio) for you so you will have a little stash for when you finish university and you want to actually do something with your youth, other than waste it working - there will be plenty of time for work.

This is in addition to your RESP and the little gift that your great grandfather has given you.

Our biggest challenge will be how do deal with currency fluctuations and investing in the US market.

One of the criteria we will be looking (all,right I will be looking) at is that a company will let you enroll in a DRIP with a single share and also allow the purchase of fractional shares

Once you are a little bit older, you will start managing this little portfolio on your own.

4 Comments:

Blogger Josh Kerbel said...

A little bit more on this portfolio building exercise.

- unfortunately, this investment has to do be done outside of the RESP - so the tax shelter benefit is lost
- As a result of this, we are going to limit our initial purchases of stock to under $1000 US per year. While yes, the US dollar could tank, I can't see it becoming worth nothing by the time Lil' Guy is finished university

7:53 PM  
Blogger Josh Kerbel said...

will probably be making great use of www.firstshare.com

8:57 PM  
Anonymous Anonymous said...

What's the admin fee generally?

Another secret of the investment industry no one tells the general public! Thanks for sharing.

9:29 AM  
Blogger Josh Kerbel said...

The admin fees arent killers, not sure on the specifics. There are plenty of free resources out there and some that will cost you a few bucks

9:37 AM  

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