Random Thoughts: Back to RESP Week

in Random Thoughts, RESP

Back to School

As you could tell the topic of back to school, and more specifically back to University was on my mind this week, with two posts about RESPs, and the situation that I have been having is not resloved yet in terms of how and where I can remove funds from my kids’ RESP accounts, stay tuned on that one.

My actual posts this week were: RESP Money to Get MoneyRESP the Old Switcheroo, RESP Withdrawals REDUX, and an interesting question about Half Price Products.  The RESP story is an interesting one and hopefully good reader you are learning from my “case study”.

With Labour Day looming on Monday, I will most likely not be doing a post on Monday, although it might be a Best of we shall see whether the muse hits me early enough in the weekend or not. I will be traveling around getting ready for the new school term, one day I will go back to enjoying the Labour Day weekend as a time of rest, but it is not likely in the next few years. As for my comments post on Saturday, again, we shall see if time permits for that as well.

My hope is that in a week or two life will get into a more formal pace, which will make it easier to work on things, but then again, it may well stay chaotic for the entire fall, I can never tell.

That was the week that was

In the blogosphere at least, here are some of the hot topics being discussed by other Personal Finance bloggers out there:

  • Michael James and the Canadian Capitalist showed that numbers are fun to play with, but aren’t the only part of the Finance answer in Fun with Numbers CC shows how you can get a little optimistic about things, whereas, Michael James posts More Realistic RRSP Contribution Expectations where he points out that numbers can be deceiving.
  • Ellen Roseman points out that Mortgage Paid off? Ask for Home Insurance discount is a good idea. Hopefully one day my house will be paid off and I will remember this helpful hint.
  • Preet points out there is a New Tool to Search Advisor Background and History however, it does not really track that many advisors, but the ones there you can read about.
  • Financial Highway points out 7 Fees the Credit Card Companies Are Getting Sneaky With, like they needed new income streams?
  • Money.Smarts brings up an interesting angle on the whole RESP issue with Relatives Battling Over RESP – Who Gets it? in my family, I do pure and simple.
  • Larry MacDonald asked an expert Where are mortgage rates headed and the expert said they look OK for now, but also hedged his statements, as well all do in this area. Best mortgage rate is the one you don’t have because you have paid your house off.
  • Nancy Zimmerman had a chance to grill Jack Layton with Live Blog: Jack Layton NDP whistlestop in Yellowknife where she even used a question I tweet’ed to her about pensions, Cool.
  • Echo at Boomer & Echo, seems to be in love with Dividend Growth Investing and he also seems to enjoy DRIPing as well, which is good to see.
  • Bible Money Matters makes the poignant statement 5 Things About Money I wish I would have Known When I was Younger, which is always lamentable, but if you learned from your mistakes that is what is important (i.e. don’t do the same mistakes over and over).

Weekly Reminders

Remember that I also micro-blog on Twitter, where you can see a whole plethora of good articles and pithy comments by me as well. Twitter feed where I re-tweet many great articles by some of my featured writers (and make the occasional odd or off colour commentary on life (in 140 characters or less)).

Also remember my RSS feed is available too, for those who enjoy reading without looking at my archaic page lay out, and I have added an RSS Comment Feed as well.

Remember that this site is iPhone Friendly (and Android & iPod Touch Friendly), enjoy it on the go, in a readable format for the device. If you are reading with an iPhone or Android device, drop me a comment and tell me if this needs any improvements. This site is also in the Kindle US Blog list, if you are interested, not available in Canada yet (because no Blogs are available in Canada on a Kindle?!?).


  • Arjun @ InvestingThesis.com September 5, 2010, 11:57 PM

    There are some great articles on that list, thanks for sharing.

  • Preet September 4, 2010, 11:58 AM

    Thanks for the mention. Wonder when a background check on bloggers will be available… 🙂

  • Echo September 3, 2010, 12:57 PM

    @ bigcajunman
    Oh really, I didn’t know that? I’m with TDW and I’ll have to check it out.

    • bigcajunman September 3, 2010, 1:05 PM

      Yup, it adds up too (but you need to be earning enough dividend to buy at least 1 share for it to actually work, as opposed to real DRIPs which will buy you partial shares).

  • Echo September 3, 2010, 11:11 AM

    Thanks for the link sir, enjoy your long weekend.

    I don’t actually have any DRIP’s set up, I just re-invest into a value priced stock once the cash has accumulated to a reasonable amount.

    • bigcajunman September 3, 2010, 12:20 PM

      You can set up “personal DRIPs” with some of the cut rate trading sites as well, where when Dividends arrive, they buy whole number portions of the stock, with not service fee (at least TD Waterhouse has this).

  • Canadian Capitalist September 3, 2010, 9:26 AM

    Thanks for the mention!

  • Money Smarts Blog September 3, 2010, 8:17 AM

    Thanks for the link. Enjoy your RESP money if you ever get it. 😉

    • bigcajunman September 3, 2010, 8:29 AM

      We live in hope, luckily I have enough credit to cover this, for now!

  • Michael James September 3, 2010, 8:33 AM

    Thanks for the mention. Don’t let Earl drown you.

  • Ray @ Financial Highway September 3, 2010, 6:43 AM

    Thanks for the mention….have a great long weekend!


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