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Justify why someone may be better off investing their money in an RESP instead of a...

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Finance

Justify why someone may be better off investing their money inan RESP instead of a GIC or savings account.

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Investing Exchange brings couples together with financial advisers in an exchange of opinion over saving and investment strategies In this exchange we meet a Toronto couple who want to set up an education savings plan for their newborn son But while Lisa wants to guarantee they dont lose money Chris wants to increase their childs savings as much as possible through higheryielding but potentially riskier investments When it came to setting up a Registered Education Savings Plan RESP for our newborn son Nathan my husband Chris and I were on the same page We knew that education was the most important gift we could give our son to set him on the path to success in life We made an    See Answer
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Justify why someone may be better off investing their money inan RESP instead of a GIC or savings account.

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