Q: On behalf of my kids I am about to begin to drawn down some RESP funds. My goal is to keep some invested but move to less volatile/risky investments. As part of that I want to keep 1-2 years worth of draw down as 'near cash' but in an interest bearing instrument within the self directed RESP. What are some suggestions that maximize the cash generated but minimize the volatility?
5i Research Answer:
We would suggest a high interest ETF such as PSA or CASH.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in PSA.