I am sick and tired of my portfolio being depleted by fees from my fund management company. I have decided to look into a self directed RRSP, TFSA, and RESP. I have a couple questions that I apologize if they are answered a million times over in the forum, my brief look didn't uncover them.
1. How can I tell what ETF's are RRSP eligible?
2. Why would I choose a CAD hedged fund over a non hedged fund? (S&P 500 for instance)
3. Are ETF's and RESP for my children compatible?
Basically I am not sure if I am on the right track or not here. I have only spent a couple days looking into this new world of self directed investing. My thoughts are I would open an account with someone like RBC direct Investing and self direct. I would buy into something like Vanguard CAD hedged S&P (SYMBOL VSP) minimally and familiarize myself with the processes. Eventually I would like to fire my families financial advisor and firm and manage my current portfolios myself. Sound like I'm moving forward correctly? Please be easy on me...