This is a useful guide. It's what I plan to follow at least.
http://www.moneysense.ca/columns/tak...sk-in-an-resp/
This is a useful guide. It's what I plan to follow at least.
http://www.moneysense.ca/columns/tak...sk-in-an-resp/
January 2017 update
Commentary
January carried on the consecutive win-streak to seven months, as the portfolio was up 0.28%.
The month also saw a $500 deposit that was used to rebalance the portfolio, and pushed the account over five-digits/$10,000.
Toward the end of the month, the total asset gains were over $1,000, and were greater than the total CESGs received.
However, the past couple of days saw most of the month's gains evaporate, lowering the total asset gains to just shy of $900.
Monthly results
The portfolio this month: up 0.28% or $29.06
Complete RESP results
The portfolio since inception (April 2015): up 9.31% or $884.57
If I count the Canada Education Savings Grant [CESG] funds as an investment gain, the portfolio is: up 22.17% or $1,884.57
How much money is the RESP making each year based on my deposits and growth (aka the annualized money-weighted rate of return since inception): 7.91%
How much money is the RESP making each year if I ignore the size of new deposits and treat them all equally (aka the annualized time-weighted rate of return since inception): 4.87%
The annual cost of the portfolio (i.e, the combined, embedded ETF management fee) is 0.24%, or $24.68
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RESP_20170131.png
Last edited by BoringInvestor; 2017-02-01 at 10:42 AM.
February 2017 update
Commentary
February was the 4th best month since the RESP started, and saw the positive gain streak stretch to eight months.
The account was up 3.93%.
For the first time the investment gain in the account surpassed the amount of CESG received ($1,293 vs $1,000).
Monthly results
The portfolio this month: up 3.93% or $408.42
Complete RESP results
The portfolio since inception (April 2015) is: up 13.61% or $1,292.99
If I count the Canada Education Savings Grant [CESG] funds as an investment gain, the portfolio is: up 26.98% or $2,292.99
How much money is the RESP making each year based on my deposits and growth (aka the annualized money-weighted rate of return since inception): 10.75%
How much money is the RESP making each year if I ignore the size of new deposits and treat them all equally (aka the annualized time-weighted rate of return since inception): 6.83%
The annual cost of the portfolio (i.e, the combined, embedded ETF management fee) is 0.24%, or $25.77
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RESP_20170228.png
March 2017 update
Commentary
March marks the 24 month anniversary of the portfolio.
Over the month there was a deposit and rebalance, and the overall balance of the portfolio pushed deeper into 5-figure territory.
Monthly results
The portfolio this month: up 0.89% or $118.23
Complete RESP results
The portfolio since inception (April 2015) is: up 11.76% or $1,411.22
If I count the Canada Education Savings Grant [CESG] funds as an investment gain, the portfolio is: up 21.92% or $2,411.22
How much money is the RESP making each year based on my deposits and growth (aka the annualized money-weighted rate of return since inception): 11.76%
How much money is the RESP making each year if I ignore the size of new deposits and treat them all equally (aka the annualized time-weighted rate of return since inception): 7.20%
The annual cost of the portfolio (i.e, the combined, embedded ETF management fee) is 0.24%, or $31.84
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RESP_20170331.png
Last edited by BoringInvestor; 2017-06-01 at 11:47 AM.
April 2017 update
Commentary
April was the sixth best month on a percentage basis, and set a new record for the highest dollar gain at nearly $500.
The RESP received the Canada Education Savings Grant which boosted the overall value by $500. Our family also qualified for, and the RESP received, another $50 in additional CESG funds.
I don't expect we'll qualify for the additional CESG in future years, so our CESG cap moving forward should be $500.
Monthly results
The portfolio this month: up 3.58% or $499.63
Complete RESP results
The portfolio since inception (April 2015) is: up 15.23% or $1,910.85
If I count the Canada Education Savings Grant [CESG] funds as an investment gain, the portfolio is: up 31.46% or $3,460.85
How much money is the RESP making each year based on my deposits and growth (aka the annualized money-weighted rate of return since inception): 13.60%
How much money is the RESP making each year if I ignore the size of new deposits and treat them all equally (aka the annualized time-weighted rate of return since inception): 8.83%
The annual cost of the portfolio (i.e, the combined, embedded ETF management fee) is 0.24%, or $33.10
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RESP_20170430.png
Last edited by BoringInvestor; 2017-06-01 at 11:47 AM.
May 2017 update
Commentary
May was the 11th positive month in a row, with a slightly below average return of 0.42%.
Monthly results
The portfolio this month: up 0.42% or $60.88
Complete RESP results
The portfolio since inception (April 2015) is: up 15.71% or $1,9,71.73
If I count the Canada Education Savings Grant [CESG] funds as an investment gain, the portfolio is: up 32.02% or $3,521.73
How much money is the RESP making each year based on my deposits and growth (aka the annualized money-weighted rate of return since inception): 12.95%
How much money is the RESP making each year if I ignore the size of new deposits and treat them all equally (aka the annualized time-weighted rate of return since inception): 8.67%
The annual cost of the portfolio (i.e, the combined, embedded ETF management fee) is 0.24%, or $33.32
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RESP_20170531.png
Last edited by BoringInvestor; 2017-06-01 at 12:31 PM.