Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

Rathji · 12-31-2007, 09:54 AM

you have to pay like 200 bucks per "unit" as a fee that is taken from your initial payments of 10 bucks a "unit" so for the first couple years a good portion of your payments are not collecting interest but going into their account. Then they claim that they are giving you your fee back in 20 years after collecting all the interest on it.

If i can get an RESP that doesnt feel like getting robbed at gunpoint, then I am all for it. I would rather pay a returns fee on the tail end that is a % of what the fund has earned me, even if it turns out to be the same amount or more, instead of paying the fee upfront and lose 100% of my investment if I cant make payments for a year or 2 due to me trying to raise a family and go to school at the same time.

12-31-2007, 09:54 AM	#9
Rathji Franchise Player Join Date: Nov 2006 Location: Supporting Urban Sprawl Exp:	you have to pay like 200 bucks per "unit" as a fee that is taken from your initial payments of 10 bucks a "unit" so for the first couple years a good portion of your payments are not collecting interest but going into their account. Then they claim that they are giving you your fee back in 20 years after collecting all the interest on it. If i can get an RESP that doesnt feel like getting robbed at gunpoint, then I am all for it. I would rather pay a returns fee on the tail end that is a % of what the fund has earned me, even if it turns out to be the same amount or more, instead of paying the fee upfront and lose 100% of my investment if I cant make payments for a year or 2 due to me trying to raise a family and go to school at the same time. __________________ "Wake up, Luigi! The only time plumbers sleep on the job is when we're working by the hour." Last edited by Rathji; 12-31-2007 at 09:58 AM.