Quote:
Originally Posted by albertGQ
Hey guys. So I had a buddy from CST Plan (Canadian Scholorship Trust) come over last night and he did his spiel. Although I do know a little bit about RESPs, I'm not familiar with CST and their investment strategy. Has anyone dealt with CST before? Anyone want to give me input/advise about going this route?
Thanks again
|
CST is one of the plans I was refering to in my previous post.
Note: I talked with a couple companies, so this info may not be related to CST in particular, but both of the plans were pretty much the same.
Once you realize that their promise to give back your commision is really a ruse (since they gain 20+ years of interest on it before they give it back) and that if you miss a payment you forfiet all money that you have put into the fund, you realize that the little extras they toss in are really useless.
Get a real RESP and you will realize that paying 10 bucks a 'share' in commision to buy into CST is just throwing money down the toilet. Not to mention the security of knowing that if in 10 years you break your neck and cant work, you dont need to keep making your payments for there to be something left in the fund.
Slava is who I used.