01-Mar-2012, 11:05 AM
Did you know that "most" people who buy lottery tickets are depending on a big win as their nest egg in retirement? If you took all that lottery money they spend every month (about $50 to $100) and invest it into a quality segregated fund paying 2 to 10% a year for 25 to 35 years, they would likely have a million or more to retire on with no risk to the investment capital. And, tip No. 2. NEVER NEVER NEVER INVEST WITH A BANK!!!!!!!!!!!!!!!!!!!!!!! unless you like being both ripped off and poor. Tip No. 3 RESP's (Registered Education Savings Plans) done through group scholastic funds are total ripoffs.
Ian (daughter is a financial adviser)
Ian (daughter is a financial adviser)