u/stephenedit

Unit Trust vs Endowment for daughters Education fund

Hey guys.

My daughter was born a few weeks ago and I am looking to start a putting money away each month for her schooling and education.

I have already opened her a bank account and maxed out her TFSA.

I am assuming that I won’t need the money until at least 5 - 10 years time.

What are the benefits of each? And any recommendations of which company I should use? I don’t really want to leave the money in a MoneyMarket if I can get better returns somewhere else.

I already have my own investments on EasyEquities, but I want to keep these savings separate.

Any advice would be greatly appreciated here.

Cheers!

reddit.com
u/stephenedit — 1 day ago