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How Rob Carrick invests for his kids' RESPs

How does a personal finance columnist invest his kids’ RESP money in these uncertain times for stocks?

Very carefully, considering one son is 19 and in his second year of university and another is a 16-year-old in Grade 11. I haven’t given up entirely on growth, but I’m mainly concerned these days with preserving what my wife and I have saved, what the markets have given us and the government’s contribution through the Canada Education Savings Grant (equal to 20 per cent of the first $2,500 in contributions to a registered education savings plan per beneficiary each year to a lifetime maximum of $7,200).