As part of some spring cleaning in our boys’ RESP a few years ago, I cleared out most of the exposure to the stock market.
The last stock standing: BCE Inc. With its fat dividend yield, BCE is a keeper for now.
A heavy weighting of stocks in a registered education savings plan is appropriate when your kids are babies and in grade school. With one son in university and another finishing Grade 11, we can’t afford much stock market risk. The BCE shares in the RESP have almost doubled from what I paid back in 2009, but I’m not fooling myself that they’re in any way a safe thing to hold. If interest rates squirt higher, this slow-growing blue chip could fall in price.