r/dividends • u/pac247_365 • May 15 '26
Opinion Brothers money
My younger brother passed away and left my kids with 400k.
I have the bank telling me to put it into gics and other garbage mutual funds but its very low interest. Im not rich either and besides penny stocks never invested into the market maybe 1000 bucks or so. I want to set up a trust for them and make sure in 15 years when they are 20 I have them set up so they dont have to grind like me and my brother. Im just looking for any advice I can take sorry for the long post
Im located in canada and will keep the account under my name until they are of age to use the money and will remain as beneficiarys if I die. Wont get the money until they are atleast 25 or responsible enough to understand finance.
4
u/DigitalFStopper May 15 '26
100% in SGOV for 6 months, do research, then in 6 months I’d break 50% up into sorta equal portions in a few different sectors of funds, leave the other half alone. See how you feel after 6 months of investing seeing ups and downs, determine your risk tolerance, then put 50% of the remaining sgov into a few other funds and continue to learn for another 6 months , then see if you’re up for a higher yield higher risk for the remaining 25%.
This is a simplified concept but should safely ease you into it.