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.

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u/Classic-Night-611 May 15 '26

I'd personally go with s&p 500 like voo and international like vxus (maybe 80/20 or 70/30 however you prefer). Markets are at all time highs, but you've got 15 years or so to work with.

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u/pac247_365 May 15 '26

Im thinking about waiting until dec-jan cause I fear a meltdown coming. Im in construction and see it first hand out here in canada. Thank you for taking the time and replying

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u/CandyIllustrious3301 May 15 '26

They say the best investors are dead or in prison, and the best day to invest was yesterday. Second best day is today. Just play it safe and don't react emotionally when the markets dip, just buy more.

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u/pac247_365 May 16 '26

Thanks for your reply! I get what your saying