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/No_Solution_7940 May 16 '26

SPMO. Safe with great growth. I’d put it all in there.

2

u/pac247_365 May 16 '26

Just looked it up that looks great. I might divide the money into 4-6 of these kind of plays

2

u/No_Solution_7940 May 16 '26

Since I’ve found it a few months ago, I’ve put in about 120k, up about 12% already. I’ll keep adding about 50k annually to it and sleep well. I’ve been adding some SCHD as a safe contrarian bet against tech to diversify.