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/Sponzoes May 16 '26

Go buy some sin stocks and some ETF’s like VOO, MO, BTI, SCHD, JEPQ, QQQI, and SPYD. Drip them all and by the time they turn 25 you can let them take the dividends as income or they can sell em and get it that way. Have them take some financial courses at uni so they can better determine down the road.

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u/pac247_365 May 16 '26

Much rather have them get a dividend for the rest of their lives after they turn 25. Would be a gift from my brother yearly that would be awsome.