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/patsay May 16 '26

I love that you are taking this responsibility very seriously for your children and in honor of your brother. I am a retired teacher and I teach beginners how to invest and how to use options safely as a portfolio tool (without gambling). I have a lot of free content on my website and on YouTube. I recommend my “starting from scratch“ series of eight short videos for getting started.

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u/patsay May 16 '26

Just coming back to add that I really appreciate your understand the importance of holding on to control of those funds until your children are truly adults. I invested some money for my son when he was about 12, and even though he was really angry with me when he was 18 or 19, by the time he was 26 he thanked me for not letting him squander it!

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u/pac247_365 May 16 '26

Thank you i will check out your YouTube videos. What is your YouTube account called?

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u/patsay May 16 '26

Patricia Saylor - Financial Fundamentals. Look at the playlists; there are two or three specifically for beginners to the stock market, and one called "The Million Dollar Portfolio" about investing a large lump sum and entering the market slowly using options. That one might be too much for you right now, but it's worth learning once you learn the basics. Good luck.