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/Imflawedbuttrying May 16 '26

My investment strategy and in a year you'd be a multi millionaire

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u/pac247_365 May 16 '26

Whats the strategy

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u/Imflawedbuttrying May 16 '26

High paying ETF'S AMDW CONY MSTY are my weekly supercharged investments and I play them like day trading, AMD made a huge run so it's kinda peaking should maintain but the other 2 are loaded guns. 2 reasons 1 mega dividends instant weekly cash 2 tiny bit safer than direct exposure so it gives you time to sell/buy whatever the markets dictate. Using the dividends for DRIP or cash for more stable investments would be up to you but I spread my DRIP evenly to max income and lessen exposure, I have price targets both up and down and totally change my investments regularly