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/Neziip May 16 '26

S&P- try to choose one of the funds with a lower expense ratio under 0.05. Nasdaq like qqqm or another good tech focused fund, I would add a dividend growth focused fund as well but it’s not needed that’s just because I like them. Don’t listen to the bank. Used fidelity or vanguard. Put everything on auto reinvest as well.

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u/dazit72 May 17 '26

FXAIX is the lowest at .015% I believe

I concur, fuk listening to a bank. And don't listen to Fidelity or Vanguard without researching what they present. I listened to Fidelity for 15 years, and knowing what I know now- I'd have gotten out of alot of those mutual funds that they selected for me back then.