Quotation of the Day

Tuesday, November 06, 2007

RESP and stock ideas: starting with J&J to send my kid to Harvard!

I am trying a different approach for my son's self-directed RESP (not setup yet but I'll see if I can transfer stocks to it instead of cash) ... I will buy a basket of defensive stocks over time that I hope will produce good returns without having to incur any MER. My first pick is Johnson and Johnson which I've read a lot about. They are diversified in a lot of businesses that are less exposed to economic downturns (people will always buy baby shampoo!). I made my first buy today given the high Canadian dollar using a gift from the great grand father! On less 'objective' note, I like the idea of having a specific stock associated to a given gift (that's really not material for an investing book:-)




Usual disclaimer: this is not stock picking advice ...Do your own research :-)

1 comments:

Shar2pbe said...

Nice blog, I also wrote about J&J here:
http://sharp2be.blogspot.com/2007/11/stocks-displaying-strenght.html
looks good.

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