What do you think is the best strategy for RESP's? We have a family RESP plan (two kids under 3) currently with our Adviser, and I plan to move it out and invest ourselves. From books and reading online, I think the two best options would be TD e-series index funds, or Questrade ETFs. We are already saving the $416 per month in a high interest savings account. With our Adviser, we would usually give him a lump sum once a year, but we could conceivably invest monthly. The issue is with managing all of our other accounts, I would like to keep this one simple.
It is my understanding that with the TD e-series funds, I could set up a pre-authorized monthly withdrawal that would automatically top up each account. Is that right? And the CESG would get deposited in a money market account and I could use it to balance my allocations? How much paperwork does this require? I've also read that setting up the TD e-series fund for RESP's can be a PITA. The two main options I read about are to open a TD mutual fund account and convert to a e-series RESP, or open a TD Direct Investing account and open an RESP from there. Does anyone have experience with either of these options? Is getting the CESG just as easy with either option?
I think a Questrade ETF account could work as well, but it would be more work to manage as I would have to do the trades myself. I suppose I could do them quarterly instead of monthly to save a bit of work. Not sure how the CESG works with Questrade. Anyone with any experience?