Planning to invest for child's education fund but recent market drops have us confused. We've never invested before and are clueless. How can we make the best of our limited funds during these strange times?
We are planning on creating an education investment fund for our infant daughter, we'd like any money accrued to be available to her in about 18 years or so. We made an appointment with our bank (RBC) but I didn't have her birth certificate with me so they rebooked us for May. Now as we await our next appointment we are watching the news every night so my question is, do we carry on as normal? Has the game changed? We are in our early thirties and just learning about investing, so we are also thinking about investing for our own retirement soon too.
We have $2000 set aside to invest for her. I don't know if this is relevant but we have 160,000 left on our mortgage, 3 years left on the car payment. We aren't wealthy but we get by fine, we can put away $1500/mo in savings. That said, if a full-blown recession hits my husband's job isn't very recession-proof and I'm just on mat leave (EI) and not planning on returning to full-time work until kids are in elementary school.
Posted Apr 8, 2025, 9:21 PM UTC