Truth be told, I am pretty ashamed of myself.
Even though I have done many different kinds of investments for myself and my wife, we haven’t really craft out a plan for our kids’ education funds other than buying some little stocks here and there.
Not wanting to delay it further, i set my sight on going for a regular savings plan (RSP) because i wanted a disciplined and hassle-free way to invest for my kids (i am already spending quite a lot of time analyzing my own investments).
There are many benefits of doing this versus investing in individual stocks too – which i will share below.
Benefits of Regular Savings Plans (RSP)
For starters, a Regular Savings Plan (RSP) is only half of what it sounds like (i.e. A plan for you to save regularly).
A RSP is a monthly investment plan that helps you invest your regular savings into an assorted array of investments such as ETFs or Unit Trusts....