Six years ago when we had our first son, I used to rely heavily on my investment advisor on making investment decisions.  Those days work hours were long, did not have enough time to research, hence put my faith in my investment advisor.

Now that we have just had our second son, I have more time at my disposal hence decided to research my investment options.

There are two types of RESP accounts:

• Individual: This account has only one named beneficiary
• Family: This account can have multiple beneficiaries, the reason this kind of RESP was created was to avoid paying management fees for Scholarship type RESP's

All the other benefits in the two above are similar.

Some of the blogs like http://www.milliondollarjourney.com/ and http://www.abcsofinvesting.net/ seem to mention managing your own portfolio mainly using TD e-Series funds, which does make sense.  I am still debating to go this route as I am still not that advanced investor and have recently opened RESP at BMO.  This RESP is invested in a BMO Intitution Fund Savings portfolio.

Lots more to come as I discover more.