2 Questions: RRSP / Life Insurance

[tiger_handheld]

1) I currently have a $600 RRSP GIC from Royal Bank. It matures sometime in Jan 09. I dont want to move the money to another institution because, one, i will lose on the transfer out fees , and two, i would not qualify for my multi product rebate. I also own a Direct investing account with RBC DI. What would be the best option for me. I like this money in an aggressive growth mutual fund or etf. i can buy the etf via RBC DI. Please dont tell me to go to TD E-funds , i will not change brokers just for 1 fund. so my bottom line question is what is a good mutual fund that i can stick $600 and call it a day , and over the years next 44 watch it grow to about 800-1000, or more?


2) The pap's is considering getting life insurance. We currently deal with a broker from Sunlife , but before we go to him can someone explain what the following means and the pro's and con's of each:
Term , Perm, and Universal

Just some b/g info on him:
He's 55
Non Smoker
has 2 "dependents" ( mom and me) , including a mortgage.
no major medical probs ( the usual cholesterol and jazz)

I took a look at the sunlife website , but it wasnt much help...
http://www.sunlife.ca/plan/v/index.jsp?vgnextoid=ae0e7f2bc7da5110VgnVCM1000002d d2d09fRCRD&vgnextfmt=default&vgnLocale=en_CA



Cheers,
TigerH

[mr_raider]

RBC had some index funds (canadian equity and Bond)that are slightly higher MER than TD but can be bought through RBC direct. You can also buy Altamira precision index funds which have a slightly lower MER.

Unfortunately there are no good options for international or US equity with RBC direct. All their funds are currency neutral.

[wheel]

nm

[AllWheelDrift]

1) I currently have a $600 RRSP GIC from Royal Bank. It matures sometime in Jan 09. I dont want to move the money to another institution because, one, i will lose on the transfer out fees , and two, i would not qualify for my multi product rebate. I also own a Direct investing account with RBC DI. What would be the best option for me. I like this money in an aggressive growth mutual fund or etf. i can buy the etf via RBC DI. Please dont tell me to go to TD E-funds , i will not change brokers just for 1 fund. so my bottom line question is what is a good mutual fund that i can stick $600 and call it a day , and over the years next 44 watch it grow to about 800-1000, or more?
Don't move it to RBC DI. Firstly, with under $25k in RRSPs you'll have to pay $75/year for an RRSP account. Secondly, investments with RBC DI don't qualify for the multi product rebate.

RBC has a decent Canadian Index fund though with the 3rd lowest MER (behind TD eFund and Altamira.) Just put the money there. I threw it 1k into it to qualify for the multi product rebate.

[tiger_handheld]

^ what is the RBC Canadian Index called? Fund name or Fund Code would help alot.

i also dont want to invest any more cash into RBC RRSP - i have my RRSP / investing outside of RBC and i'm just keeping the bare min. so i get my MP Rebate.

[mr_raider]

rbf 556