Is this portfolio balanced?

Lunar_Eclipse

I think a 10-12k university allowance for some 6 years in the future is realistic tbh. Fees will probably take up at least 25% of this.

My parents fully financed my further education, for which I am very grateful. Having always had my head screwed on financially (so far at least), it has certainly not had an adverse effect on my financial education. Far from it in fact; my parents passed on their 'avoid debt at all costs' beliefs. I hugely appreciated leaving education with no debt, something I am keen to do with my own children when the time comes.

Agree with the others about the portfolio needing more spread, especially in non high risk investments. Beyond which I feel unable to help. Dunstonh could have been more helpful though beyond a 'fashion investing' comment; I thought he was quite knowledgeable in this area and usually very helpful.

dunstonh

Dunstonh could have been more helpful though beyond a 'fashion investing' comment; I thought he was quite knowledgeable in this area and usually very helpful.

If I was to recommend a portfolio it would be against FSA rules and board rules. The information on the thread isnt sufficient to do it either.

If you are going to DIY then there is no harm in a few helpful nudges on the way but ultimately the whole point of DIY is to do it yourself.

sh856531

£10-£12k per annum for your daughter?

Dude - this is totally your business, but that is ridiculous. How could your daughter possibly understand the real world when you hand her *tens of thousands of pounds*!

My parents gave me not one penny, so I put myself through university through hard work. Now I have a good job and could certainly give my kids a fair amount of money so that they don't have to pay for their own education, but I've madea decision not to, because I don't think that thats the way things should be. It's not about being stingy or anything like that - its just I don't think your doing them any favours by giving that much help.

As I say, its totally your business, and I hope that doesn't sound too condescending or critical - I was just really surprised at what you were planning on doing and wanted to give a slightly different perspective.

Take care

S

Lunar_Eclipse

sh856531 wrote: »

Dude - this is totally your business, but that is ridiculous. How could your daughter possibly understand the real world when you hand her *tens of thousands of pounds*!

Typically there isn't a handing over of tens of thousands of pounds. There are fees to pay to the college/university. And usually a monthly/termly budget set for the child by their parents if they are contributing financially.

Mine was paid electronically into my bank account termly because my parents felt I could manage my money for this time period (and because they had the cash flow to do it). I had friends who were sent money weekly, living hand to mouth throughout their entire university education, because their parents didn't trust their money management skills. (Which in turn is usually not the child's fault!) They are the ones who didn't learn IMO!

sh856531

Typically there isn't a handing over of tens of thousands of pounds. There are fees to pay to the college/university. And usually a monthly/termly budget set for the child by their parents if they are contributing financially.
Mine was paid electronically into my bank account termly because my parents felt I could manage my money for this time period (and because they had the cash flow to do it). I had friends who were sent money weekly, living hand to mouth throughout their entire university education

Hi,

The issue I'm talking about doesn't have anything to do with whether you're "paid" weekly, monthly or via some other period - the issue is huge sums of money materialising out of thin air. Now you may not feel that a few hundreds of pounds per month or term or whatever is not a lot of money, but the OP is talking about more money than some people with full time *jobs* earn in an entire year.

As I say, its totally a personal decision, but *personally* I believe you should be taught from an early age that you pay your *own* way.

Best Regards

Simon