Equity ISA help

magentadreamer

I have a cash ISA but would like to start to save for the long term - for my daughter who's 8 I was looking at a time scale of 10-15 years to give her a start in "grown up" life. I thought the best place to start might be an Equity Isa. At first I'm not going to be maxing out the £4000 allowance I can have -far from it. I was looking for an initial start of about £25 a month and the ability to increase it as my circumstances changes. I also realise ISA's might not be around post 2010

I'm willing to take some risk but obviously my aim would be to make as much as I could without risking having a fund that had nothing in it in 15 years time. So kinda low to medium risk. Any advice or links to web sites that talk in basic english and not financial gobbledy gook would be really helpful.

carnet

Unfortunately most, if not all, fund supermarkets via discount brokers (IFA's) have a minimum of £50/month per fund via the regular investment options.

However M&G, who are a long established (in fact, they launched the very first Unit Trust in this country) and very well respected investment house with a large range of successful funds does offer a regular savings scheme from as little as £10/mth per fund.

http://www.mandg.co.uk/Consumer/FundsAndProducts/SavingsPlan/index.jsp?ico=Savings%20plan&icl=nav

We are not allowed to give advice on these boards as to which specific funds you should consider (this all depends on your own attitude to risk etc. etc.), although, given your timescale, there is very little possibility that any of those available will be worth less than you have invested into them in 15 years time (although no guarantees, of course ).

magentadreamer

Cheers I'll take a look