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best investment for children for a nine year and 13 plan
irishno1
Posts: 35 Forumite
Hi,
I have £10k to invest for two children, money left to them in a will. One child is nine and the other five. I would like to start up two investment plans for £5k each for them. Anyone any ideas what is likely to have best returns on investment, I have been advised to look at Legal and General's Distribution Fund which has had high returns in recent years or a Foreign & Colonial investment although am unsure which to go for or whether to combine a number of their different investment funds? I don't want to put the money at too much risk though.
I have £10k to invest for two children, money left to them in a will. One child is nine and the other five. I would like to start up two investment plans for £5k each for them. Anyone any ideas what is likely to have best returns on investment, I have been advised to look at Legal and General's Distribution Fund which has had high returns in recent years or a Foreign & Colonial investment although am unsure which to go for or whether to combine a number of their different investment funds? I don't want to put the money at too much risk though.
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Comments
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Does the 5k have to in trust for them?
Dont look at one fund/sector and recent years doesnt mean a thing. This is long term and a couple of years means nothing in that.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Doesn't have to be in trust, just whatever offers best return over several years0
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Anyone Any Tips On Which Investment Is Best For Me?0
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