help with childrens future......

dunstonh

Dunstonh I know you cannot give advice on here and you don't know my circumstances, but what do you think

The timescale certainly allows for equity backed investments such as unit trusts. Not sure I would want a child fund itself. I would prefer to keep control of the money so I decide where and how it is spent. ISAs still come top there, if not, unit trusts are the most likely second place (although ITs could be used instead but be aware of the additional risks with those).

As for specific funds, I would personally be happy to take a bit more risk in the earlier years and look at emerging markets. After all there is enough time to move into safer waters as time goes on. Thats me though. You should invest to suit your risk attitude, even if the potential for returns may be lower in the long run. You are the one that has to sleep at night happy with what you have done.

mad

Thanks that's really helpful and Scotland beat England in the egg game bla bla. (Still not political) Seriously is it possible to go to University in Scotland from England and have your fees paid. This is all theoretical as my daughters are only young and I have been out all day searching the fields of Kent for bags of money...

Scotland will be independent by the time they are 18

Thanks Dunstoh, by the way, by emerging markets do you meant China, India etc or specific sectors. Don't worry if i ever post a message on this site in 15 years saying (That was bloody useless) I will give you a tenner which will then be worth about a quid

ReportInvestor

mad wrote:

Seriously is it possible to go to University in Scotland from England and have your fees paid.

No. Dream on. We're English, remember. The Barnet formula will only stretch so far.

But maybe from somewhere else in Europe :rolleyes:.

dunstonh

Thanks Dunstoh, by the way, by emerging markets do you meant China, India etc or specific sectors. Don't worry if i ever post a message on this site in 15 years saying (That was bloody useless) I will give you a tenner which will then be worth about a quid

Correct on the sectors. Remember, depending on how much you are paying, you may get the option to use multiple funds. Spread it around if you can. I wouldn't dream of suggesting any funds on here, such as Fidelity Global Property, as a tip... Hmm, I could buy a Mars Bar with that tenner.