Help with Child Trust Fund - where to put it

lmcg

I have been waiting on Martain to tell me what to do with the Child Trust Fund. It should be arriving in the next few days so I am at a loss as to where to put it. I think I am going to for the shares option but wish Martain could tell me whice one? Does anyone know what he has said on the matter???

cloud_dog

You don't need to be in such a rush; you cannot (technically) open the account until the start of the new tax year (April 6th).

It is highly unlikely (will not happen) that Martin will comment on stocks / shares based CTF investment - because no one has crystal ball and it all comes down to your own risk / reward attitude.

If you are comfortable that stcks / shares investments are much, much higher risk - by risk I mean you may get back less than you originally invested (unlikely over the long term but you need to understand accept the possibility) - then you could pick an index tracker fund (comdirect allow you to invest in the L&G UK Index Fund) alternatively look at the Friendly Societies listed on the CTF website.

https://www.childtrustfund.gov.uk

What ever advice you receive you MUST accept responsibility for the investment (good or bad).

cloud_dog

Fyi, I've posted previously that what I intent to do (assuming this is all allowed within the rules, etc), is to invest the CTF cheque and monthly payments into the L&G UK INdex fund (via Comdirect) until there is a reasonable balance and will then look at a bit more active investing strategy, before migrating the investments back into cash / bonds, etc as the 18th birthday nears.