CTF discussion area

pinkparrott

Hi thanks, i will have a think about it, also i need to have a look at what type of shares the fund is invested in, it won't be loads of money, but he has quite a lot in his savings account at the moment and i thought i might put a couple of hundred in to the ctf instead.

Jack2007

My wife and I are planning to invest our CTF Voucher AND the weekly child allowance in a savings account. We do not want risk with shares ETC

Any suggestions on what will be most beneficial?

kmeast

I am wondering whether in the current climate to move my CTF into a high interest account, as it has actually lost money in the last 12 months, or whether to just sit it out? (Is only 2 years old)

I do have a separate savings account for my LO so not all of his savings are at risk - so is it worth the gamble?

Crystal ball anyone ....?!!!

wriggly

Almost certainly, the best answer is not to transfer it. You still have 16 years before he can access it, and in that time, it will probably grow much quicker in shares than in savings.

If you move it to savings, you will turn a paper loss into a real loss, and noone knows in advance when to transfer from cash back into shares in order to make up the loss.

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buba2006

Hi there,

I'm looking for some advise.

I open a Halifax stakeholder child trust fund in 2006.

In addition to the standard £250 i contribution £10 per month. My concern is i recently read on a forum that the Halifax shares are dropping significantly, can i and should i change this type of account?

the sub fund is Halifax UK FTSE 100 Index Tracking Fund Accumulation Share, share class D.

The value of his account is £444.43.

I'm not sure if i can even change his child trust fund.

Should i change it? Is it on track?

Any advise would be appreciated.

Cheers

wriggly

buba2006 wrote: »

I open a Halifax stakeholder child trust fund in 2006.

In addition to the standard £250 i contribution £10 per month. My concern is i recently read on a forum that the Halifax shares are dropping significantly, can i and should i change this type of account?

Should i change it? Is it on track?

The important thing to note is that you are invested in a FTSE Tracker run by Halifax. This is different to being invested in shares of the company Halifax.

However, I expect the FTSE tracker has dropped about 10-15% since the middle of last year. While you are able to transfer your CTF investment, you should remember that this is a long-term investment.

Personally, I would keep it where it is, and keep going with the monthly contributions. Since you're still buying, the market being lower is a good thing for you. Just like if petrol dropped 15%, your £10 will buy more.

hel27n

Hello,

I am thinking of opening an Equity Stakeholder CTF a/c with Nationwide / Legal & General & am thinking of saving around £40 per month to this a/c. I have a few concerns and I am hopeing that someone will be able to advise.

At the moment I know there are fears or a recession and I was wondering if I invest & start saving now

• Will I get more for my money initially as shares prices are dropping;

or

• Giving the current market status would I lose money almost instantly?

I know it has to be my decision, but I do not want to make a really stupid mistake. I am prepared to take a risk with the investment but do not want to throw away money stupidly.



Can someone please advise, should I go for an Equity Stakeholder / basic savings a/c?

wriggly

hel27n wrote: »

At the moment I know there are fears or a recession and I was wondering if I invest & start saving now

• Will I get more for my money initially as shares prices are dropping;

or

• Giving the current market status would I lose money almost instantly?

I would guess the answer is "Yes" to both questions. As share prices dip over the next few months / years, you will get more for your money. Since you're buying, a dip in the price (a recession) is good, as long as this is money you can live without.

But yes, the money you invest now is likely to lose some value initially. However, this is a paper loss - since you can't withdraw the money, you do not lose real money. In 18 years time, it is likely that the shares will have risen significantly.

You might try to wait until the stockmarket has hit rock-bottom, and then invest all the money. The only problem is you won't know when this is until too late. It could be now, it could be in 2 years time. So, regular investing as you propose is the best you can probably do - this is generally called "pound cost averaging", or, given the nature of the web, you may see it called "dollar cost averaging".

wriggly

hel27n wrote: »

I am thinking of opening an Equity Stakeholder CTF a/c with Nationwide / Legal & General

Another thing, the Nationwide Stakeholder CTF is actually a Legal & General Stakeholder CTF, which actually appears to be an engage Mutual Stakeholder CTF. If you join Quidco (http://www.quidco.com), you can buy directly through engage and get £50 cashback.

I wouldn't normally suggest buying a CTF just because of the cashback, but if that is the plan you want to buy anyway...