Wedding Fund

KAD

Hi, not sure if I'm in the right place or not but looking for advice on saving.
My daughter is 9yrs old and I know a lot of you will be thinking we're mad but I was wondering what was the best way to start saving for a wedding fund for the future...............way into the future if my husband has anything to do with it!!!
I remember a while ago you could get some sort of policy to save for such things...............any ideas?

bigadaj

You might have been wiser saying that you are saving for them generally. Though in essence the actual target is of little consequence only the amounts and timescale. The money cold be saved for education, house deposit etc

Assuming that this is relatively small amounts over say 15 to 20 years then investment trusts might be a good idea. There are a range of read to invest in and the minimum sums are quite low, you can invest in many directly rather than going through stockbrokers , fund supermarkets etc

kidmugsy

KAD wrote: »

...the best way to start saving for a ... fund for the future...

Scroll down to page 43 of
http://www.theaic.co.uk/sites/default/files/statistics/attachment/AICStats31Mar2013.pdf

IronWolf

I would say a regular investment every month. I would probably choose an OEIC over an Investment Trust as then you wont have dealing charges.

atush

I would also invest monthly, but I prefer Investment trusts. The dealing charges tend to be in the pennies and I like the performance.

but I agree with Big, why a wedding fund? Why not a University fund? Help your girl reach higher. But Def do save for her.

Does she have a CTF? how much is in it of she does? Is it cash or equities?

IronWolf

atush wrote: »

I would also invest monthly, but I prefer Investment trusts. The dealing charges tend to be in the pennies and I like the performance.

but I agree with Big, why a wedding fund? Why not a University fund? Help your girl reach higher. But Def do save for her.

Does she have a CTF? how much is in it of she does? Is it cash or equities?

Maybe Im missing something, but aren't IT's listed on the stock exchange, so incur the usual buy/sell fees for shares? The cheapest I've seen for that is £1.50 in a regular trader.