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Investing for grandchild
abjac17
Posts: 1 Newbie
I would like to invest at birthdays and Christmas for my grandchild. probably around £100 each time.
what would be the best way to this?
ideally I do not want the parents to be able to withdraw the funds
any help fully appreciated.
what would be the best way to this?
ideally I do not want the parents to be able to withdraw the funds
any help fully appreciated.
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Comments
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one of my neighbours invests in a Child TESP for his grandson and granddaughter. by their nature, they are to be left alone for a specified term of at least 10 years.0
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Make it £25 a month and invest in an investment trust in bare trust?
Examples http://www.sit.co.uk/private-investors/products/stockplan-a-flying-start
http://www.bgchildsavings.com/pages/how_to_invest.aspx0 -
one of my neighbours invests in a Child TESP for his grandson and granddaughter. by their nature, they are to be left alone for a specified term of at least 10 years.
I really wouldn't suggest a tax exempt savings scheme for anyone. Apart from the charges being too high they also require you to be tied in to monthly payments not occasional lump sum investments.
They really are very poor value compared to things like the investment trust schemes suggested by Xylophone. There is a reason they pay M&S vouchers etc as joining perks, all paid for by the investor.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Buy gold bullion, make sure to take physical delivery though.We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0
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Low cost mutual fund IMHO.0
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alarson566 wrote: »Low cost mutual fund IMHO.
For £100 per year? You're having a laugh...We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
DaveTheMus wrote: »For £100 per year? You're having a laugh...
Why not?DaveTheMus wrote: »Buy gold bullion, make sure to take physical delivery though.
And this isn't a joke I assume?
Many IT plans have £100 as the minimum lump sum investment.
It was £200 by the way (£100 birthday, £100 Christmas) Total over 18 years would be £3600 invested.Remember the saying: if it looks too good to be true it almost certainly is.0 -
there are millions of tons of gold, I stay away. It is not as rare as we have been led to believe.
Silver is more rare than gold now.HTB = Help to Bubble.0 -
I opened for my grandchild the Coventry Junior ISA at 3.25% variable. Can't be touched by anyone until child is 18, but you can transfer to another provider if rate drops or to a S&S ISA.0
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I opened for my grandchild the Coventry Junior ISA
https://www.gov.uk/junior-individual-savings-accounts/overview
"Parents or guardians with parental responsibility can open a Junior ISA and manage the account"
Are you the child's guardian?0
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