New Born Savings - Options

Flobberchops

smile88egc wrote: »

I had been looking to do the same for my new nephew, but with interest rates at an all time low and global growth poor at best, it seems now is a rubbish time to save/invest!!

So... you don't want to buy low? You'd rather wait until prices are higher? *scratches head*

Now is a great time to be making long term investments! A bad time to try to turn a quick buck, but with a decade or more growth to look forward to, investing for children could be a smart move.

slowpoke_rodriguez

Gurj247 wrote: »

Something to look into more, but I think once my daughter turns 18 the money becomes hers and I would have no control over it?


I'm simply worried that she may in 18 years just go and blow the money that's been saved because she can.


?

Don't tell her...

slowpoke_rodriguez

smile88egc wrote: »

I had been looking to do the same for my new nephew, but with interest rates at an all time low and global growth poor at best, it seems now is a rubbish time to save/invest!!
So I've just decided to hold off and start saving in a year or 2 when prospects look better, and treat him/his parents a little now!

You're kidding , right?