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Lump sum investments for kids
benny-factor
Posts: 1 Newbie
Hi all,
My two kids are having £1000 each from their grandparents and we need to know the best option for investing such. They have already been given children's guaranteed saving bonds when they were born which run for five years investment duration. Each time, we have left the bonds in for a further five years. Are these savings bonds the best option (the kids are 10 and 13 at the moment). Should we just go for the same or is there better out there?
Thanks.
My two kids are having £1000 each from their grandparents and we need to know the best option for investing such. They have already been given children's guaranteed saving bonds when they were born which run for five years investment duration. Each time, we have left the bonds in for a further five years. Are these savings bonds the best option (the kids are 10 and 13 at the moment). Should we just go for the same or is there better out there?
Thanks.
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Comments
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the Money Saving Expert team do not moderate forums, so if you see something that shouldnt be here report it! :beer:0
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you say investments in your title but then savings bonds as a suggestion. Do you want to save the money or invest the money?
Investing typically means taking on some degree of risk. For this you would often use a unit trust. Especially as these are easily recorded as a record of gift (for IHT purposes) and can be transferred to the child automatically when they reach a certain age.
ages 10 and 13 certainly suggest investing as being the best option.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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