Investing 100k for children

Gadfium

DiggerUK wrote: »

. I'm also MSE's resident gold expert

Thats a claim that you constantly make. IMHO, it implies that you are acting on the behalf of Money Saving Expert.

Can you please clarify if you are actually appointed by the MSE moderating team or martin lewis, or just a regular contributor that particularly likes gold as an investment vehicle?

atush

I am from the faction here that regards them as sexed up sales reps.

Because IFAs arent precious metal rampers like you?

steampowered

rather than having to make potentially risky investments to grow the money at the same rate

Investing in a buy-to-let property is a far riskier proposition than any sensible investment portfolio.

It is entirely possible that there might be a problem with the property or that prices in your area may begin to fall. It is also entirely possible that you might have problems with tenants or void periods.

It will be much safer to invest the money into a balanced portfolio of stocks and shares - perhaps a tracker fund. That is lower risk and will give the children access to the funds when they need them.

bigadaj

DiggerUK wrote: »

Piggy-bank
You don't sound the type of person who goes rushing in without thinking first.
You mention your concerns about the qualities of financial advisors. I am from the faction here that regards them as sexed up sales reps. The spin starts with the arguments that IFA's have access to 'the whole market' as opposed to a limited market......think it through, and you will find its markets with exactly the same products for sale. Just in different shapes, styles, colours and fashions.
The difference between someone offering hundreds of the same thing, and someone offering thousands of the same thing is zero.

Don't go down that road. You sound responsible and sensible. For now put the money somewhere safe and do your best to match inflation. Then do your homework, you've started well here.

Property is not something I would advise, lots of admin and ongoing expenses if you diy, even more expense if you get it managed. I'm also MSE's resident gold expert 🤓 don't be afraid to ask..._

Any basis for the expert quote, qualifications, experience etc

I've done some work on gold mines and companies and producers so would probably consider myself more of an expert.

I don't hold any.

Malthusian

In fairness I think it is high time MSE recognised Diggy as the official resident gold expert. With a special gold username to go with the colours for MSE contributors and official company representatives. And all his posts should appear in gold letters (on a white background? oh yes.) And whenever you scroll to one of his posts, Entrance of the Gladiators should start playing (YouTube it).

eskbanker

Malthusian wrote: »

And whenever you scroll to one of his posts, Entrance of the Gladiators should start playing (YouTube it).

I think a certain 1983 Spandau Ballet tune would work too, aligning well with his viewpoint....

Gold (gold)
Always believe in your soul
You've got the power to know
You're indestructible
Always believe in, that you are
Gold (gold)
Glad that you're bound to return
There's something I could have learned
You're indestructible, always believe in...

dunstonh

Thanks, as I said, I'd already realised that wasn't a popular choice here, but actually sounds like not a legal possibility anyway.

There are plenty of landlords who are regulars here. So, its not a case of not being popular. its a case of what is legally viable.

My omission of "I" in FA was after reading a few threads about many not actually being as independent as they initially seem.

In those cases, it usually turns out that the adviser was not an IFA but was an FA but had done their hardest to gloss over that.

Trustees have to make sure they are being seen to do what is best for the beneficiaries. So, its not just doing what is best but also having the audit trail to back it up. Trustees have a legal obligation and can suffer legal action against them if they do things wrong.

DiggerUK

Malthusian wrote: »

In fairness I think it is high time MSE recognised Diggy as the official resident gold expert.........whenever you scroll to one of his posts, Entrance of the Gladiators should start playing (YouTube it).

Please, only if I can have this as the resident gold expert �� emblem, and be invited on to Celebrity Come Dancing, to dance the light fantastic to my signature anthem.
https://m.youtube.com/watch?v=2zQr8Rwp1tk

I know, I know.....I'm way too modest about my talents..._

stueyhants

It's a nice problem to have. My parents did the same thing last year for my 6 and 4 year old. I opened a simple children's investment account with share centre and picked a number of unit trusts, trackers and invested about 10k in each to spread the risk. I also picked a couple of high risk aim stocks that I knew and so far in 12 months it's grown into £140k. Brexit vote last year was great in terms of driving stocks higher so it was easy to make money, I think this year will be much harder but still worth more than investing in cash.

I didn't want to use a iFA because to be honest I don't think they would be much better st picking the rights investments, just use common sense and the fact you have a long investment period any dips will sort themselves out.

bostonerimus

I'd open regular investing accounts and Junior ISAs for each child and put everything into a low cost global equity tracker like Fidelity Index World or Vanguard FTSE Global All Cap Index. Then transfer as much as you can from the regular account to the Junior ISA each year.