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Best way to save for my 3 children
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People at MSE tend to sneer at Friendly Society policies like this but I must say we were pleased with the one we opened for one nipper. So was she: she's invested with them since.
https://www.forestersfriendlysociety.co.uk/saving-for-children/
Another possibility would be Investment Trust savings schemes or JISAs: scroll down to pages 45 and 46.
https://www.theaic.co.uk/sites/default/files/statistics/attachment/AICStats31Dec17.pdf
Am I just being really thick, or is there no explanation of what the guaranteed cash some is on that friendly society product? Why on earth would I commit to a minimum monthly payment for at least 10 years if I have no idea what this "guaranteed" sum is. Oh, and the guarantee, such as it is, is only any good if they don't go bankrupt, so it isn't a full guarantee then.
Was I the first to sneer?0
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