What's the best future-proof way to invest money for a child?

eskbanker

https://monevator.com/passive-fund-of-funds-the-rivals/ summarises most of the main players but is a couple of years out of date now and omits new entrants such as Blackrock's MyMap range, for example.

NewToDadding

I was looking at something like Vanguard's FTSE Global All Cap Index Accumulation... or would this be a bad choice?

Thank you for the link eskbanker, I will give it a look. 

MX5huggy

NewToDadding said:

I was looking at something like Vanguard's FTSE Global All Cap Index Accumulation... or would this be a bad choice?

Thank you for the link eskbanker, I will give it a look. 

No it’s not a bad choice, I hold it myself. You are paying a bit extra 0.22% compared with 0.12% for a Developed world fund because it’s All World and includes emerging markets (China is an EM). For my kids I hold Vanguard ESG Global fund because I feel the kids should not own shares in tobacco, guns or !!!!!!. 

NewToDadding

MX5huggy said:
No it’s not a bad choice, I hold it myself. You are paying a bit extra 0.22% compared with 0.12% for a Developed world fund because it’s All World and includes emerging markets (China is an EM). For my kids I hold Vanguard ESG Global fund because I feel the kids should not own shares in tobacco, guns or !!!!!!. 

That's a good suggestion (ESG). I will look at this one too. Thanks. 

bostonerimus

NewToDadding said:

Would you recommend them over Vanguard? 

For low maintenance long term growth I would go with a multi-asset fund with either 100% or 80% global equities. Any of the big fund houses like Vanguard, HSBC, Blackrock etc do them and really it doesn't matter which one you choose, as long as you look for one with low costs. Then you need a platform like H&L etc. If you go with Vanguard as the platform you will only be able to buy Vanguard funds, but frankly I see that as a good thing rather than a bad thing as it means you don't get distracted by the thousands of funds available in the world. Anyway Vanguard platform and VLS100 or VLS80 would be fine as would H&L and the equivalent HSBC etc funds or VLSxx

Albermarle

bostonerimus said:

NewToDadding said:

Would you recommend them over Vanguard? 

For low maintenance long term growth I would go with a multi-asset fund with either 100% or 80% global equities. Any of the big fund houses like Vanguard, HSBC, Blackrock etc do them and really it doesn't matter which one you choose, as long as you look for one with low costs. Then you need a platform like H&L etc. If you go with Vanguard as the platform you will only be able to buy Vanguard funds, but frankly I see that as a good thing rather than a bad thing as it means you don't get distracted by the thousands of funds available in the world. Anyway Vanguard platform and VLS100 or VLS80 would be fine as would H&L and the equivalent HSBC etc funds or VLSxx

 Fidelity in the UK offer JISA's ( for children ) with no platform charge at all, so this platform is preferred in this instance to Vanguard ( as a platform ) 

DireEmblem

Stick it into a global equity tracker fund and then forget about it until they need to buy a house or something, then give it to them then.

SebC

Property or land 

eskbanker

SebC said:

Property or land 

Against what criteria do you assert that to be the best thing to do with a small inheritance?

grumiofoundation

SebC said:

Property or land 

Why give such a detailed response?