Small regular amount to invest

Bloke_in_the_cool_shirt

Evenin' folks,

I'd like to play the roll of the nice uncle and setup an investment for the current crop of kids (and any future) that turn up from my siblings. Theory being i will deposit for £10 each for them from birth till they are 18.

I say i'd like to play the roll because i'm not at a point where i am sufficiently well off to guarantee that i wont need the money myself (no debts at the moment and my finances have some breathing space... but you never know do you!). Thus i don't want to put it in their names or in their CTF's.

(It also allows flexibility that if one of them turns out to be a total liability at age 18 then i can hold off giving them the money till they seem more capable of using it sensibly, or at least what i regard as sensibly.)

So bottom line. About £400 to invest followed by £20 a month for decent length of time (that amount will go up in time i've no doubt).

I'd like to do a fund or bond or something but do i need a regular saver type thing until it's a larger sum to invest?

I'm fairly new to all this investment lark so any suggestions as to the sort of vehicles available to me is most welcome.

Cheers

dunstonh

I'd like to do a fund or bond or something but do i need a regular saver type thing until it's a larger sum to invest?

£500 min is the most typical for the ones that allow £20pm.

I'm fairly new to all this investment lark so any suggestions as to the sort of vehicles available to me is most welcome.

unit trust or investment trust are typically the most commonly used options here. I personally use unit trusts for my children.

Bloke_in_the_cool_shirt

Thanks, unit trust sounds like the sort of thing i was after. I'm away to read up pretty much whatever i can find.

Cheers