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Can I just ask: WHY is it important that the money not be at risk?
Normally, safe investments are recommended where the money has a very specific purpose and it really needs to be that much, or if the timeframe of investment is short, so volatility could have a major impact. So, for example, if you planned to buy a house soon, you should have your deposit somewhere safe to make sure you don't have to pull out of a purchase because of a stock market dip. And people managing their own pension investments tend to move towards safer instruments as they approach retirement.
But that's simply because "risky" investments fluctuate. The stock market could drop a few percent in a single day, which is a disaster if you need the money tomorrow - but if you hold onto the shares long enough, they'll make it up. Historically, they always have, eventually. And in the long run, they earn you much more than safe investments. So if you're investing over a period like 10 years, without any particular plan for the money at the end, you really should look at higher-return investments. Yes, there's a chance that you wind up with £60,000 instead of £70,000. More likely, though, you'll end up with something more like £110,000 - and a good chance of a fair bit more.
Originally posted by ThePants999
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Hi. Thanks for the response. It is something I will consider. But if I'm honest, my ex wife, my daughters mother, is aware of the 70k being given to our daughter (in my care), and if I managed to lose some of it, I'd never hear the end of it and probably have to make the shortfall up myself.
However, I do get your point about a long term investment being fairly 'safe' when the money isn't needed next week, or even next year.
Thanks again.