Post by cwpa on Nov 19, 2016 12:10:54 GMT
Hi everyone,
First time post, but long time lurker. I've got a lot of value from reading the posts here, thank you.
I'd like to pick the smart (and contrarian) investing brains in here regarding very long-term investing for children...
I want to put some money to work for a new family member. 30+ years of smart investing and the wonder of compound interest could mount up to a lot. Better than more toys & clothes.
I'm not going to put a huge amount in for junior initially - £2,000 - but I'll encourage other family members to contribute to it over time.
The contrarian in me does not want to follow the herd; Junior ISA’s at 3% won’t cut it for me. The fees to set up & administer a proper Trust fund would kill any returns (I think). I’d like the freedom to invest wherever is best at the time (P2P at the moment), but not under my own name so the investment benefits from the child's tax allowances.
I contacted a bunch of P2P companies, but regulations do not allow junior to have an account until he's 18.
I don't even know where to go next on this one...the internet seems intent on me either being stung by promises of amazing investments, or destined for dullness for a 'safe' return.
What would be a smart way forward?
Thanks in advance!
First time post, but long time lurker. I've got a lot of value from reading the posts here, thank you.
I'd like to pick the smart (and contrarian) investing brains in here regarding very long-term investing for children...
I want to put some money to work for a new family member. 30+ years of smart investing and the wonder of compound interest could mount up to a lot. Better than more toys & clothes.
I'm not going to put a huge amount in for junior initially - £2,000 - but I'll encourage other family members to contribute to it over time.
The contrarian in me does not want to follow the herd; Junior ISA’s at 3% won’t cut it for me. The fees to set up & administer a proper Trust fund would kill any returns (I think). I’d like the freedom to invest wherever is best at the time (P2P at the moment), but not under my own name so the investment benefits from the child's tax allowances.
I contacted a bunch of P2P companies, but regulations do not allow junior to have an account until he's 18.
I don't even know where to go next on this one...the internet seems intent on me either being stung by promises of amazing investments, or destined for dullness for a 'safe' return.
What would be a smart way forward?
Thanks in advance!
