dooahhdoo Posted December 13, 2006 Share Posted December 13, 2006 6 Years ago we started up the above for our first child saving a few quid here and there and keeping any money he received for Birthdays or Christmas etc. According to the sparse info I got from my wife we can't pay into his account anymore on the Island via a post office so we have withdrawn the money which is a little over £1000. What we want to do is reinvest it for him for another 12 years so he can have the cash when he is 18 years old to buy wrestling figures or start up his business where he wants to sell Ice Cream Any ideas on the best (non-risk as its not my money) investments for kids? Ta. Link to comment Share on other sites More sharing options...
Rhumsaa Posted December 13, 2006 Share Posted December 13, 2006 Bradford and Bingley have a very good rate for a kids account it's not fix term but it can be done in trust www.bbi.co.im Link to comment Share on other sites More sharing options...
simon Posted December 13, 2006 Share Posted December 13, 2006 Bradford and Bingley have a very good rate for a kids account it's not fix term but it can be done in trust www.bbi.co.im Are any of the building societies / banks actually classed as zero risk - like NSANDI ? Link to comment Share on other sites More sharing options...
LoneWolf Posted December 13, 2006 Share Posted December 13, 2006 Motley Fool Link to comment Share on other sites More sharing options...
Rhumsaa Posted December 13, 2006 Share Posted December 13, 2006 probably not zero risk but in this day and age with a bank that is public etc - hardly that much of a risk Link to comment Share on other sites More sharing options...
Tugger Posted December 13, 2006 Share Posted December 13, 2006 A Footsie tracker fund is categorised as a "high risk" investment but isn't that risky really as althugh it is shares it is shares in blue chip companies. I would definitely recommend that over a bank account. Or you can buy the daydream and invest in premium bonds Link to comment Share on other sites More sharing options...
Declan Posted December 13, 2006 Share Posted December 13, 2006 A Footsie tracker fund is categorised as a "high risk" investment but isn't that risky really as althugh it is shares it is shares in blue chip companies. I would definitely recommend that over a bank account. Assuming the FTSE goes up. Link to comment Share on other sites More sharing options...
LoneWolf Posted December 14, 2006 Share Posted December 14, 2006 Assuming the FTSE goes up. Motley Fool Link to comment Share on other sites More sharing options...
Tempus Fugit Posted December 14, 2006 Share Posted December 14, 2006 According to the sparse info I got from my wife we can't pay into his account anymore on the Island via a post office so we have withdrawn the money which is a little over £1000. what's wrong with sticking a cheque and the pass-book in the post ? Link to comment Share on other sites More sharing options...
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