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GreenDevil

Investment for kids

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Does any one know how to open an account or something that you can buy investments every month for children.

I'm talking either shares or funds directly and particuly FTSE and gold funds or tracker shares.

Obviously the children are under 18. But I'd like to be able to switch things if I wanted to.

Tia,

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For my kids, I have a Stocks and Shares Junior ISA set up with Fundsmith that drips feeds a monthly amount of money via direct debit. It's an investment fund that only invests in quality companies with a global focus. There are lots of video's and articles featuring the manager (Terry Smith) online. I like the manager, the performance is good, fees are reasonable, and I think their investment style is conservative. The nice thing is that everything is all automated, so no intervention required on my side.

I have no connection with the firm, am a (very) happy customer.

www.fundsmith.co.uk

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43 minutes ago, NuBrit said:

For my kids, I have a Stocks and Shares Junior ISA set up with Fundsmith that drips feeds a monthly amount of money via direct debit. It's an investment fund that only invests in quality companies with a global focus. There are lots of video's and articles featuring the manager (Terry Smith) online. I like the manager, the performance is good, fees are reasonable, and I think their investment style is conservative. The nice thing is that everything is all automated, so no intervention required on my side.

I have no connection with the firm, am a (very) happy customer.

www.fundsmith.co.uk

I've heard good things about fundsmith, but rational investors (like Tim Hale & Lars Kroijer) would warn against funds like these, as past performance does not equate to future performance. They instead would recommend index tracking funds instead (i..e a world market tracker) - cheaper and less risky. Sure, they will make less % profits than the most successful funds, but evidence suggests that very few funds outperform the markets, so it's a much safer bet. 

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On 06/12/2016 at 10:28 PM, GreenDevil said:

Dont you have to open one every year, seems a bit a of a chore, would rather one account til 18.

I don't with my S&S ISA, so assume I won't with the son's JISA...

4 hours ago, RickyD said:

I've heard good things about fundsmith, but rational investors (like Tim Hale & Lars Kroijer) would warn against funds like these, as past performance does not equate to future performance. They instead would recommend index tracking funds instead (i..e a world market tracker) - cheaper and less risky. Sure, they will make less % profits than the most successful funds, but evidence suggests that very few funds outperform the markets, so it's a much safer bet. 

Yeah, I'm just putting it into SWDA.

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I spoke to fidelity investments they allow a jisa which opens another every year callked jisa direct if you use a monthly plan. The parent can also swap alloications ifhe wants to. Sounds ideal. However if you have a child trust fund(mine does) your screwed, as you can only have one or the other. Looks like its zirp b soc for mine. :(

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