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kids college fund - 15 year time horizon

  • 19-08-2008 3:23pm
    #1
    El Stuntman
    Closed Accounts Posts: 4,720 ✭✭✭


    I am considering investing a lump of cash as a 'college fund' for my kids - one is nearly two and the other is on the way :cool:. (even if they turn out to be thick and don't go to college, I like the idea of having a lump of cash for them when they become adult - first cars\house deposits etc etc).

    I am considering putting €10k aside for this now and would be happy to lock this away for 15 years. I may well put extra cash into this fund in the years to come also - certainly the way the politicans are talking, it looks like it'll be needed.

    Has anyone similar experience of setting up such a college fund and what suggestions do you have as to a suitable investment vehicle?

    thanks in advance,

    el S


Comments

  • #2
    [Deleted User]
    Posts: 281 ✭✭ [Deleted User]


    You could have a look through the products that are noted in this 'best buys' thread http://www.askaboutmoney.com/showthread.php?t=37142


  • #3
    kincsem
    Closed Accounts Posts: 4,013 ✭✭✭kincsem


    http://www.boards.ie/vbulletin/showthread.php?t=2055199191&page=2

    Read my post #18 and buy the book mentioned. I have a few Euro in Etrade waiting patiently for a price on BRKB shares. US markets were down 3% today.:)


  • #4
    pocketdooz
    Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭pocketdooz


    kincsem wrote: »
    http://www.boards.ie/vbulletin/showthread.php?t=2055199191&page=2

    Read my post #18 and buy the book mentioned. I have a few Euro in Etrade waiting patiently for a price on BRKB shares. US markets were down 3% today.:)

    Is it not true that you have to buy Berkshire stocks in blocks of 10 ?

    Also, Buffett is either stepping down very soon or has already stepped down from active management of the company and Munger is taking over ?

    Thanks


  • #5
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    kincsem wrote: »
    http://www.boards.ie/vbulletin/showthread.php?t=2055199191&page=2

    Read my post #18 and buy the book mentioned. I have a few Euro in Etrade waiting patiently for a price on BRKB shares. US markets were down 3% today.:)

    You must have a good few euro so...... lol


  • #6
    kincsem
    Closed Accounts Posts: 4,013 ✭✭✭kincsem


    Afaik the BRKB shares are about $3,900 now (the B shares BRKB are one thirthieth of the A shares BRKA).

    I assume I can buy less than thirty B shares, or else why have them?
    With luck I will have €50k and hope to buy the BRKB at about $3000 each.

    I know Buffett is 78, and has either picked his successor, or has a panel of three. I doubt Charlie Munger is the choice as he is 84, and has never been involved (or very little) in the operations.

    People have been scared of Buffett's age for a long time now.
    Shareholder to Buffett: "I can't affoard a life event" (i.e Buffett's death). Buffett: "Neither can I"


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