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Investment options for kids future

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  • 15-12-2017 9:47am
    #1
    colm_c
    Registered Users Posts: 2,031 ✭✭✭


    I have two kiddos 1 and 3, who have both got savings accounts which had a couple of k in them each.

    Given they won't get access to this cash until they're in college, what do people recommend investing in for long term hold?

    There will no doubt be cash added over the next 15 years.

    I've looked at some of the funds for children, but they're fairly low return to be honest.

    Any suggestions?


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    #2
    ZeroThreat
    Registered Users Posts: 2,182 ✭✭✭ZeroThreat


    colm_c wrote: »
    I have two kiddos 1 and 3, who have both got savings accounts which had a couple of k in them each.

    Given they won't get access to this cash until they're in college, what do people recommend investing in for long term hold?

    There will no doubt be cash added over the next 15 years.

    I've looked at some of the funds for children, but they're fairly low return to be honest.

    Any suggestions?

    One word, Ripple.


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    #3
    colm_c
    Registered Users Posts: 2,031 ✭✭✭colm_c


    ZeroThreat wrote: »
    One word, Ripple.

    I'm not confident on cryptocurrencies on an couch potato investment strategy.

    You need to be active and reviewing the market constantly IMO, but there's a whole thread on that.

    More thinking about what accounts/funds/systems are available to me to let me manage these funds separately, rather than one big pot.


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    #4
    Dardania
    Registered Users Posts: 3,612 ✭✭✭Dardania


    You could setup degiro accounts for them and invest into standard ETFs, accumulation types?


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    #5
    D_bourne
    Registered Users Posts: 3 ✭D_bourne


    Have a similar situation myself.

    I'm considering a regular savings/investment plan with Zurich or Irish Life or something like that. Looking at Zurich, the money for instance could be placed into a fund that passively tracks global equities (it's run by Blackrock who own isares the ETF provider). They have lots of other funds depending on your risk tolerance etc. Have to get into the detail on the fees before making my decision.

    I like degiro ETF shout. Don't know if you can open it in the child's name though. On the other hand, you may not want your kid to suddenly have the assets in their name once they're 18!


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    #6
    Dardania
    Registered Users Posts: 3,612 ✭✭✭Dardania


    D_bourne wrote: »
    Have a similar situation myself.

    I'm considering a regular savings/investment plan with Zurich or Irish Life or something like that. Looking at Zurich, the money for instance could be placed into a fund that passively tracks global equities (it's run by Blackrock who own isares the ETF provider). They have lots of other funds depending on your risk tolerance etc. Have to get into the detail on the fees before making my decision.

    I like degiro ETF shout. Don't know if you can open it in the child's name though. On the other hand, you may not want your kid to suddenly have the assets in their name once they're 18!
    On the fees topic, you'd have to be careful that they aren't too high.
    DeGiro have a list of ETFs one can buy without transaction fees: https://www.degiro.co.uk/data/pdf/uk/commission-free-etfs-list.pdf


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    #7
    topper_harley2
    Registered Users Posts: 537 ✭✭✭topper_harley2


    https://touch.boards.ie/thread/2057761052/

    Search forum for similar threads....


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