Long term investment

Sniipe

My nephew is 1 shortly. I was pondering on giving him €1k and let this do him for 17 years worth of birthdays. His parents are minimalist and he doesn't live nearby.

What's a good place to invest it for him? I see 1.5% APR. Is there a better option?

Teddy Daniels

Sniipe wrote: »

My nephew is 1 shortly. I was pondering on giving him €1k and let this do him for 17 years worth of birthdays. His parents are minimalist and he doesn't live nearby.

What's a good place to invest it for him? I see 1.5% APR. Is there a better option?

i thought you were saying that you be giving him 18k , you need to beat inflation so stick it in UK 10 year bonds.

Jim2007

Teddy Daniels wrote: »

i thought you were saying that you be giving him 18k , you need to beat inflation so stick it in UK 10 year bonds.

And see it wiped out by FX! You are talking about a country that has not produced a positive balance of trade in over 30 years, a country who is about to walk away from trade agreements covering 90% of it's exports, a country who is about to loose passporting of financial services into Europe and a country who's central bank's reserves are only a fraction of that of the ECB or Swiss National bank so it will not be able to defend the pound over a sustained period without causing massive inflation...... Why the hell would you go investing in such a country when there are so many alternatives that do not require such risk taking?

Teddy Daniels

Jim2007 wrote: »

And see it wiped out by FX! You are talking about a country that has not produced a positive balance of trade in over 30 years, a country who is about to walk away from trade agreements covering 90% of it's exports, a country who is about to loose passporting of financial services into Europe and a country who's central bank's reserves are only a fraction of that of the ECB or Swiss National bank so it will not be able to defend the pound over a sustained period without causing massive inflation...... Why the hell would you go investing in such a country when there are so many alternatives that do not require such risk taking?

Night is darkest just before the dawn.

Sniipe

Perhaps I should buy him lego

drunkmonkey

Microsoft or Disney

BrokenArrows

Sniipe wrote: »

My nephew is 1 shortly. I was pondering on giving him €1k and let this do him for 17 years worth of birthdays. His parents are minimalist and he doesn't live nearby.

What's a good place to invest it for him? I see 1.5% APR. Is there a better option?

For 1k, just buy prize bonds and choose the option to reinvest any winnings.
In 17 years it might be worth a good bit, or just 1k

A bit of a surprise for him, either way in 17 years 1k will still be a good bit of money.

Donald Trump

You could always put it into some risky investment with a finite chance of very high return for him.

Or buy him a few teddy bears and a few cardboard boxes he can play with now

Jim2007

Teddy Daniels wrote: »

Night is darkest just before the dawn.

And that is the best you can come up with in defence of your investment suggestion... in other words you have not got a clue and are just repeating what the talking heads said.