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emmie
Apprentice
Joined: 19 Mar 2006
Posts: 4
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 Posted: 12/25/07 - 11:17 Post subject: |
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| Last year Ive had a baby, a daughter who Im most proud of and delighted I have her with me, since my husband is not with us anymore, he died in a car crash, the only plans I have for my daughter now is make her feel secure and safe, no matter the cost and price I have to pay. Im planning on investing money, open a bank account for her so I can regularly pay and invest money, so one day she will be able to use it at least paying for university, so she wont have to take student loan, and spend her life paying all loans and mortgages and being in debt, as I am now. Is there anyone who can give me advise for my child account and what is the best way investing in childs future? |
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olivie
Apprentice
Joined: 09 Aug 2007
Posts: 4
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| Posted: 01/24/08 - 04:25 Post subject: |
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| Well I can try and give you an advise for most profitable and secure option on investing in your childs future. I did some researches for my child as well, so when I found Child Trust Fund I stopped my search, for the reason that this is most secure option in investing in your childs future. This is government design focused on helping people understand the benefits on saving and investing, reasoning parents that better future of their children is in financial asset investment and building on financial education to help people make better financial choices. Government is giving contribution via HM Revenue & Customs, in vouchers worth 250, which is a start to open a child trust fund account. All further investments made by you are further contribution to your child account, and how you will invest money from child account, in shares, stocks, life products is your choice, but you can never collect money, only your daughter when she is 18 years of age. |
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