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Long Term Savings Options for Children

  • 05-11-2015 12:57PM
    #1
    rubberdiddies
    Closed Accounts Posts: 717 ✭✭✭


    Looking at various long term savings options for children at the moment and was hoping to gain peoples opinions/experience with what you have chosen.

    The term will be 10 years+ and ideally i'd like to be able to put money in monthly (€1000+) with an up-front lump sum of about €10,000.

    Does any one have any recommendations?

    Thanks


Comments

  • #2
    Frogdog
    Registered Users, Registered Users 2 Posts: 983 ✭✭✭Frogdog


    My recommendation:

    1. Open an account with Degiro

    2. Buy index funds/ETFs that track a large, broad based index such as the EUROSTOXX or the S&P 500, and some government/high grade corporate bond index. Each month, buy one of the three funds and alternate which one every month.

    3. Rebalance annually so that you have 33% of your portfolio in each index.


  • #3
    john1963
    Closed Accounts Posts: 271 ✭✭john1963


    anymore than 3000 a year to a child is taxable when they cash it in


  • #4
    john1963
    Closed Accounts Posts: 271 ✭✭john1963


    anymore than 3000 a year to a child is taxable when they cash it in


  • #5
    john1963
    Closed Accounts Posts: 271 ✭✭john1963


    anymore than 3000 a year to a child is taxable when they cash it in


  • #6
    john1963
    Closed Accounts Posts: 271 ✭✭john1963


    anymore than 3000 a year to a child is taxable when they cash it in


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