Savings for children.

[sjedwardz]

I did a stocks and shares isa for ours.

100% in a world tracker fund. A large % of that comes from the s&p500 at the moment but will it be the powerhouse in 20 years?

That’s the nice thing about a world tracker it covers all bases.

[Montello]

I have invested for my nephews and nieces in my isa in an MSCI world tracker. So far it’s done great because of the magnificent 7 but I suspect it will slow a bit but in 10 years or so from now should be a reasonable chunk.

[DONGinsler]

Does the UK have anything like Canada's GIC's (Guaranteed Investment Certificates). They don't go down in value, so no worries about loss.

In Canada. Month to month some banks are paying out 4.5 - 5% interest

$500 minimum

[magpie215]

Does the UK have anything like Canada's GIC's (Guaranteed Investment Certificates). They don't go down in value, so no worries about loss.

I'd say closest thing the u.k has is premium bonds.

Tax free winnings on a draw done monthly can cash out at anytime for face value of bond.

Only inflation eroding the bonds value.