To think people shouldn't moan about the CTF being "worth nothing now"

[BertieBotts]

Before I start I will say that I agree with the majority that the Child Trust Fund was a waste of money and can easily afford to be scrapped.

But I am a bit fed up of people saying it's useless because their DC's account is now worth less than £250. If you wanted it to increase in value steadily, why didn't you put it in a savings type account instead of a shares account? And surely the point of a shares based account is that is can go down in value as well as up, but it's fairly irrelevant what value it holds now if the money isn't going to be accessed for another 14 years.

My son's has actually made £20 in the last year! So not all of them are losing money. Also, it has 17 years to make more money!

i concur Bertie

i've seen several people complain about how much their children's CTFs are worth over the last few weeks. they don't seem to get that it's a long-term investment. and, as you say, that they dcould have chosen a savings account if they wanted a regular increase

Both ds's have gone up. still think the whole scheme was a shamefull waste of money though

DD's had been increasing steadily since it was opened then in the last year about £100 got knocked off it due to shares or whatever. I really couldn't give a toss what it ends up being worth. At the end of the day it was 'free' money so you are right, people shouldn't moan after all they chose where to invest it!!

Ive added to my ds's every month some is in shares til hes about 12 i lost a bit in 2008 but last year gained about £250 .

I think people who left it and didnt decide where to put it have it automatically put into shares stupid to moan about it

Im happy with mine and glad i recieved it as when my ds was born saving for when hes 18 was last thing on my mind.

Ive added to my ds's every month some is in shares til hes about 12 i lost a bit in 2008 but last year gained about £250 .

I think people who left it and didnt decide where to put it have it automatically put into shares stupid to moan about it

Im happy with mine and glad i recieved it as when my ds was born saving for when hes 18 was last thing on my mind.