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Investing/saving for future kids

3 replies

ammature · 30/12/2015 15:51

I'm pregnant and due in feb. I would like to save my child benefit with a little more added so about 100 a month for my child's future. I have no real knowledge of investing etc but would be open to this if anyone can advise how best to proceed.

OP posts:
QuizteamBleakley · 31/12/2015 10:39

I just posted this on a similar thread so it's a straight C + P...

We use Hargreaves Lansdown and have 4 different stocks & shares funds for our two DC. We invest £100 pcm and their GPs give us a £500 every April. We're playing the long game as our DC are 6 & 4 so 'play the odds' of stocks & shares over woeful interest rates.

I can't praise Hargreaves enough - they are exceptionally helpful.

Good luck on your impending arrival! Flowers

ammature · 31/12/2015 12:03

Thanks this is really helpful. How does it work do I just phone these ppl for a chat? I'm not a high earner so never really invested/saved before. Thank you!

OP posts:
QuizteamBleakley · 31/12/2015 12:59

I'[m pretty clueless with financial stuff but my DF was in the financial sector and he recommended them. I'd suggest reading something like this to get a basic understanding.

I'd certainly say you'd need to at least understand the difference between investing in an ISA or stocks & shares. One is more risky but POTENTIALLY could yield higher returns.

Tis a minefield so get a bit of an understanding.

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