Investors who are thinking about setting funds aside for their children should first consider their own retirement. My view was the best thing I could give my children was a good education. If you do want to invest in a physical asset, I would consider LICs, residential property or investment bonds.
Managing my portfolio and super strategies
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The best way to give money to the family
Whatever you do for the first born you must do for any subsequent children - you can't play favourites.