20k fund choice in Davy for children

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David_Dublin

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My 2 kids, 14 and 16, inherited 20k each a few years back. It's in a trust account in Davy as cash. I've been paralysed by fear of losing them money investing in the wrong thing, I just need to get the finger out now.
I can help the kids with money day to day, so the likelihood is this will be for a horizon of 10 years or thereabouts before they need it.
My default thinking is to choose an equity fund with concentration of blue chip/high dividend stocks. Can anyone recommend me what I should consider please?
I'm going to gift them 3k each when i set this up to address my guilt of not doing this sooner. I'm much more decisive/less worried about performance when it's my own money!
 
The thread title still doesn't really make sense. Isn't Davy largely irrelevant to the key question? Unless the trust is locked in to Davy for some reason and the money can't be invested elsewhere on behalf of the children if necessary? In which case all you can do is choose an appropriate fund/asset mix via them?

So...
  1. Is the trust fund locked to Davy only?
  2. What investment options do Davy offer in relation to this trust fund?
  3. Who set up this trust fund and what restrictions/conditions apply?
  4. What is the likely use for the funds in a decade or so - presumably putting it towards accommodation in each case is one likely option?
Here are some more threads that may be of interest especially if the money isn't locked into Davy...

 
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Davy currently have the money, on cash deposit. U could move it. But if there are funds in Davy that are just as good as elsehwere, I'd be inclined to just leave there. But there are no specific restrictions to moving the funds. I just thought it might be easier to leave there. Thanks for sharing links/suggestions.
I don't know what the funds might be used for in the future. Maybe accommodation, relocation, wedding etc.
 
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