Advice needed on investment of son’s lump sum

[theoneill]

Hi all, my son recently inherited e10K and I’d like to put it away for about 15 years or so which will coincide with his starting college.
I was about to put it all into savings certificates with the post office and just renew every 5 years. But before I commit I’d just like to make sure it’s the best place for his money.
I’d like to see a good return but I’m not comfortable with risking his money for the sake of higher gain. If anyone has any ideas it would be much appreciated.
Thanks

 

[heno55]

the post office is the best place if you are risk averse

 

[Sue Ellen]

Hi,

If you have a look at the you should get some help. Savings Certificates as opposed to Savings Bonds would appear to be the better option with An Post.

 

[praetserge]

Why not put it into a savings account or buy some blue chip companies as long as you stay long term.