Buying Shares for Baby

C

Corinthian

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My new born daughter has received a small cash gift from her grandparents. Rather than have them sit in a bank account for 15 years is there a way to buy shares/funds in her name easily? She has a PPS number. I'm not interested in physical share certs.
 
Any broker will arrange for you to buy a fund.

Look for a low cost index tracker with 100% exposure to equities.

Brendan
 
I love the idea of buying a pension for a child by investing in a low cost 100% equity fund for 60+ yrs. Even a small amount can compound into a monsterous amount over that length.
 
Corinthian said:
My new born daughter has received a small cash gift from her grandparents. Rather than have them sit in a bank account for 15 years is there a way to buy shares/funds in her name easily? She has a PPS number. I'm not interested in physical share certs.
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The cheapest way to buy is online, but you may find that online brokers increasingly charge a minimum annual fee. Hence, owning a share cert, while a little more expensive upfront, will possibly be a lot cheaper if you intend for your daughter to hold it until she is, say, 18. I don't think you can get a share cert for ETFs (although I could be wrong on that), so perhaps you could consider a defensive global brand (Kellogg, McDonalds, Proctor & Gamble etc.) or Berkshire Hathaway.

Rory
 
Rory Gillen said:
The cheapest way to buy is online, but you may find that online brokers increasingly charge a minimum annual fee. Hence, owning a share cert, while a little more expensive upfront, will possibly be a lot cheaper if you intend for your daughter to hold it until she is, say, 18. I don't think you can get a share cert for ETFs (although I could be wrong on that), so perhaps you could consider a defensive global brand (Kellogg, McDonalds, Proctor & Gamble etc.) or Berkshire Hathaway.

Rory
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Im in an identical position to the original poster, where could I buy a share cert.
 
Rory Gillen said:
The cheapest way to buy is online, but you may find that online brokers increasingly charge a minimum annual fee. Hence, owning a share cert, while a little more expensive upfront, will possibly be a lot cheaper if you intend for your daughter to hold it until she is, say, 18. I don't think you can get a share cert for ETFs (although I could be wrong on that), so perhaps you could consider a defensive global brand (Kellogg, McDonalds, Proctor & Gamble etc.) or Berkshire Hathaway.

Rory
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Surely a single share or even a few shares would be a poor choice in this case. A spread is what is needed.
 
cremeegg said:
Surely a single share or even a few shares would be a poor choice in this case. A spread is what is needed.
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Not necessarily...

What to do with a million euros?

Personal details Your age: 49 Your spouse's age: 54 Number and age of children: 2 aged 9 and 14 Income and expenditure Annual gross income from employment or profession: €30,000 (state job) Annual gross income of spouse/partner: €60000 (state job) Pension: have maxed AVC’s (should I also...
www.askaboutmoney.com
 
aidank said:
Im in an identical position to the original poster, where could I buy a share cert.
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Paper share certs, where they still exist at all, are more hassle than anything these days. Almost certainly you'll need to "dematerialise" them - convert them into electronic holdings - before you can do anything with them. And this can be messy, time consuming, and costly. Better to hold shares electronically.
 
ClubMan said:
Paper share certs, where they still exist at all, are more hassle than anything these days. Almost certainly you'll need to "dematerialise" them - convert them into electronic holdings - before you can do anything with them. And this can be messy, time consuming, and costly. Better to hold shares electronically.
Click to expand...

electronic sounds nice too - Is there a company that will put them in the babys name
 
Disney used to do special share certs for kids if you bought shares. Not sure whether that’s still a thing or not.
 
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