Invest for my 5 month elderly within America or UK?
I'm an American living in the UK. I have a 5 month matured daughter and would like to help support her financial future. At present I can afford to invest lb1000 (the equivalent to approx.$2000) per month. Am i better off investing contained by the UK or America or both and what type of investments/funds should I open?
Answers: The long term returns contained by both countries are quite good. Currency fluctuations though, plan that while it is very cheap to buy dollars with GBP, it might not other be so. I would invest for her in the same country contained by which you see her living long term. If you expect to return the US, it would make more sense to invest here, and in the short term, will be completely cheap for you to buy dollars.
As you're talking about a long permanent status investment, there are 2 strategies you can run with. A conservative strategy would invest the money contained by lower yield (and lower risk) investments like bread, low risk bonds, property or property management funds. The power of compound saving (earning interest on interest) over a long time of year of time is phenomenal and will safeguard her investment against inflation.
On the other hand, since you're looking at a 15 - 20 years long term investment, its worth considering risky investments, such as corporate bonds, stocks or stockmarket base equity funds. You could even allocate some or all in comparatively risky technology stock. These type of investments will provide high returns on average (perhaps 15-25%), but will be quite undependable.returns may fluctuate a great deal between years, and might even be negative. But because of the long occupancy nature of the investment, it can make sense - over 15 years, soaring average gains will offset the occasional desperate years.
I wouldn't worry too much about what country you invest surrounded by, though. Its easy enough to move the funds elsewhere if you shift your mind later, and for now, both economy have similar outlook. Britain may be slightly better, but its very cheap to buy US dollar investments. The switch thing will be just to start, within whatever country thats easiest for you right now, and within whatever country you expect her to be enjoying the benefits of your investment.
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Answers: The long term returns contained by both countries are quite good. Currency fluctuations though, plan that while it is very cheap to buy dollars with GBP, it might not other be so. I would invest for her in the same country contained by which you see her living long term. If you expect to return the US, it would make more sense to invest here, and in the short term, will be completely cheap for you to buy dollars.
As you're talking about a long permanent status investment, there are 2 strategies you can run with. A conservative strategy would invest the money contained by lower yield (and lower risk) investments like bread, low risk bonds, property or property management funds. The power of compound saving (earning interest on interest) over a long time of year of time is phenomenal and will safeguard her investment against inflation.
On the other hand, since you're looking at a 15 - 20 years long term investment, its worth considering risky investments, such as corporate bonds, stocks or stockmarket base equity funds. You could even allocate some or all in comparatively risky technology stock. These type of investments will provide high returns on average (perhaps 15-25%), but will be quite undependable.returns may fluctuate a great deal between years, and might even be negative. But because of the long occupancy nature of the investment, it can make sense - over 15 years, soaring average gains will offset the occasional desperate years.
I wouldn't worry too much about what country you invest surrounded by, though. Its easy enough to move the funds elsewhere if you shift your mind later, and for now, both economy have similar outlook. Britain may be slightly better, but its very cheap to buy US dollar investments. The switch thing will be just to start, within whatever country thats easiest for you right now, and within whatever country you expect her to be enjoying the benefits of your investment.