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Old 12.04.2011, 16:31
kfp kfp is offline
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investing for a child

I wondered if anyone had any advice on investing for a child in Switzerland. the child in question in British not Swiss and is not mine but my Godson. I would like to start a long term investment. Are there tax rules etc. Can I do it? I should know about? One option is to buy gold year on year as he grows up. Is this a good idea?
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Old 12.04.2011, 17:14
yasmina
 
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Re: investing for a child

I wish I had godparents like you! I get a tenner a year for my birthday... (suppose it's not that bad, but I'd love a pot of gold )
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Old 12.04.2011, 17:18
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Re: investing for a child

<insert usual "send me the money and I'll look after it for him..." gag>

I don't know anything concrete - my in laws tried investigating this, and it seemed awfully complicated, vs. e.g. options in the UK.

However, health insurance companies, like Assura, offer a paying-in scheme where you can put in X a year until majority. Again, I don't know who can and cannot do this, but you can make tax deductions for gifts, and I'm guessing that insurance companies are not too fussed about where they get their money from.
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Old 12.04.2011, 17:22
economisto
 
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Re: investing for a child

Two tips to start you off:
1. No, don't buy bleedin gold.
2. Invest in the currency the child is most likely to want to spend in, not the currency you might earn in. Remember, currency doesn't have to concern location, you can do USD/EUR/GBP here too.
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