Investor Views: "We’ve Trebled our Money Over a Decade"

Private investor Michael Schofield tells Morningstar how an inheritance should help his grandchildren to get on the property ladder

Emma Simon 10 December, 2015 | 9:00AM

Children’s savings plans are not just for babes in arms. Michael Schofield, a retired entrepreneur, invested a lump sum on behalf of his grandchildren, the eldest of who was just turning 18.

These investments are still going strong, and his grandson, Jon, now aged almost 30, hopes to use this capital to pay for a deposit on his first home.

Schofield says: “My aunt died almost 12 years ago, and left my grandson and granddaughter a sum of money. My daughter wasn’t sure how best to invest it for their future so asked me for advice.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Witan Ord185.00 GBX1.76

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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