How should I plan my investment to secure my child future?

I am a software engineer, earning rs: 11k / month, I would like to make some investments which will secure my child's future, can any one suggest me the best intstuments I should opt which will give good returns and also secured returns, My kid is 5 years old.

I recommend purchasing researching your State's 529 plan and investing in that or another States plan if you find one better. See the link below.

If your company has a retirement plan that you can participate (such as our 401-k in America) , I'd recommend checking it out. In most cases, especially with matching funds, it would be the best investment you'd ever made and you should contribute each month as much as you can to your account.

Secondly, I'd recommend you talk to an investment counselor in your locality. Your bank may have one that'd advise you without cost. Since I'm guessing you're still quite young (your child is only 5), the counselor would most likely advise you to invest in a portfolio that's a mix of stocks (for possible high growth but with higher risks) and bonds (lower or no risks but with slower growth).

When you're young, the ratio of stocks in your porfolio will be quite a bit larger than that of bonds. As you get older, it will shift to a point that near your retirement, the ratio will be reversed.

For a good advice there should be more info. Get yourself a financial planner close to you or feel free to contact me. I'll help you for free, but it will take a bit more time because I'll be doing it when I'm free from work.

The best thing to do is get a mutual fund set up for tour child make it a custodian account but make sure you have complete control and the money stays in your control even after age 18. You don't want it to move over until you see the child is responsible. Go to Vanguard , com They have all that for you. If you are worried about it being secure then just buy bank CD'S for the child and they are insured but they Will not get the return that a mutual fund gets. Go to Vanguard they will help you set something up. They are very good and one of the best, If you need more help you can e mail me or Im me anytime. Good luck.

The best thing you can do for your child is secure YOUR future so they don't have to support you when you're old. Make sure that you are maxing out your retirement accounts ever year and aren't carrying any debt.

For your child, I would suggest enrolling in Upromise (http://www.dpbolvw.net/click-2113212-104... It is a free program and you'll get money back deposited into a 529 account for your child. It won't be a ton of money, but every little bit helps.

Good returns and secured typically don't go hand in hand. Since you have over 10 years before you will need this money you should be pretty agressive with your investments so it has a chance to grow. You could open an UTMA or just a regular investment account for them.

Check out Vanguard.com to see what kinds of accounts they have. They're one of the best in the business.

Good luck!

http://www.personalfinance101.org/?utm_s...

It would be wise to have enough to send your kid to the MIT.

It would be wise to invest 20% in Microsoft, EDS, Accenture and Computer Sciences.

I suggest you to open a brokerage account at TD Ameritrade and every paycheck invest at least $1,100.00 USD for a few years.

If you need more detailed FREE financial help then drop me a line.

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