Recommend me an investment fund for Child Benefit allowance

[sicasey]

Instead of frittering away the small monthly child benefit allowance we receive (£82.80) for our new born, from the government, I figure it would be best practice to try and invest it wisely in the vain attempt that it may be worth considerably more in +18 years time.

So far I've been buying a few technology stocks - Apple / Microsoft thinking that in years to come they will have cornered the market with home robots and automated hovering cars in every household. This in the short term doesn't work out well due to the £12 commission for each trade and just shows a huge loss. And without a lump sum to invest there's no real way around this.

I'm figuring that buying into a managed fund every month would be a more sound way of investing such small amounts of money?

I'd really appreciate anyones advise / experience on how best to proceed please.

Cheers.

Edited by sicasey on Monday 5th December 18:32

[sicasey]

sidicks said:

Given the long investment horizon you have, personally I'd go for a cheap Global equity tracker fund.

Thanks both. Do you have any Global equity tracker funds you could recommend please?

[sicasey]

Thank you all for your replies and information, it's greatly appreciated.