Save Now, Smile Later
It will pay in the long term to plan now for your kids’ tertiary education. Vivienne Taberer, a portfolio manager at Investec Asset Management, shares her advice to future-proof your child’s education dreams
‘In my opinion, the most important thing you can give your children is a good education,’ says Taberer, who has two sons aged 12 and 10. ‘This includes ensuring that your estate can provide in the event that you’re no longer there, but equally starting to invest for their education as soon as possible.’
Taberer suggests regularly investing in unit trusts on your children’s behalf. ‘Unit trusts are an easy and flexible way to get access to financial markets,’ says Taberer. ‘There is a huge selection available, catering for all risk profiles, from very conservative options (such as money-market or fixed-income funds) to balanced funds offering diversification across asset classes like equities, fixed-income assets and offshore investments, and more aggressive funds, which have exposure to riskier asset classes like equities (the stock market).’
Taberer suggests setting up a debit order and paying a fixed sum at the end of each month. ‘This ensures you remain disciplined, as the money is invested before you’re tempted to spend it!’
To find out more about your investment options or to contact a consultant visit www.investec.com.