Tony Jackson gives his grandchildren £50 worth of shares each month
Credit: Chris Watt Photography
Giving your children or grandchildren investment trust shares for Christmas may not spark the same reaction as a Lego set or the newest games console – but wait 20 years and they will certainly thank you.
Investment trusts are listed on the stock market and own stakes in other companies. They are looked after by a fund manager who seeks out the most promising firms from around the world and charges a fee for the trouble.
Over a 20-year period, returns can be spectacular, far outstripping those of savings accounts and protecting against inflation, which erodes the value of cash.
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