I want to give my nephew's son something for his birthday which he won't spend, use, break or waste for a bit. I was planning to buy Premium Bonds for him, but have just discovered you can only buy them for people under 16. He has a computer and all the electronic goodies he wants. Since we're talking confidentially here, he comes from a home of instant gratification, there is no concept of saving, planning or providing for the future. I want to buy him something which introduces the glamour of compound interest ! A sum of money he can watch grow, add to if he wants, but cannot touch without his Dad's permission or till he's 18. Or even 21. His Dad is a responsible parent but his Mum has custody.
Any ideas ?
2007-03-13
23:00:30
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3 answers
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asked by
Anonymous
in
Investing