preston, your daughter not even 2 .. you got 15-20+ years, no need to take risk buying some hopeful .. you got enough time to buy a boring blue chip, over the time it'll reward with markedly lower risk .. i buy my niece and nephew etf's adding to them for birthdays etc .. risk is just market and given time that be wealth creation ..
ponder how your life would be different if somebody had started it for you 20years back ..
Blik - My son is 4 now, and we're investing monthly into a Satrix40 account for him for the last three years. We've recently sold all this old baby stuff like prams, cots, camper etc and re invested the proceeds back into this account. One day he'll be glad to know that his second hand pram is paying for his car, stusies etc. It's quite amazing to see how quickly this fund have grown. Someday dad might even scoop some cream of this fund after all his costs have been covered.
Dear ms Moneybags I am filled with admiration( "polite recognition of another's resemblence to oneself") at your undoubted resourcefulness but can't help asking myself whether we differ in some key respects such as why your apparent idea of fun is running backwards up a hill in army boots with a pack on? Oh well ,I suppose it all goes to make up a market?
I was invested in Satrix 40, Satrix Divi and Rafi for a long time.. I totally agree with Simon.. Buy something that doesn't require continuous management. My only comment is that when I compare Satrix with some of the unit trusts/funds out there...Satrix doesn't look that appealing.. I don't have kids or anything, so at the beginning of the year I pulled my Satrix and bought Woolies and Pinnacle.. So far I'm smiling, but this is obviously a different strategy as it requires management.. For the kids, Satrix or funds is the way forwqard!!