Morning all, Thought I would sound out the brains trust on here with much more experience than I. Situation is that I have $5k for each kid (2 of) to put away for when they turn 20'ish (depends on how the next 15 years go). Plan is to put the money somewhere and not touch it, reinvest all the earnings/divi's. For simplicity it would be put in the wifes name, pay a bit of tax on the way through and then give the kids a nice little deposit for uni/car/house. I read about ETF's and LIC's but can't quite commit either way at the moment. The other scenario that is getting serious consideration is one or two direct shares (banks look juicy around 10% grossed up for example at the moment). I'm yet to be convinced even if the wrong stock is picked, if it is a safe stack and still there in 15 years it will have done OK. Maybe not as well as the top stock which only hindsight can tell us was the right one, but well enough that the initial funds are still there. Have had some money in YMAX for 3 years and this hasn't been the greatest decision at the moment. Happy to have any feedback and answer any questions.