Spencer Lodge Fund Advisers Educational Planning

Spencer Lodge

Spencer Lodge MD Fund Advisers Dubai. You want the best for your children. Everybody does. But not everybody takes the right steps to do something about it. The key is to start young. If you start planning for your child's or your children's education at an early stage, by the time they reach university and are ready to make life-defining choices, you will have the resources you and they need to seize those opportunities. The people who take the long term view are the ones who really do get the best for their children.

Consider John and Alice, who recently had their first child, Emma. Her arrival brought a change of circumstances, and a need for a new strategy. With the rising cost of University courses, they needed a plan to help meet the costs of education.

John and Alice had limited existing savings, but did have a monthly surplus of $1200. From this they wanted to save for a future car purchase, house re-decoration and baby supplies. This left $600 to invest for Emma's education.

Fund Advisers were able to recommend a savings plan with the options to increase, decrease or even to take a break from payments if circumstances changed. We then looked at which plans offered the best value for an investor at their level, and had suitable funds to meet their risk profile.

Three years later and their investments have grown by almost 10% p.a. They have recently had a second child and are taking a brief holiday from investing. Their plan remains on target to provide a great start at University for their first child Emma and plans are in place to increase the amount saved once Alice returns to work.

By maintaining their premiums, John and Alice will have saved over $270,000 towards their children's education, if their investments continue to perform as they have done for the past 3 years.