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Trust Fund (withdrawal)
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Hi there,
bit of a complicated if not interesting one here. We have a trust fund for Theo which previously had £855.36 in it last year, now because of the shit hitting the fan it has gone down to £600.36 so that is a loss of £255.00 now both me and Laura do not which to keep the money in here and we would prefer to remove the money and put it in a savings account (locked from access from us to withdraw untill he is 18 or 20 etc) so. is there anyway we can withdraw this? we'll phone them but its saturday atm
bit of a complicated if not interesting one here. We have a trust fund for Theo which previously had £855.36 in it last year, now because of the shit hitting the fan it has gone down to £600.36 so that is a loss of £255.00 now both me and Laura do not which to keep the money in here and we would prefer to remove the money and put it in a savings account (locked from access from us to withdraw untill he is 18 or 20 etc) so. is there anyway we can withdraw this? we'll phone them but its saturday atm
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Comments
However, you might want to consider leaving it in, because if you did transfer it out now then you'd be taking it when it's at its lowest point. If you look at the long-term view it's more likely to go up again.
Of course I'm not a financial advisor.
Exactly! Any good investor looks at a return of 10 years or more, not by monthly/yearly fluctuations.
Itll go up again before hes 18, dont worry
any way I can track the current share prices? how would I work that out, i know bugger all about shares