15 replies to this topic

[FLD]

With little un on the way we were thinking about starting some sort of investment account. I have very little interest in eeking out every last penny from the financial system but I know some folks here are a little more money savvy than myself.

I'd really appreciate some input / guidance on what works so that we can do something good for the little sh1t. What have you folks done?

TIA

[rabbidog]

A junior ISA would probably give the best interest rate at the lowest risk.

[T VXT]

If it’s a long term investment say 18 years, a childrens stocks and shares isa should be considered.

Investment returns are not guaranteed, will go up and down but over a 18 year period the general expectation is it would be significantly higher returns than any fixed investment (but might not be).

All down to attitude to investment risk.

Have a read of this:

https://moneytothema...-shares-isa/amp

[FLD]

thanks guys

[Foxy]

As said, JISA is the way. If you’re going the S&S route (I have) I would suggest sticking to index tracking funds.

[C8RKH]

Can't believe you've all missed the obvious one. Mint, low mileage, VX, professionally stored for 20 years. Job done.

[Mat Jackson]

I invested into a stocks and shares isa, but in the wife and my names. The downside of investing in your kids name is they may suddenly have thousands of pounds at 18 and not the maturity to handle it.
Tax wise, if it’s in an isa, it makes no difference


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[smiley]

bitcoin.

[JG]

Two children's savings account paying 2.5% each. 

[Ali87]

Whisky. If you can stretch to/find a cask ideal (just make sure they save up to cover the tax for bottling time!) otherwise a few nice/limited bottles. It'll never go down in value. I've a bottle I bought 8 years ago for £300. It's now going for £3k + online! (tried to sell it on here a few years ago for £700, glad I didn't have any takers now !)

[FLD]

Hmmm, invest in alcohol to give to a child when it turns 18. I can see some slight flaws in that plan.

[siztenboots]

just each year add another of the Càirdeas Triple Wood Cask Strength from Laphroaig in a nice locked chest

[TheRealVXed]

JISA is paying 3.25% atm, which is pretty good.

 

Alternatively, Zopa is a P2P lender and gives 4-8% returns depending on your risk appetite and the STL market at the time (over the last 12 months I have had around 7% returns on spread risk portfolio with them), it also rolls it month by month, so your compound interest period is a bit shorter than a conventional savings account/ISA.

 

It all really depends on how much money you are playing with and how much time you have.  Best bet for anything under about £4.5k in a 12 months period would be the JISA, but I would also buy some premium bonds with that too, as there is a monthly draw and you can win from £25 to £1mn.

 

Check out the NS&I website https://www.nsandi.com/our-products

 

Zopa https://www.zopa.com/

 

VXed

[FLD]

JISA is paying 3.25% atm, which is pretty good.

 

Alternatively, Zopa is a P2P lender and gives 4-8% returns depending on your risk appetite and the STL market at the time (over the last 12 months I have had around 7% returns on spread risk portfolio with them), it also rolls it month by month, so your compound interest period is a bit shorter than a conventional savings account/ISA.

 

It all really depends on how much money you are playing with and how much time you have.  Best bet for anything under about £4.5k in a 12 months period would be the JISA, but I would also buy some premium bonds with that too, as there is a monthly draw and you can win from £25 to £1mn.

 

Check out the NS&I website https://www.nsandi.com/our-products

 

Zopa https://www.zopa.com/

 

VXed

 

Perfect, thanks. 
 

[slindborg]

Oh, congrats

[FLD]

She's not dropped it yet!!  Skelator is due on the 15th.