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Investments For Kids


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#1 FLD

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Posted 15 May 2019 - 07:33 AM

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

#2 rabbidog

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Posted 15 May 2019 - 07:36 AM

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

#3 T VXT

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Posted 15 May 2019 - 10:19 AM

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

#4 FLD

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Posted 15 May 2019 - 10:20 AM

thanks guys thumbsup

#5 Foxy

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Posted 15 May 2019 - 12:30 PM

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

#6 C8RKH

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Posted 15 May 2019 - 10:15 PM

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

#7 Mat Jackson

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Posted 19 May 2019 - 08:25 AM

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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#8 smiley

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Posted 19 May 2019 - 08:48 AM

bitcoin.



#9 JG

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Posted 19 May 2019 - 10:28 AM

Two children's savings account paying 2.5% each. 



#10 Ali87

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Posted Yesterday, 09:55 PM

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 :lol: !)




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