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Which investment for 17 year old?
josers
Posts: 1 Newbie
I have money i want to investment but find it difficult to find a good account because with all bonds that i have found, you must be 18. Also you need a current account which i can't open.
Can anyone help?:huh:
Can anyone help?:huh:
0
Comments
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Send the cash to me via Western Union and I will look after it for you. I'm serious.
This comment is based on journalistic research. It does not constitute financial advice. Any information should be considered in regard to specific circumstances. All tips are followed at your own risk and should be followed up with your own research .0 -
Have you looked at ISAs? You can get a pretty decent rate, open it in his name, and anything you deposit for him now will continue to accrue interest tax free once he is paying tax.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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What type of bonds are you looking at?
As you mentioned investing, that could be investment bonds (unlikely), corporate bond funds (possible but no minimum age unless you are using an ISA) or Guaranteed equity bonds (probable as they do usually have a minimum age of 18).I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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