Junior ISA - part cash, part stock

jpowell79

Hi Guys,

I want to open up a Junior ISA fund for my daughter. I want to invest £100 a month, and would ideally like to invest £50 a month into a junior cash ISA for a bit of security and £50 into a "medium-risk" stocks&shares junior ISA.

Could I put £50 a month into a 6% Halifax junior ISA (I understand I have to open an ISA with them myself in order to qualify for the 6%) and £50 into a Hargreaves Lansdown Vantage ISA?

Would this be the best way to do it? Or are there better ways to invest?

Just looking for ideas or suggestions.

thanks

jimjames

jpowell79 wrote: »

Hi Guys,

I want to open up a Junior ISA fund for my daughter. I want to invest £100 a month, and would ideally like to invest £50 a month into a junior cash ISA for a bit of security and £50 into a "medium-risk" stocks&shares junior ISA.

Could I put £50 a month into a 6% Halifax junior ISA (I understand I have to open an ISA with them myself in order to qualify for the 6%) and £50 into a Hargreaves Lansdown Vantage ISA?

Would this be the best way to do it? Or are there better ways to invest?

Just looking for ideas or suggestions.

thanks

You can only have 1 of each type of JISA so your plan is possible.

Personally if the money is for the long term then I would only use the share part not cash. Unlike most other products we seem to worry when shares go down in price rather than being happy we can now buy more at a lower price but if food drops in price we are pleased!

Archi_Bald

jimjames wrote: »

.... so your plan is possible.

provided the kid is eligible for a JISA: https://www.gov.uk/junior-individual-savings-accounts