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Junior ISA Cash or Investment?
Fuzzy39
Posts: 19 Forumite
I'm looking to put some money away for my children in ISAs (neither has one at the moment). Do I go for a cash ISA or an investment one? Cash ISAs seem simpler with some offering 3.5% which isn't bad considering, but I believe investment ISA's can offer more if the money is left longer in the account (5 years +) and the right investment trusts are chosen. The trouble is I have no experience of of investment trusts. Is it worth my time to do some homework and go investment or simply take the 3.5% and in reality, how easy or otherwise is it to make the correct investment choice?
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Comments
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How old are your children?0
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I would go with investments for the children over cash, assuming they aren't say 14-15 now?0
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