What would you do?

lolamancity

Thanks guys, you really are far more sensible than me. I knew i shouldn't have checked and took it as it was already, and i probably might have not even bothered checking again for a long time IF it hadn't lost (so much) from the absolute off! I also set up a LISA with Nutmeg and that had a little growth and then a little loss and i'm not even bothered about that because it's fresh and new and a small amount anyway, whereas my kids, i've nurtered that money for them through some awful times and for a long time in the case of my eldest and now i'm scared of tarnishing all those personal achievements that mean more to me than just money! So, i think i'm going to have to do as you suggest and only look at it when i'm paying into it - i'm paying monthly deposits into a Santander 5% saver with a view to paying in to each of these funds from that accumulation once a year. I wouldn't even be bothered if i didn't even make any gains at all, i just can't hack losing anything significant out of those JISA's!


Alex - i just don't feel confident messing about with these - my initial aim (in reality, long term if i'm honest) is to just invest and then leave it because i'm clueless . Have i therefore invested it in the wrong place with Vanguard? I really hope not

ValiantSon

lolamancity wrote: »

Thanks guys, you really are far more sensible than me. I knew i shouldn't have checked and took it as it was already, and i probably might have not even bothered checking again for a long time IF it hadn't lost (so much) from the absolute off! I also set up a LISA with Nutmeg and that had a little growth and then a little loss and i'm not even bothered about that because it's fresh and new and a small amount anyway, whereas my kids, i've nurtered that money for them through some awful times and for a long time in the case of my eldest and now i'm scared of tarnishing all those personal achievements that mean more to me than just money! So, i think i'm going to have to do as you suggest and only look at it when i'm paying into it - i'm paying monthly deposits into a Santander 5% saver with a view to paying in to each of these funds from that accumulation once a year. I wouldn't even be bothered if i didn't even make any gains at all, i just can't hack losing anything significant out of those JISA's!


Alex - i just don't feel confident messing about with these - my initial aim (in reality, long term if i'm honest) is to just invest and then leave it because i'm clueless . Have i therefore invested it in the wrong place with Vanguard? I really hope not

Vanguard LifeStrategy is a very good option for just buy and hold investing. I don't think you need worry about having made the wrong choice.

Alexland

Vanguard are a good option however it sounds like VLS80 might have been an investment above your personal volatility tolerance for this Junior ISA money. You might have been happier with the reduced volatility of the VTR funds I suggested earlier in the thread.

Having said that it offers good long term growth potential and you really don't want to be reducing risk when the market has dropped as that makes it harder to recover. Grit you teeth and plough on then consider VTR when you are back in the black.

Alex

BLB53

my initial aim (in reality, long term if i'm honest) is to just invest and then leave it because i'm clueless . Have i therefore invested it in the wrong place with Vanguard? I really hope not

As others have said, VLS is a good option but as you know, there are 5 options with different levels of equities. You have selected the 80% equities which should give a higher return for the children over 10 years BUT it will also be more volatile compared to the VLS 40 for example which holds 60% in bonds.

Here's an article on the DIY site which explains things in more detail
http://diyinvestoruk.blogspot.co.uk/2015/07/what-does-it-takes-to-be-successful.html

I think the solution is not to look at your investments too often OR swap the VLS 80 for one with a smaller % of equities.

LHW99

I think the solution is not to look at your investments too often OR swap the VLS 80 for one with a smaller % of equities.

Or, rather than quickly swapping and making an actual, rather than a paper loss, put new investments into the VLS40, so that you average down the volatility a little

ejmolly

Thank you so much for posting this. I was about to start a new thread “how often should I check”. This post has given me reassurance!
I also opened very same accts for my 2 girls and going open for my son as soon as I got the £500 min. I pay in £50/month into these. I also been alarmed at such a drop in the few weeks since I opened so I’m going to have to reduce frequency of viewing!

lolamancity

Hi all, i was wondering if someone could answer a quick question for me?


I have 2x Junior ISA with Vanguard LS and have left them as they are for a year now. I have been saving a small amount each month into a current account linked 5% saver to split between my kids ISA's and my LISA with Nutmeg. The saver has matured this week, so i've come to move the money today into the accounts it was intended for.


My question is, when i go to add funds to the kids ISA's, it's giving me two options - one is to add cash, one is to 'buy investments'. I'm confused, what's the difference between each action?

Zorillo

Option one is adding cash to the account in order to buy investments later.

Option two skips option one.

lolamancity

thank you so much Zorillo

lolamancity

Hi guys... wondered if anyone had any thoughts on my next idea!?


As mentioned in the OP, i have last week received 14k inheritance (on top of an initial 2.5k at the back end of last year, which i have stuck in a new Nationwide Flex account for the 5% interest).


I'm looking to put 10k of this 14k into some sort of account where it can just sit untouched for a few years. Ideally no more than 3, preferably 2 years. I've got too many pots of money dotted around in S&S ISA's, LISA's and JISA's to not be up for taking any more risks for the time being, so i thought something like a fixed term boond would be a better idea for peace of mind. I've used a few comparison sites and found a 30 month FT bond with PCF Bank - but strangely it doesn't appear on any of MSE best buys. The rate is advertised as 2.35%, which seems pretty decent to me...the 3 year FT bonds don't seem to be much more than that rate, and the 2 year ones don't seem close enough to that rate to be considerably better.



So, would this next move be a sensible one? Or is 10k too much of a decent amount to leave sat in an account even though the alternatives carry risk at a volatile time in the world!