We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Confused about choosing a junior s&s isa
GreenTrampoline
Posts: 1 Newbie
Hello!
I'd like to save £50 per month for my 4 year old son. I think due to the length of time of investment, it would be wise to consider a s&s isa instead of cash. However, I've never had one before and choosing one is confusing. Does any have a recommendation? I want a "pick and forget" option as far as possible, because I'm a working single parent and may struggle to chop and change provider every year!
The MSE best buy guide for junior cash ISAs is fantastic, but I can't see any impartial guidance for s&s ones?
Any recommendations would be great!
Thank you
I'd like to save £50 per month for my 4 year old son. I think due to the length of time of investment, it would be wise to consider a s&s isa instead of cash. However, I've never had one before and choosing one is confusing. Does any have a recommendation? I want a "pick and forget" option as far as possible, because I'm a working single parent and may struggle to chop and change provider every year!
The MSE best buy guide for junior cash ISAs is fantastic, but I can't see any impartial guidance for s&s ones?
Any recommendations would be great!
Thank you
0
Comments
-
Yes 14 years is definitely a holding period where it would make sense to opt for S&S over cash. If you want simplicity then the best option is a cheap multi-asset fund. There are various options such as Vanguard Lifestrategy, HSBC Global Strategy, L&G Multi-index, Blackrock Consensus etc. Each has different options depending on how much risk you'd be comfortable with. After choosing a fund like this, it is not only acceptable to forget about it, it's recommended not to look at it until/unless your circumstances change. One such change would be when you know the money is likely to be needed in the next few years.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards