£50 per month to invest for children. Advice please

happymum37

Hello

So i have £50 per child  to invest per month ( I have 2 aged 6 and 9).

They currently both have 4k each in premium bonds. 

They have no other savings or bank accounts. 

As you can tell I'm a bit green with investments. 

Please could you advise where to start?? I am a carer for relatives and am returning to work so don't have lots of time to keep swapping and changing accounts.  I would be happy with a medium risk investment and would like the money accessed age 21

Thank you

Nurse2047

https://www.vanguardinvestor.co.uk/what-we-offer/life-strategy-products Vanguard S&S ISA 

https://www.vanguardinvestor.co.uk/investing-explained/ESG-funds These may help?

or a regular saving account?

Albermarle

Similar thread
What funds do you invest in for a child? — MoneySavingExpert Forum

xylophone

You haven't opened a JISA for each of the children? Example

https://www.fidelity.co.uk/junior-isa/

You  might consider a Global Multi Asset Fund.

https://monevator.com/hsbc-world-index-portfolio-fund-of-funds/

Herbalus

A junior ISA will give them control at aged 16 and access at aged 18, so is a good option if you’re not fixed to the 21.

Otherwise, you’d need to keep the funds in your own name and then gift it to them at 21. There isn’t another simple way of preventing them having it beforehand. In this case I’d use a stocks and shares isa.

for my own child I opened a vanguard junior isa and contribute the child benefit (c84/month so not far off from you) into the global all cap fund. Though I may shortly transfer to fidelity as that is free for junior isas. Then you just need to pick the investment. In fact I’d look at something very similar to what xylophone has mentioned so that’s not a bad shout.