JISA should I move/cash it in?

Curly39

My son has had a JISA for some years now invested in  Vanguard Life Strategy  60% Equity Fund which has always done well. It has dropped in value substantially this year which is making me nervous and I’m looking for advice on the best action to take? We have another 5 years before he turns 18 so I think it is probably do nothing and ride it out.  Advice and reassurance greatly appreciated 

Marcon

Curly39 said:

My son has had a JISA for some years now invested in  Vanguard Life Strategy  60% Equity Fund which has always done well. It has dropped in value substantially this year which is making me nervous and I’m looking for advice on the best action to take? We have another 5 years before he turns 18 so I think it is probably do nothing and ride it out.  Advice and reassurance greatly appreciated 

It can't be cashed in until your son turns 18, except in exceptional circumstances, so that's not an option.

Worth reading to help answer the 'move it?' part of the question: https://www.moneysavingexpert.com/savings/junior-isa/

PParka

Don't look at it That's what I'm doing with our JISAs, ISAs and Pensions.
Most investments are taking a hit at the moment.  Hopefully, his ISA will have recovered in 5 years time.  Even if it hasn't he could keep it invested beyond his 18th birthday.

wjr4

Why would you sell the funds now when you have at least 5 years to go? You only lose money if you crystallise the loss.