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Investing a 9 year olds inheritance money.

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  • Cornish_mum
    Cornish_mum Posts: 669 Forumite
    Fifth Anniversary 500 Posts
    Hi I just wanted to chip in with a similar experience, with a slightly older child (age 11); I spoke with my son about risk of investing and types of companies (his thoughts about both). This helped me choose the type of fund to buy on his behalf within a J (S & S) ISA and helped him start to understand about money.

    You may find monevator website helpful information about platforms and types of products. Key thing is to understand the fees. CM
  • scott_lithgows
    scott_lithgows Posts: 1,427 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Hi,got a 13 & 15 year old but they were 7 years younger when my mum passed.
    She had saved a tenner a week  in each of their child trust funds but had instructed me that it was for college/university/driving lessons..
    So I levelled the amounts but placed £1000 each in their normal passbook as they wouldn't be able to access the cash till 18.so no driving lessons at 17 then.


    I have a deep burning indifference
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