Junior stocks and shares ISA

330d

I'm looking to open a junior stocks and shares ISA for my 2 children. Was planning on starting with £5k lump sump and then adding around £100 a month.

I've done some research and would prefer one with a ready built portfolio. Something like this, https://www.vanguardinvestor.co.uk/what-we-offer/ready-made-products

I understand there is risk involved but generally the trend is upwards when looked at 15 years timescale.

Any thoughts?

Doctor_Who

With a 15+ year timeframe a S&SISA is a good choice. Note that the Lifestrategy funds have a significant UK bias, this maybe something you want. Over your timeframe a VLS fund with higher equity/lower bond allocation would make sense. Otherwise a low cost global equity tracker may be a good choice to just add to each month.

330d

Thanks, any other views on this?

masonic

Not really much to add to Doctor_Who's comments. You might also want to take a look at Fidelity as they don't charge custody fees for their JISA, but it's more suited to annual lump sum rather than monthly contributions due to the trading charges.

Alexland

masonic said:

You might also want to take a look at Fidelity as they don't charge custody fees for their JISA, but it's more suited to annual lump sum rather than monthly contributions due to the trading charges.

For investing in a fund such as VLS via a Fidelity JISA there wouldn't be any trading or ongoing fees - exactly 0.15% cheaper than investing in the same fund directly via Vanguard.
Fidelity trading charges only apply to exchange traded investments.

masonic

Alexland said:

masonic said:

You might also want to take a look at Fidelity as they don't charge custody fees for their JISA, but it's more suited to annual lump sum rather than monthly contributions due to the trading charges.

For investing in a fund such as VLS via a Fidelity JISA there wouldn't be any trading or ongoing fees - exactly 0.15% cheaper than investing in the same fund directly via Vanguard.
Fidelity trading charges only apply to exchange traded investments.

Thanks, I did check the charges page, but it wasn't clear that open ended investments were treated differently (I've only ever held exchange traded investments with Fidelity to benefit from the fee cap on other products). That makes it a no brainer for the OP.

monki76

Hi new here.

any thoughts on the Hargreaves Lansdown JSASISA.

wanting to save for 18years so think stocks/shares is the way to go. 

Any thoughts

TIA

Neil

Tonski

I've been using Fidelity for my daughters junior ISA for just over 1 year and i'm very pleased with them.
We are invested in this which is pretty cheap and seems a good fund:
Fidelity Index World Fund P Accumulation Key Statistics | GB00BJS8SJ34 | Fidelity

I think @Alexland suggested it a while ago so thanks again for the suggestion.

Nurse2047

I also use Fidelity, same fund as Tonski. 

Alexland

Tonski said:

I think @Alexland suggested it a while ago so thanks again for the suggestion.

No problem and nice to be remembered as I sadly don't get time to post regularly anymore but I sometimes still lurk.
HL are probably just as good a choice as Fidelity now they have also dropped the JISA fee and my experience of having accounts with both is their customer service levels are similar. I no longer have other accounts at HL but still have other accounts with Fidelity so it suits me accepting their free JISAs and child SIPPs for less logons to remember.
My kids have done well with Fidelity Index World fund over recent years no complaints it's simple and it works. Maybe I will start de-risking an increasing % of their account valuations into a money market fund in the final 5-7 years before withdrawal depending on market conditions at the time.

PSteady

monki76 said:

Hi new here.

any thoughts on the Hargreaves Lansdown JSASISA.

wanting to save for 18years so think stocks/shares is the way to go. 

Any thoughts

TIA

Neil

Same, I'm new here and opened a HL SS JISA because they have scrapped all Fees on the JISA.

Just tracking the replys just to see what people say are the best Trackers to follow long term.