Should I move my 9 year old daughters Cash JISA

kellyb2582

I have been debating moving my daughter’s Cash junior isa to a stocks and shares ISA.  She will be 10 in April and I don’t know if I have left it too long to see any real return.  

I want to maximise her return any advise would be welcomed.

gravel_2

Simply moving from a cash to S&S ISA doesn't mean anything - what would you invest in within the S&S ISA?

Exodi

Of course if someone asked the same question 9 years ago, they'd be up ~118.5% invested in something like VWRL (compared to CPIH inflation of ~40.5% over the same period).

Naturally past performance is no guarantee of future results, and unfortunately no one has a crystal ball to give you a definitive answer, with risk comes reward.

The time horizon is long enough that should she encounter a dip, she would have time to recover. If you expect she'd need the money specifically at 18 (e.g. to buy a car or whatever) then you may want to de-risk beforehand.

Of course, this depends on if you plan to invest somewhat sensibly and do some research. If you intend to YOLO in TSLA or individual stocks then probably best to leave it in the Cash ISA.

Alternatively, you can do half-half by utilising a Sterling Short-Term Money Market Fund in a S&S ISA.

kellyb2582

I’m pretty clueless when it comes to investing but I want to maximise her return.  She wouldn’t use the money at 18 I want this to go towards a deposit for a house when she’s old enough.

kempiejon

kellyb2582 said:

I’m pretty clueless when it comes to investing but I want to maximise her return.  She wouldn’t use the money at 18 I want this to go towards a deposit for a house when she’s old enough.

It's already hers if it's in a junionr ISA, I think at 16 you lose control.
https://www.gov.uk/junior-individual-savings-accounts 

Parents or guardians with parental responsibility can open a Junior ISA and manage the account, but the money belongs to the child.The child can take control of the account when they’re 16, but cannot withdraw the money until they turn 18.

If not 18 at what age will they be old enough? Is there a reason for you to want to restrict her having money before 18? If you cannot trust them or yourself to instil in them the right attitude you need to keep it for yourself and only release funds when you think they are allowed it.