Good sound investment advise

jdadhra

My son turns 18 and has built up £25000 in his junior ISA which comes to an end on his birthday. Going forward can anyone advise what would be good sound to invest this money. We don't mind a little risk in investment.

Time2Go_25

"We" isn't really applicable to this, it depends what you son plans on doing with his money and over what timescale. If he wants to access the money within the next 3-5 years then investing may not be the best bet for him.

dunstonh

Investments should match risk profile, capacity for loss, behaviour and understanding, objective and timescale.

So, you need to expand on those points before any response can be made that has any value.

Middle_of_the_Road

If he is interested in buying a property, a Lifetime ISA would be a good start. He can deposit £4k per year, and the government will add a further £1k.

https://www.moneysavingexpert.com/savings/lifetime-isas/

Emmia

If he's planning to invest for the long term, then an S&S ISA would seem to be a good option to move the JISA cash to, otherwise if he wants it for uni, gap year, car etc then moving to a cash ISA that allows withdrawals would seem more appropriate.

But ultimately the money is your son's, what does HE want to do with it?

Cisco001

Spend it on uni fee if he go to uni…

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81981033#Comment_81981033

Many at age 18, would not wait 3 to 5 years. They would want some straightaway !

sammyjammy

https://forums.moneysavingexpert.com/discussion/comment/81981164#Comment_81981164

Even better don't go to uni unless you have to!

Bostonerimus1

https://forums.moneysavingexpert.com/discussion/comment/81981164#Comment_81981164

The fee structure is being revised and so will be far less difficult to pay off. While I usually advocate for not having any debt, university fee loans might not be terrible anymore…having said that I'll be helping my family's kids with their fees.

Bostonerimus1

Excellent idea.

https://forums.moneysavingexpert.com/discussion/comment/81981093#Comment_81981093

Good idea. Other ideas would be a simple ISA for more flexibility or making contributions to a DC works pension plan or a SIPP. At 18 I'd keep maybe 10k in cash for emergencies and with the rest I'd be investing in a low cost global equity index tracker fund.

ac909045

If he needs it in a few years, then probably avoid stocks. If long term, then probably a global index fund. Vanguard has pretty low fees.