investing for teenagers

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
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katiebelle_2005katiebelle_2005 Forumite
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edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
i have £32,000 to invest for my children ages 13 & 14 any ideas on the best place

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  • dunstonhdunstonh Forumite
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    Way too vague I'm afraid.

    There are thousands of areas to invest in. You have different risk profiles, timescales, accessability, trust requirements, maturity/withdrawal point etc to consider before anyone can answer.

    Otherwise you will get some say so and so building society and another say invest in a latin american fund.....

    As you have said you want to invest the money, that suggests that you are ruling out banks and building society accounts. However, what sort of risk are you will to take with the money?, what age do you want them to have it? Do you want it in your name re them? Does it need to be in trust to them?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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