Investment for Grand daughter

[glennjamin]

Morning all Grand daughter is approaching her 1st birthday, I want to give her help in her financial future. I want to invest £5k as a investment for her to gain acces to either at 18 or 21.What advice can you offer guaranteed income bond,stock and share jisa ? . Any advice on which funds to invest in long term?

[sammatty]

I have recently setup a JISA via Hargreaves Lansdown for my daughter. Similar amount split across a few Investment Trusts and ETFs. HL have no fees or charges (other than stamp duty) which seemed pretty good.

[AdamIM]

Hi Glenn

I think you are asking about specific investments as opposed to platforms. A JISA is a good efficient mechanism. It can only be opened by your grand daughters Parent or guardian.

In terms of investments. It is a long established principle that risk is relative to the potential reward and the young should take more risk due to the time available in the markets. In your scenario you might want to have a look at 'Growth' portfolio's/funds.

I hope that helps

Adam

[alscar]

You might take a look at Columbia Threadneedle website.
CT were originally F&C , then briefly BMO.
With F&C we invested on behalf of each child a lump sum then gave them access when they were 18.
With £5k you could pick say 5 funds and invest equally.
I think they will accept JISA opening via a grandparent.

[simon800]

glennjamin said:

Morning all Grand daughter is approaching her 1st birthday, I want to give her help in her financial future. I want to invest £5k as a investment for her to gain acces to either at 18 or 21.What advice can you offer guaranteed income bond,stock and share jisa ? . Any advice on which funds to invest in long term?

Picking which fund or which investment trust is going to do well for the next 21 years is simply playing pin the tail on the donkey, but with money at stake.

As such the clear answer to this question for me;

1. Open an account on one of II/HL/Vanguard

2. Stick the money in a global equity index tracker (HSBC FTSE All World, Vanguard FTSE All Cap or if you prefer some manual intervention HSBC Global Strategy Adventurous)

3. Sit back and relax

[Mr_Megalomaniac]

I've set one up via Fidelity, solid selection of funds and seemingly decent fees.
I would suggest that at her age, 100% exposure to equities would probably offer the best return, but of course do your own planning and decisions.