Holly Mckay
Holly MackayFounder and CEO
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    • Home • Advice • Common questions

    How should I invest with a Junior ISA?

    13 June 2024

    Question by Boring Money Reader

    My ‘little’ sister has the world’s cutest one-year-old baby girl. I’d like to pay into a JISA for her rather than help fill up their home with pink plastic toys over the next 20 years. Any tips and suggestions?

    Answered by Holly Mackay

    I can keep this quite simple – Hargreaves Lansdown and Fidelity both have current offers where you don’t pay admin charges for Junior ISAs. So you will only pay for the investments you hold in this account. So I would look at those two.

    You should consider setting up a direct debit each month (can be quite small amounts) if possible and drip feed into your choice of investments. Both providers have ready-made low cost funds available which keep it simple. And even though she is cute and sweet and little – don’t be afraid of risk as she has 17 years left until she can take the money. That’s a long timeframe so she can handle volatility. And you will be too busy keeping her off TikTok, worrying about piercings and boys, and wondering why she spends so much on make-up, to worry about maintaining a complex investment portfolio.

    Or is that just me? Good luck.

    Answered by

    Holly Mackay

    Founder & CEO, Boring Money

    I’ve worked in investment markets for over 20 years. I started out at Merrill Lynch Investment Management and worked at a few big names before setting up my first business in 2008.

    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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