We would like to invest in a Junior ISA

24 July, 2023

Question by Nigel

Hello, we would like to invest in a Junior ISA for our grandson / nephew. Is a Stocks and Shares ISA the best option? If so, can you recommend a good provider for inexperienced investors.

Answered by Lee Wells

Hello Nigel,

The decision to invest in a Stocks and Shares ISA or Cash ISA is really what your appetite is for risk v reward and also the timeframe, so if you have a reasonable appetite for risk, are more focused on trying to get a higher return and your grandson/nephew is young then investing in a Stocks and Shares ISA is a good idea.

If you are an inexperienced investor I would suggest you obtain advice on the provider and fund selection rather than DIY.

Hope this helps

Answered by

Lee Wells

Managing Partner - Financial Planner

When I got my first job in the 90’s, my father said ‘you should go to see my financial adviser’ (I didn't even know he had one!). I dutifully went to see him and was converted by the common sense advice I was given on saving and investing for my future. I liked it so much I joined the company so I could help other people learn how to invest. I now run a company that's passionate about providing value for money advice on a whole range of areas.

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