Where to invest matured Junior ISA?
Posted: June 3rd, 2023, 7:14 pm
My eldest is about to turn 18 and go to university. He has approx £16k in a junior (cash) ISA which is about to mature. He (and we) consider this to be medium(ish) term money.
So where to invest? I currently pursue a HYP(ish) strategy so I'm torn between whether to recommend him the standard(ish) advice of “Bung it all in a global tracker” or whether to advise him to go for something like the Vanguard UK Equity Income Fund (which I see as HYP substitute) where he will see a periodic return on investment which will hopefully encourage him to invest more in the long term.
Typing this, I realise that the actual investment isn't that important, but that I'd like to give him a bit of investment education (which is hopefully not too financially disastrous) to get him thinking.
What say you good people?
(And apologies to the mods if this is in the wrong section).
So where to invest? I currently pursue a HYP(ish) strategy so I'm torn between whether to recommend him the standard(ish) advice of “Bung it all in a global tracker” or whether to advise him to go for something like the Vanguard UK Equity Income Fund (which I see as HYP substitute) where he will see a periodic return on investment which will hopefully encourage him to invest more in the long term.
Typing this, I realise that the actual investment isn't that important, but that I'd like to give him a bit of investment education (which is hopefully not too financially disastrous) to get him thinking.
What say you good people?
(And apologies to the mods if this is in the wrong section).