I have invested for my nephews and nieces in my isa in an MSCI world tracker. So far it’s done great because of the magnificent 7 but I suspect it will slow a bit but in 10 years or so from now should be a reasonable chunk.
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I have invested for my nephews and nieces in my isa in an MSCI world tracker. So far it’s done great because of the magnificent 7 but I suspect it will slow a bit but in 10 years or so from now should be a reasonable chunk.
I have a S&S JISA for each of my boys through Hargreaves Lansdown. They're young still so the JISAs should mature well by the time they all hit 18, I'm hoping I can convince them to convert them into SIPPs once they have access to the funds.
Situation is different for my youngest as he has Down Syndrome, so I'll probably be looking at setting something aside in trust for him
Does the UK have anything like Canada's GIC's (Guaranteed Investment Certificates). They don't go down in value, so no worries about loss.
In Canada. Month to month some banks are paying out 4.5 - 5% interest
$500 minimum