I’m a new parent and my son has been gifted £1000 by my grandmother. I’d like to invest it for him, along with future gifts (but not necessarily regular monthly deposits). Where should I be looking? Junior investment isa?
Premium Bonds is the obvious and easy option.
Adding money is easy (£25 minimum), winnings can automatically be reinvested, money is safe as houses.
The down side is that £1000 in 2040 compared to 2019 isn't going to go as far.
But then someone wins a million bones every month, why not TrunkieJr.
I’m a new parent and my son has been gifted £1000 by my grandmother. I’d like to invest it for him, along with future gifts (but not necessarily regular monthly deposits). Where should I be looking? Junior investment isa?