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Investments

Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.

Young persons investments

1 reply

Kezzie200 · 28/07/2018 13:51

My DD has just got a full time job and will have a pension scheme through it too. She is going to live at home and save, most likely for a future house deposit. She can afford to pay me 400 in rent so im going to keep 100 towards food etc and say she can keep 300 so long as it goes into savings.

Anyone know of the best sort of investment she should go for? Ive seen various ISAs to help with home buying but I know she wont want to risk her capital.

OP posts:
DepressedFatTired · 28/07/2018 14:50

Help to buy and Lifetime ISAs have guaranteed capital and you get a lumpsum towards a house.

The downside is if she wants that money for a car etc she won't get anything if she withdraws it. Maybe look at fixed term bonds. You can usually get a good rate and they are locked in for the period of time specified. You'll have to look around for one where you can pay in monthly rather than just have a lump sum.

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