Junior ISA Fidelity help

[hygtt]

Hello,

I have opened a junior ISA & moved money into it but it just seems to be sitting there & is not in anything if that makes sense

Do you need to choose a fund to put it into? That's how vanguard works, so possibly fidelity too?

my own ISA is with Vanguard & I'm pretty sure I chose the fund first (life strategy) & then my monthly debit just goes into that.

I'd drop them an email then to see what's going on.

Thanks I will pop them an email

You need to invest it in funds, otherwise it will just sit there as cash (I am also with Fidelity)

@savvy7 where is the info about the different funds. Is there an equivalent of the vanguard life strategy?

I have a Fidelity S&S USA and I invest in funds. Have you got a 'watchlist'? You can put funds in there and watch them for a while to see how they do, then you 'buy' into them.

no watchlist

On Fidelity's front page you can see the investment finder page.

Also when you are logged in you should see an invest now button

I've learned something new today.

I invest with Fidelity in the US and didn't know that they operated in the UK as well. I'd suggest a low-cost, passively managed index tracker for stocks to get started.

This looks like a good way to get oriented:

www.fidelity.co.uk/investing-for-beginners/

Fidelity have a list of their 50 favourite funds - Google 'Fidelity 50' and you'll find it. See if any of those seem like they might suit you. You can check past performance etc, then just 'buy' a little bit of one of them to start with - say £50 worth, and see how it does. It will go up and down, but hod your nerve and in the long run, it will be more up than down....

Thanks everyone for the tips. I have a few thousand in there & paying money in monthly. I don't really want to do much if that makes sense. Just pay into it & then dc can have it when she's of age.

OP, how many years until your daughter will need the money? The time horizon is a major determinant of how much investment risk you can take.

they are 7 now so ideally it's for when they are 20 ish

With a 13 year time frame, you can invest all or most of the money in a diversified stock fund or ETF. You can adjust it as time goes on, or leave it in shares when you give it to your daughters if they don't see an immediate need for the money.