Ideas for investment for DS17 Xmas

[Songbird0112]

Name change as money related.

DS17 is a working apprentice so buys his own clothes, guitar stuff, bike, gym etc. He puts money away every month into his own savings accounts: "long term savings" isa which he's switching into Lifetime Isa when he's 18. And another for high days and holidays which hasn't touched yet. So he has a good head for saving/investing while enjoying life.

He's had a think about Christmas presents and has rightly said he buys himself what he wants, so has suggested if there's something we/he do as an investment of some kind instead of getting him stuff he can ultimately buy himself. He'd like not to waste it on an experience day or similar as he'd do that with friends.

It would be up to £500. He was thinking a watch or shares (he wants to open a Hargreaves account when he's 18) or gold or something

I'm not looking for investment tips but ideas, as we are stumped. We were thinking perhaps set aside his Christmas money until he gets his H&L account?

Any ideas MumsNetters? Many thanks in advance!

Pension. JSIPP.

Thankyou, HL have something about JSIPPs so I'll take a proper look.

Wonder if there's something a bit exciting and will capture his imagination as he's a youngster. He understands the risks. We've avoided crypto as we don't understand it fully.

Def JSIPP

£500 now in a low cost S&P500 tracker will become £46k when he is aged 67 if S&P500 behaves the same as the last 60 years (9.5% annual average increase).

Or if you want to be more specific then buy him 3 Apple shares or something…

Thankyou. Great suggestion (s) @RandomPerson42

JSIPP looks very good. Apple shares or similar may be more appealing to a teen perhaps? Some bedtime reading think!

Would a Stocks & Shares ISA be a good route do you think?

Liking the S&P500 for its diversification.

I was going to suggest whisky, but then I read this: www.forbes.com/uk/advisor/investing/whisky-as-an-investment-all-you-need-to-know/

Good article, thankyou @ICanHideButICantRun

Just had a very helpful conversation with a lady at HL regarding Fund trackers & ETF trackers. Not as fun as Whisky but speading the risk?

He likes a bit of rum though...!

Money in a JSIPP cannot be accessed until he turns 57 (or later if his retirement age is pushed back). Is that really what he wants?

Ah ok, probably not. He will have his Lifetime Isa so can perhaps look at a SIPP himself.

It would be nice we can get him something he can relate too I guess. He's mentioned a few companies which appeal. Without researching he's mentioned Google, Amazon, Tesla that kind of thing so Apple fits in with that train of thought.

Or he could have a Tracker and follow several companies?

I would definitely recommend a tracker. An S&P tracker such as www.hl.co.uk/shares/shares-search-results/v/vanguard-funds-plc-s-and-p-500-ucits-etf-usd
would include substantial holdings in all those companies- top 5 are Apple, Microsoft, Amazon, Tesla, Alphabet (Google).

I like! I was looking at Vanguard accumulation one but that was Shell, Diageo etc. Thankyou

The FTSE 100 one I think

What's his apprenticeship in? It may have relevance to what to invest in if he knows a little about the industry it makes it more interesting to follow their fortunes?

Green tech? Am on the lookout for similar for my DS ....
Hes into eco/politics so keen on that ..
.otherwise kick starters? Investing in ideas may not be as lucrative but could be fun if hes already got steady investments as well...

Landscaping/grounds maintenance. He's already looked at Husqvana so that kind of thing could be a option.

Definitely JSIPP first then any leftover money into stocks and shares ISA.

I started my DCs JSIPPS when they were about 12.

Also HL very high platform fees. Fidelity doesn't charge platform fees for under 18s. Can then switch to vanguard for low cost trackers.

Looking for ideas so placemaking