Junior S&S ISA

[DuckDuckGoosieGander]

I posted on money matters but think it should have been investments:

I do a regular saver each month for my 12 year old son (currently with Halifax) for £100 and then after the 12 month period transfer the amount to his savings account. I'm good at looking around and transferring between best rates etc.

I'm thinking about moving the money into a junior s&s ISA instead of a standard savings account. I'm thinking of also paying in an additional £100 a month for the next 5.5 years until he is 18. Would this be worthwhile as I've read they are for the long term to ride the highs and lows of the market but wonder if the period is too short?

I've had a google and saw Hargreaves Lansdown do not charge fees for junior ISAs but have no idea where to start with funds. I did one of their surveys and they recommend the LifeStrategy 60% equity fund.

Does anyone have experience of junior s&s ISAs over a shorter time period?

@DuckDuckGoosieGander

Hi op, I'm no advisor for my own dc they have 3 accounts.
One which is ear marked for driving lessons etc and that's in a cash isa about 3 25 which is not great.
Then they have stocks and shares isa as well which is up 31% at the moment.
That's their longer term capital.
Definitely don't do 60/ life stragety do all equity.

Or and a us one, eg HSBC world index or vanguard one. Or us s and p 500.

I've invested my children's s&s ISAs into these two funds:

80% LGGG | L&G Global Equity UCITS ETF USD Acc
20% LGUG | L&G US Equity UCITS ETF USD Acc

LGGG has an ongoing charge of 0.1%
LGUG had an ongoing charge of 0.05%

Most stock market gains have traditionally come from the American markets, so there's an argument to be made for simply going 100% into LGUG.

I've chosen LGGG as the main investment because there's no guarantees that tend will continue. I'm not certain though, so I'm also investing 20% purely into the North American market via LGUG.

My kids are 5 & 2 years old, so the investment horizons are longer.

Nutmeg is proving brilliant for my kids ones. I swapped them from Hargreaves lansdown.

@gettingolderbutcooler

In what way please, did you use both providers ready made or choose your own.

Also what's the bench mark of the doing well, 10 % more?

I had to choose the HL fund which I didn't want to- 😩
The nutmeg one i chose was a medium risk one that they chose for me and is currently 9% up. May go down of course 😜

@gettingolderbutcooler we use h and l end can choose our own funds, we've been invested for about 5 years and they are up 30%.