db
#chaplife
so, i have a new toy to play with in the form of a teeny tiny baby girl.. being a grown up, i want to do the grown up thing and put some money aside for her every month.. what's the best way to do this?
i thought it would be a simple case of opening a junior ISA, but there are so many options and caveats out there that my mind is a bit boggled..
on advice from my dear ol' dad, i looked into investing in stocks & shares.. since i know nothing about either, i chose what looked like a simple yet good option: a My Select Junior ISA from Scottish Friendly.. the idea seems to be, you whack £20 a month or whatever into this account, they invest it in something, and hopefully over the course of 18 years or whatever you'll be the next gordon gekko.. having just had a quick google, however, i'm worried i've made a heinous error - scottish friendly seem to have quite a few unhappy reports out there, their My Select plans in particular..
i'm assuming others have looked into this for their little 'uns.. i'd love to hear what conclusions you came to, and how you chose to save in the end..
thanks
i thought it would be a simple case of opening a junior ISA, but there are so many options and caveats out there that my mind is a bit boggled..
on advice from my dear ol' dad, i looked into investing in stocks & shares.. since i know nothing about either, i chose what looked like a simple yet good option: a My Select Junior ISA from Scottish Friendly.. the idea seems to be, you whack £20 a month or whatever into this account, they invest it in something, and hopefully over the course of 18 years or whatever you'll be the next gordon gekko.. having just had a quick google, however, i'm worried i've made a heinous error - scottish friendly seem to have quite a few unhappy reports out there, their My Select plans in particular..
i'm assuming others have looked into this for their little 'uns.. i'd love to hear what conclusions you came to, and how you chose to save in the end..
thanks