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Investing For Children: How To Make Your Child A MILLIONAIRE
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Күн бұрынToday we explore investing for children & cover account types (Junior stocks and shares ISA etc) + pros/cons. I also show the power of compounding interest to make your child become a millionaire one day :) ♥. Access ALL OUR COURSES (Investing, etc) - FinancialJoyAc...
★★ WHAT TO WATCH NEXT ★★
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How To Invest During ANY RECESSION *without worry* (2020) - • How To Invest During A...
Pension vs ISA? How To Save Money | How To Invest Money UK - • Pension vs ISA? How To...
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★★ LINKS MENTIONED IN THE VIDEO ★★
Our INVESTING COURSE - thehumblepenny...
HARGREAVES LANSDOWN JUNIOR ISA - thehumblepenny...
VANGUARD - www.vanguardin...
AJ BELL - www.ajbell.co.uk/
How To INVEST IN STOCKS for BEGINNERS UK - • How To INVEST IN STOCK...
COMPOUND INTEREST CALCULATOR - thehumblepenny...
How To Teach Your Kids The MAGIC Of Compounding Interest - thehumblepenny...
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★★ ABOUT US ★★
MARY:
I'm married to Ken and we have two boys aged 6 and 4. I'm a Londoner, born in Hackney! :)
Day to day, I run the operations of The Humble Penny as a creative - doing everything from marketing to video editing. I studied Multi-media design and technology at Uni.
When I'm not creating, I love vegan food, travelling, working out and doing some outdoor fun things with my husband and kids :)
KEN:
I'm a husband, dad, and a First-Generation Immigrant to the UK. I started life poor in the UK and I've spent the last 20 years on a steep journey of Personal Development.
CFO by day with over 12 years experience in the investment business. I'm also a Chartered Accountant and hold an MBA from Cambridge University.
To explore my creativity, I'm a blogger and KZfaqr by night. I create from my experiences as a family man and entrepreneur.
I have a passion for all things Financial Education, Business and Personal Development. I also love Photography, Music, Travel, and Sport.
We became Financially Independent aged 34 and our story has been featured on the BBC, Mail Online, Channel 5, Metro, etc.
We share content to inspire and teach others how to achieve Financial Independence and Freedom too :)
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0:00 - Intro
2:26 - My son's portfolio
4:00 - How we start investing for our children
6:58 - 2 ways to invest for your children
9:56 - Junior ISA
12:32 - Junior SIPP
16:20 - Bear Trusts
25:25 - Investing £100 per month
27:39 - Investing £300 per month
29:01 - Investing £364 per month
★★ About this video ★★
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Massive thanks for watching and following our channel :) ♥
Best, Mary and Ken Okoroafor
NOTE: For FULL Transparency, some links above may be Affiliate Links. We do NOT offer Financial Advice.
#howtoinvest #investing #juniorISA
@TheHumblePenny 4 жыл бұрын
Are you currently investing for your children? How do you balance doing that whilst investing for yourself too?
@swissladydriver8980 4 жыл бұрын
I opened a custodial brokerage account for my son when he was 10. He understands how stocks and dividends work and gives suggestions for various purchases. Now when he gets extra money, a lot of time he gives it to me to invest for him. He will definitely be a millionaire.
@TheHumblePenny 4 жыл бұрын
That's AMAZING!! 😀
@PrettyPennyClub 4 жыл бұрын
I love this. just a little bit right now = loads in the future. We maxed out our one year old son's junior stocks and shares ISA this year with one of the products vanguard offer. If he never touched it until retirement it will be a fortune if all goes well. I made a video about it on my channel, if anyone is interested.
@omotee5489 4 жыл бұрын
Ken please your advice is needed. My children Jnr ISA stock & share are loosing money (one lost almost £1300) due to Covid-19 I was told. What's your advice on this as I am in the process of moving the remaining funds into Cash ISA.
@PrettyPennyClub 4 жыл бұрын
@@omotee5489 Hi Omo, I hope you don't mind me offering my thoughts here. Make sure you are moving it for the right reasons. If your children have many years to go before this ISA matures then you might decide you have plenty of time to let the stocks markets recover and thus will drive the value of your ISA back up again. Cash ISAs are offering very poor returns and by swapping your stocks and shares for cash you are locking in that loss you are talking about. I also have a jisa for my son and I'm just letting it be for the next 16 years. Everyone's circumstances are different however and I'm not a financial advisor. If you are unsure what to do you should really speak to a professional.
@ob1692 4 жыл бұрын
Been saving for my child since he was one. We get child benefit so all that money and what we put in goes in. My son is 8 and he already has £11000. ( More than I ever had in my twenties) Unfortunately the money wasn't being invested correctly as it was with a bank with falling interest rates. I have now open a stock n share jisa. Yes I do worry about him getting it at 18 but it's my job to educate him on finance and hopefully he be wise. Great video
@clair233 4 жыл бұрын
👏👏👏👏👏
@TheHumblePenny 4 жыл бұрын
Awesome result there! 😀
@joxenos01 4 жыл бұрын
£82 a month
@ob1692 4 жыл бұрын
@John Buffalo I am 97 No that is incorrect. Second child gets £13.70. Also if you or your partner earns £50000 or more you won't receive it but if you both earn £49999 you will. To my understanding
@miloplaysviolin 3 жыл бұрын
Xxxxxxxxsxxxxx
@aprilracine 4 жыл бұрын
I’m a little late for my children but I’m early for my grandchildren.
@TheHumblePenny 4 жыл бұрын
Yes!! Change the game for those grandkids! 😀
@abisamura7524 4 жыл бұрын
I'm in the same position. I'm starting now for 18 months old grand daughter.
@StorytimeBeaming 4 жыл бұрын
I started my kids CTF's from when they were born, I was lucky the government gave me money to start them off. My daughter is 15 my son is 9 I asked my kids if they wanted to cash them in at 18 or carry them on till 25. I was so proud when they both said to keep paying into them. I'm hoping they will keep paying into them once they start working and get into investing. Great advice!
@TheHumblePenny 4 жыл бұрын
Hi Michaela That's encouraging to read. Have they always been aware of the CTF since they were much younger?
@StorytimeBeaming 4 жыл бұрын
@@TheHumblePenny Hi 👋🏾 Yes I've always told them that I'm saving for them, but only in the last few months have I started to explain how it works with the money I pay being invested in companies and saving for the things you want and debt etc. I use One Family it used to be called Bounty! I remember receiving the pack when I first gave birth and getting a certificate with £150 for my Daughter and €50 when my son was born. My daughters is worth 7k now and I only paid £20 a month for the first 13 years since she turned 13 I pay £50 I wish I could pay more but I'm hoping they will keep it going. I include them in my budget and give them an allowance to cover their needs so they are getting used to managing money. Trying to get them to think of side hustles too! Yeah I love your channel I'm always sharing your videos with my family members💖
@TheHumblePenny 4 жыл бұрын
We appreciate you supporting the channel 😊💛
@omotee5489 4 жыл бұрын
I have 7yr old and twin boy 4yr old. My daugther has nearly £7k in her JISa and my twins nearly £4k and I have been doing this since they were born and I wish every parents can take this steps in securing the future of their children. I have been doing this since they were born and I have no regrets. Many thanks Ken and to your beautiful wife becuase I have learnt alot of things on your channel - God bless and please co tune the good work.
@TheHumblePenny 4 жыл бұрын
Omo, Amen to that! 😀. AMAZING seeing your progress! Onwards!! ✊🏽
@financialindependence6681 4 жыл бұрын
That’s is great! It takes discipline to save and invest like that!
@daviniawalker5997 Жыл бұрын
Wow can’t believe I didn’t know about any of this. I’m 44 with a 10 year old daughter. Yes sooner is better but at least if I start now for her and us it’s better than not starting! ❤ Thanking God for your channel!🎉
@TheHumblePenny Жыл бұрын
Yes 💯
@rachaelo3882 4 жыл бұрын
One of the reasons why i love this channel...factual information that can change your generational legacy!👌
@TheHumblePenny 4 жыл бұрын
😉✊🏽
@PeleNewell 4 жыл бұрын
Can you adopt me?.. 🌚🤣
@TheHumblePenny 4 жыл бұрын
😆🤣🤣
@jrv_27 4 жыл бұрын
🗣I was thinking da same thing 😅
@PROSHAMMZ 3 жыл бұрын
@@TheHumblePenny loool
@PROSHAMMZ 3 жыл бұрын
loool
@tilinivishmilabatugahage9694 3 жыл бұрын
😂
@byMarieA 4 жыл бұрын
I don't have kids and I don't plan on having kids anytime soon. However, this is such great information to know for when I am ready. Thanks for another amazing video :)
@TheHumblePenny 4 жыл бұрын
Great to hear that you're not rushing into having kids. It really does change your life in so many ways. Below are interesting articles to read: 1) The Real Cost Of Raising A Child thehumblepenny.com/the-real-cost-of-raising-a-child 2) The Real Joy Of Raising A child thehumblepenny.com/the-real-joy-of-raising-a-child
@oloria5047 2 жыл бұрын
That’s super interesting and informative. We invest the kids pocket money. Our eldest one is 7 and she already knows about investing and today she told her little siblings: do you know you can make so much more money if you invest this £5? Small steps take a long way and always very excited when I “meet” like-minded parents. Well done guys! Just started following your channel and love it!
@TheHumblePenny 2 жыл бұрын
Yay! Thanks so much for watching. Please share with others 😀
@TheMrsgd 4 жыл бұрын
Very timely video as this is something my husband and I just discussed with our financial advisor! We currently have a CTF for my 9yr old and a Junior cash ISA for the other two kids but have decided to convert all into investment junior ISAs. We aim to pay in their child benefits and each contribute an extra amount to all three jISAs.
@TheHumblePenny 4 жыл бұрын
Good move! 😀
@missbetz10 4 жыл бұрын
Absolutely fantastic! And this is exactly why I’m 100% joining the academy. I’m fully committed to educating myself about finances at 30 but importantly making sure my children have this information now and do better than me. Great context as always
@TheHumblePenny 4 жыл бұрын
Excellent, Betty! Can't wait to see you in there. We'll be doing a major deep dive. There is only so much we can cover on KZfaq as these videos have to be short and we're struggling as it is to stay under 30mins 😆.
@ElliotCoen 4 жыл бұрын
I'm doing it for my children and my children's children! Thanks for the guidance, Ken and Mary!
@TheHumblePenny 4 жыл бұрын
Love it! 😀
@BENGRAHAM11 4 жыл бұрын
I started a SIPP for my son when he turned 2 (now 4), investing the full £300 per month. My intention is to continue to invest on a monthly basis till he turns 18 and then just let the money continue to compound on itself until he retires. Based on a 7% net annual return, at 65 the SIPP will have a value of more than £2.5 million. Not a bad return on a total investment from me of just £46,080.
@evilzzzability 4 жыл бұрын
Careful. A JSIPP It may not be the best option in the long term. While it is tempting to think what 65 years of tax free compounding can grow into, as the laws stand at the moment you will likely run into lifetime allowance limits quite early if you start aggressively so early. This will also prevent them from being able to take full advantage of both employer matching and their own tax savings when they are of working age themselves, perhaps during their peak earnings years. Consider putting at least some into a J-ISA instead.
@BENGRAHAM11 4 жыл бұрын
Van Dieu. The lifetime allowance is currently £1.055 million and rises each year with inflation. If this continues, assuming 2.5%, LTA shouldn’t be an issue. I’m not concerned with my son ever needing to contribute to a pension in his lifetime.
@TheHumblePenny 4 жыл бұрын
Very interesting to hear you're doing this and using the full limit. Smart!
@TheHumblePenny 4 жыл бұрын
Good problem to have? I do like your JISA suggestion.
@evilzzzability 4 жыл бұрын
@@BENGRAHAM11 That's an admirable goal, but it needs to be balance with practicality and reality. Hopefully you son will grow into a productive member of the workforce. Suppose he earns a nice 6-figure salary but and his employer is willing to match 10%.. he would effectively be getting a 300-400% return on investment by contributing from his own salary at the marginal rate of tax and with employer match. But if he's already on track to meet hit the LTA then you are basically condeming him to pay 52% marginal tax rate. Yes, having a huge pension pot thanks to your dilligent parents early on in life is a nice problem to have, but it is still a problem nonetheless.
@jennyli7749 Жыл бұрын
I’ve started investing money into my child’s pension as it gives me assurance it’s not going to be taken out at 18 to pay for a holiday. It gives me assurance that if life doesn’t quite turn out the way she hoped it would be financially she’d have some back up funds on retirement. Time is what she has to allow funds to compound and ride out the market …that’s my theory anyway
@WisdomInspiredTalksWITS 2 жыл бұрын
I'm going to start investing for my youngest today. My other two children are already over 18, even though I did not invest for them directly I saved more than 90% of their child benefit for them and now they both have over 10K each. If I had invested that over 18 years their funds would have been much more.
@TheHumblePenny 2 жыл бұрын
Welldone for saving over 90% their child benefit. That's excellent!
@kayleighmoliver 4 жыл бұрын
Excellent timing! Just literally opened a JISA account for my 10 week old and 5 year old today. Can't wait to see how it grows for them
@TheHumblePenny 4 жыл бұрын
Excellent, Kayleigh! 😀
@rajshu6408 3 жыл бұрын
Hi Ken you are really kind and an honest person and your channel deserves to grow exponentially. Your children are very lucky to have you as parents. I wish l had started early as you, mine are 13 and 18 but it is better late than never. Thankyou for this video and you probably realised that l have subscribed to your channel.
@TheHumblePenny 3 жыл бұрын
Raj, this means a lot to me. Wholeheartedly appreciate you supporting our channel 😊🙏🏽
@gelosul 3 жыл бұрын
i love how many parents keep posting their experience and numbers.this motivates other parrents more than anything.thank you all and thanks for the videos.
@lulabellelikes4228 3 жыл бұрын
I save £100 pm into a high interest account which then I'd transferred at the end of the year into a standard savings account but I'm considering a SIPP, JISA or trust. I was leaning towards the SIPP but advisor told me to bear in mind if child becomes a high rate tax payer, they may not thank me if I've used up most of their lifetime allowance meaning they cant get pre tax benefit of offloading. Currently about 1mil limit including returns as part of that, as I understand it, but could change. I had never thought about anything like that as I'm from very humble background.
@TheHumblePenny 3 жыл бұрын
Interesting share :)
@lindaajide2115 Жыл бұрын
Our child is 1 month and currently researching for our this in particular so glad I found this video.
@TheHumblePenny Жыл бұрын
Amazing 👏🏾. Share with others
@CSWest-tw6wu 2 жыл бұрын
I just like the way he speaks!
@TheHumblePenny 2 жыл бұрын
😊
@johnola2563 3 жыл бұрын
Thank you so much for sharing your this. I never thought of invesdting for my children. After watching this video I have open an account for my children to secure the future and better than mine. Thanks
@jenniferbrown3965 3 жыл бұрын
Great content Ken. I need to move away from the Junior Isa's x3 . Every time I see the statements it frustrates me but this is a real eye opener and time for change.
@TheHumblePenny 3 жыл бұрын
You're most welcome, Jennifer :). Please share with others 😀
@Applesonthelawn 4 жыл бұрын
I was looking forward to this video. We started investing for our son recently he’s only four months old through our accounts but after watching your video we’re gonna open a sipp for him as well. Thanks both 🤗
@TheHumblePenny 4 жыл бұрын
Good move!😀
@thagoddesstribe9982 4 жыл бұрын
Thanks for this advice the humble penny information I am saving for my 3 children & would love to get them to invest thanks for sharing. I am really enjoying your free 7 day blog course
@TheHumblePenny 4 жыл бұрын
Excellent! Please leave us a review as indicated on day 7 😀
@lindseybellamy6374 4 жыл бұрын
I have been saving for my son and my daughter since they where born. It's not a lot but we save what we can. So far I haven't invested but I've decided now where I'm going to invest the money and I have put a plan into place to do that this year. They are almost 5 and 1. I also have an easy access savings account where I put birthday, Christmas money ec
@TheHumblePenny 4 жыл бұрын
Lindsey, welldone! 😀. It's very important to take that leap and invest. It really makes all the difference over time.
@lindseybellamy6374 4 жыл бұрын
@@TheHumblePenny I have finally taken the leap and invested a chunk of the children's saving. The remaining I will drip feed that in through the year. For me taking the plunge financially is hard. I received zero financial education from my parents. In fact they are terrible with money always had debt (they had their house repossed a number of years ago also). So for me educating myself and raising my children with good financial foundations is essential
@SP-lt5xr 3 жыл бұрын
Perfect, I'm starting in my investing journey, makes sense to do it for my children and share the knowledge. Thank you so much for posting this. ❣️
@cliftonsmith 3 жыл бұрын
Great video, its so important that people realise the important of this. Thanks for taking the time to do it.
@TheHumblePenny 3 жыл бұрын
Cheers, Clifton :)
@financialindependence6681 4 жыл бұрын
Good call! Thanks for giving me all the information I need to start helping my children have a better shot in the future.
@TheHumblePenny 4 жыл бұрын
You're most welcome! 😀. We believe strongly that we can all give the next generation a huge advantage by taking the leap now.
@BenHurren 6 ай бұрын
I simply have a pie on my T212 account and add £25 a month going in for them. Will pass that cash over to (hopefully) their own T212 account when they're in their mid twenties.
@rachelelizabeth7036 3 жыл бұрын
Thank you so much for this amazing video. I currently have an ISA for my daughter but I plan on opening a stocks and shares one for her and saving in there instead. This was just the information I was looking for. Thanks you
@janetayy190 4 жыл бұрын
Knowledge is power👌. Thanks again for a great video saving for the next generation
@TheHumblePenny 4 жыл бұрын
Thank you, Janet 😊
@MoneyGist 4 жыл бұрын
I'm sharing this video with all my friends. I'm yet to have my kids but I already have their future planned mentally and this is a great way to make it happen. Thanks a lot for all the valuable ideas in this video. Cheers!
@TheHumblePenny 4 жыл бұрын
Really appreciate that! 😀
@manymoms920 2 жыл бұрын
I think it's worth stating that our parents did not have the opportunity to invest for us. There was not the platforms or products around that was accessible to the average person on the street. Investing really for the masses didn't start until Margret Thatcher started selling off and launching stock sales. Eg selling B T. Ask sid TV ad. I agree however that it's a good thing if you can to do. Other note is that whilst one thinks their kids are going to be responsible at 18 ... Who knows they could blow it all on drugs, drink or something else. I do have concerns about handing over the large sum at 18. I have invested for my daughter and started a pension. She has more than I do currently. Which again is another lesson. We do need to think of ourselves first... To some extent
@manymoms920 2 жыл бұрын
I've also got to say but your kids are still very young, you have no idea what they will turn into at 18. We all do our best and have faith in our kids, most do, but we do not know. I did not know my daughter was going to develop a mental health / neurological condition when she was 7 it wasn't apparent.
@TheHumblePenny 2 жыл бұрын
I definitely agree. You need to think of yourself too. Very important
@alitristan1933 Жыл бұрын
My kids have a few k saved at age 9 & 11 but it's sat in a bank account doing nothing.. i need to look into this junior isa thanks for the info!
@TheHumblePenny Жыл бұрын
Do it ✅️
@edwardwilliams4043 4 жыл бұрын
This is such a good video (again)...i've shared this with all my friends. We have an ISA, and deposit some money monthly into an index tracker!
@TheHumblePenny 4 жыл бұрын
Edward, huge appreciation for sharing! 😀👊🏼
@sumit147601 Жыл бұрын
Is it easier / simpler to invest in a index fund instead of individual stocks ? Big thank you for the videos you create, keeping them easy to understand and interesting. 👍🏼
@TheHumblePenny Жыл бұрын
Easier and Simpler to invest in either. But index funds is less risk :)
@jackiea7965 4 жыл бұрын
This is great Ken I don't have kids yet but I will definitely be doing this when I have them, though my nephew is definitely young enough at 7 years old so I will discuss this with my sister and share your vid :)
@TheHumblePenny 4 жыл бұрын
👍🏼👍🏼😊
@saurabhchavda4820 Жыл бұрын
Great Video. Thank you so much for sharing your Great Knowledge and hard work with us. 🙏
@TheHumblePenny Жыл бұрын
You're most welcome 😀
@TheHairyKarl 4 жыл бұрын
Can you do all 3? And say you had £300 p/m to invest for them, could you split £100 into each investment strategy? And would that be beneficial, or better to go for one? Thanks Ken 👍🏻
@TheHumblePenny 4 жыл бұрын
You can do all 3. Although saying that, it's important to be aware of the limitations of each one whilst being aware of the ultimate purpose of each one e.g. Bare Trust being most useful for Tax Planning, etc.
@jsnooker 2 жыл бұрын
Amazing video!!! I'm late to the party as far as your channel but I'm a certified fan!
@TheHumblePenny 2 жыл бұрын
Much appreciated 😊🙏🏽. Please tell us others about our work
@manymoms920 2 жыл бұрын
I just dripped small amounts into stocks and shares ISA
@The_Best_Egg_ToLive 4 жыл бұрын
Hi Ken your channel has continually changed my perspective positively in life. Keep bringing it on. I started saving for my kids in a Halifax jisa at 3%interest since last year. Now planning to move it onto a stock and shares jisa with aj Bell. Would you advice investing in funds or shares? Bearing in mind I have 4 jisa account with my 4 kids.
@TheHumblePenny 4 жыл бұрын
Hi David My pleasure! 😀 Move to AJ Bell is good although there remain other platforms that offer better pricing for a JISA. Long term, it's best to build a portfolio from funds. The more passive, low cost and global the better.
@Engagelearning01 4 жыл бұрын
Yet another excellent video, full of honest and relevant information. Thanks for sharing your knowledge.
@way2splashy748 4 жыл бұрын
I’m 16 right now, 17 in April, I’ve got some money saved up from part time work and I’m looking into investment, what can I do to get into this. Thank you.
@TheHumblePenny 4 жыл бұрын
Open an account?
@joyekhator9487 4 жыл бұрын
My kids are 14 10 and 7..going to open a jisa for them.Thanks for the information
@TheHumblePenny 4 жыл бұрын
Cheers, Joy!
@jomo7002 4 жыл бұрын
Great content as usual 😀 funny that you made this video my childrens w8 Ben forms were finally filed yesterday after silly mistakes i made now I'm just doing my research into possible companies to invest in. I was going to open an account with Vanguard as we are currently using aj Bell but I'm unsure with regards to fees etc. Thanks for the information x
@TheHumblePenny 4 жыл бұрын
Nice! How old are your children?
@Evygold1410 4 жыл бұрын
Thanks for sharing this child investment educative video. I have learnt so much from your videos ever since I discovered your channel.
@TheHumblePenny 4 жыл бұрын
You're most welcome, Evelyn 😊. It's a pleasure to read that you're moving forward through our content.
@h0usetoh0me 3 жыл бұрын
Thank you so much for sharing your knowledge! Very useful information and mind opening. *New Subscriber* !!!
@randomaccountxxxx 3 жыл бұрын
Thank you. Just what im doing now.
@TheHumblePenny 3 жыл бұрын
💪🏾💪🏾
@opheliaashitey2104 4 жыл бұрын
Great video thanks. Really helpful. I've been investing for myself. Will now start investing for my kids.
@TheHumblePenny 4 жыл бұрын
Great to read this, Ophelia! 😀. The fact that this video is helping you take action has made it worth all the effort.
@faridah3392 Жыл бұрын
What are the rules around investing when with child benefit?
@TheHumblePenny Жыл бұрын
No specific rules. You can invest your child benefit if you want 😀
@brenda8037 3 жыл бұрын
Thx ken whats best stock to buy for junior isa just opened 1 for my gal should i buy sp500 or life strategy 20 /80
@sarahhoward7174 4 жыл бұрын
Another fantastic video Ken, thank you. My children are the same ages as yours so feeling very inspired! Do you have a Junior S&S ISA AND a Junior SIPP for both your children? My children both have a cash ISA but the interest rates aren't good so I'm keen to explore these other options, thanks ☺️
@TheHumblePenny 4 жыл бұрын
Hi Sarah, Great to hear! 😀. Yes we have both accounts. I'd highly suggest getting at least one of them to start. Cash ISA value is destroyed by inflation. It's the silent assassin! You need your money working harder by being exposed to other riskier assets.
@sarahhoward7174 4 жыл бұрын
@@TheHumblePenny thanks for this. I will absolutely be looking into at least one of those options. I am keen for my children to have a solid financial understanding to stand them in good stead for their future, just such a shame I wasn't given this wisdom!!
@judixx4247 2 жыл бұрын
What does HL stand for? I see that the name of the ISA is HL Junior stocks and shares ISA but I don't know what HL stands for
@TheHumblePenny 2 жыл бұрын
Hargreaves Landsdown
@cdscds7968 3 жыл бұрын
Great vid. Can you do a vid on opening a junior stocks n shares isa account. 🙏
@olushow2273 3 жыл бұрын
Please I have 13 year old son and a 8 year old son and I have never invested for them before,please is too late to start investing? and please which type of investment is good for their age?
@MrRoyck10 4 жыл бұрын
Fantastic content, thanks Ken for sharing.
@TheHumblePenny 4 жыл бұрын
Much appreciated comment, CK ROY! 😀
@ADHDNurse79 3 жыл бұрын
Great video! Thankyou! My children has cash JISAs with NS&I 5k each but in their Vanguard S&S JISA only a few £. Should I transfer the cash JISAs to their vanguard JISAs? They are 10&12
@felixchofor6351 4 жыл бұрын
Hi, I am new to your block and also new to stock investing. Now In order to diversify my portfolio, I have been considering investing in wines. I an a wine drinker, but know nothing about investing in it. Please any tips on how I can best do this?. I intend to put 15% of my investments in to wines
@TheHumblePenny 4 жыл бұрын
Hi Felix We know nothing about wines specifically but know for certain that you need to understand the wine market and how one derives a return from it. You can buy specific wine stocks or ETFs as a starting point.
@milimat8988 3 жыл бұрын
Sipp or jisa which one would you choose
@imranpatel9087 2 жыл бұрын
Whats better Child Trust Fund or Junior ISA? Can you transfer a child trust fund to Junior ISA?
@TheHumblePenny 2 жыл бұрын
Junior ISA. Yes.
@imranpatel9087 2 жыл бұрын
Just found out that you cant transfer Child Trust Fund into Vanguard Junior ISA which is a shame
@mikecleary8307 4 жыл бұрын
Great video. Just concerned on the impact of fees on what I want to choose. These have such long term impacts on the potential gains for my kids investments. Just been reading and listening to work by Jack Bogle. I'm in Ireland so options arent wouldn't be as plentiful as in the UK.
@TheHumblePenny 4 жыл бұрын
Thanks, Mike. We're big fans of Bogle and fees should be at the top of your priority list for sure. I think I'll make a video about this.
@hema-gs7bo Жыл бұрын
Hi, Nice and helpful video. Can I open a multiple junior SIPP accounts by investing the amount within the annual limit? Thanks.
@TheHumblePenny Жыл бұрын
Thanks :). You can. But why multiple Junior SIPPs?
@arekmarta 4 жыл бұрын
Hi Ken, May I know what company did you use to open Junior Isa for your children?
@TheHumblePenny 4 жыл бұрын
Vanguard and Hargreaves Lansdown
@matthewtucker621 2 жыл бұрын
Hello, would you suggest I take my children’s savings out from there bank savings account and put it all into a junior index fund and top it up each month?? Advise please.
@TheHumblePenny 2 жыл бұрын
It's most definitely earning below inflation in that savings account. Personally, I wouldn't leave a penny in a low earning savings account. I'd have it invested in equities.
@matthewtucker621 2 жыл бұрын
@@TheHumblePenny I will 100 percent take the advise! Thank you for all the free and very informative content! You sir are a legend
@blahmaas 3 жыл бұрын
Great video. Thanks mate 👍🏼
@TheHumblePenny 3 жыл бұрын
You're welcome, Mark! 😀
@cback12 2 жыл бұрын
are you able to sell amazon for example and buy tesla? just trying to understand if we can take profits and reinvest in another stock in junior stocks is a?
@TheHumblePenny 2 жыл бұрын
Yes you can.
@mphys5370 4 жыл бұрын
Hi, I just wanted to check maybe I am misunderstanding but it seems you are saying that a grandparent can put money in a bare trust and immediately it won't incur inheritance tax. That isn't correct is it, like with most gift it has to be given 7 years before death not to incur inheritance taxe?
@TheHumblePenny 4 жыл бұрын
Hi Rodney, Thanks. I realised later that that very point wasn't clear. Tax free elements are the current £3,000 per donor. Amounts above that get caught up in the 7 year rule. The main advantage with contributions coming from grandparents is that any gains or income will be taxed in the hands of the grandchild rather than the grandparent. I'll make this point clearer in the video notes.
@mphys5370 4 жыл бұрын
@@TheHumblePenny thank you
@margaretdzikiti2307 3 жыл бұрын
Ever so informative as always.👏🏾👏🏾👏🏾👏🏾
@TheHumblePenny 3 жыл бұрын
Thank you, Margaret!
@moshedasilva3626 11 ай бұрын
Great content, fantastic video.. I've taken action based on the info from this video. I have subscribed as well.
@TheHumblePenny 11 ай бұрын
Brilliant 👏🏾. Do share with others 😀
@sanjaytrikha5495 4 жыл бұрын
Would be great to see a video on adult SIPPs and what you recommend? Vanguard have launched a new one...
@TheHumblePenny 4 жыл бұрын
Yup... noted
@sanjaytrikha5495 4 жыл бұрын
@@TheHumblePenny Would also be interested how you advise business owners to structure their finance. Most cap their salary/dividends at 12.5k+37k which makes it hard to actually fill a 20k ISA.
@adayfullofbudgets 3 жыл бұрын
Great video, recently discovered your channel and have been binge watching from the very beginning. My children are 14,11,8. We pay small amounts into high street bank ISA’s which now have rubbish interest. Am I to late to start investing money for them instead? I also worry about them not having the same amounts when they each reach 18. What do people do to keep it fair or do you not worry about that?
@cdscds7968 3 жыл бұрын
Thank you for your time and energy
@TheHumblePenny 3 жыл бұрын
You're most welcome :)
@loverboyhk 2 жыл бұрын
You may want to put sections in your videos so we can skip to what we are interested in.
@TheHumblePenny 2 жыл бұрын
Good suggestion. We do for all our videos over the last year or so. Older videos we're still to do 😀
@Alex-UK369 4 ай бұрын
Thank you Ken ❤❤❤
@chiomaokpara5495 2 жыл бұрын
How do I invest in amazon and goggle for my son with the little money I keep aside for him please?
@TheHumblePenny 2 жыл бұрын
Chioma, kedu? You need to do it via an investing platform where you can buy shares. E.g. Hargreaves Lansdown, Interactive Investor, etc. We use Hargreaves Lansdown. If you're want to open a Junior ISA there, please use our referral link below: thehumblepenny.com/HLJISA
@bumptobirthwithsteph1987 3 жыл бұрын
Are. These scenarios based on the money being in a stocks and shares investment isa? What level of risk would it need to be set at low medium oor high xx
@TheHumblePenny 3 жыл бұрын
Yes. Junior ISA or Stocks and Shares ISA. Medium to high risk.
@bumptobirthwithsteph1987 3 жыл бұрын
@@TheHumblePenny thank you so much. Wishing you and your family all the very best foor 2021. I'm a new subscriber today. Can't wait to watch more from you xxx
@Rico-002 3 жыл бұрын
I’m 15 right now turning 16 in April. If I open a Vanguard account right now and put in like £200 a month and leave it until for like 10years will I have made a good amount of money ?
@fvley9240 3 жыл бұрын
you cant own an account until you turn 18.
@LucasJetUKJuggler 4 жыл бұрын
Hi Ken, I love your videos, what would you suggest for setting up my nephew, my younger sister has just had a baby and whilst I want to set him up with a JISA, I read that each child can only have one JISA, is this correct?
@TheHumblePenny 4 жыл бұрын
Hi Lucas! Thanks 😀 You can have more than one but in aggregate, you can't contribute more than the annual limit.
@SwahiliSpicE 3 жыл бұрын
Absolute gold content!!!
@TheHumblePenny 3 жыл бұрын
😊💛
@yp9543 3 жыл бұрын
Do you have any recommendations on good Junior SIPP providers with low fees, who have you used? I’m keen to set one up but there does not appear to be as much choice of providers as you get with JISAs. Thanks for the informative videos.
@ADHDNurse79 3 жыл бұрын
Fidelity SIPP
@Eby_100 4 жыл бұрын
Are you igbo? I have been saving my children child benefits from birth and put some money into their account. I'm building legacy for them. This junior sipp and bare trust sound interesting Thank you for this teaching. Please more information on bare trust
@TheHumblePenny 4 жыл бұрын
Yes 😊
@MrKarn0007 4 жыл бұрын
Enjoyed this, thanks
@TheHumblePenny 4 жыл бұрын
Thanks!
@kaajalb1947 3 жыл бұрын
Which platforms would you recommend for a Jisa?
@simonamos1889 4 жыл бұрын
I'm looking to invest in a junior isa for my kids within nutmeg. Is this a good ideas or should I be looking elsewhere?
@TheHumblePenny 4 жыл бұрын
Good question. What are they charging you for a Junior ISA? Plus, they'll likely not have a large diversified range of products i.e. ETFs, Index Funds or single stocks. I'd say focus on costs and access.
@SonAyoD 4 жыл бұрын
What mutual funds and indexes do you recommend!
@TheHumblePenny 4 жыл бұрын
Hi Ayo, Great question! I unfortunately cannot make recommendations like that as it's "Financial Advice". I will, however, be a lot more candid with folks in our membership community about many things. Feel free to check it out: thehumblepenny.com/FJAlist Please ONLY join the list if your long term goal is for Financial Independence. We're building a truly supportive Community and really only want the right people for the journey 😀
@TAJ286 4 жыл бұрын
This is so good 👍🏾
@TheHumblePenny 4 жыл бұрын
😉👊🏼
@kevinleesmith Жыл бұрын
So - as a parent, i can gift 100k to my parent, who then puts it in the bare trust for my children, thereby skirting the 7 year rule?
@ffjd1 Жыл бұрын
Brilliant
@TheHumblePenny Жыл бұрын
Thank you :). Please share with others
@jomo7002 4 жыл бұрын
And the sipp I was contemplating about opening one I will take this as a sign that I should lol
@TheHumblePenny 4 жыл бұрын
Haha 😉🤔
@hajeralanazi8379 3 жыл бұрын
Except that a million pounds 54 or 41 years from now is probably gonna equate to how much 200k is worth today. Still better to invest.
@desmondivan4176 3 жыл бұрын
I like to have one on one chat with you pls
@TheHumblePenny 3 жыл бұрын
thehumblepenny.com/coaching
@miloplaysviolin 3 жыл бұрын
I sesssss