Joined: 07/12/2020(UTC) Posts: 21
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Fife Clive;271471 wrote:Grubber;271380 wrote:Thanks for the suggestions so far which would be for grandchild 2.
We started a JSIPP for the first grandchild 2 years ago and this now holds
BLACKROCK WORLD MINING TRUST
CITY OF LONDON IT
HARBOURVEST GLOBAL PRIVATE EQUITY LIMITED
ISHARES GLOBAL CLEAN ENERGY UCITS ETF DIST
RIT CAPITAL PARTNERS
SCOTTISH MORTGAGE
Overall down slightly so would you add to existing holdings or diversify further? Sorry to be blunt, just going to say it, that portfolio looks totally mental especially for an investor with a 60+ year time frame. I could see the rationale if it were a tactical position, with intention to rebalance within the portfolio, and adjust in future conditions. But are you going to do that? And when granddad shuffles off this mortal coil, is anyone going to be doing that? I shudder at the cumulative loss to fees over the investment horizon - that’s one hell of a hurdle to get over to beat a simple passive strategy. Echo the majority of the people above: 1) open account with Fidelity (zero fees for junior products) 2) deploy money into Vanguard Global All Cap (or ETF equivalent VWRP if you really wanted - I don’t see the point) 3) forget about it until next year, when you repeat (2) I’d also steer towards filling Junior ISAs first - a life-changing help to me at age 25 would have been £50k for a deposit, not a slightly larger pension pot accessible 30 years hence. Relax about the idea of giving up control and trust them to be raised with a sensible head on their shoulders
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