She was born just yesterday. Although her future’s bright, financially speaking her life is likely to be far more challenging than her parents’. Even with their help, property and university debts will be a stretch.
But she has something on her side that could transform her entire financial future: time.
By setting up a stocks and shares JISA for her now and investing the current maximum of £750 a month, with an assumed annual net return of 5.5%, she could have over £270K at her disposal when she’s 18*.
* Simulated past performance is not a reliable indicator of future performance. Predicted net returns are based on all-time performance of fully managed Nutmeg Portfolio 7. Calculations don’t take inflation into account.
It's the easy way to understand all the financial stuff you feel you should know but somehow missed.