Investor Views: “I’ve Made 37% On My ISA in Less Than Six Months”

Private investor Amanda Day is using investment trusts to build a nest-egg for her daughter – but she’s staying clear of Junior ISAs

Emma Simon 12 October, 2016 | 10:59AM
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Amanda Day says her priority, when it comes to investing, is saving for her daughter - now aged two.

After she was born Day says she set up a regular savings account with Halifax, paying 6%.  “The interest rate certainly sounded attractive. I was putting in a £100 a month, but was disappointed to find that at the end of the year this equated to only £34 in interest.”

As this is a regular saver product, the account effectively ends after 12 months, and the money is swept into an even lower-paying savings account. Day says this prompted her to look at investment options instead.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Henderson Smaller Companies Ord1,188.00 GBP0.17Rating
Scottish Mortgage Ord1,357.61 GBP-2.78Rating

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk