How to Invest for Your Children & Grandchildren (without them becoming brats!)

Thank you to everyone that has supported the Channel. It's taken 3 long years to get to 100k Subs... but I have enjoyed every minute! Your support allows me to keep doing what I do, and I'm incredibly grateful that I get to do this as my "Job". And I hope I'm going to be able to keep at it for many years to come! Now for some sleep...

I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Samantha Jack. I now make huge profits by weekly through her services while still learning to stand on my own.

congratulations on the birth of Master Shack, and thank you for your informative content as always, our first grandchild has just turned 1 so even though I looked at a junior ISA I was reticent to do so, I have not heard of a bare trust so will take a look - and well done on the 100k subscribers

Congratulations to you both,we have started a Sipp for grandson with Fidelity and will start one for our granddaughter shortly,i know we want be here to see them enjoy it but at least we hsve have started the ball rolling for them,keep up the great content its really informative. 1

Congratulations to you both, I'm sure that with a father with his financial head screwed on as well as yours he'll turn out fine. Enjoy every minute of time with the little one, they grow up so fast.

Our first grandchild is 1 year old in October, and I want to kick-start a SIPP pension that will assure her financial situation some 60 years into her future. However, your presentation has given me food for thought, for which I thank you. Also, congratulations on a well deserved 100K subscription.

Congratulations James. I became a grandfather for the first time (7 September!) so your video is perfectly timed. You’ll love being a daddy.

Congratulations! Ive got investments for my two boys in my own stocks and shares isa as i never get close to being able to max it out, also want control for when they get older for potential house deposit/education. Also recently set up two junior sipps for them also. Only plan to put in small amounts but see it as a good financial education tool/discipline as to what they can achieve when they take control when they get older (plan anyway) Great videos 👍

Many congratulations, James, on your son, and the consistently excellent content of your channel.

Great video! Thanks as always.

Congratulations James! There is little chance of me and my wife both using our full ISA allowances, so I'll probably just create a sub-portfolio within my ISA and have it mentally cornered off as my child's money. Like you say, Junior ISAs are great but there is always a chance your child will recklessly spend the money no matter how well you raise them. I know I made some stupid financial decisions when I was 18!

Fascinating information Thank you James

@JamesShack Congratulations on the 100k subscribers... and your son! This video got me thinking, whilst I won't be around to see it, I would love to understand more how I can put something away for my unborn grandchildren, great grandchildren and great great grandchildren as the amount I would need to put away for them would be so small to have such an amazing impact it seems like a no brainer (i'm 31)! I understand this might be a bit complicated as we don't know how many there will be but, I would like to know that it will definitely go to them rather than just giving the money to my children/ grand children or asking them to set it up so I imagine we would have to set up some kind of trust with a pot based on expected numbers and explain our wishes on when they can access it, who can access it, how it will be divided etc. Would you be able to make a video on how to do this or is it not possible if they aren't born yet?

Firstly, congratulations (on both counts) - what a fantastic time it must be in the Shack household! Secondly, thank you for the video. I started saving for my first daughter when she was born but was always reticent to put it in a Junior ISA, for exactly the reasons you said. You could spend all that time and effort for the money to be wasted away at the age of 18 (like you say, despite excellent parenting)!! So in the end, with the help of a fairly simple spreadsheet, her and my second daughters savings are combined in my personal Vanguard ISA, and I keep track of who has what, and the profits/losses are split depending on the percentage they own within the ISA. The Vanguard ISA was on the back of much research, which included your videos - so again, thank you. Without doubt the most valuable channel on YouTube! Keep up the great work....(please)!

Congrats on both! You are a good guy so it's nice to see you do well.

I still love the JSIPP Strategy. I can do a one off dump of £6k the month they’re born, and congratulations, you’ve funded their basic retirement. You’re frontloaded, they’re sorted, and can now take on more risk in life for such a small one off sum of cash. It’s not going to be my main investing strategy for them, but it will be the first one. It’s the ultimate insurance against rogue youthful behaviour in the event of early death.

Aww he's sooo cute James, congrats!

Your baby is gorgeous. Thanks for the advice. Very helpful.

Congrats on both achievements!!!

1:06 "Well, that took a lot longer than expected" - This is definitely a reference to my investments 😂