Hi,
I’ve opened a Monzo Stocks and Shares ISA with a balanced risk. I’m putting about £150 + roundup payments into this ISA a month. I’ll not be needing or wanting the funds starting from 2030 leading up to 2032 (so 7 year max they’ll be in there for with us withdrawing some in 2030 & 2031) as we are using it for a Lapland & Florida fund for my daughter when she’s older.
Is it viable or would a standard Cash ISA account be better? I know that’s a pretty hard question to ask as it’s based on markets but people have said anything under 5 years for a stocks and shares ISA is pointless?