If you’re investing to grow your wealth, chances are you’re doing so with a specific goal in mind, such as retirement, paying for children’s education or building a deposit for a property purchase. These goals typically take different lengths of time to achieve. Investing via a Junior individual savings account (Jisa) when your child is born gives you an 18-year investment horizon, while building a retirement pot will be done over a longer period of 20 to 40 years. Meanwhile, you could potentially amass enough funds for a house deposit within a much shorter time of five to 10 years. Therefore, the type of portfolio you construct should depend on your time horizon, as well as your personal circumstances.
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