Episode 11 - Cem Eyi Beanstalk App Interview
Description
Simon is back with co-host Charles Archer and special guest Cem Eyi, co-founder of The Beanstalk App.
Cem explains how The Beanstalk App came about from his Kidstart business and why it's dedicated to helping families save for their children, by dragging children's savings kicking and screaming into the 21st century!
Charles challenges Cem on the choice of shares fund that the Beanstalk JISA offers; the Fidelity Global Index fund, which eschews small-cap companies and emerging markets in favour of the giants like Apple and Amazon, which could be seen as too conservative given a child’s investment timescale. Cem explains the reasoning behind this decision and goes into detail about why Beanstalk isn't for everyone, but more widely suitable for those with little or no investment knowledge.
Education around investing in a JISA and why cash ISAs need to come with a risk warning were also discussed in detail.
United States
