What shares you buying?

42

Winger
That’s what I’m wanting to do, just a monthly payment and sort of forget about it. Think I will look at setting vanguard up 👍

As someone else pointed out, Vanguard dont do LISA's.
WIth LISA's, the government give you an extra 25%. But you're restricted to investing £4k a year, if withdraw before 60 other than buying your 1st house then you get hit with 25% fee (which is more than what the government give you, as that becomes 20% when working it the other way) & can only open if under 40, and not allowed to top up once you hit 50

Probably worth checking, but with them being different ISA types you can possibly open a LISA with H&L (if eligible) and ISA with Vanguard.
 
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Oily Oily Oily

Full Back
A Vanguard ISA + a monthly direct debit to the LifeStratergy 80 or 100 fund would be a good place to start. I think I began investing with £50 a month then increased it over the years as and when I could afford it.
Them are the two I am looking at, the reduce the risk as I get older and maybe go for 60.
I will probably start on £50 a month and increase like you say.
As someone else pointed out, Vanguard dont do LISA's.
WIth LISA's, the government give you an extra 25%. But you're restricted to investing £4k a year, if withdraw before 60 other than buying your 1st house then you get hit with 25% fee (which is more than what the government give you, as that becomes 20% when working it the other way) & can only open if under 40, and not allowed to top up once you hit 50

Probably worth checking, but with them being different ISA types you can possibly open a LISA with H&L (if eligible) and ISA with Vanguard.
So if I just go for a isa with vanguard am I missing out on anything?
I see you restricted to 4K with a LISA’s, isa are 20k per tax year.
 
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42

Winger
Them are the two I am looking at, the reduce the risk as I get older and maybe go for 60.
I will probably start on £50 a month and increase like you say.

So if I just go for a isa with vanguard am I missing out on anything?
I see you restricted to 4K with a LISA’s, isa are 20k per tax year.

Youd be missing out on upto £1k a year free money from the government by not going with LISA. But it depends if you want access to it early or not.
Also what's your pension situation?
 
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Amokachi

Goalkeeper
I took my money out of a Cash LISA a few months ago and put 75% of it into a S&S ISA and I regret I didn't do it sooner tbh, the market is absolutely flying.
(I'm aware it could crash down it level off at some point)
 

42

Winger
I took my money out of a Cash LISA a few months ago and put 75% of it into a S&S ISA and I regret I didn't do it sooner tbh, the market is absolutely flying.
(I'm aware it could crash down it level off at some point)

Should've put it into a S&S LISA, youd have been 25% more better off.
 

Darlo1973

Midfield
I took my money out of a Cash LISA a few months ago and put 75% of it into a S&S ISA and I regret I didn't do it sooner tbh, the market is absolutely flying.
(I'm aware it could crash down it level off at some point)

The last week has been especially good. A mixture of a lot of people putting money into the market at the end of the tax year, optimism about lockdown lifting and also a better outlook in the US. Europe may not be looking so good but I don't have much exposure to EU markets, I'm mostly in UK, US and emerging Asia.
 

Oily Oily Oily

Full Back
Youd be missing out on upto £1k a year free money from the government by not going with LISA. But it depends if you want access to it early or not.
Also what's your pension situation?
Pension situation in what way?
I have had a pension since being an apprentice at 16, always paid in.
Currently pay 3% and company pays 6%, I was looking to increase my contribution up to 6% in the next few years.
 

42

Winger
Pension situation in what way?
I have had a pension since being an apprentice at 16, always paid in.
Currently pay 3% and company pays 6%, I was looking to increase my contribution up to 6% in the next few years.

The LISA option where you get the government top up is effectively the same as the tax rebate on pensions. So if theres an option to pay extra into pension it could be another option to go down instead of LISA route. Although pensions are taxable over the personal allowance & 25% tax free lumper, you can draw a few years earlier than LISA and carry on contributing after you're 50

Another benefit with pensions is that your pot isnt means tested should you end up out of work. Whereas ISA's are (although not sure what the crack is with LISA due to the restrictions)

Just something to think about. Theres no right or wrong answer, just need to weigh up pros & cons to what suits your needs.
 
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toxic tracksuit

Full Back
Would tip Touchstone - good time to buy back in. Can be volatile as their value is based on success of gas exploration finds which by default means they sometimes find nowt.

Open Orphan still going strong, with an objective of doubling every 6 -12 months.

I hope some people jumped on these.

Touchstone rebounded 25% today based on positive test results
Open Orphan up 40%

:cool::cool::cool::cool:
 
So is it close to selling time?

How have you changed your username & status?
I’m holding for now.

username was done after reading this (contributors only by the looks of it). Status was by request to @AB22 Easy Tiger

 
I’m holding for now.

username was done after reading this (contributors only by the looks of it). Status was by request to @AB22 Easy Tiger

Happens to the best of us
 

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