S&s isa

tiggs90 · 19 March 2017 at 11:23PM

Hi all,

My first post so go easy on me!

I'm 26 & currently saving money in a cash ISA. I am looking to get a house within the next year or so.

I have a Hargreaves Lansdown account and im looking at opening a S&S ISA. As im looking to buy a house im not going to save much in this account as i realise you want to be able to leave the money safe for a good amount of time.

Does anyone have any advice as to what my best options are? I assume using the ISA is the best way to get into these tracker fund type things? And i have seen vanguard 60 / 80 mentioned a lot, are these "generally" the one to go for?

I realise these depend a lot on circumstances but im mainly starting the account to dip my feet into the S&S and to get an understanding of it. Plus hopefully getting some money in there while im fairly young could help me for long term compound gains.

I dont mind slightly higher risk as im somewhat forgetting about the money going into it for now (although i suppose any stock / share account you need to do that for the first few years)

Thanks

jdw2000 · 19 March 2017 at 11:27PM

tiggs90 wrote: »

Hi all,

My first post so go easy on me!

I'm 26 & currently saving money in a cash ISA. I am looking to get a house within the next year or so.

I have a Hargreaves Lansdown account and im looking at opening a S&S ISA. As im looking to buy a house im not going to save much in this account as i realise you want to be able to leave the money safe for a good amount of time.

Does anyone have any advice as to what my best options are? I assume using the ISA is the best way to get into these tracker fund type things? And i have seen vanguard 60 / 80 mentioned a lot, are these "generally" the one to go for?

I realise these depend a lot on circumstances but im mainly starting the account to dip my feet into the S&S and to get an understanding of it. Plus hopefully getting some money in there while im fairly young could help me for long term compound gains.

I dont mind slightly higher risk as im somewhat forgetting about the money going into it for now (although i suppose any stock / share account you need to do that for the first few years)

Thanks

Hello, and welcome. When will you be needing this money? Is your house money a separate account/fund?

tiggs90 · 19 March 2017 at 11:45PM

Hi! No particular time or reason currently.

House deposit money is staying in cash ISA and im planning on still putting approx 80% of my savings monthly into this to help it on its way(its useless but safe!)

The reason for looking into the S&S tracker is just because i want to begin investing money - it has no particular reason or end point.

Thanks

jdw2000 · 19 March 2017 at 11:57PM

Based on what you've said, I'd just start a S&S ISA with one of the funds you've already mentioned.

S&s isa

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