mid 20's with 30000 to save/invest

Lokolo

ses6jwg wrote: »

The reason I only have £3500 in IL savings is purely because that is the only spare capital I had at the time!

I did not want to withdraw from ISAs to buy IL certs as they are slightly more illiquid.

I did not want to withdraw from my shares as the returns have been much greater and the potential greater still.

If I had more capital I would have put more into them.

He needs to start paying into a pension NOW. It's free money.

Buy him a book on investing. The Naked Trader by Robbie Burns is good. Let him start with a fantasy share dealing account for 6 months. If he does OK, I would not be afraid of putting £5k into real shares and seeing how it goes.

Quite good for a santander worker ;-)