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mid 20's with 30000 to save/invest
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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 ;-)0
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