S&S ISA as non-official pension

kyana

thank you jamesd for your useful and comprehensive answer. i shall certainly look at the products you mention. i think i just need to get started in investing and realise it is not that hard or scary.

jamesd

Yes, getting started is the fist key thing. Then seeing your first big drop and accepting that it is normal and staying invested. I saw a drop in the 10-15% range a month after my first ISA investment. Not nice but I knew intellectually that it was normal and OK. But intellectual knowledge is not the same as seeing your own money reacting.

kyana

jamesd wrote: »

Yes, getting started is the fist key thing. Then seeing your first big drop and accepting that it is normal and staying invested. I saw a drop in the 10-15% range a month after my first ISA investment. Not nice but I knew intellectually that it was normal and OK. But intellectual knowledge is not the same as seeing your own money reacting.

definitely. i am bracing myself for that! in fact, logically, a drop is the best time to put more money in.