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£500 p/m investment help please
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i have reservations about a s&s isa. Investing £500 a month isn't sensible given the brokerage to buy/ sell and then release funds. As you said would need to be 5-10 years which doesn't really suit my needs.
Thanks very much for your input!
Clarky
You have reservations about S&S ISA but are happy to invest in a S&S LISA, if the difference because you get the bonus? and happy to ride out any dips and and climbs accordingly, or is it because you can use the money to buy a house makes you have less reservations?
Just wondering what the difference is.
Westie983I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0 -
Picking the right platform would mean you could buy/sell funds (but not shares) without additional charge, just the 0.35-0.45% per annum platform fee.i have reservations about a s&s isa. Investing £500 a month isn't sensible given the brokerage to buy/ sell and then release funds. As you said would need to be 5-10 years which doesn't really suit my needs.
Still, if you're not looking to hold the money that long, it's irrelevant.Eco Miser
Saving money for well over half a century0
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