Lisa and pension getting me down

Lcwonder

Invest in shares they said you’ll get a better return they said I just seem to keep losing money.

I’m in my 30s in a lucky and unlucky position lucky I have £110000 saved in cash unlucky I’m never going to be able to own my own house due to mental health issues.

So I’m saving for my retirement I put 300 into my private pension and with tax relief that’s 375 I also set up a Lisa and put 333 into it a month and get 25% ie a grand a year free but all my free money seems to be disappearing on the stock market should I stop and save in cash which has been my go to in the past?

Flobberchops

I can't give definitive or personalised financial advice but as long as you're investing in a diversified set of stocks and shares (or via well balanced funds) a short term depreciation in capital is nothing to be afraid of. That just means it's a good time to buy and hold, and a poor time to sell.

AnotherJoe

Who were "they" and what are the "shares" and do you literally mean shares ?

Stubod

The last couple of years seem to have been "bad" for investing, (at least for us) We went with a new IFA 2 years ago who advised their "medium risk" investments generally returned 6% - 8% pa. Over the last 2 years we have achieved less than we get from a "normal" savings account, (our Premium bonds have performed better!)....I guess that's just the nature of the stock market...(...your money is at risk etc....)

Lcwonder

I just mean they as in ‘financial advisors’ in papers when ever they said try and beat inflation by buying shares
I literally meant shares as in shares I’m a bit dyslexic

lpgm

Prices don't go up in a straight line. Sometimes they go down. Sometimes down by a lot. But you won't actually lose any money unless you panic and sell. And you won't be selling for many years.

lpgm

Stubod wrote: »

We went with a new IFA 2 years ago who advised their "medium risk" investments generally returned 6% - 8% pa.

That percentage will be on average. And you'll need to work out the average over a lot more than two years.

Alexland

At your stage in life share price rises would be unhelpful so be happy your new contributions and dividend reinvestments are still buying into units at historic prices. The longer it goes on for the brighter the forward outlook gets. Keep going with regular contributions into mainstream, low cost and diversified products. Maybe add a bit more in the dips to improve your recovery.

Lcwonder

Nutmeg is where my Lisa is

Alexland

Nutmeg is OK if you are in their fixed allocation portfolios at a suitable risk level. The LISA market is less competitive with higher fees than the best value S&S ISAs which over the years can erode some of the LISA advantage. After a few years of contributions it's worth transferring to a AJ Bell YouInvest LISA and investing in ETF(s) for capped platform fees.

Lcwonder

Mines fully managed at 0.75% I don’t understand the rest I didn’t think you could move lisa’s