Graduate looking for Financial Options

Paul_DNAP

Socajam wrote: »

So the guess is to hell with student loan. I have received mine and to hell with everyone else.
The least the OP could do is pay 25% off the student loan debt.
I see this student loan coming full circle and affecting those later in life who wants to attend university by becoming more expensive.
Nothing in life is FREE, the money have to come from somewhere, after all it does not grow on trees.

No, nobody is saying "to hell with the student loan" - what is being said that (if they have one), there is probably no advantage to the OP in clearing the student loan early and they should just pay it off at the agreed rate of salary deduction.

MaxiRobriguez

House is probably the best option but you'll be limited in your options because your ceiling purchase price will be £185k, which isn't going to go very far in London and the South East. If you could find a two bed flat for that, and get a lodger to help pay the mortgage, that is highly likely to be your best option, especially if it''s a place that others may want to rent from you in the future (if you came up North to the nicer parts of the country in the future!).

atush

Have you/will you join the company pension? S=Do you currently have any savings?

I'd open a LISA and save emergency cash. A s&S isa for the rest as you cant put much in the LISA (although you could save extra in cash to out into a LISA next year too).

Terry_Towelling

Terry_Towelling wrote: »

Do you have any student debt to take into consideration?

Wish I'd never mentioned it now but was just thinking that where there is every reason to believe you will earn enough for long enough to repay your student debt, it may be an idea to do something that reduces the significant interest burden associated with that debt.

Without knowing whether they have any student debt or how much that debt might be, it isn't really possible to say what they should be doing about it. I take the points raised though about the efficiency of using one's money whilst, at the same time, not looking to shaft the tax-payer.

Terry_Towelling

Jon838 wrote: »

There are lots of investments to make with the money you inherited, as it would further help secure your financial future. I would advise that you invest in stocks. There are lots of stocks you could invest in, and you would need to be pointed in the right direction so you don’t make bad trades. I would advise that you try investorgreg.net. for advise on trading and investments
With investorgreg.net., You’re sure of getting a good broker to help you with your trading options

Without going onto the site myself, is investorgreg set up to advise on the best way to invest from here in the UK?

Herbalus

Terry_Towelling wrote: »

Without going onto the site myself, is investorgreg set up to advise on the best way to invest from here in the UK?

I also haven't been on their website, but even if it is a UK site, I'd eat my hat if it was able to advise on the "best way to invest". The twitter account was safe to click on, and goes on about bitcoin and ICOs etc. Nothing mainstream.

If you're going to invest, stick to funds at this stage to diversify.

Terry_Towelling

Herbalus wrote: »

I also haven't been on their website, but even if it is a UK site, I'd eat my hat if it was able to advise on the "best way to invest". The twitter account was safe to click on, and goes on about bitcoin and ICOs etc. Nothing mainstream.

If you're going to invest, stick to funds at this stage to diversify.

To be fair to Jon838 I was only putting my own spin on what he appeared to be recommending and trying to draw him out a bit on the focus of the advice likely to be available.