LISA from Cash to Investment?

campro13

Hello, I currently hold a cash lifetime ISA that I max out every financial year, with the current economic situation and the stock market crash, would it be worth transfering this into an investment LISA to benefit from the "discounted" stock prices?

kuratowski

What do you intend to use the LISA for, and how soon do you need to access the money?  If you invest, then in general you should be looking at a minimum of 5 years before you need the money, and 10 years is better.  There is always risk with investments.  Don't get swayed by those yellow sticker price reductions and buy something you wouldn't otherwise want!

Alexland

Yes, in most cases Cash LISAs are for those saving to buy a property and S&S LISAs are for those investing 20+ years for age 60.