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Investing beginner

buffbuff
Posts: 97 Forumite

Hi all, I'm looking at investing for
the first time in my early 30s.
I already have a HTB isa (this is full) and a lifetime isa. I believe I can open a stock's and shares isa this year even though I've payed in to both isa's above?
I'm looking at putting between £125 -£175 a month with the odd lump sum in to investing for the next 10-20 years and was thinking Vanguard LifeStrategy 60% equity or 80% equity was a good option for a cheap & simple hands off approach?
Thanks
the first time in my early 30s.
I already have a HTB isa (this is full) and a lifetime isa. I believe I can open a stock's and shares isa this year even though I've payed in to both isa's above?
I'm looking at putting between £125 -£175 a month with the odd lump sum in to investing for the next 10-20 years and was thinking Vanguard LifeStrategy 60% equity or 80% equity was a good option for a cheap & simple hands off approach?
Thanks
0
Comments
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The 80% equity would be better due to your young age as long as you did not want to access it for >10 years.
If you are an employee you should also be contributing to a pension ?
1 -
Yes I'm paying in to my work place pension and I'm looking at leaving it in at least 10 years as I have cash savings for emergency's and buying a home.0
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OP why have you chosen VLS, what is your investment strategy for this fund?
Seems VLS is very popular on here for starters, although the UK equities weighting makes me uncomfortable, but may be right for you"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP1 -
I haven't committed to anything yet I'm just looking if that's the best option I'm a complete noob when it comes to investing VLS seems to be a very popular opinion for beginners according to the investments for beginners videos on YouTube.
Apologies but I'm a beginner, what do you mean by investment strategy?
Thanks
0 -
@buffbuff
For a hands off approach Vanguard funds are popular. They often include exposure to developed and developing markets, and with the life strategies series you can choose an equity to bond ratio that is appropriate to your level of risk. I have attached some PDFs for comparisons between;- iShares Core MSCI World UCITS ETF | SWDA
- FTSE All-World UCITS ETF (VWRL) - Vanguard
- LifeStrategy® 80% Equity Fund - Accumulation - Vanguard
As for your ISA question, did you utilise the full allowance? Perhaps here might help:
https://www.moneysavingexpert.com/savings/lifetime-isas/#:~:text=t%20miss%20out.-,What%20is%20a%20Lifetime%20ISA%3F,1%2C000%20of%20free%20cash%20annually.
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Thank you for the information, I think I'm leaning more towards the 80% equity.
For the lifetime isa I haven't used all of the allowance as I'm saving for a house but once I've bought a home I will be looking at putting the full £4000 a year in to it.0 -
Your stocks and shares ISA allowance is £20k per year. You'll need to deduct your contribution from the HTB or LISA, such that you do not exceed the £20k limit for the tax year.
As for getting started, I always point people to this series of videos:https://www.youtube.com/watch?v=3psiPdkW_Ao
This book is also worth reading if you're interested in understanding the basics and seeking a largely passive investment strategy for the longer term (10 to 20 years):
https://www.amazon.co.uk/s?k=smarter+investing+-+tim+hale&adgrpid=110258178852&gclid=EAIaIQobChMI8b-T5YOl6wIVWOvtCh3vAAIQEAAYASAAEgKLJPD_BwE&hvadid=450401117675&hvdev=c&hvlocphy=9045932&hvnetw=g&hvqmt=b&hvrand=3085522320927012108&hvtargid=kwd-746207616382&hydadcr=18495_1817302&tag=googhydr-21&ref=pd_sl_6of19z00t4_b_p50
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I have put about £3000 between them so I have plenty of allowance left.
I will have a look at the video and book when I get home as I do need to learn the basics. I've been watching financial freedom and education's videos and he seems to give good advice.0 -
Pensioncraft has some interesting videos that are not too impenetrable:
https://www.youtube.com/c/Pensioncraft/videos
Think first of your goal, then make it happen!1 -
buffbuff said:Thank you for the information, I think I'm leaning more towards the 80% equity.3
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