How to invest for a 29 yr old!

jord22

Thrugelmir said:

What are you saving for?  Set your objectives first. Then decide on the most appropriate investments. 

My first property hopefully! 

eskbanker

jord22 said:

Thrugelmir said:

What are you saving for?  Set your objectives first. Then decide on the most appropriate investments. 

My first property hopefully! 

In what sort of timescale?  It may be better to save rather than invest, but either way, a Lifetime ISA offers free money that's difficult for a first-time buyer to ignore....

DireEmblem

I would agree with the Lifetime ISA route.  IIRC, The Government add 25% bonus up to 1k, so if you deposit 4k a year, you have 5k.  If you think you will buy in the next 5-10 years, then just hold it in cash.  That to me would be the first route to take.

For longer term investing, I would reccomend either topping up your pension with work first as you will likely receive tax advantages by doing this, and then a S&S ISA.  Place at least 90-95% of this into a global equity tracker and deposit as much as you can over time.  The reason I say 90-95%, is to allow the remainder to buy stocks directly, and educate yourself.

[Deleted User]

I am a similar age, I started about six months ago. Went on to Trading212 and opened an ISA and bought some shares, perhaps £50 a month. I have made nearly £100 so far. I see it as a bit of fun and do not see it as a serious investment which I can fall back on, nor do I need the money, if I lose everything I will be fine but a bit annoyed. Trading 212 isn't liked much around these parts but I think it is ok for fun investments. 

My long term plan is to have the investments as a side thing for when I buy my house, as all my savings will go into it, the investments will be something I can fall back on if needed, as by that time they will be worth a couple fo thousand, but as I say it is not a total thing and I have other sides being built up as well (something small, £20 a month in a tin can!)

I am saving for my house with cold hard cash, LISA, interest savings accounts (although nearly all the good ones are gone or closing within the year). Premium bonds the rest is saved into. I plan to buy within the next three to four years once I hit the required savings amount. You are constantly playing catch up, my goal is likely going to be behind in three four years so I will have to save for another six months or so, but I will catch the $$$$$

jacklaurence

I would outline your goals, then likely look into a diversified fund such as a Vanguard All Cap with a view of not touching it for 5+ years.