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ISAs vs Property
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which would you recommend? thanks0
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I'd focus on the property. Home ownership provides many benefits that extend beyond just the financial.0
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bigbluehouse said:which would you recommend? thanks
- Establish what your investment objectives are
- Assess your risk tolerance
- Decide on strategy
- Determine which tax wrappers are available and suitable
- Identify suitable investments
- Identify platforms
https://www.ifa.com/indexfundsthemovie/
as well as bearing in mind a number of key points of principle:- Only consider investing once you have adequate accessible cash reserves.
- Only invest if you're happy to commit for at least 5-7 years and preferably 10-15 or more.
- Diversify - ignore individual shares, etc, and concentrate on collective investments that spread your eggs over many baskets. Global multi-asset funds are a good place to start, available from the likes of HSBC Global Strategy, Vanguard LifeStrategy, Blackrock MyMap and L&G Multi-Index, with a comparison offered at https://monevator.com/passive-fund-of-funds-the-rivals/
- Choose what you want to invest in before considering which platform to hold it/them on.
- Keep an eye on ongoing costs for funds and platforms - they shouldn't be the primary consideration but can make a noticeable difference over the long term.
- Use a Stocks & Shares ISA as a tax-efficient wrapper to avoid liability for income and capital gains tax.
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bigbluehouse said:Which is a better investment financially? And that's property to live in not to let out...0
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