ISAs vs Property

bigbluehouse

which would you recommend? thanks

Thrugelmir

I'd focus on the property. Home ownership provides many benefits that extend beyond just the financial. 

eskbanker

bigbluehouse said:

which would you recommend? thanks

To be honest it really isn't practical for anyone to recommend anything specific to you yet, while still at this level of understanding - you really need to spend plenty more time researching investment principles before making any decisions you might later regret.  Platform choice isn't really a priority - the order of play normally followed around here would be more like:

1. Establish what your investment objectives are
2. Assess your risk tolerance
3. Decide on strategy
4. Determine which tax wrappers are available and suitable
5. Identify suitable investments
6. Identify platforms

Your best bet would be to research via other newbie investor threads on here and also sites such as:

https://www.moneyadviceservice.org.uk/en/articles/investing-beginners-guide

https://www.hl.co.uk/beginners-guides/investing

http://www.monevator.com

http://kroijer.com/

http://diyinvestoruk.blogspot.com/

https://www.ifa.com/indexfundsthemovie/

as well as bearing in mind a number of key points of principle:

1. Only consider investing once you have adequate accessible cash reserves.
   
2. Only invest if you're happy to commit for at least 5-7 years and preferably 10-15 or more.
   
3. 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/
   
4. Choose what you want to invest in before considering which platform to hold it/them on.
   
5. 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.
   
6. Use a Stocks & Shares ISA as a tax-efficient wrapper to avoid liability for income and capital gains tax.

maxsteam

bigbluehouse said:

Which is a better investment financially? And that's property to live in not to let out...

It depends on your goals and accommodation situation. It's like comparing apples and oranges.