Best Stock&Share Isa for beginners

Arsenal2019

R_P_W said:

OP your thoughts and questions don't seem a million miles away from where I was a couple of weeks ago.

I'm just about to turn 40 and have tried to keep my finances as simple as possible, I don't have any expertise in stocks/shares etc so wouldn't want to gamble with individual stocks with any serious money.

I've always paid into company DC pensions since I was 19 and glad I did.  At the moment with pension I've opted to pay 20% a month which maximises the 40% tax benefits for me.  

I would ideally like to retire or go part time as I approach 60 so have decided to invest a reasonable chunk each month in a S&S ISA.  I looked at a load of options and sought some thoughts from the helpful folk on here.  In the end I went with a Vanguard Lifestrategy 80 fund, its simple, low costs and I think gives me about as much diversification I will need without having to do any of the work myself.  So bit like you I'm thinking 15-20 years timeframe for this.

I also use Free Trade - I have a few hundred £ in there that is play money really.  Also a very small amount of Crypto just because I find it interesting.

So, in summary anything important such as pension and S&S ISA which will have a big impact on my later life - keep it simple, monitor it yearly and adjust if needed but otherwise hands off.

Yes. Sounds very very similar to my situation. That’s what I’m looking at!
Thank you

HoneyRoastedParsnip

I recently opened and invested 2x£4k in HL LISA choosing Vanguard Lifestrategy Funds at various % splits (100%, 80% on 5 and 6 Apr). Then invested one bonus in TESCO (Dividend stock reinvesting dividends) and other in 80% lifestrategy. Biggest mistake I made messing around with £100 was not realising there were trading fees and wasting money! I'll just wait until I'm 60 now!