23 year old with £10,000…

ronaldadio

My Son has £10,000 to invest. 

Lives at home with us, minimal outgoings, no debt. 

Where would be the best place to put this money for long term? 

Doesn’t want high risk. 

Thanks I’m advance

Thrugelmir

One option assuming one day hopes to leave home. Save rather than invest. Cash Lisa. With a £4k annual limit (per tax year). Will need to be drip feed. 

bostonerimus

"Doesn't want high risk" could mean anything from medium risk to no risk at all. Your son is in a great situation to take risk with his money. I suggest he does some reading about investing and personal finance. In his situation I would probably put about half in the bank or a cash LISA and the rest into something like VLS100 ie a global equity fund, in and ISA or a company pension fund, but that is risky...

george4064

Long-term, the best thing to do would be to invest the cash as tax efficiently as possible. 

A key factor you haven't mentioned is what your son wants to do with money, and what for? When?

ronaldadio

george4064 said:

Long-term, the best thing to do would be to invest the cash as tax efficiently as possible. 

A key factor you haven't mentioned is what your son wants to do with money, and what for? When?

Probably for house deposit, or at least towards that. Won’t be for at least 5 years

ronaldadio

bostonerimus said:

"Doesn't want high risk" could mean anything from medium risk to no risk at all. Your son is in a great situation to take risk with his money. I suggest he does some reading about investing and personal finance. In his situation I would probably put about half in the bank or a cash LISA and the rest into something like VLS100 ie a global equity fund, in and ISA or a company pension fund, but that is risky...

As little risk as possible but with some return 

Albermarle

As little risk as possible but with some return 

The Holy Grail of all investors !

Time is your friend in this respect , as the chance of losing money recedes the longer you hold an investment ( assuming it is a suitable mainstream investment )

london21

Put in LISA and rent in savings account 

or 

invest in a lower risk index fund.

bostonerimus

ronaldadio said:

bostonerimus said:

"Doesn't want high risk" could mean anything from medium risk to no risk at all. Your son is in a great situation to take risk with his money. I suggest he does some reading about investing and personal finance. In his situation I would probably put about half in the bank or a cash LISA and the rest into something like VLS100 ie a global equity fund, in and ISA or a company pension fund, but that is risky...

As little risk as possible but with some return 

There isn't enough quantitative information to sensibly answer, maybe now I have a bit more sympathy for IFAs. Seriously I think your answer shows that you and your son need to take a bit of time to read around the subject of investing/saving and risk. 

wmb194

ronaldadio said:

bostonerimus said:

"Doesn't want high risk" could mean anything from medium risk to no risk at all. Your son is in a great situation to take risk with his money. I suggest he does some reading about investing and personal finance. In his situation I would probably put about half in the bank or a cash LISA and the rest into something like VLS100 ie a global equity fund, in and ISA or a company pension fund, but that is risky...

As little risk as possible but with some return 

So a savings account.

grumiofoundation

london21 said:

Put in LISA and rent in savings account 

or 

invest in a lower risk index fund.

Lower risk than what?

The way your post is written someone with little knowledge could infer than an index fund is lower risk than a savings account. Which by most people definition of risk, and assuming we are talking sub 15+ years, is not really the case.