Investments newbie and a little bit swimming
in Savings & investments
14 replies 1.1K views
Help. We bought our first house this year and until this point, it was clear that I was saving for a deposit but now I am not sure where to save. Didn't bother to do a LISA actually, frustratingly. We have currently about 22k+ reasonably generous emergency fund in savings. Some of this is currently invested overseas short-term maturing in Jan. 2 kids child benefit has consistently gone into savings untouched so I need to open a Junior S&S ISA for them. Mort rate 2.4 fixed for next 4 years. Still with inflation, do we also overpay? How much? Is the First Direct 7% worth going after and opening an account? Already have Barclays Blue rewards. But then I am drawing a blank. I have not always saved for pensions. In fact, I have been out of work for a few years and on short-term contracts so I have only just asked for a pension contribution. It made sense to be in sporadic work and upskilling because of childcare, no other reason. In the new year, I will be doing agency work as I am finishing an advanced degree. I may be an information junkie and so I have looked at FIRE and everything and I am a little bit overwhelmed with the wealth of choice and information. I quite like the idea of being active with our investments but perhaps I need to wait on that a bit until I know what I'm doing. I have looked at ETFs mostly global but then how does one choose? Where to start?
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