Approaching 30

[Deleted User]

Approaching 30…some financial investment advice needed

Stocks & Shares ISA
£5k in Lloyds Banking Group Shares
i invest between £50-100 a month in this company appreciate risky but I bought low enough that even marginal rise of day 10p would be a nice earner. Also like th dividend

LISA
£6.5K held in DODL LISA
i invest £100 into a FTSE 100 All share Fund.  Intention of this is to have a house deposit saved up. So next investment I’ll increase this to £200

Fixed Term Saver
£1K matures at some point in October 2023

BOS Ready Made Investment
£500 only…just opened it but think it’s pretty poor from what I read after opening it. Have an investment set up for £250 a month…but thinking of stopping this and giving it to my LISA

currently have no debt other than a usual £100-200 on credit card which gets paid and cleared in full every month

However what I do want to do is set up a long term 20 - 30 years investment for like £50 and have it forgot about…any advice on what to put this into or platform to set it up on? My shares are held in a BOS Share Dealing but I wouldn’t mind putting this money somewhere else so I can forget about it until the future. Not interested in setting up a private pension just incase I ever needed it in the future! I did increase my employee contributions from 5-7% which will take effect in November this year 

basically looking somewhere and something to invest a little every month for 20-30 years for a nest egg. Any advice on what to do?

[Deleted User]

mooneysaver said:

All seems heavily weighted to equities. You probably want some crypto in there for diversification

Crypto isn’t something I want to get involved in

ColdIron

[Deleted User] said:

Stocks & Shares ISA
£5k in Lloyds Banking Group Shares
i invest between £50-100 a month in this company appreciate risky but I bought low enough that even marginal rise of day 10p would be a nice earner. Also like th dividend

Seems an odd choice. Do you see them going anywhere? Many don't. What attracts you to the dividend? At 30 or so you don't need the income and even with them reinvested high dividend companies have limited growth prospects. I'd focus on total return

LISA
£6.5K held in DODL LISA
i invest £100 into a FTSE 100 All share Fund.  Intention of this is to have a house deposit saved up. So next investment I’ll increase this to £200

Not a great choice but better than LBG. Why have you dismissed the US, Europe, Japan, Asia Pacific and Emerging Markets? Do you see see a bunch of, ahem, 'mature' UK companies outperforming the rest of the world for 30 years? Few do

You need to look further than the UK

However what I do want to do is set up a long term 20 - 30 years investment for like £50 and have it forgot about…any advice on what to put this into or platform to set it up on?

That would be a pension then with it's generous tax breaks (while they exist). What you invest in is far more important than where so your choice of platform should be low on the list. I'd probably use my employers pension
However at your age I'd prioritise the house deposit and the LISA is fine for that

Not interested in setting up a private pension just incase I ever needed it in the future!

You will need it in the future unless you are very unlucky

I did increase my employee contributions from 5-7% which will take effect in November this year

Good move. Your older self will thank you

NB Ignore the previous poster, it's (predictably) terrible advice

El_Torro

If you're discounting pensions then making full use of your annual ISA allowance is the best way to go. You mention a LISA. Are you saving to buy your first property? If not then remember it's best to keep money in your LISA until you're 60. Otherwise the penalty means you might as well have used an ISA instead. 

There are various platforms for Stocks & Shares ISAs. Personally I use Hargreaves Lansdown and AJ Bell, neither of which are particularly cheap.

I am personally not a big fan of buying shares in individual companies. I would put this money into a global tracker fund or multi asset fund. It should still perform very well over the decades and is not a gamble, unlike buying individual shares.

Also, don't listen to mooneysaver. Crypto is an even bigger gamble than buying individual shares.

[Deleted User]

El_Torro said:

If you're discounting pensions then making full use of your annual ISA allowance is the best way to go. You mention a LISA. Are you saving to buy your first property? If not then remember it's best to keep money in your LISA until you're 60. Otherwise the penalty means you might as well have used an ISA instead. 

There are various platforms for Stocks & Shares ISAs. Personally I use Hargreaves Lansdown and AJ Bell, neither of which are particularly cheap.

I am personally not a big fan of buying shares in individual companies. I would put this money into a global tracker fund or multi asset fund. It should still perform very well over the decades and is not a gamble, unlike buying individual shares.

Also, don't listen to mooneysaver. Crypto is an even bigger gamble than buying individual shares.

Could you give me a few examples of funds to look at?

Barkin

mooneysaver said:

All seems heavily weighted to equities. You probably want some crypto in there for diversification

... or you could put it all on the 3:30 at Chepstow. 

ColdIron

[Deleted User] said:

El_Torro said:

If you're discounting pensions then making full use of your annual ISA allowance is the best way to go. You mention a LISA. Are you saving to buy your first property? If not then remember it's best to keep money in your LISA until you're 60. Otherwise the penalty means you might as well have used an ISA instead. 

There are various platforms for Stocks & Shares ISAs. Personally I use Hargreaves Lansdown and AJ Bell, neither of which are particularly cheap.

I am personally not a big fan of buying shares in individual companies. I would put this money into a global tracker fund or multi asset fund. It should still perform very well over the decades and is not a gamble, unlike buying individual shares.

Also, don't listen to mooneysaver. Crypto is an even bigger gamble than buying individual shares.

Could you give me a few examples of funds to look at?

Either of these could be a good starting point

https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds

https://www.assetmanagement.hsbc.co.uk/en/intermediary/capabilities/multi-asset/hsbc-global-strategy-portfolios#openTab=0

Albermarle

30Towers said:

Approaching 30…some financial investment advice needed

Stocks & Shares ISA
£5k in Lloyds Banking Group Shares
i invest between £50-100 a month in this company appreciate risky but I bought low enough that even marginal rise of day 10p would be a nice earner. Also like th dividend

LISA
£6.5K held in DODL LISA
i invest £100 into a FTSE 100 All share Fund.  Intention of this is to have a house deposit saved up. So next investment I’ll increase this to £200

Fixed Term Saver
£1K matures at some point in October 2023

BOS Ready Made Investment
£500 only…just opened it but think it’s pretty poor from what I read after opening it. Have an investment set up for £250 a month…but thinking of stopping this and giving it to my LISA

currently have no debt other than a usual £100-200 on credit card which gets paid and cleared in full every month

However what I do want to do is set up a long term 20 - 30 years investment for like £50 and have it forgot about…any advice on what to put this into or platform to set it up on? My shares are held in a BOS Share Dealing but I wouldn’t mind putting this money somewhere else so I can forget about it until the future. Not interested in setting up a private pension just incase I ever needed it in the future! I did increase my employee contributions from 5-7% which will take effect in November this year 

basically looking somewhere and something to invest a little every month for 20-30 years for a nest egg. Any advice on what to do?

A pension is a long term investment with tax advantages, so this fits your 20 to 30 years plan.
So simplest thing to do is to just increase your current workplace pension contributions by £50 a month . Job done.
Make sure this pension is invested in a way you prefer. You have given details of how you have invested elsewhere, but no info on how the pension is invested . 

With the LISA, if it is to buy a house in the next two or three years, it would be safer in a cash LISA. If it is for the longer term then a S&S LISA is better, but preferably not invested just in UK - think global !

Final bit of actual advice - read this and the pensions forum regularly !

Nurse2047

Look at Vanguard and investing all in to the Global all cap fund 
https://youtu.be/ZfNkyzmdnyg?si=BpEmbCfMSsc4_ebx

ColdIron

In your other thread you have dismissed Vanguard due to the minimum investment. Don't confuse Vanguard Investor (their platform) and Vanguard funds, they are separate things. Vanguard do many funds and most of them are available through all the mainstream platforms for as little as £25, e.g. HL with their monthly savings

adam06_2

If decentralised banking takes off, then central banks like Lloyds will crash hard...