Investing In The S&P 500 - S&P 500 Index Tracking Fund Options

TojoRalph

cardriver98 said:

if you dont need the money and its a sizeable chunk £50k ?  premium bonds are worth considering.  did that with mine 12 months ago, and have had decent wins EVERY month,  

Eligibility aside, they are looking for more of a long term growth investment than premium bonds and hopefully better growth. FWIW though, with the max invested in PB's, I blanked for the first time this month and I am well behind the curve when it comes to matching the annual prize rate 4.65% (circa £194 a month), which is to be expected. The Mrs however is well ahead of it. 

Bostonerimus1

There are many S&P500 funds that have tracked the index well, but there will be some currency fluctuations. Generally you are better off with a more diverse portfolio and a Global Equity index fund and some cash would be a good start for a young person. The bigger question will be the young person's tax status and access to accounts if they are a digital nomad. If they are not UK tax resident they won't be able to contribute to a SIPP or an ISA. However while living in the UK they will be able to set those up and I'd advise getting as much into ISAs as possible...invest in an inexpensive Global Equity Index Tracker and open an account with something like Wise to move and manage cash.

Albermarle

TojoRalph said:

cardriver98 said:

if you dont need the money and its a sizeable chunk £50k ?  premium bonds are worth considering.  did that with mine 12 months ago, and have had decent wins EVERY month,  

Eligibility aside, they are looking for more of a long term growth investment than premium bonds and hopefully better growth. FWIW though, with the max invested in PB's, I blanked for the first time this month and I am well behind the curve when it comes to matching the annual prize rate 4.65% (circa £194 a month), which is to be expected. The Mrs however is well ahead of it. 

Normally you should have a mix of cash savings for the short term, investments for the medium and long term.
The longer the term the more 'risk' you can take. 
Somebody young with a high risk tolerance should look at global equity trackers ( as already mentioned in the thread a few times) These are typically 65% US stocks and then a spread of equity from other parts of the world.
Somebodt who is a bit more nervous and would react badly to adverse market conditions, maybe better off in a multi asset fund where the equity % is diluted.