Perfecting my investing

Eyeful

1. Use  SIPP's & ISA's to help shield you from tax. 
 
(a) SIPPS
A self-invested personal pension (Sipp) is essentially a do-it-yourself pension. Unlike other types of private pensions, where you usually rely on the scheme provider to decide where your retirement savings should be invested, a Sipp puts you in the driver's seat.  

You'll be taking on responsibility for choosing and managing your own investments, so you'll need to have the time and confidence to do this.

(b) ISA 

is just a tax free wrapper within which you can shield cash & investments.They come in two types, either a Cash ISA or a Stocks & Shares ISA.

 

2. You can make investing as simple or as complex as you like. If all you want is a simple buy  and forget it approach that will beat most of the "active fund managers" then consider a low cost passive Global Multi Asset Index Fund or ETF with a Share / bond split you are comfortable with and place it in one of the above tax wrappers.

Bostonerimus1

It's great to improve your investing and finances, but you'll never perfect them. There are a few things that I believe to be far from perfect in your finances. You should be using the tax advantages of a pension, your assets seem to be unnecessarily complicated and I don't agree with your investment in crypto.

Here's what I'd do
1) Do a budget to see where you can save money and to track your spending.
2) Pay off all high interest debt.
3) Save at least 6 months spending into a saving account.
4) Invest at least 10% of your gross income into a pension invested in low cost index or multi-asset funds.
5) Any excess put in an ISA invested in low cost index or multi-asset funds.
6) Do not sell other than to rebalance, let simmer for 40 years and then worry about drawdown and income generation.

DiamondLil

@Linton - from April this year, one can pay into more than one stocks and shares ISA as long as the total contributions of £20,000 per year is adhered to.