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Just to clarify, you can open a LISA (soon to be modified into some other scheme. Any LISAs already started can continue) if you're under 60.
It matures when you reach 60.
****ty life
- Thread starter Koolpc
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It matures when you reach 60.
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Go for the council place.
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I wouldn't be happy for you to go for a global equities index fund. Sure they do OK over time, but if the stock market crashed, you could lose a lot.
If you buy Global you're mostly buying US stocks, and ~40% of US stocks are in 10 companies.
"Bonds" generally are things based on people/companies paying interest on loans, most at more than inflation, so they aren't dependent on whether AI turns out to be a disaster or Trump gets more senile.
There are different grades of bond, with government stock at the safe end, down to "Junk bonds", which pay more unless there are a lot of defaults. Since the '08 crash, lending rules have tightened up a hell of a lot, so they're much safer.
Sterling Extra Yield Bind Funds ,Corporate Bonds, High Yield bonds, Strategic bonds, - it's a word soup - are in that (sort of) category and usually beat inflation handily. They can dip, but nowhere near as much as equities (shares).
I've had a look, and tight now ( as in, in 2026) none of them are doing well enough. You can get about 6%, but there are fees to pay which swallow say 1%.
You could look at Royal London Sterling Extra Yield Bond Fund, which does quite well, (10% up last year) but the war did reverse it .
That beats the building societies, but maybe not by enough for the fuss.
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I wouldn't be happy for you to go for a global equities index fund. Sure they do OK over time, but if the stock market crashed, you could lose a lot.
If you buy Global you're mostly buying US stocks, and ~40% of US stocks are in 10 companies.
"Bonds" generally are things based on people/companies paying interest on loans, most at more than inflation, so they aren't dependent on whether AI turns out to be a disaster or Trump gets more senile.
There are different grades of bond, with government stock at the safe end, down to "Junk bonds", which pay more unless there are a lot of defaults. Since the '08 crash, lending rules have tightened up a hell of a lot, so they're much safer.
Sterling Extra Yield Bind Funds ,Corporate Bonds, High Yield bonds, Strategic bonds, - it's a word soup - are in that (sort of) category and usually beat inflation handily. They can dip, but nowhere near as much as equities (shares).
I've had a look, and tight now ( as in, in 2026) none of them are doing well enough. You can get about 6%, but there are fees to pay which swallow say 1%.
You could look at Royal London Sterling Extra Yield Bond Fund, which does quite well, (10% up last year) but the war did reverse it .
That beats the building societies, but maybe not by enough for the fuss.
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Thanks but I am almost 62 now
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Thank you. I have a meeting later with the council regarding the flat.....if all goes ok, I could be moving in by this Friday. I would need to do some decorating etc first...
I won't look at investing as I haven't a clue about it all. I would hate to lose any money invested. I guess you have to be in a position where you accept that you may lose. I wouldn't be happy with that.
If only he had a time machine....
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Yep. No way I can turn back the clock now! If I could go back, I would undo the shïte I have caused in my life....i.e. destroying my marriage!!!If only he had a time machine....
Get in that flat mate and have some good times with your daughter
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It would be a dreadful waste to go back to under 60, just to open a LISA.If only he had a time machine....
He'd be better off investing his meagre savings into perfecting it, doing an IPO, ensuring the machine is properly patented, writing a book on his travels, selling his story, photos, picking last weeks lottery numbers, etc.
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Yea, thanks. She is currently on her way to Scilly with her mum and boyfriend. I have them on a flight tracker! Lol......Get in that flat mate and have some good times with your daughter
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Lol, thanksIt would be a dreadful waste to go back to under 60, just to open a LISA.
He'd be better off investing his meagre savings into perfecting it, doing an IPO, ensuring the machine is properly patented, writing a book on his travels, selling his story, photos, picking last weeks lottery numbers, etc.
Or a grays sports almanac?It would be a dreadful waste to go back to under 60, just to open a LISA.
He'd be better off investing his meagre savings into perfecting it, doing an IPO, ensuring the machine is properly patented, writing a book on his travels, selling his story, photos, picking last weeks lottery numbers, etc.
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How totally selfish of you all. I would go back 30 years and give medical technology what we have now, ie heart foundation and cures for cancer. That's the type of guy that I am. Totally unselfish and amazing.
You'd be locked up probably...where you gonna go who you gonna tell...
Wise up(TM)
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