Investing is not complicated, and you can easily and quickly learn everything you need to know. Our very own YouTube channel and website contains a treasure trove of information that will tell you everything and more.
Do-it-yourself:
In short, you will first need to pick a LISA on a do-it-yourself investment platform. Then, you will probably want to build a portfolio that gets you exposure to global stocks (and maybe bonds – though not for us). This article discusses the very portfolio that we use but this is not financial advice, and if you copy it, you do so at your own risk.
You can even build a diversified global portfolio with just 1 fund, so investing really is as simple as you want to make it. Vanguard index funds/ETFs are extremely low cost, and we would consider using one of these if going down that route:
- Vanguard FTSE Global All Cap Index Fund – Fee 0.23% (ISIN: GB00BD3RZ582)
- Vanguard FTSE All-World UCITS ETF – Fee 0.22% (VWRL)
Do-it-for-me:
Alternatively, you can use a robo-advisor to do everything for you. The bad news is only one robo-advisor currently offers a LISA but fortunately it’s one of our favourites and is competitively priced (see below for details).
A robo-advisor will assess your attitude to risk by asking you a few questions and then assign you to a suitable investment portfolio. They then manage this on your behalf.
While robo-investing platforms are very affordable, they do typically cost a little more than DIY investing platforms. However, the most important thing when investing is not the fees you pay but what overall return you get, so a small premium may be worth paying.