My understanding is that "financial advice" in the UK is more regulated than elsewhere. So even blogs aimed at helping people build wealth can really just talk about ways of saving money, not investment advice that may not match their readers' risk tolerance.
The Bogleheads approach is to go for funds that track broad indices (5outof10 gave some excellent recommendations) and capture the broad market returns. The remaining choice, then, is which accounts to invest through. That's generally driven by tax considerations. If you are under 40, you should probably start with a Lifetime ISA account. You get some matching contributions from the government -- effectively free money for your retirement savings. Contributions max out at 4k/year. After that, a Stocks and Shares ISA offer further tax advantaged savings.
The Bogleheads approach is to go for funds that track broad indices (5outof10 gave some excellent recommendations) and capture the broad market returns. The remaining choice, then, is which accounts to invest through. That's generally driven by tax considerations. If you are under 40, you should probably start with a Lifetime ISA account. You get some matching contributions from the government -- effectively free money for your retirement savings. Contributions max out at 4k/year. After that, a Stocks and Shares ISA offer further tax advantaged savings.
Statistics: Posted by HKexpat — Thu Oct 31, 2024 12:44 am — Replies 2 — Views 122