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/biz/ - Business & Finance

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16234128 No.16234128 [Reply] [Original]

My parents have been putting money into various savings accounts for me and my brother since we were small and I don't know the exact amount but its been implied that its around £5-£10k for each of us. What is the best thing to do with the money? I don't spend money very quickly and I'm usually careful with it so I wouldn't be able to spend that much even if I tried.

Should I put it into a new savings account? The bank suggested an ISA. I've also considered investing in stocks but it seems a bit risky since I don't really know much about it.

>> No.16234173
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16234173

>>16234128

>> No.16234229

>>16234128
Dont invest in stocks, especially now with uncertainty of Brexit.

Would suggest putting it into a help to buy ISA. Even if you dont plan to buy a house in the short term, interest is actually not too bad

>> No.16235335

Buy HOT

>> No.16235772

>>16234128
Talk to a financial advisor dumbass

>> No.16235789

>>16234128
put it into a Roth Ira and invest in dividend growth stocks. look up "Dividend growth investing". it's easy and most dividend aristocrats are fairly recession proof.

>> No.16236141

Y’all in BSV

>> No.16236188

>>16234173
Pajeets never quit

>> No.16237080

>>16234128

deluxe kneepads

>> No.16237089
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16237089

>>16234128
link it bro!

420.69

>> No.16237097

>>16234128
if you've not bought a house yet: 100% help to buy

if you have, just throw it in btc or eth -dont risk shitcoins until you have spare