Orlas Finance
Registered User
- Messages
- 9
Hello! first thanks anyone for reading and helping I really appreciate it.
I am 19 yrs old and have 8K saved and want to invest the majority as I have a part-time job and live at home (college is online) so not worried about having an emergency fund and I have a car with no debt. I would also want to add about 6-9k to my portfolio for the next 3 years so I would be investing monthly also. Currently, I have zero investments.
My question is where should I put the money?
- Initially, I was thinking of using trading 212 and buying vanguard mutual funds and s&p 500 but there's a new 0.7% fee on credit/debit card deposits so it's no longer 'free'. Also, it is UK based so I'm confused about the tax on gains, etc. I plan to leave the funds for a minimum of 7 years before withdrawing to buy a house.
- I also liked the Zurich Prisma 4 fund but it has a high fee (1.5%ish) but if the tax makes more sense maybe its better?
So basically from my research, I thought vanguard was the way to go, any suggestions on where to buy this, and what taxes I would have to pay?
Also, my reason against setting up a pension is I obviously need the funds in the next decade but Id be open to opening a pension and maybe putting in 50 euro a month if it made sense tax-wise.
Thanks guys!
I am 19 yrs old and have 8K saved and want to invest the majority as I have a part-time job and live at home (college is online) so not worried about having an emergency fund and I have a car with no debt. I would also want to add about 6-9k to my portfolio for the next 3 years so I would be investing monthly also. Currently, I have zero investments.
My question is where should I put the money?
- Initially, I was thinking of using trading 212 and buying vanguard mutual funds and s&p 500 but there's a new 0.7% fee on credit/debit card deposits so it's no longer 'free'. Also, it is UK based so I'm confused about the tax on gains, etc. I plan to leave the funds for a minimum of 7 years before withdrawing to buy a house.
- I also liked the Zurich Prisma 4 fund but it has a high fee (1.5%ish) but if the tax makes more sense maybe its better?
So basically from my research, I thought vanguard was the way to go, any suggestions on where to buy this, and what taxes I would have to pay?
Also, my reason against setting up a pension is I obviously need the funds in the next decade but Id be open to opening a pension and maybe putting in 50 euro a month if it made sense tax-wise.
Thanks guys!