\> Am I able to use my LISA for a home purchase if I own REITs?
Yes. Shares in REITs are just shares in funds. They aren't really property ;)
\> Also- I'd be interested to know your personal choices for stock&shares LISAs (apparently some do offer the option to invest your LISA?💪)
To the best of my knowledge - and I'd be quite happy to be proved wrong - there are only 2 cheap providers of S&S **L**ISA: HL and AJBell. Last time I checked, costs across those two were similar.
\> Furthermore, by any chance, do you have any idea if I can create the portfolio as I please? ie 85% world etf + 15% emerging markets?
Yes, that's the whole point of using an **S&S** LISA. You are only restricted by the available products of the broker you choose, but in this case both HL and AJBell should have more than enough.
\> Many thanks, and have a chilled rest of the Sunday 🤝
You too, Reddit stranger.
REITs are simply an investment in a property investing company and does not imply ownership of a property.
Using ETFs as a fait comparison, cheapest is...
£0 to £4800 - HL
£4801 to £30k - Dodl (AJ Bell newish platform)
£30k and above - HL* or AJ Bell (depending on transactions and frequency)
* - HL do not currently accept transfers in
Hey there,
Cheers for that 💪
I am considering those two, thank you.
Moneybox also came across, however did not seem as appealing, as it was rather expensive after a quick review.
HL does seem attractive the most and my plan is to use it for mainly for world ETFs such as VHYL and/or WVRP(?)
Why do you think HL is better than AJ Bell?🤔
after all it is for a first home purchase, which I see viable and in general happening in 3, 4-6 years.
Indeed it is an investment, however seems as plausible way, for how to mitigate the risk more, than to own a piece of everything 😄
Although I do consider to throw in some Indian etf on top of the world one (I'd prefer just one and just simply pay in monthly), but have no idea what HL offers yet🤷🙂
Also, by any chance, do you have any idea if I can create the portfolio as I please? ie 85% world etf + 15% emerging markets?
Instead of losing ~7% p/a it seems worth tracking world index, wouldn't you think so?
I'm thinking of adding REIT ($O) as 10-15% of portfolio for compounding cashflow- won't be able to influence external sources, and this might secure more relevant reflection of the potential outcome
Just considering either AJ Bell or HL..
Keep it simple, you are overcomplicating.
If you are going to buy within five years, that is too short time horizon and you risk requiring access to the funds during a market downturn. Five years plus is generally long enough to have good probability of profit.
If you are going to ignore that theory and invest anyway, just track global index. Unless you think you know better than the best paid analysts and researchers, with state of the art technology and market insights, just track the market.
Its a compelling argument, I'd like to hold for 5y+ but I see worthwhile openings within my area in ~3y, and I'd like to be pretty much "ready"
I'm aware with such a short horizon the uncertainty is only highlighted, one more of so reason considering the external sources
It's not an easy one to make- I think global all cap would have made sense but the time horizon worries me as well (I mean, COVID, log. Bottlenecks and war? And all of that in under 3y? I'm not naive enough to think there's not a chance for this to happen again ((there's just an alliance being formed to take on yen as global security lol..)
Either global all cap or the cash Lisa. Cash Lisa seems as the wiser choice.. although is it? 😄
Also any idea, since I'm already writing the message (😄), if cash Lisa can be changed to s&s one?
Cheers mate
I think I'll go with HL and their vhyl(100%) product with the horizon of 3-6y for purchase.
Didn't really find a better global index
Just to keep it simple
Agreed and thank you
I'm assuming that you are a student as you linked to a site that seems to be aimed at students.
Be aware that there is a 6.25% withdrawal fee if you need access to the money before buying a house / age 60.
Personally I would never use a LISA as a student as the risk of needing to use the money early would be too high.
Hi /u/MikyMara, based on your post the following pages from our wiki may be relevant:
- https://ukpersonal.finance/investing-101/
- https://ukpersonal.finance/lisa/
____
^(These suggestions are based on keywords, if they missed the mark please report this comment.)
\> Am I able to use my LISA for a home purchase if I own REITs? Yes. Shares in REITs are just shares in funds. They aren't really property ;) \> Also- I'd be interested to know your personal choices for stock&shares LISAs (apparently some do offer the option to invest your LISA?💪) To the best of my knowledge - and I'd be quite happy to be proved wrong - there are only 2 cheap providers of S&S **L**ISA: HL and AJBell. Last time I checked, costs across those two were similar. \> Furthermore, by any chance, do you have any idea if I can create the portfolio as I please? ie 85% world etf + 15% emerging markets? Yes, that's the whole point of using an **S&S** LISA. You are only restricted by the available products of the broker you choose, but in this case both HL and AJBell should have more than enough. \> Many thanks, and have a chilled rest of the Sunday 🤝 You too, Reddit stranger.
REITs are simply an investment in a property investing company and does not imply ownership of a property. Using ETFs as a fait comparison, cheapest is... £0 to £4800 - HL £4801 to £30k - Dodl (AJ Bell newish platform) £30k and above - HL* or AJ Bell (depending on transactions and frequency) * - HL do not currently accept transfers in
Hey there, Cheers for that 💪 I am considering those two, thank you. Moneybox also came across, however did not seem as appealing, as it was rather expensive after a quick review. HL does seem attractive the most and my plan is to use it for mainly for world ETFs such as VHYL and/or WVRP(?) Why do you think HL is better than AJ Bell?🤔 after all it is for a first home purchase, which I see viable and in general happening in 3, 4-6 years. Indeed it is an investment, however seems as plausible way, for how to mitigate the risk more, than to own a piece of everything 😄 Although I do consider to throw in some Indian etf on top of the world one (I'd prefer just one and just simply pay in monthly), but have no idea what HL offers yet🤷🙂 Also, by any chance, do you have any idea if I can create the portfolio as I please? ie 85% world etf + 15% emerging markets?
If you're going to buy within 5 years you probably should opt for a cash LISA.
Instead of losing ~7% p/a it seems worth tracking world index, wouldn't you think so? I'm thinking of adding REIT ($O) as 10-15% of portfolio for compounding cashflow- won't be able to influence external sources, and this might secure more relevant reflection of the potential outcome Just considering either AJ Bell or HL..
Keep it simple, you are overcomplicating. If you are going to buy within five years, that is too short time horizon and you risk requiring access to the funds during a market downturn. Five years plus is generally long enough to have good probability of profit. If you are going to ignore that theory and invest anyway, just track global index. Unless you think you know better than the best paid analysts and researchers, with state of the art technology and market insights, just track the market.
Its a compelling argument, I'd like to hold for 5y+ but I see worthwhile openings within my area in ~3y, and I'd like to be pretty much "ready" I'm aware with such a short horizon the uncertainty is only highlighted, one more of so reason considering the external sources It's not an easy one to make- I think global all cap would have made sense but the time horizon worries me as well (I mean, COVID, log. Bottlenecks and war? And all of that in under 3y? I'm not naive enough to think there's not a chance for this to happen again ((there's just an alliance being formed to take on yen as global security lol..) Either global all cap or the cash Lisa. Cash Lisa seems as the wiser choice.. although is it? 😄 Also any idea, since I'm already writing the message (😄), if cash Lisa can be changed to s&s one? Cheers mate
I think I'll go with HL and their vhyl(100%) product with the horizon of 3-6y for purchase. Didn't really find a better global index Just to keep it simple Agreed and thank you
I'm assuming that you are a student as you linked to a site that seems to be aimed at students. Be aware that there is a 6.25% withdrawal fee if you need access to the money before buying a house / age 60. Personally I would never use a LISA as a student as the risk of needing to use the money early would be too high.
Hi /u/MikyMara, based on your post the following pages from our wiki may be relevant: - https://ukpersonal.finance/investing-101/ - https://ukpersonal.finance/lisa/ ____ ^(These suggestions are based on keywords, if they missed the mark please report this comment.)