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What you decide to invest in is entirely up to you, and what’s right for you will be different for each person. What you need is a goal for your money and a definite action plan so you know where and how to invest to hit your target.
Personally, I like a simple Stocks and Shares ISA for most of my investing. £20k a year is a decent chunk to be saving, the rest of my money I tend to put into property.
I will probably / possibly start using part of my allocation for a LISA to save for my retirement. I don’t qualify as a first-time buyer, but £4k a year I can save confident in the knowledge I can leave it untouched for a few decades.
I already have an emergency fund of cash saved up, so I’m not arsed about having a cash ISA, and I’ve been burnt by Peer to Peer lending before, so I’m a bit biased against them nowadays. Probably unnecessarily, but whatever.
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