Stocks ISA
Hello everyone,
I opened my first Stocks & Shares ISA today (go me), and I’m slowly educating myself to become more financially literate.
I’m 24 and have been fortunate enough to save a decent amount of money. Rather than letting it sit in a savings account, I’d like to start investing and build wealth for the long term.
I was hoping to get some guidance on which ETFs would be most suitable for someone in my position.
After debating between the S&P 500 and the FTSE 100, and doing a bit more research, I think I’m most comfortable investing in a global all-world fund.
However, I also see a lot of people recommending allocations to gold, Nasdaq, clean energy, emerging markets, and developed markets. It’s quite easy to feel overwhelmed by all the different options, so I’d really appreciate any advice or recommendations.
My plan is to invest around £200 per month, and I’m also likely to invest an initial lump sum of £1,000–£2,000 fairly soon.
Does this sound like a sensible approach? Are there any ETFs or strategies you’d recommend for someone just starting out?
The Disney stock was free haha so do ignore that.
Thanks in advance!