Managing Risk As A First Time Investor - 26K S&S LISA - 5? Year Timeline
Hello, I (31F) recently transferred to an S&S LISA with AJ Bell. I have about £26,400 in there. How should I best manage the risk of what is potentially a 5 year window? Originally I thought of putting it all in the HSBC FTSE All World Index, but with 60% reliance on the USA - one country - I'm thinking £10K in there.
I have a fairly high risk tolerance, but since I'm new I feel I should probably diversify the rest amongst lower risk options perhaps? Any recommendations for what kind of investments to put the rest in? I'm thinking of a 3 way portfolio split of high risk, medium risk, low risk.
Extra info:
Currently on a level 3 engineering apprenticeship (£24K/yr after tax) that ends Oct 2029, and won't need to move out until achieving my career goal of working in ride maintenance at the Universal Studios Bedford theme park, due to open in 2031 unless it's delayed. (It's a UK project after all). Therefore 5 years isn't set in stone. Living with parents very cheaply.