u/compoundinvestor211

I'm Currently 22 years old and am Investing £700 peer month into S&P 500. I've been investing for the last 2 years and I increase my monthly amount each time I increase my personal takings from my business. I also invest lump sum dividends in.

I'm looking at this as a safety net and/or a nice pot of money to help family and friends one day. My question is, given I probably won't touch the money for 30+ years, should I stay in S&P or move to all world?

Hi everyone,

So I'm probably starting later in life (early 30's) but trying to get educated on this.

I've come here following a conversation with my folks - who in passing mentioned they have a financial advisor who is managing a stocks and shares ISA.

They pointed out that given I have a decent house deposit, and a car deposit - and I'm just trying to up my salary and pass my driving test before I buy a property, I should look at getting some money invested as an additional to a pension, or look at dividends.

I have no clue about investing - I assumed proper investing was for well educated LSE people and people hiring them to make them more money on extra cash I can only dream of.

A few days of googling and it's clear there's a lot of gimmiky stuff, but also a lot of people who are 'normal' do this.

The advisor my folks use is regulated and accredited and I am scheduling a meeting with them, but I don't want to go in blind with no foundational knowledge - I'd like to understand what he talks about, and potentially set an agenda and objectives.

Is there a book, webpage or PDF I can access which is useful for getting and understanding of investing, and how to use it. So far all I understand is open a stocks and shares ISA, invest in the FTSE100 and / or SNP 500 to reduce risk.

However, as someone tied to an average wage, it'd be nice to use this period of time when I have minimal overheads to look into gaining something that pays out dividends so later in life, so I don't have just the one source of income. But I don't know if this is pie in the sky thinking.

If anyone can direct me to reliable resources that'd be great - or please correct me if I am way off the mark.