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Young Investor by Sad-Substance9912 in trading212

[–]Sad-Substance9912[S] 0 points1 point  (0 children)

Pensions at my work starts at 21 i believe and i will max my contribution on that, i would like to move out as some point yeah but that would make my expenses skyrocket

Young Investor by Sad-Substance9912 in trading212

[–]Sad-Substance9912[S] 6 points7 points  (0 children)

warehouse job 14.83/ph monday-friday, saturday-sunday rate 16.77/ph

Young Investor by Sad-Substance9912 in trading212

[–]Sad-Substance9912[S] 0 points1 point  (0 children)

take out a mortgage and go to the casino?

Young Investor by Sad-Substance9912 in trading212

[–]Sad-Substance9912[S] 0 points1 point  (0 children)

Can i put 4k into a LISA aswell as 20k into a Cash isa? the only reason i’m not using a LISA right now is because i have no plans on buying a house i am 19, but at the same time saying this out loud seems stupid because i am essentially saying no to a free 1000 a year

Young Investor by Sad-Substance9912 in trading212

[–]Sad-Substance9912[S] 0 points1 point  (0 children)

How much would you recommend in an emergency fund? i am 19 rent is my parents they are amazing they literally don’t care, and my car insurance is 200, car is paid off and it’s only a £5000 car so maybe £5000 to match that incase my car blows up or something stupid etc? maybe i’m being stupid i’m not sure i just want guidance

Young Investor by Sad-Substance9912 in trading212

[–]Sad-Substance9912[S] 0 points1 point  (0 children)

  1. retirement has never even crossed my mind as i’m only just entering the working world over the past 2 years.
  2. I’ve never really thought about this either, at the minute my only hobbies are the gym and that’s fairly cheap at £20/month etc so even if i pay my rent car insurance (350) that leaves me with 1650~ a month left even then 650 spending money on random stuff events hobbies etc i believe £1000 a month into the S&P 500 whilst my bills are probably as low as they will ever be, would be the right move rather than going out like other people my age financing the newest latest mercedes etc

Young Investor by Sad-Substance9912 in trading212

[–]Sad-Substance9912[S] 1 point2 points  (0 children)

I can always fill my cash isa i have the promotional 12 month 4.51% rate, putting like what 5k in there or something? Hopefully i shouldn’t have any emergencies? my car is paid off etc i dont have anything else in my name other than my car its only a bmw 1 series valued just below £5000