£55k to invest

[aDayattheLido]

I'm thinking £20k each (DH and me) into S&S ISAs but which ones?

DS is 18 in Dec and I'd like to open a LISA for him and put £4k pa in for him each year he's at university. Which LISA?

Depends what else you have invested and where.

Assuming you've got emergency fund and 6 months living expenses as cash and aren't going to need this money for at least 5 maybe 10 years then the standard boring answer is a low cosy tracker of worldwide funds.

Check out the ever popular vanguard life strategy.

Hargreaves Lansdown and AJ Bell are two easy platforms to use with relatively good fees for the smaller investors.

I have a SIPP, ISA, JISA and Junior SIPP with AJ Bell and they're great. There's a couple of global stocks that they don't have markets for, but few and far between unless you're trading obscure/unknown stocks.

Thanks for replies.
I have 6 months expenses plus emergency fund. No mortgage but no other savings other than pension.
Is now a good time to purchase S&S ISAs?

God I'm so clueless - it's embarrassing 😳

You don't purchase S&S ISAs per se. It's an account that you open that you buy and place shares, funds. Investment trusts, ETFs and bonds in.

in terms of timing. Large parts of the market (tech) have had quite a significant corrections since early this year. Some have never recovered from covid (travel for instance). Overall everything is doing pretty poor.

But when everyone is selling, that's when those with free cash flow tend to mop up, as sure as night and day, things will return. Notwithstanding a few casualties, which is why diverse portfolios or funds reduce the risk (most of the time) of specific collapses.

The next 12 months is going to be further tumultuous and likely to see deeper declines. We're likely not quite at bottom yet. But, timing the market is notoriously difficult. So a common strategy is to split your purchases into smaller chunks, say over 12 months. And invest a 12th each month. That reduces your risk over the 12 months of any significant drops. But it does also minimise your potential upside if things pick up much quicker than expected.

Tough isn't it 😁. Honestly though. If you're thinking long term, like 5-10 years. I really don't think you can go wrong right now.