How to help DS21 invest

[TheGander]

DS21 is at university but lives at home and usually has a job on the go. He’s interested in investing and has opened a savings account with Santander, but I think he could do better than that! . I have a couple of funds with Vanguard, should I just advise him to do that too eg in a well geographically spread fund which doesn’t have too much emphasis on U.K. shares? The global all cap fund gets a lot of mentions on mumsnet. Or should he consider something else? He’s studying a humanities course and doesn’t look set to be a high earner. Thanks for any advice.

It's a bit like teaching people to fish, so I suggest your DS start by subscribing to Moneysavingexpert and reading THIS
The website also gives the best current savings accounts depending on what is the saver's priority.

I would suggest using a SIPP or ISA for investments in stocks and shares. For someone interested in investing, I recommend watching Bloomberg tv for insights and daily updates on global markets. I started investing in stocks & shares at age 23 after becoming interested while doing A Level Economics.

Re an answer to your specific question, all my investments are now with an IFA, and at my medium risk level, I am 20% in the UK, 23% in the US, 22% Fixed interest (UK & abroad).
OP, have you seen website

What about a LISA?
The govt add 25% of what you invest but has to be used for a down payment on a house or towards a pension.

Thank you for these replies. @ThePoshUns i had thought of a LISA but there has been some adverse publicity lately with people unable to afford a property within the price limit set by the LISA, and unable to access their money until retirement. Thank you so much @logicisall i have forwarded DS the moneysavingsexpert link. I’ll have a look around Meaningful Money for a relevant episode for him- I’m a regular listener. I’ll also be reading the Vanguard article.

If he gets the Money Box app on his phone that's a really easy way to invest and he can see his allocations really easily. They can pre build packages for you based on your risk tolerance or you can choose. They do round ups from your bank account which is nice and you can invest as little at a time as you like.

He probably needs a mix of long and short term investments.
He could get 5% on easy access savings at the moment and more on monthly savers. Vanguard for longer term.
I have DC of 28 and 26. They have had Vanguard funds since they were 18.
DS2 doesn't add much to it as he's about to buy a house but DS1 bought a small property at 24 and uses Vanguard for long term investment.