Investing: UK based couple, post-tax monthly income £5.5k, 8month emergency pot set, no debt, £10k in other savings, no children or plan to have, early 30s. We set aside £2-£2.5k per month for house deposit and plan to buy a house in the next 3 years. Should we look at investing small amounts per month (£300) or save everything for a house? If we are to invest, then in what? Neither of us have any experience with that. Share your knowledge 🐠

like
Posting as :
works at
You are currently posting as works at

As A1 said, max your ISA each year. Probably invest in ETFs, if you don’t want to choose ETFs you have providers such as nutmeg who can buy a diversified portfolio of ETFs based on your risk tolerance and appetite for low fees.

Lifetime ISA is good to buy property ... but is only for properties worth less than 450k, which in London is not much.

Btw, there is a Londoners in Consulting bowl if wanna join

helpful

Re-reading your needs, I d advise:
-Invest all (the 2.5k) you can in ISA as early as you can.
-if you have savings do that now as tax year ends at end of March and then you get a new 20k allowance per person
-Since you have no experience, use a robot advisor (I use nutmeg but there are a few others) that will get you a diversified ETF portfolio for low fees
-Use a lower-mid risk profile as your investment horizon is short and you have no experience (so you are likely risk averse, if not you can go up a notch on risk) but you have two steady sources of good income and you are young (so with a lot of what is called human capital). I would advise a risk of 2/5 (5 being the most risky).

likehelpful

Thanks FTI1. Also, aware of the Londoners bowl and no, house outside of London, £350k-£400k value max. I am a simple person.

Invest in your ISA -$20k annual limit with no penalty withdrawals for each of you.

If you invest in the lifetime ISA (intended for people saving to buy a house, $4k annual limit) the govt gives you an additional $1k on up of that to go towards your house. If you both invest $4k each every year, you get a $2k kicker and then invest the rest into a cash or stock ISA to hit the $20k limit.

like

Related Posts

I’m seeing the idea of taxing corporations on GAAP income get thrown around. My initial reaction is that it’s a bad idea but I’m far from an expert, especially with taxation. What does everyone here think?

like

Deloitte fish: I’m an alum trying to do some retirement planning. I was an SM2 vested in the pension plan (I worked in DTTL for 7 years ending 2013) and want to find out what my actual benefits will be and at what age. I have no paperwork and 800-Deloitte does not seem to have a way to route me to the right people. Does anyone have a human contact or procedure that can help me get this info?

like

So student loans aren’t being forgiven this year…right? I think it’s time I open the flood gates and dump all I’ve been saving towards my loans. Or should I leave 10k in hopes of forgiveness later on?

likefunny

Is anyone holding didi shares? I’m trying to figure out what happens. If they delist, then list in HK, are shares converted? If I want to sell, how would that work? Do I need to open a HK bank account? Are there unique tax implications? Etc etc.

like

** Very Important **

Tax declaration last date is on 15th May 2022.

I would like to know do I have to submit the investment documents now ? Or later in the month of March 2023 ?

Please let me know. Thanks.

like

Hello I just started my first job (I’m 22) and I need to set up a 401k for matching with my company. I’m really confused how this works because I want to try to hit the IRS maximum of $19,500 for Roth contributions this year. Maybe it’s too late in the year now, but it’s asking me to pick my desired contribution % per pay period, but I’m not sure how much to do because it says it’ll kick in 1-2 pay cycles and I don’t even know when the next pay check comes yet. Any tips would be great

like

How does pwc’s wealth builder plan work ?

like

Can anyone suggest if I can make a rental contract with my parents on a 1rupee stamp duty letter for below 1 lakh? If so, can I directly submit that to income tax department while filing the return for claiming refund or should I be disclosing in Deloitte Portal for last FY 2022. Also, I assume 11 months contract doesn't require to be registered with the govt? Please correct me if this is incorrect. Appreciate your suggestions on the above for tax benefit purpose..!!

like

At KPMG, do they ask for rent agreement proof while taking 1L tax exemption?? KPMG

like

I want to buy a new home and then sell my current home after we are moved out. Current home is a VA loan, is there any way to buy the second house on a VA loan?

like

I've got a YouTube channel about all things crypto and trading. It is primarily an educational channel, rather than one that is specific to investing.

Please post video requests here. (Continued)


like

What other avenues are you using to increase income?

like

I finally decided to invest in cryptocurrency but not sure how and where to start. I am looking to invest from a long term perspective (5-10 years).

Are there any low risk steady increase options or is the whole crypto currency a high risk game?

like

Are we on recession? My portfolio is super down - low cost ETF investor here

like

Investing in share market

Invested 5 lkh
Loss 39k

What % do you save vs invest? I'm early 30s with a couple of kids making $200K + . About $75K in savings and another couple thousand invested. No property though. Just wondering what next?

like

Whats the best financial institution to keep/create an account for investment purpose even if I leave US and manage from outside? It seems there are many restriction that I can’t contribute from outside US? And what’s the best way to have personal retirement account managing from outside US? Im in the US now but not sure how long I will be here.

The lease on our existing bmw 430i ends in August. Looking to buy model 3.
1. When should we place the order?
2. What’s the best place for financing?
3. How much should we put down initially?

I have 10k extra to invest. How should I grow it? Any growth stocks to recommend?

likehelpful

Thoughts on Employee Stock Purchase Plans with a 10% discount? Is it worth it given the lock up period and market volatility?

like

More Posts

Why? On any social network for that matter🙄🙄🙄

Post Photo
funnylike

Does anyone here work in-house? Or as an outside GC to a company?

like

How can we do better to remember this?

Post Photo
likehelpful

Lately I’ve been seriously considering making the transition to product marketing. Current PMMs please weigh in — on average, how many hours do you actively work in a day?

like

15 years experience, $10m revenue P&L responsibility. $250k plus 10% profit share.

Fair?

like

Openings for Graphic Designer with 5+ yrs of experience.

DM for referral or Suggest your friends as well.

DM for Company name & Other details 🤝

like

Watching CSI type shows was more fun before I knew the limitations of the technology, it seemed like magic to me

like

India's 100 unicorn companies.

Post Photo
likehelpful

Everyone in my firm try so hard to be politically correct😍feel so included.

Guys, what's with the TopHire platform. Is it good?

like

Interested plz DM with job codes to apply

Post Photo

How much sleep are you guys getting during the week and what are some morning / night routines that have helped you be more rested?

I’m on an estrogen patch and I feel like it’s making me really sad. Has this happened to anyone else?

like

No insurance for Mother in Law and Father in law in Wells Fargo 😭😭😭big blow to us as my mother in law frequently gets ill due to kidney transplant and my spouse's policy is not enough to cope up with the huge medical bills in corporate hospitals

like

How many job titles and hashtags is too many?

Post Photo
funnylike

Starting a new job on Monday. Last time I did this I was a nervous junior with zero clue. Any tips on what I should be doing besides basic onboarding? 1:1s with the CCO? Seeing materials for the brands I’ll be working on? Anything else?

like

Does having AWS Certification help H1B case?

Guys,

Please help me with any vital contacts that should be kept with me before my last working day in Capgemini.

I took my payslips
Form16
Salary revision letters

Anything I am missing?
How to connect with Capgemini after last working day for any queries or clarifications?

Please advise. Thanks in advance

like

Does anyone know the salary of pricing analyst at American Express in Toronto Canada?
Interested if the range I plan to provide makes sense. I think it should be higher than 95k but I could be wrong.

Asking for a friend:
My friend received two job offers for Account Executive roles: a Mid-Market role with Confluent and an Enterprise role with ThoughtSpot. He’s conflicted because Confluent is a more established company, ThoughtSpot is Pre-IPO. Confluent is a lucrative product to sell and has established SDR reps so there’s a good blend of inbound and outbound sales. Thoughtspot is more of a startup culture where most of the sales comes from outbound and it’s a tougher sell.

like

Additional Posts in Consulting

How often are you full time on a semi traveling project, and your pml pulls you into his side projects without any billable hours 😑 so dang unethical! side stuff is in addition to your 100% project

like
like

Anyone live at home right after college (while consulting)? Curious as to reasons why/if you feel it was a good idea

like

Any entrepreneurs out there that feel like there’s a million things no one told you before starting your company? (Good&Bad) 5 years in myself and nearly could write a book with my list of sh*t no one told me… curious to know what’s on your list???

like

I'm interviewing with Grant Thornton Public Sector next week for a Senior Business Analyst role in the Risk Services Practice. Any insights or advice regarding the interview process? Currently an analyst on a software implementation project for a large federal agency.

like

Any good business/consulting books on amazon kindle that y’all have read that has helped you in your job?

like

Can anyone from Deloitte/ ex-Deloitte help with a salary range for Senior UX Designer?

like

on a 5 hour red eye home after 7 hours at SLC! 🙏🏽 Fuck you Delta

like

FAANG ranking: Google, Netflix, Facebook, Apple, Amazon. Is this correct?

like

Is it bad to be the first candidate that the hiring manager interviews? Was told I might not hear back for a while bc they have to still review the other candidates? One replied to my thank you note saying “we will be in touch!”

like

Can partners comment whether Pwc is having another round of layoffs. This is so scary! Shouldn't they rid of partners who can't sell first?! Or pause hiring? Opp. cost to find and train talent again?

like

Is there a hard limit on how frequent you can apply in a year at FAANG? (For instance: Amazon, Google)

Also, how many positions are we allowed to apply?
There are just many positions at different teams right.

like

Someone reached out to me on LinkedIn about becoming an author on the side. Has anyone heard about such a thing?!? The person said she’s worked with 800 consultants writing their books and marketing it for them.

like

Team - what is the leading practice for a remote work plan with team / client?

like

Hi, could anyone please like my post so I can DM people? Thank you in advance!

like

Planning a trip to do some hiking in Utah. Planning to fly to vegas then go to Zion. Any recommendations on specifics to go to (e.g., trails, specific areas) and any tips / things to plan? Relatively novice hikers here

like

There is very little that makes me cringe as much as hearing the word “networking”. Why do we still label events with this word? I would be much more likely to show up to virtual happy hours or virtual game nights than a virtual networking event.

like

Beside toastmasters, what are other ways to improve communication and public speaking skills? Books, podcasts...?

like

What do you think it takes for a PPD to get a utilization bearing WBS for proposal work? I know it is rare...

like

For people in consulting - do you often read books about project management and motivation? Would appreciate your recommendations (preferably the ones with more than one thought for the whole brick of text 🤨).

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal