The UK’s Lifetime ISA system is causing people to lose money, say MPs
The UK’s Lifetime ISA system is causing people to lose money, say MPs
Posted by Consistent_Cold9822
The UK’s Lifetime ISA system is causing people to lose money, say MPs
The UK’s Lifetime ISA system is causing people to lose money, say MPs
Posted by Consistent_Cold9822
3 comments
>Cash LISAs may suit those saving for a first home, but may not achieve the best outcome for those using it as a retirement savings product, as they are unable to invest in higher-risk but potentially higher-return products such as bonds and equities.
They want people doing high risk stuff but then limit how much i can put in a fixed odds machine. Make it make sense.
Of course it is.
A dual purpose like this is just stupid even with a basic understanding of investing safely. My financial planner uses a completely different profile when investing money I might need to be liquid over different timespans. Money I might need within the next few years should absolutely be in a safer profile than money I don’t need for another 40.
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