I have around 25k (from a relative passing away) that I have a few options to do with.
The first is I leave it with a family member who will guarantee an 8% YoY return until I need the money.
The second is I put 20k of it in a Vanguard FTSE Global S&S ISA. The rest remains with 8% YoY.
The third is I put half, 12.5k in the Vanguard FTSE Global S&S ISA and half remains with 8% YoY. If the Vanguard does better, the interest on the other 12.5% will match.
I don't know much about S&S ISA's so I suppose my question is, over a 5y or 10y period, could a S&S ISA do better than 8% YoY?
Right now, I believe I will use the money to support buying my first flat, which would be on a 5y time period - however this is not confirmed. I am early 20s, and hear that the earlier I start with S&S ISA the better, but I won't be able to add my own savings to this amount for another few years.
The first is I leave it with a family member who will guarantee an 8% YoY return until I need the money.
The second is I put 20k of it in a Vanguard FTSE Global S&S ISA. The rest remains with 8% YoY.
The third is I put half, 12.5k in the Vanguard FTSE Global S&S ISA and half remains with 8% YoY. If the Vanguard does better, the interest on the other 12.5% will match.
I don't know much about S&S ISA's so I suppose my question is, over a 5y or 10y period, could a S&S ISA do better than 8% YoY?
Right now, I believe I will use the money to support buying my first flat, which would be on a 5y time period - however this is not confirmed. I am early 20s, and hear that the earlier I start with S&S ISA the better, but I won't be able to add my own savings to this amount for another few years.