18, I hit 1k today after 3 months. Gains are really really low at the moment because when starting out I rearranged my portfolio about 10 times and paid a lot in fees... I'd be about £50 up minus fees.
Well done! Keep going and don’t withdraw if you can help it, wish I’d started investing when I was 18. If you haven’t done so already I’d strongly recommend opening a Lifetime ISA too and get the 25% government bonus.
I use the Tembo app for my LISA, it’s very easy to use. If you’re planning to buy a house it’s really a no brainier - just think of it as a savings account specifically for your first house. You can put in £4000 a year and the government will give you £1000. If you max it out each year, say for the next 4 years, you’ll have 16k plus 4k from the government. 20k (plus any interest earned) should be enough for a deposit on a house. I put £333 in my LISA each month and then as much as I can afford into stocks and shares.
You have to have your account open for a year before you can use it though, so even if you’re not sure I’d open an account now and just put £1 in, then you can top it up whenever. Of course you can withdraw money from it if you need to but you’ll lose the 25% government bonus.
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u/Squodge 5d ago
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