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    • Home • Advice • Common questions

    I am looking to put around £5,000 of my savings into an investment account

    06 February 2023

    Question by Charlie

    Hi, I am a 16 year old looking to put around £5,000 of my savings into an investment account for a long term investment. I am just wondering what would be the best way to go about this?

    Answered by

    Hi Charlie

    It's great to hear that you're taking interest in long term investment at your age. Boring Money published an article a couple of years ago here https://www.boringmoney.co.uk/learn/articles/how-to-invest-as-a-teenager/

    Apart from the Junior ISA allowance increasing to £9,000 pa, everything in the article still stands in 2023 and is a good place to start.

    Regards
    Rachel

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    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
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    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.