Whenever I come across advertisements for ISA’s or pensions I’ll be honest and tend to switch off. The thing is I’m
32 29 years old why do I need to worry about putting money into a pension that I won’t be able to access for the next 30 or so years. The same goes with ISA’s whilst Mr Boo and I pop a regular amount of money away each month into a savings account we don’t want to tie it up in a fund that we aren’t able to access straight away. There is always an emergency or two throughout the year where we need to access the funding as soon as possible – last year it was when our car was written off or our boiler was too old to be repaired and needed replacing.
After having one of the those what does the future hope discussions at work with some of my colleagues I was surprised to hear that almost all of them have a pension and just over half of them had an ISA – I suddenly realised that I need to be more grown up with my money.
When I think of investments I worry that they are a risky venture and that there is a huge chance that I will end up with nothing at the end of it all. Nutmeg however run 10 different investment portfolios that range from cautious to aggressive so I’m hopeful that they would have the right investment for me. Also it seems that they understand that sometimes you need to access your money sooner rather than later…
Investing is a long-term proposition, but with Nutmeg, you can withdraw whenever you like and there’s no minimum investment period.
Instead of letting my money sit in a saving account not doing much at all, I think it is time that I become more grown up with my money and started looking at investing in an ISA.
For more information on the Nutmeg service take a look at this video:
Disclosure: This post is brought to you in collaboration with Nutmeg