LISA’s profile – Attractive, seeking short or long term partner (with benefits), preferably aged 18-40, looking to settle down and buy a house with, and/or eventually retire with the right person.
Yes, LISA was a swipe right for FU#1, but Mrs Fu isn’t getting her wedding hat out yet.
Of course, we’re not talking about our son FU#1’s love life, but his investment in his Lifetime ISA.
LISAs are like marmite. Some people like them and some people hate them. Personally, I think they’re fantastic, and Fu#1 has invested the maximum £4000 into one over the last year.
He makes monthly investments of £333.33 into the LISA automatically, after his wage is paid into the bank each month. The contributions are split equally and invested into Vanguard Lifestrategy 100% Equity and Vanguard US Equity Index.
So how has LISA performed? Did she live up to her Profile?
Creepy analogy aside, it is now worth £7321, including the tax bonus.
The yearly performance based on the initial net contribution of £4000 is 86%.
Yes, LISA was definitely a swipe right for Fu#1 and there may be a future in this relationship.
Mrs Fu, don’t get jealous, I’m too old for her.