Not sure if this is the best place to post for this but oh well. I’m a UK student with around £50,000 in the bank- what’s the best thing to do with it?
So just a little bit of background.
I’m a 19yr old computer science student at a decent UK university currently predicted a 1:1 when I graduate. Sadly by the time I was 15 both my parents had passed away. A year or so later one of my grandmothers died leaving an inheritance that would have gone to my parents but due to their deaths £50,000 has gone straight to me. Whilst the circumstances regarding how I came about this money are very unfortunate I do appreciate how incredibly fortunate I am to have this money so I want to make sure I make the most of it.
So the current situation. At the moment I have £4K in a LISA which got a government bonus of £1K. I’ve put £16K in a 2 year savings ISA that I think is accruing roughly 2%-3% interest a year. Then the remaining 30K I have in a stocks and shares ISA which is getting managed by a financial advisor. I have no reliance on this money whatsoever- I live pretty frugally so get by comfortably on just my student loan.
Is what I’m doing at the moment the best course of action or could I find better uses for this money elsewhere? I’ve been tempted to put some of the money towards extra training in computer science beyond my degree to give me a leg up in the competitive job industry.
Any suggestions would be hugely appreciated!