YouTube short by Ndubuisi 'Andy' Egwim advising Lifetime ISA holders not to abandon their LISA after buying a first home; main point: keep investing (preferably stocks & shares rather than cash) to avoid inflation eroding value and still receive the £1,000 government bonus annually. The speaker uses his own LISA allocation (stocks-and-shares) as an example.
The big mistake many people are doing is after they buy their first house, they don't realize they can still use the Lifetime ISA to invest towards retirement and also get that extra £1,000 from the government. So they stop the second big mistake. That will be what this session for you, if you already have a lifetime isa, is that a lot of people leave their lifetime. I sign cash. But if you bought your first house and you're now looking at retirement and you're only 40 or 41 or 38 or whatever age you are, and if you are looking another 20 years, leave your money lying around in cash, then inflation basically just sort of like messes you up, isn't it? Your money is not growing faster than inflation. The value of that money is going to be far less than what it is in 20 years time. So in my case, my lifetime is not in cash. It's a stock and shares.
