Investor Views: Why I’ve Switched from Bitcoin to Banking Shares

Student investor Kieran West has shifted his investment strategy to income-focused investments after dabbling in cryptocurrencies

Emma Simon 26 June, 2019 | 11:42AM

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While most students will see money from part-time jobs and student loans disappear on rent, books and going out, 21-year-old Keieran West uses some of these funds to invest in his Lifetime Isa (Lisa).

Kieran is studying at university and also has a part-time job working in a pharmacy. But the student opened the account to help him save for his first home. Investors who are under 40 can put up to £4,000 a year in a Lifetime Isa, and the government will pay a 25% top-up on contributions made during that tax year.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
3M Co161.01 USD0.78
Activision Blizzard Inc63.52 USD1.49
British American Tobacco PLC3,347.00 GBX-1.02
Lloyds Banking Group PLC56.61 GBX-2.45
Take-Two Interactive Software Inc113.43 USD1.09

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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