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One critical decision made was to avoid the auto-invest option. The investor cited concerns about the system’s mechanics, particularly how it counts weekends and would potentially invest funds in a bulk manner at the beginning of the week. Opting for manual investing, they plan to invest daily, allowing for a more hands-on approach to their finances.
Investment Goals and Financial Background
The initial goal was to reach an investment target of £5,000 over 100 days, stemming from a commitment to maxing out their Stocks and Shares ISA for the year. Having previously invested only about £600 monthly, the investor found themselves needing to catch up significantly, aiming to close a gap of roughly £75,000 to reach the maximum allowable contribution.