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Unit trust isa confusion...

Jamesb87
Jamesb87 Posts: 5 Forumite
in Savings & investments
Hi,

I am trying to find out more about Unit Trust ISA's.

This is my understanding I can set one up with a Discount Brooker and I can choose the market which the money is invested in is this correct?

I am looking on the Hargreaves Lansdown website and am getting a bit confused I was going to give them a call and speak to them.

Any help would be much appreciated. Also if you have any tips on markets that are fairly low risk to start with so I don't end up blowing my money. I was only going to play with small amounts first and see how I get on.

Regards,

James

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    If you call up to speak to them you will end up getting an advisor I suspect! Which is very expensive!

    There are a number of areas you can invest:

    Gilts
    Corporate Bonds
    UK Equities
    Foreign Equities
    Emerging Markets
    Commodities

    I'm sure there are others. I have tried to put them in order of risk, so Gilts being lowest risk investment and Commodities being highest.

    Funds are usualy in these areas.

    You want to put money into different areas depending on what your risk profile is.

    You can make a risk profile here:

    https://www.fidelity.co.uk/investor/guidance-planning/plan-portfolio/myplan-portfolio-quickstart.page?
  • Primrose
    Primrose Posts: 10,721 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've been Money Tipped!
    If you're looking at the H-L website you will see under the Funds Research section that there are wide choices for investment in the various market sectors. You can elect to split your contributions into proportions in different sectors so if you're a beginner perhaps split equal amounts into different sectors. You can sign up for online monitoring of your account and if you do this regularly you will gradually get an idea of how the different sectors are performing. However, global conditions can cause performance in any particularly sector to change so it will always be an uncertain ride. You have to be prepared to lose money, especially on shorter term investments.
  • Reaper
    Reaper Posts: 7,360 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    If you are using the HL web site then click on the Wealth 150. It gives a list of their top 150 reccomended funds which you can then filter using the "Sector" drop down list.
    It's here: http://www.h-l.co.uk/funds/Mark-Dampiers-Wealth-150

    Of course there is no need to use your chosen brokers research area. You can go to similar pages at all the brokers and everybody has their favourites. For example I like the bits in BestInvest that examine who the best fund managers are and where they are currently working.
  • LongTermLurker
    LongTermLurker Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Lokolo wrote: »
    You can make a risk profile here:

    https://www.fidelity.co.uk/investor/guidance-planning/plan-portfolio/myplan-portfolio-quickstart.page?
    wow, the line at the end is exactly the same based on my age and my risk profile, so my risk profile matches my age perfectly - how cool is that? :cool:

    (btw how's it know I'm agressive? :mad::mad::mad: )
    You've never seen me, but I've been here all along - watching and learning...:cool:
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    LongTermLurker wrote: »
    wow, the line at the end is exactly the same based on my age and my risk profile, so my risk profile matches my age perfectly - how cool is that? :cool:

    (btw how's it know I'm agressive? :mad::mad::mad: )

    Haha :D

    I think it just means we know what we are doing :p
This discussion has been closed.
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