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Advice on investing £1000 pm
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henryandmay
Posts: 54 Forumite
Firstly, it’s my first time posting but I have been reading and picking up a lot of useful information from the forum, so a big thanks to all the regular contributors and especially the ones who send quite detailed replies to peoples posts.
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Comments
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Do you own a house?
Are you paying into your employer's pension? If not why not? If you are, would your employer contribute more if you did?
If you own a house, or dont intend to buy one for 5-10 years......
1) World tracker
A reasonable strategy, certainly very sensible whilst your investments are below £25K-£50K. However you must be prepared at some stage for the investments to fall perhaps 40%. If 40% scares you look at a multi-asset fund.Vanguard LifeStrategy 60 is an option though there are several others with possible advantages.
2) Lisa - dont know
3) William Bernstein Portfolio
He was writing perhaps 20 years ago for a US audience in a very different economic situation. The world has changed and we arent in the US.
For the amount you have to invest I dont believe professional advice would be justified.0 -
I own the modest terrace house I live in with approx 79,000 outstanding on the mortgage at 2% fixed for next 5 years.Do you own a house?
I don't plan on up sizing at any point in the next 10 years and any work based bonus or windfall will go on mortgage over payments.
Yes I have a work based pension with Aviva and pay in 5% and my employer matches that.Are you paying into your employer's pension? If not why not? If you are, would your employer contribute more if you did?0 -
Bump.
Anyone?0 -
The 10k i wouldn't keep in an isa but spread it among numerous high interest accounts (nationwide pays 5% on 2500 and you can have 3 accounts if there are two of you)
Until you habe larger savings y ou could do worse than lifestrategy or one of the other world trackers. They are popular because they do a job. Are low cost and rebalance automatically. Theres alot of people that use them even for larger portfolios. I have 25k in vamguard 100 and intend to stick with that until its at least 100k by which Time ill probably want less risk anyway. Im 37 and will only look to he 100% equities for probably another ten years. My pension is also in a global tracker0 -
I have looked at the multi bank / saving accounts option but seems like a lot of hassle moving money around per month and having multiple acconts to run and service.
Do you need to set up DD to and from these accounts to qualify for the interest?0 -
Not with nationwide just set up a standing order for 1000 to go in and out every month.
Im similar im too lazy to go for the convoluted set ups some people do but then i dont have alot relatively in cash anyway
I have
2x tsb accounts at 3% on 1500
I did have 3x nationwide between girlfriend and i at 5% on 2500 each now just one sadly
A nationwide regular saver 5% on 500 a month (now 250)
A santander regular saver at 5% on 200 a month
10k in santander 123 account at 1.5%
4k i ln ablrate p2p account getting 12% (needless to say this is not comparable to a bank account and capital is at risk)
The rest of my money is in pensions and s and s isas0 -
If you out more in your pension would your employer match?
Even if not, I think 10% combined contributions is low for a 35 year old. I'd double your contribution (I'm also 35 and pay 10% of my salary, my employer contributes 6% and I worry I'm too light on it. As I'm a basic rate tax payer (like you) I do it instead of a LISA but you could do both.0 -
I would consider investing some of the money in a private pension to take advantage of the tax bonus going in. Disadvantage of course is not getting the benefits until you are 57/8 but that sorts of it fits in with your aim of your plan to giving you life a lift at 55!0
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Thanks, can you provide more information on who and how one would get a private pension on top of the one I already have through my employer.0
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Im just above at 17% and seems ok but then im a hrt payer and on that am forecast to hit the lifetime allowance so loathe to put more inIf you out more in your pension would your employer match?
Even if not, I think 10% combined contributions is low for a 35 year old. I'd double your contribution (I'm also 35 and pay 10% of my salary, my employer contributes 6% and I worry I'm too light on it. As I'm a basic rate tax payer (like you) I do it instead of a LISA but you could do both.0
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