Novice needs advise to create a balanced portfolio.

nightwatchman

I have approximately £35k total of which £10K in ISA and the rest in various regular savers which they will start maturing from the end of October until the beginning of January. FTSE is down now and when if it reaches approximately 3500 I may risk a gamble.
I am not intending to invest my ISA so I have £25K to gamble in the stock exchange in lump sums every month for the next four months.

So the question is: what percentage should I invest in the various sectors?
For example 25% in banks 25% in utilities 30% in mining 20% in leisure? or whatnot.

Is a managed found better option for my case?

Is there a way to invest directly in equities and use my maxi ISA allowance?

Thanks for your comments.

dunstonh

Is a managed found better option for my case?

If you are talking about a jack of all trades fund then no. They are really only suitable for the lazy individual who doesnt want to review investments and wants to leave it for someone else.

A spread of funds is usually better. However, you are looking at asset allocation rather than sector allocation and when you use funds it is much harder to work on asset allocation. Asset allocation works far better with single shares.

Is there a way to invest directly in equities and use my maxi ISA allowance?

Yes. Self select ISAs is the generic name for these. Most brokers will have an ISA wrapper option available.