Suggestions: make up of a savings / investment portfolio?

nrsql

Then go for it.
And put as much as possible in an ISA.

Lansdowne

nrsql wrote: »

Then go for it.
And put as much as possible in an ISA.

Can anyone say if there is a consensus on which types of investment will benefit most from going in an ISA?

For example if I invest in a mixture of equity funds, bond funds and a few share or perhaps an investment trust or two, (with the total being more than the ISA allowance), is there for potential tax saving in some of those than others?

orangeshoes

Right folks, I followed some of your very helpful advice, did my own research and came up with 14 funds that we've invested in. We've used mine and my wife's ISA allowance and put just over £1k in to each fund so that our ISA allowance of £7,200 is taken up.

As previously discussed, we would like to add to funds monthly. Bearing in mind that the minimum fund investment is £1,000, and we've used up our allowances, can we add £50 or so to each fund each month? I kow it couldn't be via our ISAs, but can we invest to the same funds simply through buying the funds? Or would we need another £1000 minimum invested through another product?

Hope the above makes sense! We've invested via H&L. Really appreciate everyone's advice and help thus far.

Lokolo

orangeshoes wrote: »

Right folks, I followed some of your very helpful advice, did my own research and came up with 14 funds that we've invested in. We've used mine and my wife's ISA allowance and put just over £1k in to each fund so that our ISA allowance of £7,200 is taken up.

As previously discussed, we would like to add to funds monthly. Bearing in mind that the minimum fund investment is £1,000, and we've used up our allowances, can we add £50 or so to each fund each month? I kow it couldn't be via our ISAs, but can we invest to the same funds simply through buying the funds? Or would we need another £1000 minimum invested through another product?

Hope the above makes sense! We've invested via H&L. Really appreciate everyone's advice and help thus far.

Bit in bold - no you wouldn't.

Just can just start with a £50 a month investment for each fund.

orangeshoes

Lokolo wrote: »

Bit in bold - no you wouldn't.

Just can just start with a £50 a month investment for each fund.

Thanks Lokolo. So even though we only have funds in an ISA, and that ISA is at it's limit, I can still add £50 a month to it? Will H&L know to put this £50 somewhere other than my ISA?

Lokolo

orangeshoes wrote: »

Thanks Lokolo. So even though we only have funds in an ISA, and that ISA is at it's limit, I can still add £50 a month to it? Will H&L know to put this £50 somewhere other than my ISA?

Yes you will have to have a Fund Account.

http://www.h-l.co.uk/our-services/Fund-Account

Its the same as an ISA, but not an ISA.

orangeshoes

I will send this to the H&L helpdesk, but I reckon you lot will probably be able to answer quicker.

I set up a fund account tonight and wanted to add a monthly sum to a number of funds. The screen where you select the funds allows you to pick seven and then says that you've reached the maximum. Is it not possible to do a regular saver for more than seven funds a month? Or do you get the option after you've set up the initial seven?

Apologies for these questions. I promise that I'm a semi-intelligent human being, but the FAQ section seems to assume you have a working knowledge of these things!

Lokolo

orangeshoes wrote: »

I will send this to the H&L helpdesk, but I reckon you lot will probably be able to answer quicker.

I set up a fund account tonight and wanted to add a monthly sum to a number of funds. The screen where you select the funds allows you to pick seven and then says that you've reached the maximum. Is it not possible to do a regular saver for more than seven funds a month? Or do you get the option after you've set up the initial seven?

Apologies for these questions. I promise that I'm a semi-intelligent human being, but the FAQ section seems to assume you have a working knowledge of these things!

I would phone them up and ask. Their telephone support is exceptional and I haven't had any problems, and the answer is also instant.

I think its too late in the month to set up a regular saver for the month of Septmeber (I think it has to be sorted before something like the 26th the month before), so if you set up the 7 regular funds now, you can add to it after. If it doesn't let you ring them up and ask them to do it. If things screw up then you still have another 3+ weeks to sort it out.

Denis_UK

Early 30s high rate taxpayer you must have an ISA,dip your toe in the water with M&G Dividend fund price is on the way up paying 5.5% interest,solid company with good track record.

Check back in your early 40s you wont be dissapointed.

Ask for Accumulation units and a discount on there initial charge

Aegis

Denis_UK wrote: »

Early 30s high rate taxpayer you must have an ISA,dip your toe in the water with M&G Dividend fund price is on the way up paying 5.5% interest,solid company with good track record.

Check back in your early 40s you wont be dissapointed.

Ask for Accumulation units and a discount on there initial charge

Why this fund? Lower second or upper third quartile of performers in its sector over 1, 3 and 5 years. While past performance is no guarantee of future performance, why recommend a fund which has only just beaten its index a couple of times and has been beaten by its index more often over the last 5 years.

All in all it seems like an odd recommendation when there are players like Invesco Perpetual and Schroder with funds in the same sector doing much better (i.e. more than twice as well over 5 years).

You also shouldn't have to ask for a discount on the initial charges. If you go through a company like Hargreaves Lansdown they should remove all or most of it without any such request.

In any case you really shouldn't offer specific investment advice like that on this forum. Pointers are fine, suggestions as to what to look at, but comments like "Check back in your early 40s you wont be dissapointed (sic)" make it look like you're guaranteeing that there will be good growth from this fund over several years, which is something you simply can't do.