Which Funds?

ricky.patel89

Hey,

I've filled up my Cash ISA with the Halifax this year, I'm now thinking about investing in a Stocks & Shares ISA, I've had a look at the one with HL, Vantage Stocks & Shares ISA.

I'm only 21 and just graduated I've got a good job with good pay, I'm looking for growth for my capital and I'm in for the long run about 10 to 15 years. In terms of risk, I would like a mixture of medium and high risk funds, but built on a foundation of solid funds with a history of good returns. I don't want anything which is too cautious.

I was thinking about seeing an IFA to invest the lump sum, but have now decided against it and would prefer to do a DIY job using the H-L Vantage ISA. I'm hoping to use this forum for some advice. With only £5100 how many funds should I be looking to invest in. I'm looking to develop a diverse and well balance portfolio over the coming years. Also which funds can should I be looking at?

Thanks.

ricky.patel89

I'm considering:

Aberdeen Emerging Markets
Allianz RCM BRIC Stars
BlackRock Gold & General
Invesco Perpetual High Income
Schroder UK Alpha Plus
Invesco Perpetual Corporate Bond
JPMorgan Natural Resources
Artemis Strategic Assets Retail
Jupiter Financial Opportunities
M&G Strategic Corporate Bond Class X

I would like to spread the £5100 equally across the funds, or am I going about it all wrong?

Any comments would be much appreciated.

Thanks.

sabretoothtigger

I prefer emerging bonds over normal corporate which already rose alot here. See investec for a few different funds including this

The HL account for shares is not as good as the fund one, its not cheap

ricky.patel89

I don't understand what you mean by "The HL account for shares is not as good as the fund one, its not cheap", I thought I was talking about the ISA Vantage account.

sabretoothtigger

If your just buying funds dont worry about

ricky.patel89

Ok, but are the funds I have chosen good, also how should I distribute the £5100 amongst the funds?

sabretoothtigger

Thats alot of funds, I think you need 1k in there initially and can later take some out to distribute it more if you really want

Thats like 500 a fund and HL reserve the right to close a fund allocation below 1k.
Try not to duplicate too much, put them all into morningstar portfolio then select xray and stock overlap

ricky.patel89

Could someone give me any opinions if I'm investing in the right funds to meet my strategy.

sunil1234

as the man said, consider investec emerging market debt rather than corporate bonds

if you invest monthly via h-l they will allow you to stop below 1k per fund. If you just want to do a one off fund investment, usual minimum is £1k unless you hold units in the fund already.

bric stars is a newer fund compared to aberdeen and first state and will have emerging markets overlap too, consider some of the first state funds - greater china growth, market leaders...

jury still out on artemis strategic assets as its a new fund...

high income and alpha plus also have possible overlap

with your age and timescale, consider also us smaller companies (i use schroder mid cap)

have a look at m&g global basics too and std life uk smaller companies and UK equity unconstrained along with Jupiter Europe (the 800p one not the crap cheaper one)

i think financials are stuffed for a while...but i dont see a technology fund or property fund in your list. I have axa global tech and first state global property (despite havung 3 BTLs lol)


dont rule out emerging europe funds too and maybe first state india (india is behind china in terms of development so more of that growth to come in the future rather than china which has had a lot of growth already in the development cycle.)

Thing is, this is your first £5100 and youre young so i would say go all agressive and you can add the conservative funds in future years. Plus always look at all your investments, so youre already 50% in cash so why not 50% all guns as long as you accept the risk and roller coaster rides and DYOR ;-)

HTH

S

ricky.patel89

Sunil, could you give me a list of the 5 funds you think I should go for then, as you said I may as well go aggressive initially then add the safe funds later. I don't mind the risks associated.

Sorry for being a noob, but I want to try and get this right.

Thanks.

sunil1234

ricky.patel89 wrote: »

Sunil, could you give me a list of the 5 funds you think I should go for then, as you said I may as well go aggressive initially then add the safe funds later. I don't mind the risks associated.

Sorry for being a noob, but I want to try and get this right.

Thanks.

i can give you five funds but i am not qualified to give advice....

perhaps consider

aberdeen emerging markets
jpm natural resources
axa framlington global tech
cm finn global opportunites
std life uk smaller companies