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Risk profiling for new portfolio

Noktok
Posts: 49 Forumite
I have a lump sum to invest and I'm planning to start S&S ISAs for myself and my spouse, investing £5100 each this tax year and a further £10680 each in the next tax year. (We already have £20,000 each in cash ISAs).
So, I'd like to build two portfolios of funds, one for myself and one for my OH. I think it would be sensible to select different funds for each portfolio so that we're not putting all our eggs in one basket.
I think it also makes sense to style each portfolio according to our personal attitude to risk, since my OH has a more cautious attitude whereas I am more adventurous. I'm neither experienced nor knowledgeable at this sort of thing, but as a rough guide I'd estimate that we could be classified as safe-medium (3-4?) and medium-high (7-8?) risk respectively.
What sort of products should I be looking for to fit these risk profiles, and in what proportions?
Thanks for your replies
So, I'd like to build two portfolios of funds, one for myself and one for my OH. I think it would be sensible to select different funds for each portfolio so that we're not putting all our eggs in one basket.
I think it also makes sense to style each portfolio according to our personal attitude to risk, since my OH has a more cautious attitude whereas I am more adventurous. I'm neither experienced nor knowledgeable at this sort of thing, but as a rough guide I'd estimate that we could be classified as safe-medium (3-4?) and medium-high (7-8?) risk respectively.
What sort of products should I be looking for to fit these risk profiles, and in what proportions?
Thanks for your replies
0
Comments
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Some more questions.
Is it advisable to open an ISA with the initial investment now, before I lose my allocation for the tax year, and hold it within the ISA as cash until I have time to choose some investment funds at my leisure?
Then, what is the best way to distribute the lump sum without putting the capital at undue risk?0
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