choosing funds

edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
1 reply 588 views
j0nathon2j0nathon2 Forumite
292 Posts
edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings
i want to invest about £250 a month into funds in an isa, and have read many posts and think i am now ready to do this. with this amount of money i am looking at 5 funds at £50 each.

does anybody have any comments on the following choice, all accumulation units, all £50 a month each.

Invesco Perpetual Global Smaller Companies
Norwich Property Fund
Old Mutual Corporate Bond Fund
Invesco Perpetual High Income
New Star European Growth

the £250 is money i practically get for doing nothing!! and so i am looking to put it away for as long as it comes, and leave it there for many years, 10+ at least, however, i would still hate to think that i would lose a lot of money, but am prepared to involve some risk for potential gains which is why i have property and bonds in there, which i believe are medium risk, to balance it out.

i dont invest anything else, but i save about £400 a month of my income into savings accounts.

Jon

Replies

  • dunstonhdunstonh Forumite
    106.7K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭✭
    property and corp bonds are low risk. I would be inclined to ignore corp bonds at this stage on a regular only contract. It will be a good few years before any one fund has a large enough amount to be concerned over risk and you can always switch things around a bit then. I would substitute it with a specialist fund, such as Euro Property or natural resources or emerging markets. The lower risk NU fund would offset the higher risk with alternatives.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
This discussion has been closed.
Latest MSE News and Guides

Energy price cap could be extended beyond 2023

New plans have just been announced by the Government

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals