What to buy for my first Shares ISA

frothy-coffee_2

This sort of relates to my other thread today but I thought it was 'new enough' to start a new one.

I would like to invest £5,100 in one or more funds this year inside of an ISA wrapper. I've read up on how the different types of funds work. But this will be my first foray into the stockmarket and haven't got a clue as to what to buy. I just want something that's medium risk and with low management charges. Capital growth is the priority.

As to what sectors, markets, etc, to choose I haven't the foggyist

ses6jwg

With my ISA, I have a bog standard FTSE all share tracker that I pay £50 monthly into.

Then I have a range of different shares split between recovery plays such as BP, Heritage Oil, Workspace Group, and defensives with high yields, such as Aviva, Greggs, BAE.

I reinvest all the income, and as time goes on i plan to move more and more money into income funds and shares, all the time reinvesting the dividends, then when I get to retirement age I'll simply switch my dividend action to "pay to bank account"

Lokolo

I'll be buying a few bond funds, although pretty rubbishy and will perform worse when rates rise, I am unsure when I am going to use the money.

But I will also be ploughing a little money in some high risk emerging markets to keep things exciting.

frothy-coffee_2

I've read several books and articles on investing but they just tell you about the 'mechanics' of different investments, not, where or what to invest in. I realize that if books did, then the advice would probably be out of date as soon as they were published.

Any idea where I can do some research to help me decide?

jimjames

I started out with a FTSE tracker for my first PEP, the forerunner of ISAs and I think that is a good place to start.

Within the HL ISA account it is low cost and no extra charges. If you've never had a share based ISA before then I think funds would be the best option rather than getting into ETFs. Once you are happy you understand them then maybe consider other options like that but I've still not found a need to use them.