stock & shares ISA

davep123

Hi,

I'm looking at starting a stocks & shares ISA, with medium risk as a long term investment.

Any ideas ?

I've looked at various comparison sites, but I get different results from each one. Very confusing

sheslookinhot

I opened a Vantage S&S ISA with Hargreaves and Lansdown nearly 2 years ago. I picked my own funds, 7 funds x£50 per month. Straightforward no difficulties

davep123

Cool,

but I have no idea of what funds to pick, so would prefer the choices managed for me.

dunstonh

I'm looking at starting a stocks & shares ISA, with medium risk as a long term investment.

Any ideas ?

about 1,000 with an infinite number of variations.

but I have no idea of what funds to pick, so would prefer the choices managed for me.

You either DIY or use an IFA. DIY means you pick.

davep123

the comparison sites compare the performance of the funds performance from previous years etc.
I thought the fund managers do the picking etc

am I wrong ?

SecLender

davep123 wrote: »

the comparison sites compare the performance of the funds performance from previous years etc.
I thought the fund managers do the picking etc

am I wrong ?

The fund managers do the picking but you still have to choose which fund you want to invest in.

dunstonh

the comparison sites compare the performance of the funds performance from previous years etc.

That isnt how you pick funds though. It can have an impact in the decision but you have other things to consider as well. e.g. did a particular fund come out top because it heavily invested into an area that was higher risk than the other funds in the same sector and in that particular period that extra risk paid off. Now, could that extra risk cause it be more volatile and subject to greater falls in the next period.