Is it a wise time to put another lump sum in to my M+G bond?

markyyyyyy

Hi All,

a bit of my background:
I am 23 years old, and put £30 a month in to my M and G managed growth fund. Is it a wise time to put more of a lump sum in (ie. £500?), while the stock market is on a low? Will i get more out of this in time, in terms of return?

I am currently saving as much as i can at the moment, baring in mind I am on a poor wage of £13,070 a year!
I currently put £150 a month minimum in to my Britannia savings account, along with £30 to the M and G managed growth fund.

I do not have a specific savings goal as such, however I am saving with baring in mind Marriage and a House deposit for the future.

Your advice is appreciated

Kind Regards

Mark

dunstonh

while the stock market is on a low?

Who says it is low?

Will i get more out of this in time, in terms of return?

If it does up then yes, if it goes down then no.

You say M&G bond in the title but the fund you mention is mostly equity fund and not a bond fund. Would the increase be going to the equity fund or a bond fund? If a bond fund, then the stockmarket is irrelevant.

I do not have a specific savings goal as such, however I am saving with baring in mind Marriage and a House deposit for the future.

Regular contributions into equities tend to need a very long term. Typically around 15 years to be effective. So, is that the timescale for the marriage/house?

buffman

I think that it is an excellent strategy to drip feed money into the stock market at regular intervals. It is the best way to invest for the long term. I would suggest investing with a tax free wrapper and possibly a low fee tracker fund.

xylophone

Hope Markky is using his ISA allowance.

gadgetmind

dunstonh wrote: »

Who says it is low?

While they are far from infallible, p/e ratios, p/tb ratios (I like assets I can kick), and yields strongly suggest that equities currently offer stonking value, but of course, as a wise man once said, "markets can remain irrational longer than you can remain solvent."

I'm currently moving any money that isn't bolted down into equities, but I'm very very patient.