Best returns on £10-15k?

Scrooge._2

Hi all,

I am currently trying to figure out best returns on my portfolio.

At the moment I have:


£5640 in a cash ISA at 4.5%
£1480 in a JPM fund

I have about £7880 in cash..

I'm thinking about using my S&S ISA with Hargreaves Lawnsdown and filling it with £5640..and then using the rest into a normal fund?

Looking to hold my funds for 5-7years, looking at high-risk emerging markets atm

Advice is appreciated..

xylophone

I'm thinking about using my S&S ISA with Hargreaves Lawnsdown and filling it with £5640..and then using the rest into a normal fund?
£1480 in a JPM fund

If you wish to use the S&S option, you can put £5640 into the S&S Isa for this tax year then transfer the JPM into the S&S ISA for upcoming tax year and add the balance of the cash (£2240)?

5-7 years is shortish for S&S investment - do be aware what high risk means.

Scrooge._2

xylophone wrote: »

If you wish to use the S&S option, you can put £5640 into the S&S Isa for this tax year then transfer the JPM into the S&S ISA for upcoming tax year and add the balance of the cash (£2240)?

5-7 years is shortish for S&S investment - do be aware what high risk means.

My other option is to cancel all my ISAs and move my £15k overseas to a country which I have dual nationality with and which offers 7.25% interest on savings, either with HSBC or CITI..

It's quite risk-free, and the pound is quite strong atm to its local currency..

jimjames

Scrooge. wrote: »

My other option is to cancel all my ISAs and move my £15k overseas to a country which I have dual nationality with and which offers 7.25% interest on savings, either with HSBC or CITI..

It's quite risk-free, and the pound is quite strong atm to its local currency..

Unless you need to spend money in that country and have no need to bring the money back then I wouldnt say anything that involves currency movements is risk free.

Scrooge._2

jimjames wrote: »

Unless you need to spend money in that country and have no need to bring the money back then I wouldnt say anything that involves currency movements is risk free.

True True, but I don't mind keeping it there for 3-7years..

xylophone

My other option is to cancel all my ISAs and move my £15k overseas to a country which I have dual nationality with and which offers 7.25% interest on savings, either with HSBC or CITI..

If you are UK resident for tax purposes you will pay tax on worldwide income? http://www.hmrc.gov.uk/taxon/foreign.htm

Scrooge._2

xylophone wrote: »

If you are UK resident for tax purposes you will pay tax on worldwide income?

I'm a British Citizen, but currently a student..so I'm exempt for a few years..

blinko

Scrooge. wrote: »

I'm a British Citizen, but currently a student..so I'm exempt for a few years..

lol you are not exempt because you are a student, have another look at the rules!!!

atush

you could be exempt if you are a non taxpayer of course.

Bloomberg

Scrooge. wrote: »

Hi all,

I am currently trying to figure out best returns on my portfolio.

At the moment I have:


£5640 in a cash ISA at 4.5%
£1480 in a JPM fund

I have about £7880 in cash..

I'm thinking about using my S&S ISA with Hargreaves Lawnsdown and filling it with £5640..and then using the rest into a normal fund?

Looking to hold my funds for 5-7years, looking at high-risk emerging markets atm

Advice is appreciated..

If you have no debts then you are in a very strong position. I too have an emerging markets fund, long term I think that will do very well. My advice would be to save half of your money in cash and half into your chosen fund. Some people lose out because they are forced to take cash from their investments at the wrong time. Another mistake people make is to become downhearted and lose interest in their fund if it goes down in value. Believe it or not it is a good thing if your fund goes down in value in the short term. Many people don't understand this because it is counter intuitive.



If the value of your fund falls that is a really good thing in the short term. The reason is that your money is actually buying more units as they are cheaper. This provides more growth potential for the future. All the best.

Scrooge._2

Bloomberg wrote: »

If you have no debts then you are in a very strong position. I too have an emerging markets fund, long term I think that will do very well. My advice would be to save half of your money in cash and half into your chosen fund. Some people lose out because they are forced to take cash from their investments at the wrong time. Another mistake people make is to become downhearted and lose interest in their fund if it goes down in value. Believe it or not it is a good thing if your fund goes down in value in the short term. Many people don't understand this because it is counter intuitive.



If the value of your fund falls that is a really good thing in the short term. The reason is that your money is actually buying more units as they are cheaper. This provides more growth potential for the future. All the best.

I'm thinking of investing in a natural resouces fund or mining...they seem quite undervalued atm..and I'm sure once the economy picks up globally, they're bound to recover