How Best to Buy Fidelity China Special Situations PLC for an ISA

jimjames

bugbyte wrote: »

People keep recommending you hold your nerve and buy in a slump, but this looks like a three year slump!

No its not!

If you had bought around 70p around 12 months ago you'd be sitting on a near 40% profit!

jimjames

Macca37 wrote: »

Hi - no ISA currently - I did have a Stocks & Shares one a few years back with HSBC - had it for a few years and it made a reasonable return. Probably paid well over the odds in fees though in hindsight!

I needed to sell it in order to help me relocate.

No debts again now so looking to get back involved!

Hopefully being a little older and wiser (apparently) I will cut down on any unnecessary fees this time!

If you have no other investments are you fully aware of how high risk this is as the only fund in your portfolio? It may do well but equally you could (as has been seen over 3 years) lose out very badly.

Macca37

Yes I am aware that this is a high risk investment.

Given that I am looking at investing for the longer term I am hoping to also add a few more 'higher' risk funds each year from now on.

My other 'safer' options are likely to be tracker funds for the US & UK (and potentially one other region) - although I suppose they may be even riskier?

One thing I am keen to do is to try and ensure that I don't pay over the odds on fees unnecessarily.

Advice on how to achieve that would be most welcome!

:-)

innovate

I would suggest you create (on paper) a balanced portfolio for yourself before you buy anything. Then, when you know what you want to invest in, select the best platform for your portfolio.

There are plenty of books and internet resources that give you unbiased advice on how to create a balanced portfolio. And plenty that are biased - - you need to identify the unbiased ones first. You will find some recommendations on this forum.

Macca37

I have been having a think about what funds I would like to go for.

I am thinking of the following

Fidelity China Special Situations
S&P 500 Tracker
Aberdeen Global Indian Equity
Japanese Index Tracker

Plus potentially a small company UK stocks fund - still undecided as to which one.

My plan would be that over the course of this year I would invest £10k across the funds.

Any advice as to which platform to use would be welcome.