Investing into Stocks/Shares ISA

PanamaDave

I have read through a lot of advice on this forum and a few other sites and am just looking for some advice on my specific situation.

I would like to invest the maximum permissible amount into an ISA for both myself and my wife this year - total of 27k.

This will be our entire investment into the stock market for now. The money is a reasonably significant amount to us however we are looking for the long term and fully understand the risk of investing in the stock market/short term volatility etc. so a loss would not bother us if we were comfortable with our initial plan.

I haven't got good knowledge of the stock market overall so would like to invest into some kind of managed fund rather pick individual shares.

Initially I was considering choosing 4 funds in different sectors which I like and investing 25% (5700ish) into each fund. I am not sure how I would go about that as some of the funds I was looking at don't seem easily accessible via their own web sites.

Alot of my friends are big on Vanguard although I can't see what exactly is so good about vanguard compared to other funds. I read the vanguard vs Nutmeg fees debate on here and am still uncertain on exactly which is better value.

Is it possible/wise for me to invest into 4 funds of my choosing with a view to holding indefinitley and rolling dividends over and if so what would be the best way to go about doing this. If this is really not the best idea, what would be a better approach. Come April, I intend to again max out the ISAs for the next tax year, maybe doubling up on some of these funds or choosing 4 new funds.

Any advice/crucial information I left out?

Thanks

Archi_Bald

You can only invest £11,520 per person this financial year, i.e. some £23K for the two of you.

I don't know anything about Nutmeg and haven't seen the Vanguard vs Nutmeg discussion. I like Vanguard Lifestrategy myself since it's a ready-made package of funds that get balanced without me having to do anything. Great for a passive investor. Lots more suggestions for passive portfolios: http://monevator.com/category/investing/passive-investing-investing/

If you want to be an active investor, you should start by reading some books on investing - have a look on the forum for recommendations on books. Places like Trustnet and Morningstar will have all the information you want about the various funds and trusts etc, and there are forums like the Motley Fools one that brings together like-minded folks.

In either scenario, you'd want to find a discount broker that best meets your needs to buy and manage the investments: http://monevator.com/compare-uk-cheapest-online-brokers/

PanamaDave

Yeah I meant 23k.
Thanks for the links.