Where to save £1,200 per month?

JonbvnJonbvn Forumite
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Hi,

For various reasons, we have £1,200 per month available to invest and/or save.

Some background info:
Me & OH cash ISA's maxed-out.
My Mini S&S ISA maxed-out.

OH is not a tax-payer. Therefore, I was considering the following:

1. £300 per month into Mini S&S ISA in OH's name. Looking at a UK or European index tracker with low charges - any suggestions?
2. Remaining £900 into regular savers in OH's name, not forgetting to complete IR85 form.

Any thoughts? Seems a bit too low risk (maybe).
In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:

Replies

  • > Any thoughts?<

    How much do you trust the OH?
  • dunstonhdunstonh Forumite
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    Looking at a UK or European index tracker with low charges - any suggestions?
    I dislike trackers in most areas due to the average performance that they generate. I like to aim for performance at the top end and not the middle. However, it is a matter of opinion.

    Anyway, why just one or two funds? £300 allows 6 funds. So why not go for 6 funds and diversify?
    Seems a bit too low risk (maybe).

    Low risk to some, medium risk or high risk to others. What we feel about risk should have no impact on your decision. A UK or European tracker is medium/high risk but its only on a quarter of the money so that brings the risk down.

    What is the timescale for the money? What is your risk tolerance?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • JonbvnJonbvn Forumite
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    No set timescale for this money - looking for 5-10 years I guess.

    My own S&S ISA is high risk. However, OH has a more conservative approach, so I would say she could accept up to say a 20% loss.

    Good idea about using 6 different funds. Will investigate further.

    BTW, I trust my OH implicitly!
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
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