prufund

fender2000

is the prufund cautious a good investment or are there better funds on the market the annual fee is 1.35% I am new to investing any advice

dunstonh

Better or worse needs to be placed in context. It can be very suitable for some people but totally unsuitable for others.

fender2000

in which way suitable or unsuitable I have £29,000 to invest,or would it be better to most of it into isas next month

dunstonh

its not as tax efficient as ISAs. You wouldnt typically use the tax wrapper prufund requires until after ISA allowance is used.

fender2000

aint the returns better on a prufund than cash isas at the moment and still tax free and as the stock market is higher now is it best not to put money into s/s isas until the market drops

dunstonh

aint the returns better on a prufund than cash isas at the moment

Its not comparing like for like. Returns on most investments over the last 4-5 years have been better than cash but there will be periods when they are not.

and still tax free

Its not tax free.

as the stock market is higher now is it best not to put money into s/s isas until the market drops

Who says the markets are higher? The UK stockmarket is similar to what it was 13 years ago. After inflation is taken into account, it is lower in real terms. You never know when drops are coming. However, this is jumping all over the risk scale. Cash, prufund, UK stockmarket are all different risk levels.

fender2000

thanks for responding