Got myself into a Tizzy about my SIPP

crystal_pixie_2

I am hoping all you super investor ppl can tell me if I am on the right track here.

I have a SIPP with HL (I know they are a little more expensive) of about £25k. This is a long term investment (decided on 20 years) and its not my main pension as I have a good final salary scheme with RR.

However, I thought it prudent to get something started just in case redundency strikes.

So I merrily started buying funds and dare I say some stocks as well - and I got a crisis of confidence and read Tim Hale's book on investing.

With seeing my little pot dwindle (not too badly I have to say) I decided to bite the bullet and sell all my managed funds and invest in the vanguard lifestrategy 80% equities tracker instead.

My question is I drip feed into this pot about about £200 a month. Would it be a better strategy to keep my main pot in a tracker fund but drip feed into managed funds that match my portforlio (80% equities)? I was thinking about some recommended ones such as Woodford Income etc.

Strategy is not my forte - and I do have a tendancy to check this pot far too often. So I was trying for a feed and forget for 12 months instead.

Does this sound sensible?

dunstonh

and invest in the vanguard lifestrategy 80% equities tracker instead.

So, that puts you at the moderately adventurous level when it comes to investing (above the average person).

Would it be a better strategy to keep my main pot in a tracker fund but drip feed into managed funds that match my portforlio (80% equities)? I was thinking about some recommended ones such as Woodford Income etc.

VLS80 is a managed strategy using passives. The managed bit is the setting of the allocations. Woodford income is one fund that is ideally part of a wider portfolio funds built to allocations set from your research.

Based on what you have said, using single sector funds doesnt seem to be what you want or should be doing.

zagfles

The Savings & investment board is probably better for discussing investment strategies.

But yes don't check too often and don't panic about drops, that's the nature of investment.

BTW HL are good value for small'ish pots despite the reputation they get here for being expensive. With trackers they can be quite cheap, similar to personal pension charges.

crystal_pixie_2

dunstonh wrote: »

So, that puts you at the moderately adventurous level when it comes to investing (above the average person).

dunstonh - you are correct hence my setting the background. This isn't my main pension pot and I am looking at a fairly long timespan so I decided to go down the adventurous route for the time being.

I will post on the investments site - however, I wondered if I should be thinking about a different strategy for my pension.