working hard to increase my savings?

markyyyyyy

Hi,

Just after a bit of advice.

I am thinking of putting most of my savings into my fundsmith/m and g managed growth fund (split between the funds) over a 6 month period (I believe I could put £250 into each account per month for this 6 month period) then drip feeding £75 into each account thereafter... .

I am keeping the money in these accounts for 10 years minimum.

My question is this: in the long term, will this 6 months of hard savings pay off or is it not worth saving that hard for the returns I will get. This is all assuming that there is a steady growth in the markets,

Many thanks

jimjames

Impossible to say if it's a good idea or not really.

One thing you can say is that the more you save the more you'll have in future.

If those are the only funds then it doesn't look very balanced.

TCA

You can't assume steady growth in the markets and even if you do, this might not necessarily translate into the same growth for your two specific funds.

markyyyyyy

jimjames wrote: »

Impossible to say if it's a good idea or not really.

One thing you can say is that the more you save the more you'll have in future.

If those are the only funds then it doesn't look very balanced.

Thanks for the reply.

Can you elaborate on the point that they don't seem balanced funds?

Thanks

Mark