Advice needed on 60k investment! DIY ISA or IFA?

dunstonh

1. Open Halifax S+S ISA, as comparing to IWEB, i prefer it's interface as it gives more information.

Invest 15k to each -
Vanguard 80 acc
CF Woodford Equity Income Fund C GBP Acc

That makes it a high risk investment. Are you sure you can accept around 40% loss potential in 12 months?
Why do you think you asset allocation is better than Vanguards?

2. I have a bunch randome-chosen ISA with fidelity, which charges me 0.35% currently for platform fee, they are spread across different funds.

Random selections typically result in poorer returns over the long term. Your selection is again, high risk (although cant say how much without knowing allocations).

To put some context on it, that would likely end up as a mis-sale if an IFA was to recommend that lot to you.
It lacks structure, not measured to match risk profile and for a new investor, would appear to be a mixture of fashion investing and likely above risk profile.

gemma.zhang

1. I don't need money for the next 5-10 years.

To reduce the risk, how about 20k investment in Vanguard LS 60?
10k in woodford?

2. That was the mess I have created over the years, Not from IFS, I understand it wasn't good, and I am learning..that's why I am trying to sort it out now. Any good suggestions as how I should sensibly reallocate 30k existing S+S ISA?

Advice needed and massive thanks!

bigfreddiel

gemma.zhang wrote: »

Thanks! What do you mean by 'don't have an edge'?
'Dont sidetracked that your plan is simple' - does it mean to stick to simple portfolio( one or a few ) instead of complicated ones?

An 'edge' -what means is do you know which shares to buy, and if so how do you know any better than a 'professional' fund manager? They have huge resources, interview ceo's, have experts in every field imaginable. So can you have an edge over the professionals and pick a bunch of equities that will beat the market? If yes ignore trackers and create your own portfolio of equities with all the costs involved, rebalance, mange division and so on.

Or you could just invest in a few etf's and just leave it, rebalance once a year. Simples and it will beat those who think they hav an 'edge' which of course they don't!

Cheers fj

gemma.zhang

bigfreddiel wrote: »

An 'edge' -what means is do you know which shares to buy, and if so how do you know any better than a 'professional' fund manager? They have huge resources, interview ceo's, have experts in every field imaginable. So can you have an edge over the professionals and pick a bunch of equities that will beat the market? If yes ignore trackers and create your own portfolio of equities with all the costs involved, rebalance, mange division and so on.

Or you could just invest in a few etf's and just leave it, rebalance once a year. Simples and it will beat those who think they hav an 'edge' which of course they don't!

Cheers fj

Thanks a lot! I learn a bit more everyday! What's benefit of buying ETFs as to buy index tracker funds?

For my existing messy portfolio. Might be safer and simpler if I switch my investment into: a index tracker fund in tech sector and china one.

edinburgher

and china one.

I would not feel comfortable investing a significant proportion of my portfolio in China at this point, growth across their indices has been stellar. I read a FT article about many shares trading at 100x+ earnings :eek: