lump sum

lesta1980

at present in a very nice position where im sitting on nice mid 6 figure sum

got quite a tidy sum already invested (200k) although only just got all that underway so no indicators from that so far. loaded into pensions and unit trusts.

been seeing a fair bit about fee's lately so thinking long and hard what to do with this lump sum and going to really look into making the most of it

but in the meantime not sure what to do with it, thinking either just lob it in the NS&I income bond or the vanguard LS40. Am I at least in the right realm of thinking here?

Eco_Miser

Yes, the NS&I income bond is the place to hold large amounts of cash while you think what to do.

If you buy the VLS40 you will be making an investment, and incurring whatever fees your chosen platform charges, before you think long and hard and look into how to make the most of it.

lesta1980

cheers, will move it tomorrow. also, would this make sense, instead of just placing it all in a Vangaurd LS fund (if I in the end decided to do that) would it be better to split it with similar products, i think L&G and Blackrock have similar, to spread risk?

Eco_Miser

It would spread the risk of Vanguard going under (but the holdings are supposed to be insulated from that anyway).

It would spread other risks only so far as the funds differ from each other, eg L&G includes property.