HL stocks and shares isa - investment advice

adonis10

So, I have made the switch from the expensive Virgin S&S all share tracker to HL. However, I am have the predicament of choosing between the multitude of funds to invest in. Firstly, my attitude to risk is probably around medium as I'm young enough to allow the investment to build up over a number of years and it is frankly not enough to cry about if things don't go so well; currently 2.1k and plan to top up with £300 per month.


Any advice?

AnotherJoe

Vanguard Lifestrategy 80 (or 60 if you are very cautious. But if you are young, you should err on the side of more risk, time is on your side. )

adonis10

AnotherJoe wrote: »

Vanguard Lifestrategy 80 (or 60 if you are very cautious. But if you are young, you should err on the side of more risk, time is on your side. )

P.s. You chose a terrible title, as its really nothing to do with the switch but it's about what investments to hold. Most might think it's about how to switch, not what investments to hold. You can change the title if you go to edit / advanced

Not young as such (33) but young in terms of years to retirement!

LS100 if I fancy a bit more risk?

AnotherJoe

adonis10 wrote: »

Not young as such (33) but young in terms of years to retirement!

LS100 if I fancy a bit more risk?

Yes I only suggested 80 as you mentioned being cautious.

adonis10

AnotherJoe wrote: »

Yes I only suggested 80 as you mentioned being cautious.

Yeah, understood. Just thinking that a bit more risk isn't a bad thing as a) it is not a fortune and b) I have a decent amount in safe, lower paying accounts.

dunstonh

Firstly, my attitude to risk is probably around medium

What is medium? We need context as one person's medium would be low risk and another persons medium would be high risk. On our risk profile, we have 4 levels in the medium range.

How much would be be willing for it to go down by before pulling out? 10%, 20%, 30%, 40%, 50% etc?

adonis10

dunstonh wrote: »

What is medium? We need context as one person's medium would be low risk and another persons medium would be high risk. On our risk profile, we have 4 levels in the medium range.

How much would be be willing for it to go down by before pulling out? 10%, 20%, 30%, 40%, 50% etc?

Good point. Remember I'm new to this game so looking for all the pointers and advice I can get.

Given the level of investment, I'd say 40-50%. If I suddenly had 20k invested I would more than likely drop that to 25-30%, but that is only if the proportion of investments:cash ratio did not stay the same.

TrustyOven

dunstonh wrote: »

How much would be be willing for it to go down by before pulling out? 10%, 20%, 30%, 40%, 50% etc?

Rhetorical question: if it drops 50%, why would you pull out instead of buying more?

jimjames

TrustyOven wrote: »

Rhetorical question: if it drops 50%, why would you pull out instead of buying more?

Good question. But people do panic and sell, odd when they do the opposite if shops have a bargain sale!

adonis10

TrustyOven wrote: »

Rhetorical question: if it drops 50%, why would you pull out instead of buying more?

For me, that would be due to inexperience and lack of nerve. However, you raise a very good point there and one I will keep in mind when this happens.

ThemeOne

Have you looked at the information available on the HL site to help you decide? It's quite comprehensive.