Investing newbie with questions...

cynicaldoc

JohnRo wrote: »

25-30 years is a long time and even if there is a major market correction or crash any time soon it would leave ample time to restore your investment.

If you've got the stomach for volatility, which that selection implies you have in spades, then why not just look at holding something like VWRL and let the global equity market do it's thing for you.

Hold it with iWeb (no custody fee) and then simply check in when the quarterly distributions land and either pay them away until you've built a decent sum or add them to a chunk of new money going in.

Thanks... I did think of rather than holding an ETF, then buying a large % of my portfolio in RIT plc shares in one go (to only pay the dealing fee once) and hold it for a long time to ride out any volatility. It has consistently outperformed the All Shares World Index, albeit for a management charge of 1.14%, plus it's also trading +5.25% premium at present.

AlanP_2

Not_Me_Officer wrote: »

Ok so i have just opened a SIPP with Cavendish Online and i want to check something because i want to be 100% sure as if it goes wrong then it's not small change to me.

Part of the application was me having to specify the lump sum i'm putting in there which i did.

As it went on, one of the pages ("Payment") specified an account number and sort code, said it was Barclays Bank and said i should put my national insurance number in the reference as part of the Bank Transfer.

Does that all sound right to anyone who's done this already?

I assume i'll have to sit tight on my online account being available to log in. So should i transfer the money to that now or wait on the log in details?

Sounds right to me, if I recall we sent our payment across at the same time as posting the form and they matched everything up at their end.

The Cavendish Helpdesk via email were very helpful and answered any queries we had about the process quickly.