S+S ISA for Mortgage Repayment

cagey76

an afterthought, if I aimed for 5%, why not use a mini cash ISA for some of it and take the 6.3% ?

dunstonh

I like the High Yield Idea, along with emerging amrkets and some Brazil exposure, but will want some lower risk funds to combat the higher risk of these.

Sounds more like you like the idea of sector allocation rather than HYP. Of course, you can always use HYP for the UK sector.

Is it possible to merely buy advice from a IFA and go on to manage my own investments via selftrade ?

You can, although you may find it is cheaper to do it through the IFA and let the IFA pick the platform. On funds, Selftrade keep some of the commission that would go to an IFA. So using self trade and paying an IFA for advice would see you paying double charges.

an afterthought, if I aimed for 5%, why not use a mini cash ISA for some of it and take the 6.3% ?

The same cash ISAs that were paying 3% just a few years ago? Cash ISAs dont offer the potential for higher returns. Regular contribution investment mortgages ae best served with equities.

cagey76

I have been giving this some thought and have come up with the following plan. Any suggestions welcome.

Mini Cash ISA 3k NS&I

leaves 11k (1 maxi + 1 mini)

Gartmore Cautious Managed 3k
Artemis UK Equity Income (accum) 2k
Neptune European Opps (accum) 2k

Jupiter Emerging European Opps 2k
Allianz Global Investors 2k

Aegis

You can't invest in a maxi and 2 minis in the same year, so you'll need to wait until April to switch your remaining funds into the ISA wrapper. However, the amount of capital growth in that time isn't too likely to affect you, especially if you put your safer funds outside the wrapper to minimise the taxable gain (not likely to be an issue even with your high risk/reward funds, but you might have other gains in the year).

You might want to consider a bit more diversification. With 11k, you've gone for over a third in Europe, which might be a little too much for a small portfolio.

As for the funds themselves, that has to be up to you. I don't actually have any familiarity with the ones you've mentioned anyway, so I can't offer my thoughts on them!

Jonbvn

Aegis wrote: »

You can't invest in a maxi and 2 minis in the same year, so you'll need to wait until April to switch your remaining funds into the ISA wrapper.

Yes they can! Two people can invest in one maxi and 2 mini (1 cash + 1 S&S) ISA's. It is clear that this is what the OP means, since he mentions investing 14k (11k + 3k) in ISA's.

Aegis

Jonbvn wrote: »

Yes they can! Two people can invest in one maxi and 2 mini (1 cash + 1 S&S) ISA's. It is clear that this is what the OP means, since he mentions investing 14k (11k + 3k) in ISA's.

Wow, I was so unbelievably off form last night... That's the second simple error someone's pointed out!

Fair play though, I can't argue with that

StevieJ

cagey76 wrote: »

I have been giving this some thought and have come up with the following plan. Any suggestions welcome.

Mini Cash ISA 3k NS&I

leaves 11k (1 maxi + 1 mini)

Gartmore Cautious Managed 3k
Artemis UK Equity Income (accum) 2k
Neptune European Opps (accum) 2k

Jupiter Emerging European Opps 2k
Allianz Global Investors 2k

If you are including a cash ISA and you do not require access, why not
consider a 4 yr fix from the Halifax they are paying around 6.3% guaranteed.

Jonbvn

Aegis wrote: »

Wow, I was so unbelievably off form last night... That's the second simple error someone's pointed out!

Fair play though, I can't argue with that

Don't worry, we all get days like that!

cloud_dog

Cagey

Regarding your original Q, and just for info.

I have an interest only mortgage and invest in S&S to repay this but also for longer term investments and my portfolio history is:

1998 +35%
1999 +83%
2000 +61%
2001 -19%
2002 -15%
2003 +35%
2004 +4%
2005 +8%
2006 0%
2007 +50% (atm)

A mean return of 24%(ish) - Although this isnt to say the minus figures were not a lot more during the year these are just EoY figures. My portfolio is fairly/very high rish.

With a reasonable return from here on in I'm hoping to repay the mortgage in approx 5yrs, which fits in nicely with the end of my 5yr fixed rate deal :-)

Lets hope the markets keep doing what they know they should.

cloud_dog

moneylover

cloud_dog wrote: »

my portfolio history is:

1998 +35%
1999 +83%
2000 +61%
2001 -19%
2002 -15%
2003 +35%
2004 +4%
2005 +8%
2006 0%
2007 +50% (atm)

A mean return of 24%(ish) - Although this isnt to say the minus figures were not a lot more during the year these are just EoY figures. My portfolio is fairly/very high rish.
cloud_dog

What happened in 2006?