Opinion/Advice....Any welcome

copthis1

My wife has the following (All ISA'd)

£4800 Fidelity China Consumer W-Acc
£8500 Fidelity Wealthbuilder Fund N-Acc
£3000 Lindsell Train Global Equity Acc (Just paid in today)
£54000 Virgin Cash ISA (1.01%)

She has no monthly payments going into any of the above. I was going to set up a payment of £100/month into the Lindsell one.

Any advice?

She is 50. I want our money to grow over the next 10 years, not be stuck in a cash ISA.

Any help/comments would be well received.

copthis1

While I'm waiting for an avalanche of replies, I'll list what I have.

£50,000 Virgin Money Cash ISA (1.01%)

£20,000 winging its way to an H&L stocks and shares ISA to invest in some funds. (Christ knows what)

£1800 ish in AXA Framlington Global Tech ACC fund (ISA just sat there for years)

Audaxer

copthis1 wrote: »

£20,000 winging its way to an H&L stocks and shares ISA to invest in some funds. (Christ knows what)

Well, that's a start - I assume its coming from the Virgin Cash ISA. If you are investing for the long term, i.e. at least 10 years, a good way to start may be to invest in one of the popular multi assets globally diversified passive funds. Some examples are Vanguard LifeStrategy funds, HSBC Global Strategy funds and Legal & General Multi Asset funds. They take all the decision-making out of selecting the right blend of active funds and rebalancing them etc. You just need to select the fund with the best equity/bond mix to suit the level of risk or volatility you are prepared to accept.

copthis1

Yes, the 20,000 came out the cash ISA leaving 50,000 still there.

I am 51 nearly and want to leave the money for around 10 years +(depending on unforseen events). Is £50000 still to much to leave in cash?

Audaxer

copthis1 wrote: »

Yes, the 20,000 came out the cash ISA leaving 50,000 still there.

I am 51 nearly and want to leave the money for around 10 years +(depending on unforseen events). Is £50000 still to much to leave in cash?

If you won't need access to all of it during the next 10 years, then I would say it is a lot to leave in cash. If however you want to keep it in cash, you could move it to higher interest current accounts although that would mean taking it out of the ISA.

Flobberchops

It's a lot of cash.

I'm not a huge advocate of multiple funds, there'll be so much overlap that at least some of them will be redundant.

Why not put, say, 10% of your cash into P2P? Go on, live a little >:D

If you're a fan of cash, why not dump some into premium bonds (statistically better than your ISA, keeps it liquid) and also take out a 3 year NS&I bond at 2.2%?

Audaxer

Flobberchops wrote: »

It's a lot of cash.
I'm not a huge advocate of multiple funds, there'll be so much overlap that at least some of them will be redundant.

What do you mean at least some funds would be redundant?

copthis1

Any comments on the funds we're in?

AnotherJoe

Audaxer wrote: »

What do you mean at least some funds would be redundant?

They will mean there's such a large overlap between the underlying shares they hold that you might as well choose one or other and you might think you are diversifying by holding severalmfunds but because of the overlap you aren't.

There are many index funds you could choose, spend a few weeks or even months doing some research before buying I imagine this cash built up over a while so no need to rush. . Try Monevator blog perhaps for some choices I don't agree with everything in there but it would certainly be better than having such a huge % in cash.

Why have you got so much cash ? My worry would be, assuming this cash built up over a long time, first time there's a dip in your funds youll panic and sell ata loss. Are you happy you can resist that ?

Thrugelmir

copthis1 wrote: »

Any comments on the funds we're in?

No apparent strategy. Personally I'd build some good core holdings of size. Before diversifying directly into Consumer or Tech.

Flobberchops

Audaxer wrote: »

What do you mean at least some funds would be redundant?

The point of funds is to diversify easily. If you have (say) five funds but 80% of their combined holdings are the same dozen blue chip companies then it was a wasted exercise; you may as well just buy a collection of individual stocks. It's the "Best-of Album" syndrome; you find a new favourite band, buy several compilation albums featuring them, and discover most of the good tracks are duplicates.

I've seen some super-minimalist portfolios comprising exactly three funds: one domestic, one rest of world, one bonds. In theory that should be all anyone really needs.