Anyone recommend what to invest £70k in with stocks and shares

eskbanker

Mchambers wrote: »

I just want to make money with good investments. I got a VR package years ago, which I put into a SIPP to avoid paying tax.

Mchambers wrote: »

I have got a £70k SIPP with Hargreaves & Lansdown. Anyone please advise what recommendations to invest it into.

What has the £70K HL SIPP been invested in during that time? Did you choose investments yourself or were they advised?

bostonerimus

If you are an experienced investor why do you need advice? But I'll give you some anyway.
Forget the day trading, it's a great way to lose lots of money.

Pay off any high interest debt, keep 6 months spending in your bank account for emergencies and invest in a combo of a low cost global equity tracker and a global bond tracker.

Mchambers

bostonerimus wrote: »

If you are an experienced investor why do you need advice? But I'll give you some anyway.
Forget the day trading, it's a great way to lose lots of money.

Pay off any high interest debt, keep 6 months spending in your bank account for emergencies and invest in a combo of a low cost global equity tracker and a global bond tracker.

No debt to pay off; for example my mortgage and no other debts to pay. Pay credit cards in full each month, etc.

I have loads of savings, which means I have over 6 months spending already saved.

inflationbuster

Mchambers wrote: »

I am also about to start day-trading via my Halifax share-dealing account and will be investing £1k. This will be medium to high risk, Can anyone please advise what to do.

Day trading?? You won't have much success especially with a princely sum of £1K. Avoid day trading.

Put RBS in your watch list one large fine to go and it's recovery from there 2018 FY is going to go well for RBS. Add BP. as it's offering stonking yield along with VED.

Eco_Miser

Mchambers wrote: »

With regards day trading, I will elaborate, If see a bargain, say a share price suddenly drops, I may buy some.

That's not day trading, unless you sell again as soon as you see a profit. It could still be a good way of losing money though.

sevenhills

I have about £2000 invested in 'Interserve PLC', I bought before and on the day of the referendum, at around 250-333 they are now trading at 200

My view is they are a good buy now, as they cannot go any lower, lets hope

eskbanker

sevenhills wrote: »

I have about £2000 invested in 'Interserve PLC', I bought before and on the day of the referendum, at around 250-333 they are now trading at 200

My view is they are a good buy now, as they cannot go any lower, lets hope

And right there we have a neat precis of the dangers of day trading or insufficiently diversified investing, take your pick!

Although of course this may represent a tiny fraction of a portfolio and be disposable money that is suitable for gambling....

Mchambers

Thanks again people. I must say that RBS could be tempting and Barclays could be a good punt as I am sure that their share price could be going south soon.

bowlhead99

Mchambers wrote: »

Thanks again people. I must say that RBS could be tempting and Barclays could be a good punt as I am sure that their share price could be going south soon.

If you are "sure" that Barclays share price could be going south soon, why would be a good punt to buy it? Surely it would be one to avoid for now, based on your own projection, of its price going downwards? Why buy it?

Are you expecting us to give you a list of all the companies that could either "be worth buying now, or be worth buying when they are cheaper"? That surely encompasses every company on the stock exchange?

I'm confused by your train of thought.

In post #1 you said you are about to start day trading the princely sum of £1000. Day-trading means taking a position in a company and selling out once it has reached a target later that day. As most shares move in value by, on average, no more than about a percent on a typical day (£10 on £1000), and most platforms including Halifax will charge you £10+ to complete a buy and subsequent sell, plus £5 stamp duty on buying the £1000 of shares in the first place, you will generally be out of pocket, especially if the shares you buy are going down rather than up. And with only £1000 you couldn't afford more than one holding at once, unless you are doing much smaller value trades in which case the trading costs are significantly higher as a proportion of the invested money. And whether a share actually goes up or down in the timescale of one day, is generally a straight gamble, a coin toss.

Really you need about £50k, plus leverage, to make any money day trading, and it would still require a lot of luck.

If you are asking "can anyone please advise what to do", it means you do not know yourself what to do, and so taking your idea forward is reliant solely on luck and our suggestions, rather than your experience. Yet in response to people telling you to forget the idea, you say you are an experienced investor in stocks and shares? So, if you are experienced in investing in stocks and shares how is it that you want people to advise you what to do with a trivial £1000? Respectfully, it sounds like you haven't a clue. Which is why the idea is doomed.

Yes of course buying Barclays shares if they fall could be great, if they then quickly go back up, rather than keep going down. The same is true for any share. You don't know what each share will do next, so it is a gamble. "Betting" in this way is very difficult due to the high transaction fees and stamp duty which will erode your capital each time you buy an sell. You simply can't afford to do that daily as £10-£20 of transaction fees a day will consume your entire £1000 capital in two to four months, assuming you have only average luck and not bad luck in which case your losses will erode your capital much quicker.

You later elaborated that you won't literally be trading every day but watching the markets and grabbing bargains when you see them. But with £1000 it's all a bit 'eggs in one basket' because you can't afford a portfolio of bargains, only one, and you might buy at a point where a share that looks cheap then becomes a lot cheaper (i.e. loses you money from your entry point).

Mchambers wrote: »

I have got a £70k SIPP with Hargreaves & Lansdown. Anyone please advise what recommendations to invest it into. For info, you could class me as a medium risk investor.

On the £70k in the SIPP, if you are looking for medium risk (which I agree is interpreted differently by everyone and you haven't given us much to go on), the two investment trust portfolio suggested in post #2 by Drp is probably fine, though it doesn't offer full global coverage of all the major markets as it's driven by the investment managers' convictions and their desire to preserve capital rather than just going all out to increase it. I hold both of those in my portfolio as do my parents who are retired.

If you wanted a bit broader global coverage and to use some 'funds' rather than investment trusts (accepting that they cost you more in platform fees to hold them, if you stay with HL), I would suggest L&G Multi-index 5 which is a medium risk fund.

If you had, say, £30k in that fund you would pay £135 of platform fees per year and then you could put £20k each into the two aforementioned investment trusts incurring a further £45 total platform fees a year (the 0.45% annual charge from HL is capped at £45 on investment trusts) so it would be costing you £190 a year from HL for the lot, about 0.27% of your capital. You can find more competitive pricing than HL elsewhere but a couple of hundred quid a year won't break the bank if you're happy with the service offered.

badger09

Just marked rednaxelaJan's post as :spam:

But it did bring an unexpected lump to my throat, as Rednaxela Terrace is very close to my son's previous flat in Mid Levels Hong Kong, and we used to pass it regularly on our way to our favourite bar.

Sorry:o