Complete Novice wanting to invest

AnotherJoe

AlanP wrote: »

Not if your "needs" are for something Vanguard does not offer they won't - bricks & mortar commercial property for instance, or commodities.

These may not be the OP's "needs" at the moment but they might be one day, Vanguard aren't the answer to every question in every situation.

Well then, when that day comes they can look elsewhere to top up. For now, someone like Vanguard, L&g, HSBC, global funds would be a better bet than pork bellies or oil futures.

AlanP_2

AnotherJoe wrote: »

Well then, when that day comes they can look elsewhere to top up. For now, someone like Vanguard, L&g, HSBC, global funds would be a better bet than pork bellies or oil futures.

Totally agree they are all sensible choices. The difference between your response and the one I replied to is that you include L&G, HSBC and "other" global funds. I was making the point that "Vanguard" are not the answer in every situation for every person and that they don't do everything and that there are alternatives.

dinono10

I read on the monevator website that at my age (35) it recommends the lifestrategy for me. I will invest £500 the minimum and pay by dd into the account £198. This is a little bit steep for me every-month. Hence, I am leaning towards the LS60 or even the LS40.

I am not in a rush to access the money, its just so some of the extra income I am getting can go towards buying some assets for 20+ years time.

Does this sound like a good option? Reading alot online Vanguard LS seems ideal for someone like me who isn't in the know and doesn't want to regularly check on stocks and shares.

bostonerimus

dinono10 wrote: »

With Vanguard, is that good for a beginner like myself?

Yes Vanguard is good for a beginner. You will only be able to buy Vanguard funds, but I believe that is a good thing for a beginner as it stops you from getting confused or paralyzed by the ridiculous number of funds available on many platforms.

dinono10

I'm hoping the LS60, is it a good option for someone like me with my needs? Any other opinions please guys.

Eco_Miser

dinono10 wrote: »

I will invest £500 the minimum and pay by dd into the account £198. This is a little bit steep for me every-month. Hence, I am leaning towards the LS60 or even the LS40.

I'm sorry, but I don't understand this at all. Why £198 if that is too steep for you? Why does that lean you towards the LS60 or even the LS40?

bostonerimus

AlanP wrote: »

Totally agree they are all sensible choices. The difference between your response and the one I replied to is that you include L&G, HSBC and "other" global funds. I was making the point that "Vanguard" are not the answer in every situation for every person and that they don't do everything and that there are alternatives.

All good choices, but the OP mentions Vanguard in their post and that would be a fine choice so why complicate matters with other funds or platforms when the OP as come up with a pretty good selection on their own.

HSBC, L&G, Fidelity, Vanguard etc all have good low cost funds so any of them would be ok. Actually starting to investing is the most important thing.

dinono10

The reason being. Unfortunately my father passed away earlier this year. I have moved back home to look after my mum. Whilst doing this, I have been renting my flat on airbnb.

I have 2 jobs on top of that however I don't expect to live at home with my mum forever which means when I move back to my flat. I don't want to struggle with my mortgage /bills etc and on top of that vanguard. This is why I am asking for advice and help. I want to invest however I need to get the balance right for my needs.

bostonerimus

dinono10 wrote: »

I'm hoping the LS60, is it a good option for someone like me with my needs? Any other opinions please guys.

You haven't really told us enough to comment and also your own attitude to risk is important. Here is a questionnaire on the US Vanguard site (I'm sure you can find others) that will help you assess the ratio of bonds to stocks that might be appropriate and then you should go back a look at VLSxx. Take the time to look at the funds that are included in the VLSxx your choose and find out why they are included in those particular amounts. If you don't like VLSxx for any reason you can make up your own portfolio using individual funds.

https://personal.vanguard.com/us/FundsInvQuestionnaire

Linton

dinono10 wrote: »

The reason being. Unfortunately my father passed away earlier this year. I have moved back home to look after my mum. Whilst doing this, I have been renting my flat on airbnb.

I have 2 jobs on top of that however I don't expect to live at home with my mum forever which means when I move back to my flat. I don't want to struggle with my mortgage /bills etc and on top of that vanguard. This is why I am asking for advice and help. I want to invest however I need to get the balance right for my needs.

Which version of VLS you choose doesnt make any difference to how much you can invest, We cant see why you link the two.