Complete Novice wanting to invest

dinono10

I will put in by DD £25 each money into the account as advised:beer: Thanks guys


With the future in mind, what is the likelihood of the LS80 making me some profit, say in 20 years time. Or at least turn into a good asset? I am aware obviously with investing it is a risk game, however I wanted to ask.

barginfinder

dinono10 wrote: »

I will put in by DD £25 each money into the account as advised:beer: Thanks guys


With the future in mind, what is the likelihood of the LS80 making me some profit, say in 20 years time. Or at least turn into a good asset? I am aware obviously with investing it is a risk game, however I wanted to ask.

no one can predict the future, but if this doesn't make a decent profit over the years then neither will much else - all of my historic investments have shown decent returns to date, some better than others but all better than leaving it in the bank, use banks for short term saving and emergency funds - and investments for the long term - that's my advice anyway

dinono10

barginfinder wrote: »

no one can predict the future, but if this doesn't make a decent profit over the years then neither will much else - all of my historic investments have shown decent returns to date, some better than others but all better than leaving it in the bank, use banks for short term saving and emergency funds - and investments for the long term - that's my advice anyway

Thank you that is what I wanted to hear. It is an investment for the future. I do have a saving fund and an ISA for now, if need be. Thanks again:j

Clive_Woody

dinono10 wrote: »

I will put in by DD £25 each money into the account as advised:beer: Thanks guys


With the future in mind, what is the likelihood of the LS80 making me some profit, say in 20 years time. Or at least turn into a good asset? I am aware obviously with investing it is a risk game, however I wanted to ask.

I just had a look and it looks like the minimum monthly DD with Vanguard LifeStrategy is £100 per month (minimum of £500 for single payments).

JohnRo

Dean, for a genuine long term investment alongside cash assets you should consider taking on more risk imho. Assuming you've settled on Vanguard, there's nothing wrong with investing in VLS80 or even VLS100 for a thirty year plus horizon.

The big question imho is whether, as a new investor, you're nervous about short term volatility and won't cope with seeing your hard earned investment contributions delivering red numbers and what could and almost certainly will be stomach churning falls in the valuation from time to time.

You'll need to be honest with yourself about that and won't really know until it happens for real anyway but it's worth asking yourself those questions honestly because sleepless nights are a very bad thing and so is panic selling.

However if you accept that's the nature of investing in the markets and stay the course, continue your investment plan undaunted and don't suffer the inducement to start panic selling if things aren't going well, you'll almost certainly come out the other side a much wealthier chap.

dinono10

JohnRo wrote: »

Dean, for a genuine long term investment alongside cash assets you should consider taking on more risk imho. Assuming you've settled on Vanguard, there's nothing wrong with investing in VLS80 or even VLS100 for a thirty year plus horizon.

The big question imho is whether, as a new investor, you're nervous about short term volatility and won't cope with seeing your hard earned investment contributions delivering red numbers and what could and almost certainly will be stomach churning falls in the valuation from time to time.

You'll need to be honest with yourself about that and won't really know until it happens for real anyway but it's worth asking yourself those questions honestly because sleepless nights are a very bad thing and so is panic selling.

However if you accept that's the nature of investing in the markets and stay the course, continue your investment plan undaunted and don't suffer the inducement to start panic selling if things aren't going well, you'll almost certainly come out the other side a much wealthier chap.

Thank you for the advice John ro, very sound advice too. I settled on the LS80 in the end, the way I see it, it is £500 which I can make back in 3-4 guests staying at my apartment via Airbnb. I could buy a new TV etc with the money however I would rather invest it. Like you said, things could well go Pete Tong, to be honest I won't be too stressed and make panic decisions, because taking a risk is something we all have to do sometimes. I'd rather take a risk and fail then say what if.

It's just something I wanted to do for my future and to be honest I wish I had it done it a long time ago. However, it is better now than never. Not many of friends invest at all and I think it is a sensible thing to do with the earnings from work. In due time, I will look more into investing and studying stocks but for now, the LS seems perfect for a beginner such as myself.

chelseablue

I've got the VLS 100. Its with Hargreaves Lansdown and at the moment I just pay in the minimum £25 a month.
When my son goes to school next year and the childcare bill goes down I'll be increasing it to £100 a month.

I'm thinking of dropping down to the VLS 80 but undecided

fiisch

I already bank with Halifax, am also a newbie, and have considered this option - I had already opened a Moneyfarm account before I learned of the joys of Vanguard..!!


I'm around 3% up since April with around £2k invested - is it worth making the switch or should I persevere with the robo-investor route?


I know there isn't necessarily a hard and fast answer, but it seems many posters on here prefer the VG option?


I am 30, young family, high-tax earner, and my savings goals are longish term - I am saving for a rainy day, although potentially will be dipping into these funds in 10 years (school fees).

Kernel_Sanders

Is everyone assuming the OP has his fill of the 3%+ current accounts on offer, or do they consider such guaranteed returns too small?

dinono10 wrote: »

... on top of airbnb so when I move out back to my flat I should be fine.

Do you realize that when you sell your flat, a proportion of any profit will be assessable for CGT even though it's the only property you own? Also, did you change your mortgage to a buy-to-let or gain the mortgagee's permission to let?

dinono10

Kernel_Sanders wrote: »

Is everyone assuming the OP has his fill of the 3%+ current accounts on offer, or do they consider such guaranteed returns too small?

Do you realize that when you sell your flat, a proportion of any profit will be assessable for CGT even though it's the only property you own? Also, did you change your mortgage to a buy-to-let or gain the mortgagee's permission to let?

I only do it maybe a few weekends a month as I am staying with my mum and at my flat. Kind of 50/50 so I haven't made them aware as of yet as I only have started doing it.