Does this sound like a 5 year plan ??

Audaxer

dunstonh wrote: »

Then you should consider using an IFA. IFAs come at a cost but the cost of an IFA and investing appropriately vs the cost of using cash over the long term needs to be considered. IFA cost will be tiny in comparison to the cost of using cash.

Fair point dunstonh, but would the IFA fee not be quite substantial in relation to an initial investment of only £25k? I seem to recall people being quoted fairly high percentage fees for relatively small investments.

While the OP could approach a few IFAs to have an initial meeting to get a quote on fees , I think it would be also be worth his while reading up a bit more on DIY investing before making a final decision about whether to go with an IFA.

bostonerimus

BOBS wrote: »

Just checking back on ! - thank you to all who have taken the time to post this morning. I have googled and read and read and nothing I can find reassures me that I could do S&S Isas or any of the other products you all mention. I would be way to scared as it all confuses me so much. Plus everything I research keeps telling me 'capital at risk'.
But I so so appreciate you all taking time.

Don't be intimidated; anyone can learn the basics of investing and they are all you need to be successful. First you should pay off all high interest debt (ie credit cards), then put 6 months of spending in the bank, then look at funding a pension....workplace if you have one, a SIPP if you don't, then look into S&S ISAs. Keep your initial investing to multi-asset tracker funds like the Vanguard Life Strategy line. Go over to

http://www.vanguard.co.uk

and have a look around. There are also many other web resources and books.

BOBS

JohnRo wrote: »

Forget all these investment questions BOBS, what's going on in that avatar?

Is it someone stroking the world's largest hedgehog?

It was a tree stump we found (in a forest near Windermere ) with coins in it. Thought appropriate to have as avatar for MSE!!