Buying shares question from novice investor

cloud_dog

novice_investor wrote: »

Yes, I think I might need to rethink the £1000 thanks to the advice on here and up it to perhaps £1k per investment. Thanks for the Fund recommendation, will look into it.

I think you said that you already had gold and palladium ETF investments. I wouldn't go for the PM basket as well as your existing holdings (but then I don't really know the scale / shape of your portfolio). Possibly consider switching the individual ETFs in PMs in to the basket offering.

ETF Securities also offer a Industrial Metals ETF (Cu, Al, Zn, and Ni).

Just like to comment that I am only going down the very specific road of discovery with you as it sounds as though you already have a reasonable portfolio of investments managed by an IFA already so, these other 'niche' / high risk investments are likely acceptable in the bigger scheme of things.

Audaxer

novice_investor wrote: »

Possibly 5-10 different shares. I would hold them longterm 10-20 years if possible. Most of them are precious metal miners and industrial/technology/energy companies. I'm in the process of compiling a list.

I am already invested in a Gold ETF and a Palladium one via my ISA but am interested in specific mining companies and I'm not sure if there is an ETF that covers different metals (they all seem to cover one type of metal) or perhaps I am just reading the information incorrectly?

Thanks for answering. It sounds a risky strategy for a novice investor, but I hope it works out for you.