Review my stocks and shares ISA

Ray_Singh-Blue

economic wrote: »

You could be average when the average market tanks and thus you probably won’t meet your goals if it’s consistently like this.

Do you mean a consistently tanking market, over an investor's lifetime? A kind of unwinding of all the global prosperity gains of the 20th century? Think I'd execute plan B... move the goalposts!

economic

Ray_Singh-Blue wrote: »

Do you mean a consistently tanking market, over an investor's lifetime? A kind of unwinding of all the global prosperity gains of the 20th century? Think I'd execute plan B... move the goalposts!

No sorry tanking is a bit of a strong word. i mean the general stock market falling in real terms over a long period of time.

Thrugelmir

Ray_Singh-Blue wrote: »

Every trade has a winner and a loser

Why does every trade have a winner and a loser?

bostonerimus

Thrugelmir wrote: »

Why does every trade have a winner and a loser?

Good point. Selling your labour for wages would hopefully see the employer and the employee both benefit. Also I just paid for a new dresser; the carpenter wants my money and I want his dresser..........win win.

bostonerimus

firestone wrote: »

not mentioned much but IT's may give you some dividends which you seem to like with a UK,Asia or Global etc outlook and even property or you could go for growth.As mentioned with your age things like Tech or Bio Tech could be a play or something like the old favorite Scottish Mortgage which tends to take a more long term risky approach

Buying ITs without understanding the quirks of their structure can be dangerous. Think on Woodford Patient Capital IT.

bostonerimus

sixpence. wrote: »

Can you embellish a bit on what a simple muti-asset fund portfolio is?

Yeah, I'm a bit of a lost fish doing research and just trying to make this work out. Funds seem to be the way forward.

I was told by my dad to invest in individual stock utilities early on. Always question your parents, folks. Should have done funds sooner I recon.

Well, for an old and possibly retired person utilities have always been popular. Solid dividends, but not exactly dynamic. They are great for income, but at 28 you need growth. They could be a solid foundation, but should not be your focus.

I would read a few personal finance books and take a look at here

https://www.bogleheads.org/wiki/Main_Page

Then google "multi-asset funds", Vanguard, Blackrock etc all sell them These will give you an inexpensive and simple way to own a diverse range of stocks and bonds. Once you fully understand these then look at the different styles of investing; active, passive, hybrid......the I don't know what I'm doing so I'll just guess method or even worse the "manger was good in the past so I'll bet that they are good in the future" approach. etc.

bostonerimus

economic wrote: »

Average is only good if the returns beat inflation. You could be average when the average market tanks and thus you probably won’t meet your goals if it’s consistently like this.

We are all tilting at windmills to some extent.

When I began investing in the late 1980s the only thing I knew was that I was pretty ignorant so I read some books and looked at previous markets and I decided that I wanted to maximize the probability that I'd be successful at investing, so beating inflation and saving a big pension pot. I learned that certain asset allocations gave a good balance of risk and return in all combinations of historical stock and bond markets and so as I did not know the future I decided my best chance was to use historical data to guide my asset allocation. I also decided a passive indexing approach would give the best chance for the markets to work their statistical magic without the compounding drag of excess fees.

sixpence.

Thanks a lot. Is a Multi Asset fund the same as a multi-manager fund? If so have looked into them and might do a bit more.

If anyone has any book recommendations please do throw them at me

I suppose I'll keep what I have and add to it with a focus on growth funds and trackers.

bostonerimus

sixpence. wrote: »

Thanks a lot. Is a Multi Asset fund the same as a multi-manager fund? If so have looked into them and might do a bit more.

If anyone has any book recommendations please do throw them at me

I suppose I'll keep what I have and add to it with a focus on growth funds and trackers.

assets are different from managers so the answer to your question is "no". A simple google of the term will provide a clear definition.

Eco_Miser

There's an existing thread on recommended books at
https://forums.moneysavingexpert.com/discussion/5043692

Also look at Monevator and other blogs.