s&s isa advise please

badger09

The_Doc wrote: »

Yep, thanks for the correction.

No problem.

In the past, posters have often used the name Lifestyle, when they meant Lifestrategy. Sometimes they would be corrected, but most of the time nobody bothered because most people knew the product they were referring to.

Then, in 2016 IIRC, Vanguard introduced their Targeted Retirement Funds to the UK. These funds are 'Lifestyling' products, whereas the Lifestrategy funds are not, hence I thought it important to correct.

Hope I haven't added to the confusion:p

Other global multi asset funds are available:)

ossie48

HRT_dependant wrote: »

good morning all

my 25yr old son wants to save 500 per month in a stocks and shares isa looking at long team 10 years +
he has very little knowledge of investment and we are the same,
he wants something he can leave and not have to worry about.
he has been looking at nutmeg on a medium risk.
I just wanted to check there was not anything better before he signs up.
thank you

I used Vanguard to tip my toe in the Investment waters.

https://www.vanguardinvestor.co.uk/

I have a VLS 60 stocks and shares ISA and opened two general accounts (VLS60 and VLS40)

As a newbie Investor I found the site easy to use. I also rang them and the customer service was excellent. The fact my investment reduced by £1000 virtually overnight due to the recent correction was slightly interesting however like your son its for the long term so took it on the chin and things are recovering now.

Someone will pop along and say something else is better I dare say and it probably is but I feel its a decent place to start to get your foot on the ladder.

enthusiasticsaver

It is difficult to say if one fund is better than another. The Vanguard Lifestrategy funds are popular on here, you can choose your level of volatility according to your risk profile, they are well diversified and low charges. I don't know anything about the Nutmeg platform though as I use Halifax and have an VLS60 but I am 58 so older than your son. The younger he is the more equities he may wish to have in it but it depends on how ok he would be with it going up and down by sometimes 20% or 30%. Before doing it he should research it by reading articles on Monevator, Morning star and Trustfund which are good places to find out about different funds.

Has your son investigated whether it is worth overpaying into his pension first before going the stocks and shares isa route or is 10 years as much as he wants to commit too? Obviously he cannot get it out of his pension until 55 at the moment and that could increase by the time he gets to retirement age.

ValiantSon

enthusiasticsaver wrote: »

It is difficult to say if one fund is better than another. The Vanguard Lifestrategy funds are popular on here, you can choose your level of volatility according to your risk profile, they are well diversified and low charges. I don't know anything about the Nutmeg platform though as I use Halifax and have an VLS60 but I am 58 so older than your son. The younger he is the more equities he may wish to have in it but it depends on how ok he would be with it going up and down by sometimes 20% or 30%. Before doing it he should research it by reading articles on Monevator, Morning star and Trustfund which are good places to find out about different funds.

For the benefit of the OP, that should be Trustnet.

Oh, to have a trust fund!

HRT_dependant

thank you for all your advise

he has decided on

50% vgls 80
50% vgls 60

is it best to go through them direct or go through a company ie HL

sorry for all the questions but we are very novice at this an its a big step for him

many thanks

Eco_Miser

Vanguard will be the cheapest platform until he is paying over £60 a year in fees. At that point Iweb may become cheaper.