passive investing

bradqwer

Hey guys passive investing assuming one has a back up fund in case of life mess ups what would be the best solid advice and place to start?

We assume the person is in a sound situation, is in mid 30's and doesn't mind risk as its long term 10+ years

Alexland

The best way to start is usually by investing very long term for retirement using a tax advantaged Pension and/or Lifetime ISA wrapper.

Do you have pension(s) and are you on target to generate sufficient retirement income to meet your needs from your chosen retirement age?

What other financial objectives might you have?

Alex

OldMusicGuy

Best places to start - Monevator website and "DIY Simple Investing: A Guide to Simple but Effective Low Cost Investing" by John Edwards.

bradqwer

OldMusicGuy wrote: »

Best places to start - Monevator website and "DIY Simple Investing: A Guide to Simple but Effective Low Cost Investing" by John Edwards.

Would I fund like the vanguard series be ideal?

Alexland

Maybe but you haven't shared your objectives with us. It might be totally unsuitable.

Alex

ColdIron

bradqwer wrote: »

Ok so please bear with me on this simplistic spin I'm going to try put on this I am 38 never saved a penny in my life and intend to start in 2019

Most people would agree that building adequate cash savings would be a priority over investments

bradqwer

Alexland wrote: »

Maybe but you haven't shared your objectives with us. It might be totally unsuitable.

Alex

Sorry I thought I had replied to your previous response.

Currently I am working with family, I have money saved aside for crisis situations and I pay into a private pension that SHOULD give me a desirable income if i ever reach that age.

What I'm looking for is some form of fund that I dont have to spend hours looking at breakdowns etc and worry about it having the right % of eq versus bonds etc etc

Just something I can chuck my money at on a monthly basis, that has a decent risk vs reward that I can look at every six months and hopefully see some growth no matter how small.

As fool hardy as it sounds the money wouldnt be missed and would be long term so a high risk with good upside would be interesting.

NOT saying I would want it to go tits up but hopefully you get the gist of my approach

bradqwer

ColdIron wrote: »

Most people would agree that building adequate cash savings would be a priority over investments

Sorry this is not the case as I had a small win on a scratch card and now have a beck up fund

Alexland

You might have replied (ColdIron is quoting a message I can't see) so something odd is going on.

To help us understand your volatility tolerance what is the maximum percentage loss you are willing to see in a market crash? 25% 50% etc. Would it be ok if it took many years to recover?

Alex

bradqwer

Alexland wrote: »

You might have replied (ColdIron is quoting a message I can't see) so something odd is going on.

To help us understand your volatility tolerance what is the maximum percentage loss you are willing to see in a market crash? 25% 50% etc. Would it be ok if it took many years to recover?

Alex

Ah the quoted msg was a thread a started a while back when I didn't have the lil win on the scratch card its only small nothing major.

As for your question ideally id not want to lose more than 25% but i plan to hold this for at least 10-15 years when I will be 50ish and them start moving it into more bonds vs Equity

Hope this helps

ColdIron

Alexland wrote: »

You might have replied (ColdIron is quoting a message I can't see) so something odd is going on.

Click the close angle bracket icon to the right of 'Originally Posted by bradqwer '

https://forums.moneysavingexpert.com/discussion/comment/75153334#Comment_75153334