Choosing funds

TK87

Hi everyone. I've recently signed up for an S&S ISA with Cavendish online / fidelity and I'm looking for some suggestions for funds to invest in.

I have £1000 lump sum and will be looking at adding £100 per month as well. I'm 31 and looking at investing this money for a 10-15 year period.

Can anyone give any help or advice please? Thanks!

BLB53

I would suggest keep it simple. A globally diverse multi-asset fund like Vanguard Lifestrategy 80 or HSBC Global Strategy Dynamic should do the job.

Alexland

Is there any significant withdrawal event in 10-15 years time or is this really likely to be money invested until retirement in 25+ years time?

Alex

TK87

It will more than likely be money for retirement. The dream would be to retire at 60 with workplace pension kicking off at 67/8 or later (NHS worker - workplace pension linked to state pension age).

A_T

TK87 wrote: »

It will more than likely be money for retirement. The dream would be to retire at 60 with workplace pension kicking off at 67/8 or later (NHS worker - workplace pension linked to state pension age).

With 29 years until you touch it perhaps 100% equities with HSBC FTSE All-World Index fund or Vanguard FTSE Global All Cap Index fund.

chucknorris

TK87 wrote: »

It will more than likely be money for retirement. The dream would be to retire at 60 with workplace pension kicking off at 67/8 or later (NHS worker - workplace pension linked to state pension age).

You should also consider buying additional pension within the NHS pension scheme, I have bought the max allowed additional pension within the teachers pension fund. I considered it better value than my SIPP.

TK87

Can I ask (for my learning) why you may choose say the HSBC fund over the Vanguard fund?
Also, why would you choose the Vanguard 80 or 100 over say the 60? I assume this is due to risk vs reward and longer term improvements but with larger volatility?
I'm trying to understand better about different funds / assets etc.
Thanks for the help so far, it's all really helpful.

dunstonh

Hi everyone. I've recently signed up for an S&S ISA with Cavendish online / fidelity and I'm looking for some suggestions for funds to invest in.

Normally, you pick where you want to invest first and then choose the platform you are going to use.

Can I ask (for my learning) why you may choose say the HSBC fund over the Vanguard fund?

It depends on which one. However, in some cases, HSBC GS is better. In others VLS is better.

Also, why would you choose the Vanguard 80 or 100 over say the 60?

Attitude to risk. Capacity for loss. Investment behaviour.

TK87

I'd looked at the Vanguard LS funds previously as they're often mentioned on here, so I had an idea that they may be a good option. I'd also read about Cavendish Online and the amount that I was investing is small so they seemed the best choice financially. I also saw they had access to Vanguard and a decent number of funds, so it made sense. So there was some thought that went in to the choice of platform.

Lungboy

If it's for retirement you might be better off with a LISA.

justme111

chucknorris wrote: »

You should also consider buying additional pension within the NHS pension scheme, I have bought the max allowed additional pension within the teachers pension fund. I considered it better value than my SIPP.

Well since then the rates have gone up and the age from which one can access it has gone up; I don't think it is so good value anymore