We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Sipp
igg59
Posts: 23 Forumite
hi have just transferred a small pot 30k to hl sipp .
what would be the maximum amount of fund to invest in.thanx
what would be the maximum amount of fund to invest in.thanx
0
Comments
-
hi have just transferred a small pot 30k to hl sipp .
what would be the maximum amount of fund to invest in.thanx
Not sure if I follow the question as you mean it. If you have placed £30k in the pension then £30k is what you can invest.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
sorry i meant how many funds should i spread my 30k over0
-
sorry i meant how many funds should i spread my 30k over
With that amount, just one would do the job. A simple multi-asset fund.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
sorry i meant how many funds should i spread my 30k over
Depends on how you want to run your portfolio. Just 1 is perfectly reasonable for a good multi asset fund where the fund chooses a wide range of different areas to invest in. There are a number of such funds available with different risk/returns. No work for you to do, just leave it to do its job.
On the other hand with more experience you may want to create your own portfolio from more basic building blocks. For £30K I suggest you dont have more than say 5-6 funds investing in different areas as an absolute maximum. Too many and the effort of managing them may not be worthwhile in absolute £ terms.0 -
If it was a multi asset fund then 1 would do the job. If you are trying to build a portfolio from non multi asset funds then generally 7 or 8 are considered the No to cover all you need.
The amount you have is really too small to spread around this No of funds so multi asset is probably the way to go.0 -
Like other posters here, I would spread it over one fund
0 -
And the whay you have phrased this question brings to mind why you have chosen a pension meant in general for experienced investors?
I agree with most above. A global multi asset fund esp if you will be adding to it.
If you want it to provide income, and are planning on drawdown sooner rather than laater i'd look at income funds/trusts0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards