How to invest £2k today?

Mickygg

Why the rush OP?
Take it step by step. No one here can tell you what best funds to invest in.
What is your long or short term goal? What is your attitude to risk? Are you an income or growth seeker? Do you want manage or passive funds? Do you even want funds? Do you want to cherry pick shares? Do you want to diversify?
So many questions I know but investing should only happen when a minimum of the above is known.
Stick into a global fund if you don’t know. Vanguard lifestrategy with equity % depending on your attitude to risk.

foxreymann

dealer_wins wrote: »

For a sizeable investment such as yours its worth seeing an IFA. He will look at the best and most tax efficient way to achieve your financial goals. By what you have said it could well include pension related investments etc .

Thank you but I'm a bit paranoid and prefer to educate educate educate rather than be dependent on IFA. First £74.2 will be invested in next months in ISA wrapper, so tax efficient. I'm also looking into workplace pension and SIPP, but this is a different topic so I prefer not to touch it here.

scalextric wrote: »

Why not just put small amounts into a few funds to try and get some experience?

Splitting £2k into 4 funds. Smart. But choosing one is enough of a challenge for me. Also that would increase trade costs.

masonic wrote: »

Some options to evaluate and consider...

Vanguard Lifestrategy
L&G Multi-index
iShares Core MSCI World ETF

Some background reading: https://monevator.com/category/investing/passive-investing-investing/
Perhaps it is fortunate that markets are closed and you have the weekend ahead of you.

Thank you masonic. You're really the best. I will look into these 3 funds and read the linked article.

foxreymann

Mickygg wrote: »

No one here can tell you what best funds to invest in.

But surely there is plenty people more qualified to choose a right fund for my Monday morning investment than me.

Mickygg wrote: »

What is your long or short term goal?

Have enough cash to be able to achieve comfortable life with only passive investment w/o active work. As quickly as possible.

Mickygg wrote: »

What is your attitude to risk?

No risk, no gain. I don't have kids to feed.

Twice I've packed all my stuff into a car and moved into a different country. I've moved to Nehterlands not speaking Dutch and with very bad English. And I'm still alive and well.

I went to Hull and bought two houses trusting strangers to renovate and let them. And in the end earned monies doing it..

Mickygg wrote: »

Are you an income or growth seeker?

Growth.

Mickygg wrote: »

Do you want manage or passive funds?

Whatever will help me to achieve my goals.

Mickygg wrote: »

Do you even want funds?

Whatever will help me to achieve my goals.

Mickygg wrote: »

Do you want to cherry pick shares?

I would love to. Great fun. But all research shows that share picking would surely end up in my loosing all my monies. So NO.

Mickygg wrote: »

Do you want to diversify?

As much as possible. I'm not happy with my financial future depending on UKs economy and government ATM and would love to invest as much as possible outside UK. In the end I'm just an unwanted immigrant here.

scalextric

It depends who you buy it through, it might not increase trade costs. I just spend 2 grand yesterday and put it into 2 different Vanguard Lifestratagey accounts and 2 other funds, I am just starting out but I wanted to put money into these to try out and see how things go before investing further money. Putting money in the 4 didnt cost me anything extra than if I put it in just 1.

scalextric

"But surely there is plenty people more qualified to choose a right fund for my Monday morning investment than me."


You will truse advice on here but not the advice of an IFA? Can I ask why?

AnotherJoe

foxreymann wrote: »

cloud_got, Yes, I'm confused, hence investing only £2k/weekly for now.

AnotherJoe, pure fantasy? Not, just my financial situation. Nothing fantastic in it unluckily. Looking for a serious advice.

My advice was serious. You can buy all those companies and commodities I mentioned (the ones you said you ycouldn't) and my tip was serious as well and it's a Chinese company so meets your wish to not invest ina U.K. or US company.

AnotherJoe

foxreymann wrote: »

But all research shows that share picking would surely end up in my loosing all my monies. So NO.
.

Why then did you mention a list of companies and commodities you seemingly were interested in buying, which would of course be share picking ?

foxreymann wrote: »

I'm not happy with my financial future depending on UKs economy and government ATM and would love to invest as much as possible outside UK. In the end I'm just an unwanted immigrant here.

There are plenty of low cost global trackers which are "ex U.K." which means no U.K. companies. I have a couple myself. Or you could select several similar trackers for specific sectors such as s developing world, Asia, Russia Latin America, India, whatever, to omit or reduce US investments..

foxreymann

AnotherJoe wrote: »

My advice was serious. You can buy all those companies and commodities I mentioned (the ones you said you ycouldn't) and my tip was serious as well and it's a Chinese company so meets your wish to not invest ina U.K. or US company.

I'm sorry. It was hard to understand if you're serious.

I can't find BYD (BYDDY) in iWeb https://www.markets.iweb-sharedealing.co.uk/investments-search/?term=byddy. I can only open one S&S ISA this year so I'm stuck with them till 5ht of April

londoninvestor

AnotherJoe wrote: »

There are plenty of low cost global trackers which are "ex U.K." which means no U.K. companies.

And if a global fund isn't specifically "ex-UK" , but is market-cap weighted - e.g. HSBC FTSE All World, or the MSCI World tracker that masonic mentioned, then it won't have more than about 5% in the UK.

(And of that 5% allocation, a substantial chunk will represent businesses that are listed in London without really operating out of the UK; and also businesses that are headquartered here but heavily global in their operations.)

foxreymann

AnotherJoe wrote: »

Why then did you mention a list of companies and commodities you seemingly were interested in buying, which would of course be share picking ?

I was just showing my confusion with only small amount to world's stock being available via S&S ISA platforms that I've checked. Lets forget it. It was my mistake.

AnotherJoe wrote: »

There are plenty of low cost global trackers which are "ex U.K." which means no U.K. companies. I have a couple myself. Or you could select several similar trackers for specific sectors such as s developing world, Asia, Russia Latin America, India, whatever, to omit or reduce US investments..

Yes, following masonic advice I'm looking at iShares Core MSCI World ETF USD Acc (SWDA) https://www.markets.iweb-sharedealing.co.uk/share-centre/etfs/detail/SWDA/IE00B4L5Y983/0P0000LZZD Although everybody is talking about Vanguard Lifestrategy so I will probably go with one of them. Have no clue witch one yet.