ISA..

Tim_w

Hi 
Any advice welcome!
Im new to investing but trying to get a better return than 1.5% in a cash isa.I’ve put this years allowance (£20.000) in HL, but not picked my Investments yet!!thinking of a stocks and shares Portfolio+ as I’m not very confident at knowing what I’m doing!!,,my plan is to invest £20.000 every year, till it gets to 100.000+ witch will  be in 4 years time to generate an income Stream of roughly 5% plus. I’m thinking of going for income over accumulation as I’m investing to the max in the next 4 years. After 5 April will invest again but with a different platform, Possibly Vanguard!! Any thoughts welcome. Cheers. (Age 55).

eskbanker

Difficult to offer any comment without more knowledge of your broader financial circumstances, e.g. what is your pension situation?  What other assets do you have, i.e. savings, properties, etc?  How much of that is readily accessible?  Income, employment status, health, family, etc....

Assuming investment is actually sensible for you, what is your attitude to risk?  In order to draw down 5% income from a lump sum, that'll entail a fair bit of risk....