having a dabble

bargainhunter888

Thrugelmir said:

bargainhunter888 said:

ColdIron said:

On tiny amounts such as £50 I wouldn't bother, it really isn't going to make any difference. Probably not what you want to hear but it is the fact of the matter

Everyone has to start somewhere...is everyone saving thousands a month on this forum because it certainly sounds like it 

Portfolios start with humble beginnings. Mine started with £10 a month into a pension plan two months after I first started work. Compounding of returns isn't anything magical. Over the years it rolls like a snowball. Bigger and bigger. The longer you leave it untouched the better. 

That was my point that £50 a month is a good start and i wish i started earlier, but it feels like OP being berated for trying to concentrate some of his deposits into certain funds as that it's insignificant....

Thrugelmir

bargainhunter888 said:

Thrugelmir said:

bargainhunter888 said:

ColdIron said:

On tiny amounts such as £50 I wouldn't bother, it really isn't going to make any difference. Probably not what you want to hear but it is the fact of the matter

Everyone has to start somewhere...is everyone saving thousands a month on this forum because it certainly sounds like it 

Portfolios start with humble beginnings. Mine started with £10 a month into a pension plan two months after I first started work. Compounding of returns isn't anything magical. Over the years it rolls like a snowball. Bigger and bigger. The longer you leave it untouched the better. 

That was my point that £50 a month is a good start and i wish i started earlier, but it feels like OP being berated for trying to concentrate some of his deposits into certain funds as that it's insignificant....

There's a tendancy to tinker in the hope of generating better returns. Building a portfolio is akin to watching paint dry. More recent years appear to have changed investing culture. Not for the better I should add. Expectations have been greatly raised with complacency prevalent. 

Alistair31

bargainhunter888 said:

Thrugelmir said:

bargainhunter888 said:

ColdIron said:

On tiny amounts such as £50 I wouldn't bother, it really isn't going to make any difference. Probably not what you want to hear but it is the fact of the matter

Everyone has to start somewhere...is everyone saving thousands a month on this forum because it certainly sounds like it 

Portfolios start with humble beginnings. Mine started with £10 a month into a pension plan two months after I first started work. Compounding of returns isn't anything magical. Over the years it rolls like a snowball. Bigger and bigger. The longer you leave it untouched the better. 

That was my point that £50 a month is a good start and i wish i started earlier, but it feels like OP being berated for trying to concentrate some of his deposits into certain funds as that it's insignificant....

More like tough love if you ask me. 

Sailtheworld

Thrugelmir said:

dd95 said:

thanks coldiron, any feedback (positive or not) is more than welcomed. Would you therefore suggest putting the extra 50 in my vls80?

Until it's reasonable size then yes. Diversify once you've established a core to your portfolio. 

Buying into sector specific funds is concentrating rather than diversifying.

Agree with the point though. By the time the OP has built up a decent sized diversified fund they might have answered the question about whether they have the foresight to spot sectors that are about to perform well ahead of the market spotting them.

MaxiRobriguez

bargainhunter888 said:

Thrugelmir said:

bargainhunter888 said:

ColdIron said:

On tiny amounts such as £50 I wouldn't bother, it really isn't going to make any difference. Probably not what you want to hear but it is the fact of the matter

Everyone has to start somewhere...is everyone saving thousands a month on this forum because it certainly sounds like it 

Portfolios start with humble beginnings. Mine started with £10 a month into a pension plan two months after I first started work. Compounding of returns isn't anything magical. Over the years it rolls like a snowball. Bigger and bigger. The longer you leave it untouched the better. 

That was my point that £50 a month is a good start and i wish i started earlier, but it feels like OP being berated for trying to concentrate some of his deposits into certain funds as that it's insignificant....

Not at all.

I'm whacking £2k a month into my pension pot and for all intents and purposes it's pretty much the same as a VLS100.

My pot aint big enough to get into sectors yet. 

Alexland

Maybe as an investor it might help to make a few mistakes early with small amounts of money to stop you making them later with bigger amounts of money. There's a limit to how much you learn from book knowledge or just being put on the right path at the outset.

bargainhunter888

MaxiRobriguez said:

bargainhunter888 said:

Thrugelmir said:

bargainhunter888 said:

ColdIron said:

On tiny amounts such as £50 I wouldn't bother, it really isn't going to make any difference. Probably not what you want to hear but it is the fact of the matter

Everyone has to start somewhere...is everyone saving thousands a month on this forum because it certainly sounds like it 

Portfolios start with humble beginnings. Mine started with £10 a month into a pension plan two months after I first started work. Compounding of returns isn't anything magical. Over the years it rolls like a snowball. Bigger and bigger. The longer you leave it untouched the better. 

That was my point that £50 a month is a good start and i wish i started earlier, but it feels like OP being berated for trying to concentrate some of his deposits into certain funds as that it's insignificant....

Not at all.

I'm whacking £2k a month into my pension pot and for all intents and purposes it's pretty much the same as a VLS100.

My pot aint big enough to get into sectors yet. 

£2k / mnth :O you''ll have a nice retirement! more that what most people earn 

dd95

so the general consensus then is to build up a decent sized (circa 100k) main global tracker pot and once that is at a decent size look at putting smaller amounts into more risky specific funds?

out of interest, what was everyone's journey like? what did you branch out into away from your global indexes (if at all) and why?

Durban

Alexland said:

Maybe as an investor it might help to make a few mistakes early with small amounts of money to stop you making them later with bigger amounts of money. There's a limit to how much you learn from book knowledge or just being put on the right path at the outset.

Alexland said:

Maybe as an investor it might help to make a few mistakes early with small amounts of money to stop you making them later with bigger amounts of money. There's a limit to how much you learn from book knowledge or just being put on the right path at the outset.

Definitely - I made mistakes early on thinking I was clever and dabbling in individual shares.
I learnt my expensive lesson.
Now it is mostly VLS etc

However , I have just bought some Carnival shares when they were at around £8.90

Alexland

Yes sometimes you need to make the same mistakes twice for it to sink in....