When to make more baskets for your eggs

Jupiter55

Hi All

I have now opened accounts in Vanguard
pension
2030 account -
40/60 life
have put an initial £5k  into this  and am drip feeding money when I can, eg cant get to the hairdresser so that money goes in . 
isa is 20/80 account  £8k and again drip feeding when I can

have emergency money in marcus and other cash isas so I am not looking to take these monies out for ten years, ( or thats the plan)

I am low to medium risk therefore I have diversified . However today's question is - I am always reading do not put your eggs in one basket , so at what point would I open accounts with other folk ie HSBC to split risk amid other agencies.

I am aware my numbers will be really low for some folk and they will be wondering why I am asking for such low amounts. However, its all learning for me 

cheers

Thrugelmir

No need to diversify further given the sums you currently have invested. 

Jupiter55

Thanks very much for your answer Thrugelmir

Albermarle

The funds you are invested in have a lot of other funds and investments within them , so you are already well diversified .
If you mean that should you also have investments with other companies other than Vanguard, then I would not worry about that .

Jupiter55

Thanks Albermarie, I think it was a bit of both to be honest

once again thanks for your answers

Eco_Miser

As said, the funds are already well diversified.
When you get to £85,000 (the FSCS limit) you might want to diversify to another platform, but in practice, since you are the beneficial owner of he funds held by the platform's nominee, you are unlikely to lose anything with a holding up to around £800,000. See the SVS thread for detailed discussions on what happens when a platform/broker fails.

Jupiter55

HI Eco-Miser

thanks so much for taking the time to reply , its much appreciated