multiple ISA accounts

barnstar2077

csgohan4 said:

ColdIron said:

You wouldn't open a new ISA, you would just add to the one you already have each year

Thanks for the clarifying, wasn't clear on my reading if you could to the exisiting one, now I got to find a low fee platform to use.  Makes it easier to stick with one

Vanguard are cheap, and their Lifestrategy funds are very novice friendly (which is why I chose them.)

csgohan4

barnstar2077 said:

csgohan4 said:

ColdIron said:

You wouldn't open a new ISA, you would just add to the one you already have each year

Thanks for the clarifying, wasn't clear on my reading if you could to the exisiting one, now I got to find a low fee platform to use.  Makes it easier to stick with one

Vanguard are cheap, and their Lifestrategy funds are very novice friendly (which is why I chose them.)

personal preference, plus it limits you to VG only funds. LS are ok if you like to be hands off, but too much UK equities for my liking. Again it's dependent what your comfortable with

One man's meat is another man's poison

barnstar2077

Isn't everything personal preference?  Was just giving you a quick, cheap and easy solution as you seem new to the game too.  Some people see the restriction to Vanguard funds as a bonus as it helps them resist the urge to dabble.  I have heard it said that the increased UK weighting (which as I understand it is different for each of the LS funds) could help to offset currency risk. If it isn't for you though, then fair enough.

csgohan4

barnstar2077 said:

Isn't everything personal preference?  Was just giving you a quick, cheap and easy solution as you seem new to the game too.  Some people see the restriction to Vanguard funds as a bonus as it helps them resist the urge to dabble.  I have heard it said that the increased UK weighting (which as I understand it is different for each of the LS funds) could help to offset currency risk. If it isn't for you though, then fair enough.

however with enough reading, research, one can get much better and personalized diversified approach to choosing which funds suits your own risk profile. VLS are vanilla but nothing wrong with choosing them if used well in ones strategy. 

you generally get what you put in. The VG target retirement funds look interesting and they rebalance it for you too as the years go by, which is the ultimate invest and forget funds

RobHT

barnstar2077 said:

Isn't everything personal preference?  Was just giving you a quick, cheap and easy solution as you seem new to the game too.  Some people see the restriction to Vanguard funds as a bonus as it helps them resist the urge to dabble.  I have heard it said that the increased UK weighting (which as I understand it is different for each of the LS funds) could help to offset currency risk. If it isn't for you though, then fair enough.

however with enough reading, research, one can get much better and personalized diversified approach to choosing which funds suits your own risk profile. VLS are vanilla but nothing wrong with choosing them if used well in ones strategy. 

you generally get what you put in. The VG target retirement funds look interesting and they rebalance it for you too as the years go by, which is the ultimate invest and forget funds

Please explain better the last point.
Also, if you are in 20s as me, I would like to see your retirement plan.

bigadaj

Presume the point around getting what you paid in is fairly self evident. In terms of target retirement funds then these follow the principle of life styling, which means reducing the equity portion and increasing bonds or less volatile and lower growth/risk assets as you approach retirement. This technique was historically useful as people would generally get to retirement and then purchase an annuity, most people would now probably use drawdown, with an investment horizon of twenty or thirty years at retirement, which might mean you would want to maintain higher return investments for longer but it's often down to individual circumstances and opinions.

csgohan4

RobHT said:

barnstar2077 said:

Isn't everything personal preference?  Was just giving you a quick, cheap and easy solution as you seem new to the game too.  Some people see the restriction to Vanguard funds as a bonus as it helps them resist the urge to dabble.  I have heard it said that the increased UK weighting (which as I understand it is different for each of the LS funds) could help to offset currency risk. If it isn't for you though, then fair enough.

however with enough reading, research, one can get much better and personalized diversified approach to choosing which funds suits your own risk profile. VLS are vanilla but nothing wrong with choosing them if used well in ones strategy. 

you generally get what you put in. The VG target retirement funds look interesting and they rebalance it for you too as the years go by, which is the ultimate invest and forget funds

Please explain better the last point.
Also, if you are in 20s as me, I would like to see your retirement plan.

if you don't want to do research, the VG  Target retirement are a reasonable punt, however I prefer to put money in funds which suit my own risk profile and preference. Plus nothing more rewarding than to see your investment grow on the funds you have chosen wisely. 

grumiofoundation

RobHT said:

barnstar2077 said:

Isn't everything personal preference?  Was just giving you a quick, cheap and easy solution as you seem new to the game too.  Some people see the restriction to Vanguard funds as a bonus as it helps them resist the urge to dabble.  I have heard it said that the increased UK weighting (which as I understand it is different for each of the LS funds) could help to offset currency risk. If it isn't for you though, then fair enough.

however with enough reading, research, one can get much better and personalized diversified approach to choosing which funds suits your own risk profile. VLS are vanilla but nothing wrong with choosing them if used well in ones strategy. 

you generally get what you put in. The VG target retirement funds look interesting and they rebalance it for you too as the years go by, which is the ultimate invest and forget funds

Please explain better the last point.
Also, if you are in 20s as me, I would like to see your retirement plan.

https://www.vanguardinvestor.co.uk/investing-explained/what-are-target-retirement-funds

Personally I would recommend not worrying about what others are doing, focus on your own goals and what you can/want to achieve. 

RobHT

csgohan4 said:

barnstar2077 said:

Isn't everything personal preference?  Was just giving you a quick, cheap and easy solution as you seem new to the game too.  Some people see the restriction to Vanguard funds as a bonus as it helps them resist the urge to dabble.  I have heard it said that the increased UK weighting (which as I understand it is different for each of the LS funds) could help to offset currency risk. If it isn't for you though, then fair enough.

however with enough reading, research, one can get much better and personalized diversified approach to choosing which funds suits your own risk profile. VLS are vanilla but nothing wrong with choosing them if used well in ones strategy. 

you generally get what you put in. The VG target retirement funds look interesting and they rebalance it for you too as the years go by, which is the ultimate invest and forget funds

My company pays into a different platform, so I can't use Vanguard for pension, unless a change is allowed but I doubt.
But in the end, with 500 paid each month into the pension, I guess I'm not gonna take that much once old  

colsten

RobHT said:

I guess I'm not gonna take that much once old  

£500 pays for barely a week in a half decent nursing home