A J Bell Sipp

eatmyshorts

Hi, Just after some general advice. I have £32,000 in my Sipp with A J Bell waiting to be invested. After doing some reading online and on this forum I have decided to put it into the moderately adventurous fund. I am 58 and might retire in 9 years ( enjoy my job). I have a full state pension and will eventually have a 20 year workplace pension. I'm single and pretty low maintenance. I have no experience of investing and would not trust myself to manage things going forward. So, is this an advisable step to take. 
Regards Bart

csgohan4

https://monevator.com/

Is a good start, you need to research, then do more research and come  up with a strategy that fits you and everything will fall into place after that

There are people who manage funds for you, if that is what you want, but comes at a price of course

Albermarle

eatmyshorts said:

Hi, Just after some general advice. I have £32,000 in my Sipp with A J Bell waiting to be invested. After doing some reading online and on this forum I have decided to put it into the moderately adventurous fund. I am 58 and might retire in 9 years ( enjoy my job). I have a full state pension and will eventually have a 20 year workplace pension. I'm single and pretty low maintenance. I have no experience of investing and would not trust myself to manage things going forward. So, is this an advisable step to take. 
Regards Bart

Looks like as good a choice as any for a hands off investor.  . Quite a high equity % but as you say you will not need it for a few years and you will have other guaranteed income as well . Charge of 0.35% + 0.25% for the platform is not excessive .
If you can afford it you should probably maximise contributions to the SIPP due to the tax relief, especially if you are a higher rate taxpayer. 

eatmyshorts

Ok, so I've not done anything with my funds yet but have been trying to educate myself regarding investing. Looking at my timeframe of 8 years till retirement and the medium term outlook regarding growth ,what are people's opinions regarding picking out 5/6 individual stocks and holding them to retirement but also if looking at a large profit then cashing in and reinvesting. Have so far considered RR, Unilever, L&G, and Royal Mail. 

eatmyshorts

Ok cool, thanks BH for your constructive and helpful advice. 

IvanOpinion

You can do this yourself quite easily.  I started out a few years ago with zero knowledge but needed to do something so I picked what looked like good quality mixed asset products and let the fund manager manage them for me.  Over the last few years, as I gained more knowledge, confidence and most importantly money, I then opted for some other products to expand my portfolio.

One of my starting points was https://citywire.co.uk/funds-insider/sector/aggressive-gbp-funds/i2698/?periodMonths=60&page=1&expandedList=true .  I did some online risk assessments and then chose the following funds for my portfolio (they still make up the core of my portfoilio) - note these were just my choices and not recommendations
- Royal London Sustainable World
- Bailie Gifford Managed
- Vanguard Lifestrategy 80%

Albermarle

eatmyshorts said:

Ok cool, thanks BH for your constructive and helpful advice. 

Your research seems to have taken you off in the wrong direction, as your original choice of the Aj Bell fund was a good one .

eatmyshorts

Albermarle said:

eatmyshorts said:

Ok cool, thanks BH for your constructive and helpful advice. 

Your research seems to have taken you off in the wrong direction, as your original choice of the Aj Bell fund was a good one .

Yeah, seems that way. Got a bit ahead of myself... not the first time lol

boaby18

eatmyshorts said:

Ok, so I've not done anything with my funds yet but have been trying to educate myself regarding investing. Looking at my timeframe of 8 years till retirement and the medium term outlook regarding growth ,what are people's opinions regarding picking out 5/6 individual stocks and holding them to retirement but also if looking at a large profit then cashing in and reinvesting. Have so far considered RR, Unilever, L&G, and Royal Mail. 

Pick a multi asset fund which matches your risk appetite, research Vanguard Life Strategy, HSBC Global Strategy, Blackrock Consesus etc

RolandFlagg

Take a look at:
Vanguard LS 80 or 100.
A S&P 500 tracker.
baillie gifford positive change
baillie gifford american fund or the very similar baillie gifford U.S fund.

MinuteNoodles

eatmyshorts said:

what are people's opinions regarding picking out 5/6 individual stocks and holding them to retirement

Don't. You want to be diversified as much as possible which means you want to own as many stocks in as many companies as you can so if one goes down it doesn't take a chunk of your money with it. To do that you need to look at index funds where you buy a unit of a fund which has shares in every single company in the FTSE100 or S&P500 for example, or ones like Vanguard Lifestrategy which do similar but one fund covers multiple countries and also has a bit of bonds mixed in to mitigate the damage in a downturn. VLS80 which I have for example consists of 80% shares from several thousand companies and 20% bonds. Bonds are good as you reach retirement because they're pretty safe. A bond is basically a government or company saying "we want to borrow this amount and on this date we will pay back that amount plus this amount in interest" and whilst the company ones aren't 100% guaranteed safe they're almost as good as. If it gets to the state that the governments don't pay their bonds then the returns on your investment will be the least of your worries.