What is the best investment option for Uni Student?

northernerinmidlands

No sorry for the confusion .My daughter held a Hl LISA opened 2019 and held a variety of investments in it some of which did better than others .Total increase in value was 9% for that year .had started to sell up to transfer luckily before covid hit. Now holds a cash LISA with nottingham bs at around 1 %.
As the poster was asking about interest rates for cash savings for her daughter and also wanted a stocks and shares LISA I mentioned HLs Active Savings products as hassle free option for cash.
     Poster was considering a HL LISA product for her daughter and seemed worried about fees which was why I added our experience of holding my daughters LISA with them for a year.

mazibee

Thanks every one for the replies.
Pls can anyone recommend me any best growth fund for investment purposes keeping in view the previous track record of the funds (I am also planning to invest £10k for my daughter for appprox 10 years time period)

Any suggestions from the seniors and experts for  where to invest funds that have given consistent returns , higher returns than FTSE 100 or S&P500here will be highly appreciated.

I start to google but there are so many , I start Vanguard and HL websites  and ended going  somewhere else.

I just serached Vanguard and checked their porfolio , few of  Vanguard funds are investing in their own funds etc
Also few newbie questions,

1) When we buy the funds are we allocated the units of those funds?

2) Those units mustbe be in wholes or they can be in fractions?

3) What happens to the dividend ( is it addes in ones account by increasing a numner of units held)

4) How easy is to sell these funds units? Is  there a time limit meaning one cant sell them before a  certain time.

5) Is there a price difference (bid /ask) price for these fund prices?

6) Is there a way to check compare the price of the funds with the benchmark for a customised time period ( For example last ten years)

csgohan4

mazibee said:

Thanks every one for the replies.
Pls can anyone recommend me any best growth fund for investment purposes keeping in view the previous track record of the funds (I am also planning to invest £10k for my daughter for appprox 10 years time period)

Any suggestions from the seniors and experts for  where to invest funds that have given consistent returns , higher returns than FTSE 100 or S&P500here will be highly appreciated.

I start to google but there are so many , I start Vanguard and HL websites  and ended going  somewhere else.

I just serached Vanguard and checked their porfolio , few of  Vanguard funds are investing in their own funds etc
Also few newbie questions,

1) When we buy the funds are we allocated the units of those funds?

2) Those units mustbe be in wholes or they can be in fractions?

3) What happens to the dividend ( is it addes in ones account by increasing a numner of units held)

4) How easy is to sell these funds units? Is  there a time limit meaning one cant sell them before a  certain time.

5) Is there a price difference (bid /ask) price for these fund prices?

6) Is there a way to check compare the price of the funds with the benchmark for a customised time period ( For example last ten years)

I would do some research first:
https://monevator.com/category/investing/passive-investing-investing/

Always invest in something you understand

Your safest bet is to use a cheap global index tracker, that website also list the most common ones. I used VG tracker myself, but there isn't a thing called the best fund, everyone has different risk appetite and investment strategy, therefore different portfolio allocations. 

As Always investment comes at a risk and returns will be volatile over a short period, you must be invested ideally at least 10 years if not more to see the fruits of your choices. 

Don't get bogged down on the fund choices you have, keep it simple as a new investor. 

mazibee

@csgohan4    Thanks for your reply.

Other Seniors/ Experienced Members @bowlhead99 , @Albermarle , @xylophone

Please can some one suggest me is it a good idea  putting money in

SMT (Scottish Mortgage Investment Trust PLC)  52-wk high---1,092.00      52-wk low------451.80

PCT (Polar Capital Technology Trust plc)            52-wk high------2,314.70    52-wk low-------1,134.30

Both of these stocks are trading close to 52 Week highs

As both of these are funds?

Are they better as compared to buying the individual shares of the companies.

Suggestions will be appreciated.

mazibee

After researching DD opened an account with HL

Any help in chooseing a low cost multi assey growth fund.

She plans to start with investing a min £100 a month  , or a bit more in case she gets some free days over the term breaks

I am also new to this investing world  my daughter asked me whether investing in the below mentioned funds is a good idea

Investing in a FTSE 100 trackerfund YTD  upward potenntial is approx 20%

Investing in a FTSE 250 trackerfund YTD  upward potenntial is approx 13.33%

Investing in a FTSE All Share trackerfund YTD  upward potenntial is approx 18.00%

US markets are hoverring close to their all time highs.

sInvesting in a muti asset fund like BG Managed Fund (any other low cost actively managed fund) will be good for her?

Suggestions will be appreciated.

Thanks in advance.

NottinghamKnight

You certainly don't want to be invested in uk only, look at a world fund, likely lower risk and higher returns. A BG managed fund is a possibility, vanguard life strategy or equivalent offerings from legal and general, fidelity, blackrock etc

[Deleted User]

I would have mentioned BG Managed as well (an 80/20 active fund) extremely cheap on HL.
However, it is not a fund for use in 3-4 years - well it could be but the risk of losing capital is still there
I use it for the children in LISAs - but keep an eye on it now and again just to make sure.

mazibee

Thanks @NottinghamKnight for your reply.

What one need to look at when selecting the fund based on the past performance ( obvioulsy past performance is not the the guarantee of the future results)

Annual Return or cummlative return

Also I was checking few funds for my daughter that charge more but annual return and cummulative return is higher as compared to world index tracker funds. for eg Royal London Sstainable World Acc

NottinghamKnight

mazibee said:

Thanks @NottinghamKnight for your reply.

What one need to look at when selecting the fund based on the past performance ( obvioulsy past performance is not the the guarantee of the future results)

Annual Return or cummlative return

Also I was checking few funds for my daughter that charge more but annual return and cummulative return is higher as compared to world index tracker funds. for eg Royal London Sstainable World Acc

That's the eternal debate, thousands of threads on this very site discussing it. There's no guarantee of return, passive pretty much guarantees what the market returns but some active managers will do far better.