Investment ideas please

AlanP_2

Greymug said:

Albermarle said:

The S& S Isa is only there really to protect the investments you make from any tax liability and to offer a framework for holding investments within it .
A pension is exactly the same , except the tax and withdrawals regime is different . Your money is actually in investments within the pension.
So as said , picking the right investments is the more important part for the ISA and for your pension.
Regarding charges you are asking which ISA provider is cheapest and then saying you will use their prepackaged funds, which are expensive . Probably you need to take a step back and do some basic research .

Can you suggest any online resource/link I can consult?

monevator.com would ne a good place to start, look at their Beginning Investing series of articles.

Thrugelmir

Greymug said:

Eco_Miser said:

But why aren't you spending this £60k on the house you're buying?

Because my partner and I already have a big enough deposit for the house.

Not a reason to invest a big slug of equity into something you've no previous experience of. Markets are far from a one way street. Takes two to trade. 

Greymug

Thrugelmir said:

Greymug said:

Eco_Miser said:

But why aren't you spending this £60k on the house you're buying?

Because my partner and I already have a big enough deposit for the house.

Not a reason to invest a big slug of equity into something you've no previous experience of. Markets are far from a one way street. Takes two to trade. 

So you're suggesting I don't invest it at all? I just leave it in my current account?

Albermarle

Greymug said:

Thrugelmir said:

Greymug said:

Eco_Miser said:

But why aren't you spending this £60k on the house you're buying?

Because my partner and I already have a big enough deposit for the house.

Not a reason to invest a big slug of equity into something you've no previous experience of. Markets are far from a one way street. Takes two to trade. 

So you're suggesting I don't invest it at all? I just leave it in my current account?

You will see that on this forum that not every poster has the same opinion . In fact opinion plays a large part in investing so do not take any comments as hard fact .
In reality Thrugelmir is just pointing out that investing is not guaranteed to be successful , especially if you do not really know what you are doing , so just take it easy and no need to rush into anything .
Try putting 'Basics of investing ' or similar in Google . Of course you get some commercial stuff that you can ignore but also some good info.

Sailtheworld

Greymug said:

Thrugelmir said:

Greymug said:

Eco_Miser said:

But why aren't you spending this £60k on the house you're buying?

Because my partner and I already have a big enough deposit for the house.

Not a reason to invest a big slug of equity into something you've no previous experience of. Markets are far from a one way street. Takes two to trade. 

So you're suggesting I don't invest it at all? I just leave it in my current account?

I think he's trying to say, through the medium of questions, that investments can down as well as up in value. Just the fact of having £60k doesn't mean you have to invest it. You could leave it in your current account but as you were into BTL that implies you like to take risks.

I'd suggest the videos on Kroijer.com. Some basics of investing and ideas for how to think about what risk you want / should take.

Voyager2002

Greymug said:

Thrugelmir said:

Greymug said:

Eco_Miser said:

But why aren't you spending this £60k on the house you're buying?

Because my partner and I already have a big enough deposit for the house.

Not a reason to invest a big slug of equity into something you've no previous experience of. Markets are far from a one way street. Takes two to trade. 

So you're suggesting I don't invest it at all? I just leave it in my current account?

The obvious suggestion would be to use some of this money to take out a smaller mortgage (and mortgage interest rates tend to be lower for those with larger deposits).

Thrugelmir

Thrugelmir said:

Greymug said:

Eco_Miser said:

But why aren't you spending this £60k on the house you're buying?

Because my partner and I already have a big enough deposit for the house.

Not a reason to invest a big slug of equity into something you've no previous experience of. Markets are far from a one way street. Takes two to trade. 

Not at all. We all start somewhere. People naturally get drawn into parting with their money when times are good. Whether it's bond markets, equity markets or P2P for example. After all what could possibly go wrong. There's easy money to be made. The £ signs start flashing and an adrenaline rush kicks in. 
All I'm suggesting is that you take your time, be more measured. As markets can be savage places to have your savings invested.  Leveraging is double edged. Returns are magnified when it comes off, however so are the downsides when it goes horribly wrong.  

AnotherJoe

Greymug said:

Most of them come with pre-packaged funds portfolios, perfect for people like me who know almost nothing.
So probably the question is about stuff like which ones are good/easy to use platforms...how much do they charge you to invest your money....stuff like that

In fact the exact opposite, in general their pre packaged portfolios are expensive poor performers.And the reason they are aimed at "people like me who know almost nothing" is that people who do know something wouldnt invest in them. So, good thing you asked here first.

Another_Saver

AnotherJoe said:

Greymug said:

Most of them come with pre-packaged funds portfolios, perfect for people like me who know almost nothing.
So probably the question is about stuff like which ones are good/easy to use platforms...how much do they charge you to invest your money....stuff like that

In fact the exact opposite, in general their pre packaged portfolios are expensive poor performers.And the reason they are aimed at "people like me who know almost nothing" is that people who do know something wouldnt invest in them. So, good thing you asked here first.

If the OP is talking about HL Portfolio Plus or comparables I would agree, but I think most of us would agree that if the OP is going to invest then a cheap multi asset fund like Vanguard Lifestrategy, HSBC Global strategy would be a sound start, and there is a distinction to be made between such funds and the ready-made pre-packaged funds of funds with St James Place high fees.

Albermarle

The impression from the OP's posts is that he was going to the likes of HL's website and looking at the HL ( expensive )  pre packaged funds .