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invest
Wrights2k20
Posts: 12 Forumite
have between 300 - 350 each month to drip into a fund or something
anyone recommend any funds etc to feed into
already contribute greatly to pension and have established cash savings to fall back on if I need to
anyone recommend any funds etc to feed into
already contribute greatly to pension and have established cash savings to fall back on if I need to
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Comments
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Have you started a lifetime ISA yet? If not, that would take up £4k a year or £333/month of your leftover savings.
https://www.moneysavingexpert.com/savings/lifetime-isas/2 -
I like Scottish Mortgage, as do quite a few others on this board......“Like a bunch of cod fishermen after all the cod’s been overfished, they don’t catch a lot of cod, but they keep on fishing in the same waters. That’s what’s happened to all these value investors. Maybe they should move to where the fish are.” Charlie Munger, vice chairman, Berkshire Hathaway0
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A cheap global equity fund to give you a good average return over time, without wondering if its now time to pull your money out of a UK/US/whatever fund.1
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For what purpose are you investing ? When will you want to access a significant % of your investment? Would you be worried should there be major falls in the value of investments generally or would you accept that this is part of investing and prices will rebound at some point??
Why dont you want to simply increase your pension contributon?0 -
Steve182 said:I like Scottish Mortgage, as do quite a few others on this board......
However, it would not be suitable as someone's sole investment.
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It is a very high risk and highly volatile investment. Yes it has a good track record but for a new investor, that would be a roller coast ride that they are not necessarily ready for. The average UK consumer is not suited to SM.Steve182 said:I like Scottish Mortgage, as do quite a few others on this board......I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.3 -
Today's winners could be tomorrows losers. Be careful with choosing funds.
Safer to go for passive index trackers for now before you develop own knowledge and experience to expand on your investment strategy
There will lots of opinions on an open forum. One man's meat is another man's poison"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP1
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