Vanguard Lifestrategy ISA

Alexland

Albermarle said:

If you were to invest via a pension instead, you would get a tax benefit , but the money would be inaccessible until your mid/late fifties. Presume you have a pension at work ? If so an increase in your monthly contributions could be part of a plan.

Yes also as the OP is slightly under 40 it's also worth them considering a S&S Lifetime ISA as the 25% government bonus is just over 1% bonus per year over the 23 years of holding the account or more if you consider the investment return from having all the bonus paid upfront shortly after the contribution. So the bonus and associated growth alone would probably cover at least 2/3rd of their current mortgage interest rate and if the worse happened the money would still be accessible before 60 (at a penalty slightly greater than the bonus).

thor

Thrugelmir said:

 Marcusian said:

Truthfully, if the market was rock bottom or it was a bad time to cash out, I could wait it out, but I do want the option in 5 years to look at where i am at as the fixed fee on my mortgage ends. 

Markets don't have to be at rock bottom to produce poor or negative returns. Five years of regular saving guarantees nothing. Ideally investing in stocks and shares should be over a minimum of 10 years. To provide certainty of a positive return. 

The last sentence is incorrect. You can never guarantee a positive return in stocks and shares even long term. Probably but not 100% for sure.