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Just put it into VLS40.
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You can pay for advice but it will land in the same area, with no expectation of exceeding VLS40 ; in fact, the leeching effect of an attendant financial adviser would project less for you, long term.0
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maxsteam said:JustinEvans9964 said:Hi, new here and hoping you guys can steer me in the right direction.
Basically I have a £5000 lump sum and around £400 per month to invest. Happy to tie this in for 10 years. Had a look around the various threads and pretty much not sure where to start with it. I am not looking to spend too much time on it and would prefer an "off the shelf" option.
There's nothing wrong with reading these boards but you also need to read other material. Whichever banks you use, they are likely to have an "investing for beginners" section of their website which is worth reading. One problem with these boards is that any idiot like me can come here and tell you what to do with your hard earned money.“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 Hathaway4 -
Steve182 said:That's very true. I was braced for a 40% (or thereabouts) average drop on all stocks when we had the "covid correction" this time last year.
I agree the FTSE100 is a poor investment with lack of sector diversity and some companies with structural issues however there are good opportunities in the UK market right now with both reasonably priced growth and value.
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At this point I think it's customary for OP to make an appearance and reply to some of the counter questions?“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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If you want something off the shelf without starting the long process of becoming an investor, you want to just invest in index funds. Vanguard is a very good option for this.0
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helpyhelper said:If you want something off the shelf without starting the long process of becoming an investor, you want to just invest in index funds. Vanguard is a very good option for this.
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.0 -
Many thanks for all the various replies. Certainly have some food for thought. I will continue digging before jumping into something. Thanks again!0
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