Guidance on Investment Strategy

Gareth2021

Some advice / guidance if at all possible

 27 Year Old – Male- Living with Parents

 Want to mention here that I am in a fortunate position that I have gifted to me a deposit for a house from my grandparents when the time comes so I don’t really need to save a deposit for it.

 Banking & Savings

-          3K in a monthly saver due to mature next month

-          Billing account has enough to cover the rest of the years Direct Debits

-          Take home pay is around £1300.00 which includes deduction for Work Place Pension etc

-          Pay £50.00 a month into a private SIPP as my Work Place pension isn’t great and this is on their mission to improve this once a merger completes

 Investment

-          Approx. 6K in an investment ISA invested in SW Managed Growth Fund 6 which has produced approx £400.00 interest over the last year

-          Approx. 2.5k in Lloyds Banking Group Shares held in my Share Dealing account with a current profit of around £500.00 – this is carried over from my days working in the call centre and when I left I carried these over

 My question –

 I have just opened a  Stocks and Shares ISA and would like to transfer my investment ISA over into this one and potentially consolidate my investment into a more global based fund like HSBC Global or a S & P 500 Tracker.  Put If I do this and cash in my Lloyds Bank Shares this could give me a pot of around £8.5k and I could comfortably put aside 300 – 400 each month into this s and s.

 Any thoughts on some nice funds to look a bit closer at or thoughts on moving away from my SW Managed Growth Investment ISA / Lloyds Bank Shares?

 I know I could go and ask a FA this and pay him/her a few quid but reading these forums for a while, there is really some nice guidance and thoughts gave out.

 

Appreciate all the help.

 

dunstonh

-          Approx. 6K in an investment ISA invested in SW Managed Growth Fund 6 which has produced approx £400.00 interest over the last year

It isn't an interest paying fund.

 I have just opened a  Stocks and Shares ISA and would like to transfer my investment ISA over into this one and potentially consolidate my investment into a more global based fund like HSBC Global or a S & P 500 Tracker.

S&P500 is not a global fund.  Its a US equity fund.  It makes a good satellite fund for your US holding.  Not ideal by itself.

Gareth2021

I stand corrected, its essentially grown approx 400 thendunstonh said:

-          Approx. 6K in an investment ISA invested in SW Managed Growth Fund 6 which has produced approx £400.00 interest over the last year

It isn't an interest paying fund.

 I have just opened a  Stocks and Shares ISA and would like to transfer my investment ISA over into this one and potentially consolidate my investment into a more global based fund like HSBC Global or a S & P 500 Tracker.

S&P500 is not a global fund.  Its a US equity fund.  It makes a good satellite fund for your US holding.  Not ideal by itself.