S&S ISAs - Possible to spread money around different funds? Nutmeg, Vanguard, etc

mither_2

I currently have £90k in cash ISAs (earning me very little interest) and now have another £20k allowance for this year which I intend to put into a S&S ISA . Once in there I intend to leave for a number of years and will also put a large chunk of this £90k into a S&S pension. 

As I may be putting in £100k over a very long period I wanted to spread it over a number of funds but it seems that the whole £20k for 2021/22 needs to go with one fund? I was thinking of picking 4-5 funds and putting £4k/£5k with each, the idea being to see how they perform over a period of time and hedge my bets. 

But it seems like I need to put the whole £20k with one party? 

Is it possible to only have one ISA party? What does this mean for the other £90k that I wish to transfer from my cash ISA? Does this all need to be placed in the same fund as well? 

Is there any way of tracking/benchmarking performance of each of the funds and the individual funds within them? 

Thanks in advance. 

masonic

You can have one S&S ISA and invest in a number of different funds within it. There are several S&S ISA providers that give you the freedom to invest across thousands of funds. I have about 15 different investments in my S&S ISA. Some providers have their own analysis tools, but you could also use a general site like https://www.trustnet.com/

Nutmeg and Vanguard are both limited providers, you would probably want to take a look at iWeb or Interactive Investor as cheap fund supermarkets at the level of investment you are considering.

It would generally not be a good strategy to split your money equally between 4-5 funds to hedge your bets. You would either go for a multi-asset fund that covers everything you want to invest in, a core and satellite approach where you add a few specialist funds to the former, or allocate the money in a rational way between market sectors yourself.

mither_2

Thanks Masonic for the suggestion. 

Ideally I'd like to have an ISA where the majority of my money can be invested in funds that are managed by the fund but for a small percentage to also have the option to manage them myself. 

However, in practice I'd need to do alot more research than I have done currently in order to try and choose some stocks and shares to invest in. So long as the fund has the option for me to do this at a later date then it would be good to have this option. 

Albermarle

As said if you open an ISA with a 'whole of market '  investment platform , then you will have more choice than you will ever need.
Thousands of funds + Investment Trusts + ETF's + individual shares.

Be aware though that inexperienced investors are probably better off with less choice . Less chance to make a mess of it !

mither_2

A good point - may be better to keep it simple

mither_2

From my research so far I'm erring towards Vanguard. I have c£110k to put into ISAs and am a novice. I like that I can put some of this money into a blended funds and put some in more specific funds where I may take a little more risk if I wish. I can't imagine that I would be looking to purchase specific funds any time this year and any research that I do would be to work out which of the funds to put cash into. Perhaps after 12 months I may move the full amount elsewhere to a fund where I can decide on specific shares that I want to buy. This would require me to learn alot in the meantime and so may not happen. 

Does this sounds logical? 

I was considering Nutmeg but the options seem too limited. If I'm going to put money in I'd like to do some research of my own and possibly move the money around to other funds that may become more interesting in the coming months. With Nutmeg this wouldn't be possible as the options are so limited? If I wanted more options I would need to move the funds out of Nutmeg to somewhere else.  

Albermarle

Perhaps after 12 months I may move the full amount elsewhere to a fund where I can decide on specific shares that I want to buy. 

You are mixing up your terminology , which is a bit confusing.

You can not buy shares within a fund . 

So if you wanted to buy individual shares rather than ( or as well as ) funds, you would have to go to a new platform as there is no facility to buy individual shares on either Vanguard or Nutmeg platforms.

mither_2

Sorry - a new platform - that's what i was referring to though in practice I would only do so if I had become alot more confident and have a strong reason for wanting to buy individual shares. I'll have to just see how it goes.