How to pick a fidelity fund?

bigbluehouse

I have put the 20k in but there's about 3000 different funds in there... 

thegentleway

you pick funds according to your strategy to meet your goals

grumiofoundation

Normally it would be suggested to decide what to invest in before selecting a platform.


This is now the third incredibly vague thread you have started. If you want to get tangible inputs from posters you need to give more (much more) detail. Without knowing your aims, attitude to risk, wider position (pension, dependants, property) etc no-one will be able to give any specific or meaningful advice. 

For example in one of the threads you mention potentially buying a property in 5 years time. Would this 20k be past of that deposit? If so in 5 years your investments could be worth less than they are today. Are you happy ot take this risk?

https://forums.moneysavingexpert.com/discussion/6256034/how-do-i-begin-to-decide-which-is-the-best-isa-for-me#latest
https://forums.moneysavingexpert.com/discussion/6255970/isas-vs-property/p1

 

AlanP_2

In where, I guess you mean a S&S ISA with Fidelity?


With no disrespect intended it sounds like you are relatively new to investing so the normal suggestions would be to do some research on here and on sites like monevator.com to become more familiar with the terminology and some of the aspects to consider. Monevator do a beginners series - https://monevator.com/investing-for-beginners-why-do-we-invest/ which would be a reasonable starting point.

If you don't have strong views, based on research and "evidence" that any one geography or sector (e.g. tech or health etc.) would do better than another over the timescale you have in mind then a sensible first investment would be a multi-asset fund at your desired level of risk tolerance. 

Vanguard Life Strategy, HSBC Global Strategy, Blackrock My Map and the Legal & General Multi-Index ranges would be examples.

Globally diversified and designed as "one stop shops".

dunstonh

I have put the 20k in but there's about 3000 different funds in there... 

Most whole of market platforms have around 30,000 different investment options.

Before you pick your investment platform, you should decide how you want to invest and what investments you want to use.    Then you pick the best platform to achieve that and once that offers the services and features you want and cost-effectively in doing so.

jimjames

bigbluehouse said:

I have put the 20k in but there's about 3000 different funds in there... 

Find a Monkey with a pin?

https://www.mohammedamin.com/Reviews/Monkey-with-a-Pin.html

thickasabrick

bigbluehouse said:

I have put the 20k in but there's about 3000 different funds in there... 

As mentioned by the previous posters you need to do a bit of background research and planning so that you can make an "informed" choice that matches your risk profile and objectives for investing.

I did a learning excercise with my children based on the Simplicity portfolio concept as described in this post on the thread titled "Learning about Stocks & Shares".

I gave them links to the following articles which explain the concept.

Simplicity Portfolio as described by the The Escape Artist and Lars Kroijer. There are a few others with similar objectives (JL Collins) but I liked the way the Escape Artist article was written.

I also pointed them at the Monevator site as it has a lot of articles on different styles of investing and explanations of some of the principles.

Take your time.

Noting the following 
1. your attitude to risk
2. your objectives (why are you investing the money in stocks and shares ?)
3. Which funds, individual shares or bonds you have selected and more importantly a description of why you have chosen them

Then please come back on here and ask for feedback. With the above information you should get a good variety of opinions from some very knowledgable posters which you can use to make the most appropriate choice for yourself.

JohnWinder

For the short term it could be a cash fund. For the decently long term it could be a mix of stocks and bonds. The proportions in the mix would be determined by how much risk you are able (can you afford to lose a lot of it on paper - or worse, for some years?) and willing to take (can you stick with your choices through thick and thick?).

Then you either choose a mixed fund with suitable proportions, or two (up to four or five) funds for the equities and bonds. The funds probably will serve you best if they are broadly diversified, low cost, trackers following a decent index(es).

jim8888

3,000 funds. Daunting, isn't it? I found the same when I started investing twenty years ago, but I had decided that (a) I wanted Index trackers and (b) I'd stick to UK and US. If I'd had 20k, I might have also picked a European Tracker and an Asian one and put 5k into each. I eventually went with Fidelity for the funds, but today I may well have picked Vanguard. Keep it simple, spread the money across the world, pick trackers for the low fees and you won't go too far wrong.