app for devere-investment

cisko65

kuratowski said:

If going it alone and selecting a multi-asset fund by yourself, you would need to make the following decisions:

1. Do you definitely want to invest.  If you need to use this money in under 10 years, don't invest it, save it instead, as there is too much risk of loss over short time frames.
2. What is your risk level.  Each fund series has several offerings on a risk scale of 1-5.  This defines the balance between bonds and equities within the fund.  You need to weight up how much you value capital preservation (minimising the size of possible losses through bonds) versus the opportunity for growth (through equities).  The lowest risk level is typically around 80% bonds and 20% equities (less risk, less growth potential). The highest risk level is usually all equities (more risk, more growth potential).
3. Which tax wrapper to use.  If you are holding for retirement, then use a SIPP.   If not, then S&S ISA for the first £20k and use a General Investment Account for the rest, moving £20k inside the ISA each year.  Note if you stop living in the UK, then the ISA would lose its tax advantages.
4. Which fund series to use (Vanguard Lifestrategy, HSBC Global Strategy, LGIM Multi Index, Fidelity Multi Manager, etc).  The Monevator comparison table, linked earlier, can help with this, but at the end of the day there's no right or wrong, and this of secondary importance compared to the previous choices.  The HSBC one is cheapest (but costs aren't the only thing to consider).
   
5. Which platform to hold it on.  Again, the Monevator site has a comparison table, which was linked earlier.  As your portfolio is of a certain size, you would find it most economical to use iWeb or Interactive Investor.  (NB. I am ruling out Fidelity now, because that would only be low cost if you were holding ETFs, but the multi-asset funds we are suggesting are not ETFs.)

Once again, Thanks very much. Will read it. I've just posted a new thread:

financial advisers charges

cisko65

cisko65 said:

kuratowski said:

If going it alone and selecting a multi-asset fund by yourself, you would need to make the following decisions:

1. Do you definitely want to invest.  If you need to use this money in under 10 years, don't invest it, save it instead, as there is too much risk of loss over short time frames.
2. What is your risk level.  Each fund series has several offerings on a risk scale of 1-5.  This defines the balance between bonds and equities within the fund.  You need to weight up how much you value capital preservation (minimising the size of possible losses through bonds) versus the opportunity for growth (through equities).  The lowest risk level is typically around 80% bonds and 20% equities (less risk, less growth potential). The highest risk level is usually all equities (more risk, more growth potential).
3. Which tax wrapper to use.  If you are holding for retirement, then use a SIPP.   If not, then S&S ISA for the first £20k and use a General Investment Account for the rest, moving £20k inside the ISA each year.  Note if you stop living in the UK, then the ISA would lose its tax advantages.
4. Which fund series to use (Vanguard Lifestrategy, HSBC Global Strategy, LGIM Multi Index, Fidelity Multi Manager, etc).  The Monevator comparison table, linked earlier, can help with this, but at the end of the day there's no right or wrong, and this of secondary importance compared to the previous choices.  The HSBC one is cheapest (but costs aren't the only thing to consider).
   
5. Which platform to hold it on.  Again, the Monevator site has a comparison table, which was linked earlier.  As your portfolio is of a certain size, you would find it most economical to use iWeb or Interactive Investor.  (NB. I am ruling out Fidelity now, because that would only be low cost if you were holding ETFs, but the multi-asset funds we are suggesting are not ETFs.)

Once again, Thanks very much. Will read it. I've just posted a new thread:

financial advisers charges

Oh gosh. I just read point 1 (...if you need to use this money in under 10 years, don't invest it, save it instead, as there is too much risk of loss over short time frames.)
I'm considering 5 years...
Need to find a decent % for saving then. What do you think that would be?
Thanks

grumiofoundation

cisko65 said:

cisko65 said:

kuratowski said:

If going it alone and selecting a multi-asset fund by yourself, you would need to make the following decisions:

1. Do you definitely want to invest.  If you need to use this money in under 10 years, don't invest it, save it instead, as there is too much risk of loss over short time frames.
2. What is your risk level.  Each fund series has several offerings on a risk scale of 1-5.  This defines the balance between bonds and equities within the fund.  You need to weight up how much you value capital preservation (minimising the size of possible losses through bonds) versus the opportunity for growth (through equities).  The lowest risk level is typically around 80% bonds and 20% equities (less risk, less growth potential). The highest risk level is usually all equities (more risk, more growth potential).
3. Which tax wrapper to use.  If you are holding for retirement, then use a SIPP.   If not, then S&S ISA for the first £20k and use a General Investment Account for the rest, moving £20k inside the ISA each year.  Note if you stop living in the UK, then the ISA would lose its tax advantages.
4. Which fund series to use (Vanguard Lifestrategy, HSBC Global Strategy, LGIM Multi Index, Fidelity Multi Manager, etc).  The Monevator comparison table, linked earlier, can help with this, but at the end of the day there's no right or wrong, and this of secondary importance compared to the previous choices.  The HSBC one is cheapest (but costs aren't the only thing to consider).
   
5. Which platform to hold it on.  Again, the Monevator site has a comparison table, which was linked earlier.  As your portfolio is of a certain size, you would find it most economical to use iWeb or Interactive Investor.  (NB. I am ruling out Fidelity now, because that would only be low cost if you were holding ETFs, but the multi-asset funds we are suggesting are not ETFs.)

Once again, Thanks very much. Will read it. I've just posted a new thread:

financial advisers charges

Oh gosh. I just read point 1 (...if you need to use this money in under 10 years, don't invest it, save it instead, as there is too much risk of loss over short time frames.)
I'm considering 5 years...
Need to find a decent % for saving then. What do you think that would be?
Thanks

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/
https://www.moneysavingexpert.com/savings/premium-bonds/

What do you need the money for?
If saving for a property the a lifetime ISA?

https://www.moneysavingexpert.com/savings/lifetime-isas/