6k to invest (already in a S&S ISA)

KP24

Hi all,

So i've just realised i put about 16k into an iWeb S&S ISA but only made investments using about 10k of it. 

My current split is a mix of funds (Fundsmith, Scottish Mortgage, Vanguard LS60) and individual shares of some random companies like Diageo and Tesco. Current state as of today is i'm about 40% up on my original investment. 

I get that my current portfolio is a mish mash of everything but what would you suggest i invest the remaining 6k in?

My circumstances are as follows:

1) Have a residential mortgage (about 200k left to pay, already have enough to make the overpayment for this year). Current fix ends in 2024. 
2) Emergency fund in place
3) 2 kids in primary school

I want to put the 6k preferably in something i can invest in and forget about for 5-10 years.

Any thoughts? Thanks

eskbanker

KP24 said:

My current split is a mix of funds (Fundsmith, Scottish Mortgage, Vanguard LS60) and individual shares of some random companies like Diageo and Tesco. Current state as of today is i'm about 40% up on my original investment. 

I get that my current portfolio is a mish mash of everything but what would you suggest i invest the remaining 6k in?

You could just get the dartboard and the blindfold out again?

Portfolio construction generally requires some sort of idea of objectives, strategy, risk tolerance, etc, so others making suggestions in a vacuum would be pointless, i.e. you need to think more carefully about what you're trying to achieve (or just pick something essentially at random again).

csgohan4

Op you need a strategy

https://monevator.com/index-investing-guide/

steampowered

The best option is to have a clear strategy, and rebalance your entire portfolio around that.

If you don't have any particular strategy, then sell the individual shares. Put that money plus the £6k into Vanguard VLS100.

Hansplace

Put in a tracker fund ideally in ISA where you can take out when needed.

If not need access to the 6k in a SIPP and get extra £1.5k on government top up into your SIPP. Just note that you can only access 25% of these at 58 years old

milton1970

Hansplace said:

If not need access to the 6k in a SIPP and get extra £1.5k on government top up into your SIPP. Just note that you can only access 25% of these at 58 years old

Why 58? Is it not 55 for private pensions ?

MX5huggy

milton1970 said:

Hansplace said:

If not need access to the 6k in a SIPP and get extra £1.5k on government top up into your SIPP. Just note that you can only access 25% of these at 58 years old

Why 58? Is it not 55 for private pensions ?

Discussed at length here 

https://forums.moneysavingexpert.com/discussion/6240982/increase-to-minimum-pension-age-from-55-to-57-update-25-8-fidelity-provisionally-confirm-status/p1

milton1970

MX5huggy said:

milton1970 said:

Hansplace said:

If not need access to the 6k in a SIPP and get extra £1.5k on government top up into your SIPP. Just note that you can only access 25% of these at 58 years old

Why 58? Is it not 55 for private pensions ?

Discussed at length here 

https://forums.moneysavingexpert.com/discussion/6240982/increase-to-minimum-pension-age-from-55-to-57-update-25-8-fidelity-provisionally-confirm-status/p1

Ah .. I see .. Phew 😥 .. at last a benefit of age 

Thrugelmir

KP24 said:

 Current state as of today is i'm about 40% up on my original investment. 

Over what time period?  Without knowing that, impossible to benchmark the performance. Mish mash random portfolios aren't generally advisable to hold. At the core should be a sizable investment in a well diversified fund of some kind. Time for some house keeping I'd suggest. As your total investment is relatively small there's little point in spreading too thinly at the current time. 

KP24

itsThrugelmir said:

KP24 said:

 Current state as of today is i'm about 40% up on my original investment. 

Over what time period?  Without knowing that, impossible to benchmark the performance. Mish mash random portfolios aren't generally advisable to hold. At the core should be a sizable investment in a well diversified fund of some kind. Time for some house keeping I'd suggest. As your total investment is relatively small there's little point in spreading too thinly at the current time. 

Its been around 6 years that i've held these funds/shares. 

Thanks for everyone's comments so far, most helpful. So i will look to sell the shares and invest in a fund instead. 

Is the suggestion i keep my existing non individual share assets? They are:

1. Scottish Mortgage
2. Fundsmith
3. HSBC FTSE Tracker
4. Vanguard LS60

And put the profit from share sales + 6k into another fund? Any suggestions on which one(s)?

Based on the one's i already hold (and have actually performed very well, the first 2 are 200% up from when i originally bought them), i am keen to keep those but put the rest into a single 'fire and forget' fund (i'd say risk tolerance is probably a 5/7)

Any further comments welcome!

Thrugelmir

How much of your current portfolio is invested in VLS60?  Did you chose this fund as it met your risk appetite? 

 Not recommending it per se. However the type of fund to use as a core when setting off.