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Diversify or stick to the same.

Currently have 30k in Vanguard s&s LS80 fund I plan on keeping for at least 10 years. 

Currently in a position to add about 3k a year to it. 
At what point do you 'diversify'

Do i keep adding or look elsewhere. Any benefits to either?

Thanks. 

Comments

  • masonic
    masonic Posts: 29,028 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Do you wish to get exposure to sectors that are not covered by LS80?
  • MX5huggy
    MX5huggy Posts: 7,170 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You don’t need to diversify LS80, it is diversified, with a UK bias. 

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Little need until your portfolio reaches 6 figures. As your concentration risk is minimal. 
  • dunstonh
    dunstonh Posts: 120,889 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    At what point do you 'diversify'
    You are already diversifying with that fund.   That is the whole point of a multi-asset fund.

    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • El_Torro
    El_Torro Posts: 2,158 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    My S&S ISA currently contains 3 multi asset funds. When it gets to 6 figures my plan is to also add a global smaller companies fund. It doesn’t need to have 3 multi asset funds but I’m happy with the route I’ve chosen.

    If you do decide to add additional funds to your portfolio bear in mind why you’re doing it. If you add another multi asset fund you’re not really diversifying, as the funds will invest very similarly. 
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