Long term investing for a beginner

Monkey_B

Some really useful comments - thanks guys.

@Eyeful, the Lars Krojier videos were good, thanks for the link. I think if I follow his advice, for what I'm looking to achieve, I would just go 100% into something like the HSBC FTSE All-World Index C, which I can get at total charges of 0.33% as a HSBC current account holder (I'd be interested to know if you think I could beat those fees somewhere else). I'd probably do this for 10 years, at which point I'd look to start balancing with something low risk (need to research that a bit more).

@Albermarle, thanks for the clarification - that confirms my thought that I'm unlikely to need to worry about tax for this.

Albermarle

I would just go 100% into something like the HSBC FTSE All-World Index C, which I can get at total charges of 0.33% as a HSBC current account holder (I'd be interested to know if you think I could beat those fees somewhere else)

Presuming no charge for regular investing, then it looks OK.

Eyeful

Monkey_B said:

I would just go 100% into something like the HSBC FTSE All-World Index C, which I can get at total charges of 0.33% as a HSBC current account holder (I'd be interested to know if you think I could beat those fees somewhere else). I'd probably do this for 10 years, at which point I'd look to start balancing with something low risk (need to research that a bit more).

I think that is a wise choice. That total charge looks OK. If it can be beaten it will not be by much and you are only likely to be saving pennies.

When you start to re-balance and lower the risk you only need to change over to the HSBC Global Strategy ready made portfolio. All you need to tell them is your risk tolerance and they will do all they work for you.
  https://www.hsbc.co.uk/investments/isas/hsbc-global-strategy-portfolios/#balanced

I thought the following might be of interest to you.
https://larrybates.ca/t-rex-score/