Investment ISA - Legal & General UK Index Trust

C2009

20 years ago I put some money in an Investment ISA with Legal and General (now Fidelity). I don't make regular payments to it.

The account is Legal & General UK Index Trust. 

Over the last couple of days the value of the account has reduced a lot (no a surprise there). But it got me thinking about the fact I haven't changed the account.
Is a ~~UK~~ Index Trust the best place for my money to be at the moment? Should I change it to a worldwide fund (I'm not sure what I'm talking about). Is now a good/bad idea to make changes? 

Apologies if I'm asking about something I'm not meant to. I really would be grateful for any information, advice or opinions. Thanks. 

masonic

A global fund would generally be preferred for better diversification, and especially more exposure to technology, which has tended to drive growth over the long term. There are positives and negatives with making changes now. The main positive is that global markets have just crashed, so you would not be buying in at the expensive valuations seen last year. The main negative is that the pound has fallen steeply, so your purchasing power is a lot less than it was just a week or two ago. On balance, it might be best to wait until some resolution of the current crisis surrounding the UK budget.

dunstonh

Is a ~~UK~~ Index Trust the best place for my money to be at the moment?

it is a good place for your UK allocation of your portfolio.  However, its the type of fund that is designed to be held in a wider portfolio of funds.  i.e. one for UK, one for US, one for Europe, one for Asia etc.

Albermarle

The actual ideal UK % in a portflio is a matter of debate /opinion, but typically will be between 5% and 40%.