Stick everything in Vanguard or should I consider other options?

marzduk

At the moment, I have the following accounts-

£40k in the Vanguard LifeStrategy 40% Equity Fund (20k in an ISA and will move £20k into an ISA wrapper in April).

£30k in Premium Bonds

£10k in easy access

I was considering taking £20/30k out of the premium bonds and putting it in another LifeStrategy fund, possibly the 60% or 80% equity options. I just want to put the funds away for long-term growth, and I don't have any debts and don't need to pay extra off my mortgage. As I'm already using Vanguard I thought this would just keep things simple, but are there any other options I should consider? I know people have their own preferences on platforms and I've looked into them a bit, but couldn't find much to convince me a different option might be better.

Or, does anyone think I should try a different approach entirely? I'm guessing sticking with index funds is the best option for someone with quite limited investment knowledge.

Thanks.

jimjames

Not sure why you'd have VLS40 and VLS90 together, why not just hold VLS60?

JohnWinder

Simple is good, and your choices look fine (assuming we know a lot about your financial situation that we don’t, or wish to.)

marzduk

jimjames said:

Not sure why you'd have VLS40 and VLS90 together, why not just hold VLS60?

If I was putting the full amount in now, I probably would have done that. It's only for the new addition, I thought I wanted to go for a slightly higher risk option, and didn't think there would be any need to move the amount that's already there.

trickydicky14

marzduk said:

jimjames said:

Not sure why you'd have VLS40 and VLS90 together, why not just hold VLS60?

If I was putting the full amount in now, I probably would have done that. It's only for the new addition, I thought I wanted to go for a slightly higher risk option, and didn't think there would be any need to move the amount that's already there.

I think going from VLS40 to VLS80 is a bit more than slightly higher risk option?

InvesterJones

trickydicky14 said:

marzduk said:

jimjames said:

Not sure why you'd have VLS40 and VLS90 together, why not just hold VLS60?

If I was putting the full amount in now, I probably would have done that. It's only for the new addition, I thought I wanted to go for a slightly higher risk option, and didn't think there would be any need to move the amount that's already there.

I think going from VLS40 to VLS80 is a bit more than slightly higher risk option?

Presumably the options are either to a) Move all from VLS 40 to VLS 60 and add new funds to VLS 60, or b) Add an equal amount to VLS 80, giving a 50:50 split between 40:80, roughly equalling VLS 60.

Same result in the end, but you'll end up having to do rebalancing on the 40:80 split rather than letting vanguard do it for the VLS 60 option.

Albermarle

It is mainly about timescale when you may need to withdraw.
If it was in a pension for retirement in 20 years + time, then higher risk is usually better.
If you think you might need the money in 5 to 10 years, then maybe more medium risk is better.