Funds & ISA

MX5huggy

As long as “any fund” fits in the category of global index tracker. 

When things go wrong (down 20%) you have to hold your nerve, stick with it and keep putting money in. If you chose an active fund it’s tempting to say I made the wrong choice I need to sell and choose something else. With an index fund you know it will come good eventually (well they have so far). 

Bravepants

If you are young, and starting out investing for the long term, you could use something like FTSE Global All-Cap Index Accumulation Fund or similar. You can get the fact sheet online. Then use the cheapest investment platform you can find.

JohnWinder

You must be maddened by others’ reluctance to name some funds. Take it in good faith; and  anyone who puts their head above the parapet will likely cop a hiding.

More seriously, we could put you onto the greatest fund ever, but unless you internalise an understanding of ‘why’, ‘what it does/has done’, ‘how it fits your needs’, then you can be thrown off course with your investing when the next ‘storm’, change in your personal circumstances, or guru spruiking something else comes along. 

You’ll be well served by the deep understanding and conviction that comes with time spent learning the basics of investing yourself, rather than being told what to do. You’ve got plenty of time, and only need 6-12 months. Try Powell’s book How to fund the life you want, or Hale’s Smarter Investing are very suitable. If it’s free books you want: 

Here’s a dad’s ebook written for his adult children (40 pages, without the fluff): https://drive.google.com/file/d/14gCYdHY6LudcKoftQZDgqHMHIfbRkCMU/view

And if 40 pp is too much, try these 16 sassy pages by a smart old fellow who writes like a Hoxton hipster and might appeal to your generation. ‘If you can’ http://flip4u.org/docs/If%20You%20Can%20Millenials-Bill%20Bernstein.pdf

https://investingroadmap.wordpress.com/2011/02/25/chapter-1-investing-essentials-2/

The Little Book of Common Sense Investing is Bogle's. You'll get an old edition as a free pdf and it's worth every penny and more.

The Bogleheads' Guide to Investing, by Larimore et al is a 7.2MB pdf. I think it's here: https://ia803405.us.archive.org/23/items/the-bogleheads-guide-to-investing/The Bogleheads' Guide to Investing.pdf

While the fund suggestions in earlier posts are fine, they don’t start to get at whether all equities or some bonds are better for you, and that’s fundamental. Get the point?