Which HSBC tracker to top up ?

shahpur
shahpur Posts: 69
First Anniversary Combo Breaker First Post
Forumite
edited 14 December 2023 at 10:24AM in Savings & investments


 I am looking to use my remaining ISA allowance for this year .   but not too sure if to top up each of the below HSBC funds by the same amount or buy an individual sp500 tracker. 

 I also have legal and general tech fund which holds about 20%  .

HSBC IDX TKR INV FTSE ALL WORLD INDEX C ACC  (MDAABG)

HSBC OPENFUNDS GBL STRAT DYNM PTF C ACC  (MDYNAM)

Doe it make sense to top up try to balance the amounts held in each of the funds ?




Comments

  • Not especially. They overlap significantly.
  • dunstonh
    dunstonh Posts: 115,629
    Name Dropper First Anniversary Combo Breaker First Post
    Forumite
    They are different types of funds.  One is a mutli-asset fund and the other is an index tracker.

    Which best fits your investment strategy?
    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.
  • shahpur
    shahpur Posts: 69
    First Anniversary Combo Breaker First Post
    Forumite
    dunstonh said:
    They are different types of funds.  One is a mutli-asset fund and the other is an index tracker.

    Which best fits your investment strategy?
    thanks was hoping to top every year for the next 10 years - not too sure if this really a strategy but after buying individual companies and getting burnt decided this was probably the safest option.

    Does it make sense to have both ?
  • Albermarle
    Albermarle Posts: 21,043
    First Anniversary First Post Name Dropper
    Forumite
    shahpur said:
    dunstonh said:
    They are different types of funds.  One is a mutli-asset fund and the other is an index tracker.

    Which best fits your investment strategy?
    thanks was hoping to top every year for the next 10 years - not too sure if this really a strategy but after buying individual companies and getting burnt decided this was probably the safest option.

    Does it make sense to have both ?
    You are right move to move away from individual shares, unless you really know what you are doing and/or it is only a dabble on the side.
    What you need to decide is whether you are happy with 100% equity funds, or whether you prefer some dilution of the potential volatility involved.
  • boingy
    boingy Posts: 1,140
    First Post Name Dropper
    Forumite
    Topping up every year is a great idea but I'd suggest just using one of the funds. Of those the first would be my choice, but other opinions are available.
  • JohnWinder
    JohnWinder Posts: 1,707
    First Anniversary First Post Name Dropper
    Forumite
    Yours is a question of asset allocation, in the jargon. It's a core issue with personal investing, so good to get on top of it. Try https://www.bogleheads.org/wiki/Asset_allocation for an overview.

Meet your Ambassadors

Categories

  • All Categories
  • 341.6K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.1K Spending & Discounts
  • 233.6K Work, Benefits & Business
  • 605.9K Mortgages, Homes & Bills
  • 172.4K Life & Family
  • 246.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards