Which HSBC tracker to top up ?

shahpur

 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 ?

InvesterJones

Not especially. They overlap significantly.

dunstonh

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?

shahpur

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

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

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

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.