S+P 500 ISA?

dunstonh

Pay heed to Chesterdog's post.   Global and US historically cycle.  Going 100% into US equity is daft.    Global equity will include a heavy US weighting and better diversification.

wrenlegs

Ok. I’ve read al, of your posts and I’m listening. I really am. Thank you to everyone for your posts.

Albermarle

wrenlegs said:

Ok. I’ve read al, of your posts and I’m listening. I really am. Thank you to everyone for your posts.

Obviously no idea of your overall financial position, but many people are not adding enough to their pension ( depending on what type they have) or maybe better to pay off debts/mortgage, rather than short term punts on stock markets.

xylophone

You could have found a much better cash ISA rate than 3.75% and still can.

https://www.thisismoney.co.uk/money/saving/article-1583864/Best-savings-rates-Isas-Cash-Isa-accounts-fixed-rate-Isas.html

cloud_dog

wrenlegs said:

Well, its food for thought, but essentially this is an isa we might only hold for a year and then transfer back to a cash isa. If it all goes boots up, then I’ll never invest again 🤣 But I’m hoping we will manage the returns that out son has - 12.5% the last year compared to our paltry 3.75% for our cash isa 😭

I think this will be a car crash waiting to happen!

E.g. lack of understanding of investments, of risk based assets in general, trying to chase the proverbial unicorn, etc.  If your tolerance to risk is so low that you usually prioritise cash, then investing needs to be a considered and understood approach, not a finger in the air.

If you want to better understand investing, I can highly recommend Lars Kroijer "Investing Demystified" (Youtube, website, book), and Tim Hale's book "Smarter Investing".

Beddie

How about doing a monthly investment into an S&S ISA, say £100pm for now? You could use Vanguard, Hargreaves Lansdown, Trading 212 or many others. Get a feel for it, see if you want to add more, but don't do what you described above for a year and take it out again.

dunstonh

. If it all goes boots up, then I’ll never invest again

Statistically, around 1 in 5 years is negative.  Sometimes you get two negatives in a row and it could be 8 years to the next one.    Once in the last 30 years, there has been there negative years in a row (and the 5 years that followed doubled in money).

Time dilutes the risk of loss 1 year is akin to gambling and you would never invest on the basis of less than 3 years and with equities, probably less than 10 years ideally (although 5 would be your minimum).

CheekyMikey

I’m sure the OP is grateful for all the cautionary messages advising her correctly that investing with a one year horizon is risky and contrary to best investment practice. However, if she’s going to do it then perhaps we should help with fund and platform suggestions for her to research rather than lecture her?

eskbanker

CheekyMikey said:

I’m sure the OP is grateful for all the cautionary messages advising her correctly that investing with a one year horizon is risky and contrary to best investment practice. However, if she’s going to do it then perhaps we should help with fund and platform suggestions for her to research rather than lecture her?

See the first reply on the thread!

sheslookinhot

CheekyMikey said:

I’m sure the OP is grateful for all the cautionary messages advising her correctly that investing with a one year horizon is risky and contrary to best investment practice. However, if she’s going to do it then perhaps we should help with fund and platform suggestions for her to research rather than lecture her?

Why don’t you make some suggestions rather than criticise people offering sage comments. What if funds are suggested that go negative ?