Tracker Funds

Albermarle

MissHap said:

I know what you mean Jim so I might do that with the HL SIPP.
Should I put some distance between the 2 though, I only invested with Fidelity last Monday.

Timing is always a difficult point, as if you invest just before a market crash you will wish that you had not. If the market booms then you will wish you had invested earlier.
A compromise , which can at least make people feel less anxious is to invest some now, and some a bit later.
Another compromise could be to have half in HSBC GS balanced and half in HSBC GS Conservative ( or Vanguard Life strategy 40 which is similar but  more tilted to the UK) .

MissHap

I take your point about Vanguard Albermarle, great if the UK was heading for boom time, but I dont think so, not this side of an election.
I think I'll go with HSBC via HL and wait till a bit.
Thanks for all your help people.

Ivkoto

You can check 

BlackRock Consensus 85 Fund.

I think it falls in your risk tolerance.

Hoenir

MissHap said:

I take your point about Vanguard Albermarle, great if the UK was heading for boom time, but I dont think so, not this side of an election.

The UK isn't the only global economy stuttering by any stretch.  

Rollinghome

MissHap said:

I take your point about Vanguard Albermarle, great if the UK was heading for boom time, but I dont think so, not this side of an election.
I think I'll go with HSBC via HL and wait till a bit.
Thanks for all your help people.

No one knows for sure, but going with the HSBC fund is likely to be a good choice. Investing is always about acting without being completely certain of the outcome.  If you haven't seen it already, there's a video comparing the Vanguard and HSBC funds here...  

If you want to wait you could also consider putting your money temporarily into a money market fund which invests in ultra-short bonds such as Royal London Short Term Money Market  which should give you something very similar to a good instant access savings account with minimal risk.

A possible problem with that is, as Albermarle alluded to, we humans have a terrible inclination to be terrified to invest when markets fall, and are cheap, and far more confident when they've soared, and expensive.  At some point, holding your nose and jumping can often be the least worse way.

MissHap

Great video that Rollinghome and its confirmed what I had already decided in my own mind.
From my HL SIPP I'm going the HSBC route with a balanced risk, I went with the conservative risk with my Fidelity SIPP, it'll be interesting comparing the two I think and maybe move up a level from conservative.
Thanks for all your help guys, much appreciated.

GeoffTF

If you have decided that HSBC Global Strategy Balanced fund is suitable for you stick to it, do not bother will anything else. If you have decided that HSBC Global Strategy Balanced fund is not risky enough for you, switch your entire investment to a more risky version of the same fund, or something broadly equivalent from another supplier.

Past performance is not relevant here. Indeed if the market goes up, it becomes more expensive and less likely to rise in the future. You make money by buying low and selling high, not the other way around.

GeoffTF

MissHap said:

HSBC have 5 funds available, is it good form to invest in 2 from the same company??

It does not matter that they are with the same company, but if you invest in two of them your risk profile will change over time, whereas it will stay the same if you used one fund.

MissHap

Now that I've taken the plunge, how do I track my investment?
Looking at the HL & Fidelity websites, its not apparent.

JohnWinder

‘Now that I've taken the plunge, how do I track my investment?’

Perhaps it’s better that you don’t, or if so, not for the next five years, so come back and ask that question then. Why?

‘for the future which I hopefully wont draw on, depending on future circumstances, but I cant see me needing to dip in, if at all.’.......
‘mind you, you look at the returns over the last 5 years and its tempting. ‘

If you’re going to be tempted to change investments on the basis of a good or bad past 5 years, you’re likely to do yourself a great disservice succumbing to the temptation. It’s called ‘performance chasing’ and it’s not a good strategy. Better to choose wisely from the outset, hopefully you did that, and then stick with it. There will turn out to have been better choices but that’s almost always the case for almost every investor.