SIPP

martin7575

finally got my SIPP open and have 15k to invest this tax year im 49, and just looking at which global fund to invest in. Ive read about the poor outlook for growth and so I considered 80% stocks but the 60% equity fund  seems  like a good balance for me but can anyone reccomend anything else before i commit the cash. Ill add more in the new tax year but just wanted to run this past the forum before i go ahead. thanks in advance

ColdIron

Did you use Vanguard? This might be worth a look if not

https://monevator.com/passive-fund-of-funds-the-rivals

eskbanker

martin7575 said:

im 49

When are you anticipating accessing the money?  If it's as early as 57 that would lead you more towards lower risk investments, but if it's for the longer term then a higher equity content should be viable....

martin7575

@coldiron no i used ii in the end

martin7575

@eskbanker in truth I have no idea.... I realise thats not helpful!

martin7575

@ColdIron interesting article, vanguard lifestrategy well reccommended there too

Audaxer

martin7575 said:

@ColdIron interesting article, vanguard lifestrategy well reccommended there too

You can invest in a Vanguard LifeStrategy fund on most platforms, not just the Vanguard platform, so I'm fairly sure it will be available via ii.

Hoenir

martin7575 said:

@eskbanker in truth I have no idea.... I realise thats not helpful!

Worth giving some serious thought to. Yes plans may change. But at least having a plan will give you something to focus on. The years tick by very quickly. 

dunstonh

Ive read about the poor outlook for growth 

Really?    The outlook with most is positive.  Its the unknown that causes negatives. 

and so I considered 80% stocks but the 60% equity fund  seems  like a good balance for me but can anyone reccomend anything else before i commit the cash. 

You need to nail down your behavioural risk.  Jumping around 60-80-100 because of random reading on the internet is not healthy.     Drops are always coming.   So, you are going to be affected by them sooner or later.  So, get it right at the start and you will be fine.  Don't try and time it by moving equity/bonds around based on articles you read.

vanguard lifestrategy well reccommended there too

The Vanguard global lifestrategy is well regarded (in its short life) but the VLS OEIC funds are not so much any more.  Used to be but been off the boil for some time due to its management decisions not paying off.

martin7575

@dunstonh - in term sof risk, at the moment the amount of money invested is small enough for me not to be too concerned  but as you say getting it right at the start is what i hope to do, its just difficult to but a framework on 60 seems right given my age 
 - are the OEIC funds part of the lifestrategy fund?

martin7575

@Hoenir that does make sense.  ideally id like to scale back work  but with income from a property in combination with part time work in my business mean that i hope i wont need to touch any pension money for 15 years or so