Starting out, which isa and transferring between cash and S&S?

supersezzie

Hi all, so I'm coming into some funds soon that I want to split between a cash and a stocks and shares isa. The thing is I still have a fair bit to learn about investing so I'm not sure if I should put a lump sum straight into some funds or start with it all in cash and either wait altogether or just do a monthly investment across to the s&s isa.

It will be about 40k so I will get the second half in in April, of which about 15k i want to put into investments. The rest I want in a cash isa with access if needed.

I would have picked vanguard but after the fee increase I'm not sure. T212 is appealing with the app and ease of transferring across (from what I read) but is it as secure and is my money safe there? Which is is the best for transferring and low fees? 

Should I wait and learn a lot more and just stick to cash isas until I'm ready? Or maybe a hybrid model like invest 5k now and add 1k or less a month? Or just get my money into a global fund? I keep reading time in the market beats timing the market, and I'm wondering if I want to catch things soon, with global changes in the horizon, that I guess could go either way! I'm prepared to not touch the money in the investment isa for hopefully at least 10 years but definitely 5. 

Alexland

Iweb owned by Halifax/Lloyds have no ongoing charge and you could just dump the £15k in their S&S ISA and pay just £5 to invest £14,995 in a multi asset fund such as from the HSBC Global Strategy series which have a circa 0.2% ongoing fund management cost automatically deducted within the fund. If you pick the Accumulation version you will not have to pay £5 trade costs to reinvest distributions (dividends). Then sit back, relax and let the magic do its work.

https://www.iweb-sharedealing.co.uk/

https://www.hsbc.co.uk/investments/products/hsbc-global-strategy-portfolios/

For 5 to 10 years consider the Balanced fund which might crash around 25% in bad times. This is not advice do your own research and consider what others might suggest to determine what is suitable for your circumstances and risk tolerance.

Albermarle

 I keep reading time in the market beats timing the market, and I'm wondering if I want to catch things soon, with global changes in the horizon, that I guess could go either way! I'm prepared to not touch the money in the investment isa for hopefully at least 10 years but definitely 5. 

Historical statistics show that investing it all now rather than drip feeding will give a better result on average.
However you have to be aware that you might be unlucky and be on the wrong side of that average, especially for any investment less than 10 years.
Some find it helpful mentally to invest say 40% now, 30 % in 3 months and the rest a bit later ( just as an example) . 

More widely you should be aware that there are always 'global changes on the horizon' and probably most of these will be currently totally unknown. Also often global news that is bad ( it usually is ) does not necessarily translate into bad stock market returns.