20k stocks and shares?

Dave05

Hi quick question im new to stocks and shares therefore ive been looking at robo investing until i get some more knowledge to be able to manage my own but im wondering if anyone can recommend a robo investing platform and would you drip feed money in or just deposit the full amount and start from there? Im looking to at least lock away for 5 years

Thanks in advance  

Eyeful

1. Investing can be as simple or as complex as you care to make it. Those wanting to sell you stuff will make it look complex in order to charge you more and get you to think you actually need them to do it for you.

2.Simple investing is easy to understand & learn. Puts you in the driving seat & keeps the costs down, so more money ends up in your pocket.

3. Before you invest learn the basics.
(a) Watch this video: https://www.kroijer.com/
(b) Now consider getting a low cost passive Global Multi Asset Fund, at a share/bond split you are comfortable with.
Example: https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds?intcmpgn=lifestrategyfunds_learnmore_link
(c) Other can be found by reading this: https://monevator.com/passive-fund-of-funds-the-rivals/

4. Remember
(a) Fees & charges are important. The more you spend on these, the less money ends up in your pocket.
(b) There are no guarantees with investing you may get out less than you put in.
(c) Investing is basically gambling
(i) Short term (say days, weeks, months, year) it called Trading or Speculating, odds of winning LOW.
(ii) Long term (say least 10 years) odds of winning the game HIGH
(d) You will see market crashes, do not do what most newbies do "jump ship never to return.

5. These may be of interest to you:
https://www.biglawinvestor.com/meet-the-gotrocks-family/
https://www.forbes.com/uk/advisor/investing/best-robo-advisors-uk/

Mark_d

I use Interactive Investor and am very happy with them.  I buy shares directly where I feel I understand the industry/company but I buy ETFs when investing in something I know less about.

Personally I wouldn't drip feed.  I'd want to be getting a return on all my money from day one.  However it is very important to diversify your portfolio so that you have some protection whichever way the economy goes.

Albermarle

Mark_d said:

I use Interactive Investor and am very happy with them.  I buy shares directly where I feel I understand the industry/company but I buy ETFs when investing in something I know less about.

Personally I wouldn't drip feed.  I'd want to be getting a return on all my money from day one.  However it is very important to diversify your portfolio so that you have some protection whichever way the economy goes.

You could make a loss from Day one, and the more you add at once the bigger the loss.

OP 
As in the long term, the market/investments should rise, then statistically ( about 60% I think) you are likely to be better off putting in the full amount on Day one. However if you are unlucky with your timing, you will wish you had not. 
A half way house is to add say 40% straight away , 30% in 3 months and the rest a bit later.
Note that 5 years is really a minimum time. By the time you get to 7 or 8 years your chance of seeing a loss is down to about 10%( based on historical data) .

Dave05

Albermarle said:

Mark_d said:

I use Interactive Investor and am very happy with them.  I buy shares directly where I feel I understand the industry/company but I buy ETFs when investing in something I know less about.

Personally I wouldn't drip feed.  I'd want to be getting a return on all my money from day one.  However it is very important to diversify your portfolio so that you have some protection whichever way the economy goes.

You could make a loss from Day one, and the more you add at once the bigger the loss.

OP 
As in the long term, the market/investments should rise, then statistically ( about 60% I think) you are likely to be better off putting in the full amount on Day one. However if you are unlucky with your timing, you will wish you had not. 
A half way house is to add say 40% straight away , 30% in 3 months and the rest a bit later.
Note that 5 years is really a minimum time. By the time you get to 7 or 8 years your chance of seeing a loss is down to about 10%( based on historical data) .

Thanks for your advice and time replying veey much appreciated i think ill do just that  

Dave05

Eyeful said:

1. Investing can be as simple or as complex as you care to make it. Those wanting to sell you stuff will make it look complex in order to charge you more and get you to think you actually need them to do it for you.

2.Simple investing is easy to understand & learn. Puts you in the driving seat & keeps the costs down, so more money ends up in your pocket.

3. Before you invest learn the basics.
(a) Watch this video: https://www.kroijer.com/
(b) Now consider getting a low cost passive Global Multi Asset Fund, at a share/bond split you are comfortable with.
Example: https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds?intcmpgn=lifestrategyfunds_learnmore_link
(c) Other can be found by reading this: https://monevator.com/passive-fund-of-funds-the-rivals/

4. Remember
(a) Fees & charges are important. The more you spend on these, the less money ends up in your pocket.
(b) There are no guarantees with investing you may get out less than you put in.
(c) Investing is basically gambling
(i) Short term (say days, weeks, months, year) it called Trading or Speculating, odds of winning LOW.
(ii) Long term (say least 10 years) odds of winning the game HIGH
(d) You will see market crashes, do not do what most newbies do "jump ship never to return.

5. These may be of interest to you:
https://www.biglawinvestor.com/meet-the-gotrocks-family/
https://www.forbes.com/uk/advisor/investing/best-robo-advisors-uk/

Thanks for your advice and time replying veey much appreciated ill have a look at all your links today  

Dave05

Eyeful said:

1. Investing can be as simple or as complex as you care to make it. Those wanting to sell you stuff will make it look complex in order to charge you more and get you to think you actually need them to do it for you.

2.Simple investing is easy to understand & learn. Puts you in the driving seat & keeps the costs down, so more money ends up in your pocket.

3. Before you invest learn the basics.
(a) Watch this video: https://www.kroijer.com/
(b) Now consider getting a low cost passive Global Multi Asset Fund, at a share/bond split you are comfortable with.
Example: https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds?intcmpgn=lifestrategyfunds_learnmore_link
(c) Other can be found by reading this: https://monevator.com/passive-fund-of-funds-the-rivals/

4. Remember
(a) Fees & charges are important. The more you spend on these, the less money ends up in your pocket.
(b) There are no guarantees with investing you may get out less than you put in.
(c) Investing is basically gambling
(i) Short term (say days, weeks, months, year) it called Trading or Speculating, odds of winning LOW.
(ii) Long term (say least 10 years) odds of winning the game HIGH
(d) You will see market crashes, do not do what most newbies do "jump ship never to return.

5. These may be of interest to you:
https://www.biglawinvestor.com/meet-the-gotrocks-family/
https://www.forbes.com/uk/advisor/investing/best-robo-advisors-uk/

Thanks for your advice and time replying veey much appreciated do you robo invest or self manage 

Eyeful

1. I self manage. The above method basically does what the robo-service does. It means I am not tied to just the one robo platform, so I can switch to any platform that holds the global multi asset fund I am interested in. 

2. Fees & charges are important. Play with the calculator below to see why:
https://larrybates.ca/

2. Independent academic research consistently shows, most active fund managers do not beat a major world index. So just chose a low cost passive fund that tracks a major world index fund & you will be doing better than many actively managed funds.

3. No bonds will mean share price swings up & down will be large. The more bonds you add to your portfolio the smaller becomes the  up & down swings in the share price.
The video below explains it quite well I think.& expands on the simple investing approach:

https://www.youtube.com/watch?v=lGQ9KyQq8Jw

Eyeful

Dave as for risk, this might interest you:
https://meaningfulmoney.tv/2022/09/26/how-much-investment-risk-should-i-take/