Funds what to do

jimjames

20122013 said:

eskbanker said:

What's done is done, i.e. there's no point in looking backwards and thinking about notionally lost value, so you'd be better served by simply looking at it from the perspective of starting now with a pot of £x and identifying objectives to achieve with that - in other words, don't be tempted to take risks that you're not happy with in order to chase an overly aggressive target just because you feel you've fallen behind the curve.

Are you able to articulate why you feel you need five funds?  Other than those with fairly clear rationales for favouring specific markets or sectors, the needs of many DIY investors will be met by a single one....   

I have decided on 5 funds for my S&S ISA as it will be more manageable and also the size of the funds (as it may need to be within the FCSC?) than my current 30 funds. also planning to diversifed ?  (If I ever need access I can sell some )  I am thinking ''not putting all the eggs in one basket' so will use more than one platform which may incur more fees but again.  Does this sound mad?  

If you've decided on the 5 funds, why do you need an IFA for anything? It sounds mad to use an IFA if you've already made up your mind

eskbanker

jimjames said:

20122013 said:

eskbanker said:

What's done is done, i.e. there's no point in looking backwards and thinking about notionally lost value, so you'd be better served by simply looking at it from the perspective of starting now with a pot of £x and identifying objectives to achieve with that - in other words, don't be tempted to take risks that you're not happy with in order to chase an overly aggressive target just because you feel you've fallen behind the curve.

Are you able to articulate why you feel you need five funds?  Other than those with fairly clear rationales for favouring specific markets or sectors, the needs of many DIY investors will be met by a single one....   

I have decided on 5 funds for my S&S ISA as it will be more manageable and also the size of the funds (as it may need to be within the FCSC?) than my current 30 funds. also planning to diversifed ?  (If I ever need access I can sell some )  I am thinking ''not putting all the eggs in one basket' so will use more than one platform which may incur more fees but again.  Does this sound mad?  

If you've decided on the 5 funds, why do you need an IFA for anything? It sounds mad to use an IFA if you've already made up your mind

I think OP believes that five funds would be an appropriate number to aim for but without actually having identified specific funds:

20122013 said:

dunstonh said:

I have decided on 5 funds for my S&S ISA as it will be more manageable and also the size of the funds (as it may need to be within the FCSC?) than my current 30 funds.

30 is far too many.  But with just 5 funds, what areas have you chosen to leave out of your portfolio to achieve that?

My plan is to diversified : different risk levels, sectors, countries, industries  (learning on the job ) what would be a good size funds?

Please see my reply in bold.

20122013

I have moved this message to a new post.

Qyburn

Does your current platform charge for buying and selling? If not you could do all the tidying there, then transfer to your chosen platform.

20122013

Qyburn said:

Does your current platform charge for buying and selling? If not you could do all the tidying there, then transfer to your chosen platform.

I don' think there is a fee for selling, only for buying. 

Do you mean sell all my finds into CASH ISA  myself and then split it down to different providers?