Can I just use Vanguard Lifestrategy funds for my retirement

Hello

I appreciate that no one can give me financial advice- just really looking for a steer on whether this sounds sensible.

I want to create a cashflow ladder with money for the next few years in cash, then the few years after that in low-medium risk investments, then a chunk in medium risk and the remainder higher risk. I've had money in the Vanguard Lifestrategy 100% equity fund for years and always liked it. It struck me I could keep things simple and just use the versions of this fund with higher bond allocation for my lower risk investments eg 20% equity for the low-medium risk, 60% equity medium risk, 100% equity high risk.

I'd like to keep things simple as I'll be managing it all myself and this seems to do that, as well as being low cost. But am I missing something? 

Thank you!

Comments

  • QrizB
    QrizB Posts: 16,982 Forumite
    10,000 Posts Fourth Anniversary Photogenic Name Dropper
    If you're wedded to the Vanguard platform, it isn't a crazy plan and is like to work reasonably well.
    Personally I'd choose VWRL/VWRP rather than VLS100, but that's something that's been debated at length before.
    N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 33MWh generated, long-term average 2.6 Os.
    Not exactly back from my break, but dipping in and out of the forum.
    Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
  • Albermarle
    Albermarle Posts: 27,303 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    I often wonder whether it is really worth bothering in funds like VLS20, or similar.
    Probably easier and better to keep it as cash earning interest.
  • Bostonerimus1
    Bostonerimus1 Posts: 1,368 Forumite
    1,000 Posts First Anniversary Name Dropper
    edited 23 March at 2:28PM
    It's a perfectly sensible plan and I applaud you for keeping things simple. The LifeStrategy funds give you a ready made portfolio and you can easily change your asset allocation as you age by mixing and matching them. There will be slightly cheaper ways of implementing your plan using index funds, gilts and money market funds, but there is a lot to be said for simplicity and being comfortable with a plan. 
    And so we beat on, boats against the current, borne back ceaselessly into the past.
  • MK62
    MK62 Posts: 1,730 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    edited 23 March at 4:19PM
    It all depends exactly what you are planning.....in terms of how much in each fund and how you plan drawdown from them.

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.2K Banking & Borrowing
  • 252.8K Reduce Debt & Boost Income
  • 453.2K Spending & Discounts
  • 243.1K Work, Benefits & Business
  • 597.5K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 256.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.