HSBC Global Strategy dynamic suitable for a 50 year old.

sidneyyoungblood

A bit of advice please I am 50 years old self employed not looking to access the money hopefully for atleast 10 years.

Currently have the HSBC Global strategy dynamic fund ( last 3 years ) but is it suitable for the 15 year investment timescale - would something more adventurous like a HSBC world tracker be more suitable ? I have around 80k invested  .

thanks  

dunstonh

One assumes you are using the pension wrapper and not the ISA wrapper given that pension beats ISA in your scenario.

Risk is a personal thing.   You say 10-15 years but are you planning to spend it all at the end of year 15?  or will most of it go beyond that?

Eyeful

Insufficient information given. How long is a piece of string question.
For a start we have no idea of your risk tolerance.
Watch this it may or may not be helpful to you:-
https://meaningfulmoney.tv/2022/09/26/how-much-investment-risk-should-i-take/
https://www.standardlife.co.uk/investments/tools/investment-risk

sidneyyoungblood

dunstonh said:

One assumes you are using hte pension wrapper and not the ISA wrapper given that pension beats ISA in your scenario.

Risk is a personal thing.   You say 10-15 years but are you planning to spend it all at the end of year 15?  or will most of it go beyond that?

Thanks . It is is a standard S&S isa ...  Meant to say possibly need to access it in 10 years , being self employed and my current work cant see me retiring until around state pension age  ..

Albermarle

sidneyyoungblood said:

dunstonh said:

One assumes you are using hte pension wrapper and not the ISA wrapper given that pension beats ISA in your scenario.

Risk is a personal thing.   You say 10-15 years but are you planning to spend it all at the end of year 15?  or will most of it go beyond that?

Thanks . It is is a standard S&S isa ...  Meant to say possibly need to access it in 10 years , being self employed and my current work cant see me retiring until around state pension age  ..

Have you a pension ? Investing via a pension is more tax efficient than in a S&S ISA. If you pick the right pension provider you could stick with the HSBC dynamic as the investment.