Best Investment

pechacheli

I have £300 per month to invest. I pay into a pension and Cash ISA so am looking for another form of investment? What should I do? What will give me the best outcome? Any ideas?

dunstonh

stocks and shares ISA should be the tax wrapper. How you invest within that tax wrapper will depend on your risk profile, opinion and timescale.

There is no such thing as a best investment. Just lots of options.

pechacheli

I did consider this dunstonh however I have no idea about which funds are best. I don't want to be too high risk but would like to see profit. Any ideas as to how I might best approach this?

jamesd

What funds is your pension invested in? Who chooses those?

Have a read of Ok then - How do I choose a S&S ISA to get some ideas of the details but note that the mixtures given by people listing different funds there are usually high risk mixtures.

IFAs like dunstonh offer services that will pick the funds and do things like annual rebalancing for you. Or you could start learning yourself and pick one UK equity income fund and one global growth fund. Invesco Perpetual Income and Artems Global Growth wouldn't be a bad pair to look at initially, though there are plenty of others that are also worth a look. Then learn more and refine from there.

You also need to decide how much of a drop in value you'll accept during a bad year. Maybe 30% overall for a 50:50 mixture of the two I mentioned. If that's too much of a drop in a bad year you can adjust the mix or add funds that are likely to drop less in a bad year, but grow less in a good year.