first time stocks and shares ISA
meat_n2_reg
Posts: 285 Forumite
Hello
Currently have a savings pot in a cash isa and fed up with the low interest rates
Thinking of transferring to marcus account but still only approx 1.5% interest
Thinking that I need to move some of my savings into a stocks & shares ISA , as don't know anything about shares etc was thinking of a medium risk managed portfolio however from looking at Halifaxs website unclear to what the expected returns or historical returns are for a medium risk investment
Really need some guidance please
Many thanks
Currently have a savings pot in a cash isa and fed up with the low interest rates
Thinking of transferring to marcus account but still only approx 1.5% interest
Thinking that I need to move some of my savings into a stocks & shares ISA , as don't know anything about shares etc was thinking of a medium risk managed portfolio however from looking at Halifaxs website unclear to what the expected returns or historical returns are for a medium risk investment
Really need some guidance please
Many thanks
0
Comments
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What are your saving goals? Investing is for the long term.0
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noobinvestor wrote: »What are your saving goals? Investing is for the long term.
Looking for either 5 or 10 years , currently 50 thinking of retiring @ 55 or 60
most likely 60
Regards0 -
Looking for either 5 or 10 years , currently 50 thinking of retiring @ 55 or 60
Is ISA the best wrapper?
What is your plan for this money in 5 or 10 years? (full withdrawal, phased withdrawal, income or just left or other?)
The expectation of return is based on your risk level and type of investments you use.0 -
I wouldn't recomend investing in any portfolio unless you can see the return for the last five years.
The AFI balanced index return about 7% over the last 10 years so you should be looking for a return of 6.5% on a medium risk portfolio.The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0 -
I wouldn't recomend investing in any portfolio unless you can see the return for the last five years.
The AFI balanced index return about 7% over the last 10 years so you should be looking for a return of 6.5% on a medium risk portfolio.0
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