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  • FIRST POST
    • aj9648
    • By aj9648 15th May 18, 9:04 PM
    • 1,150Posts
    • 104Thanks
    aj9648
    Portfolio check now mortgage is paid
    • #1
    • 15th May 18, 9:04 PM
    Portfolio check now mortgage is paid 15th May 18 at 9:04 PM
    Hi

    I just wanted to get some advice from you lovely knowledgeable people on my investments and trying to understand if I need to make any changes now that I am mortgage fee - yay!! So here is my current portfolio and financial status:

    I am 38, in a good job earning £60k per year. Partner earns £20k. We have 2 kids 8 and 4.

    We have savings of around £20k - intending for helping kids out in the future. All child benefit goes into this.
    I have a work pension - career average scheme which I pay the max amount - £400 p/m. Iíve contributed into this for the last 15 years.
    I have invested in a SIPP for the last 3 years around £10k for each of the years - itís predominantly LS 60 and 80
    I put £300 pm in a S&S ISA - again its LS 80
    I have a LISA with 1st year full contribution
    My partner has a S&S ISA with £5k invested

    Thoughts? Any changes we should make?

    Thanks
Page 1
    • El Torro
    • By El Torro 15th May 18, 9:24 PM
    • 287 Posts
    • 267 Thanks
    El Torro
    • #2
    • 15th May 18, 9:24 PM
    • #2
    • 15th May 18, 9:24 PM
    I won't criticise your choice of relying on VLS, since you could do a lot worse. However why have a mixture of VLS 60 and 80 in your SIPP and just 80 in your ISA? I would have thought it would make more sense for your ISA to be more cautious since you can dip into that investment if you want to, whereas you're going to have to wait 20 years or so for your SIPP.

    Also why have a LISA? I would just put more in your ISA since it's more flexible as to when you can access the money. Your retirement needs are hopefully already covered by your DB pension and SIPP.
    • bostonerimus
    • By bostonerimus 15th May 18, 9:26 PM
    • 1,834 Posts
    • 1,173 Thanks
    bostonerimus
    • #3
    • 15th May 18, 9:26 PM
    • #3
    • 15th May 18, 9:26 PM
    I'd say keep doing what you are doing....but more of it now that the mortgage money is available. I'd make sure you have a 6 months cash emergency account available. You could change lots of other things but you seem to be on a good track so why mess with it right now. What you could do would be to educate yourself about different asset classes, but IMHO you are perfectly fine as you are....well done.
    Misanthrope in search of similar for mutual loathing
    • aj9648
    • By aj9648 15th May 18, 9:58 PM
    • 1,150 Posts
    • 104 Thanks
    aj9648
    • #4
    • 15th May 18, 9:58 PM
    • #4
    • 15th May 18, 9:58 PM
    I'd say keep doing what you are doing....but more of it now that the mortgage money is available. I'd make sure you have a 6 months cash emergency account available. You could change lots of other things but you seem to be on a good track so why mess with it right now. What you could do would be to educate yourself about different asset classes, but IMHO you are perfectly fine as you are....well done.
    Originally posted by bostonerimus
    Yeah Iíd love to know more about asset classes but I just donít have the time- I know LS is an easy option but is convenient!!
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