Stocks and Shares ISA Investment Advice?

[Willber]

I've just sold my motorbike and have put some of the cash (2.5k) into a Hargreaves Lansdown account. I am thinking of investing using their ready made portfolios and was thinking of spreading it across the three risk categories for capital growth rather than income as I am thinking long term 5 years minimum. I would put 1k into the conservative fund, 1k into the balanced and 500 quid into high risk. I will be topping up with £250 each month which I can choose where to invest.

Does this sound like a reasonable plan to at least see some return on my money rather than it sitting in a cash ISA earning pretty much nothing? I have a small slush fund already and will be adding to it monthly also. I will have a 50% cash savings and 50% stocks and shares investment split.

Just looking for some general advice really and I appreciate this is a bit like trying to look into a crystal ball!

Thanks

[Willber]

Thanks for your reply. I did a questionnaire on the Met Life website and it told me I have a high risk profile for investment but that my capacity for loss is medium. Therefore using that as a guide I could be best served putting everything into the medium/balanced profile fund portfolio?

I have a small emergency fund as mentioned which I will add 250 to each month but all my other existing savings would go into the ISA along with another 250 per month.

I have a mortgaged house at 68% LTV and 2.55% interest rate if that helps put a spin on things.

[Willber]

Thanks to both of you for your helpful advice. I will take it on board and do some more research and decide where to go from there!