Investing £1000 Per month

[scotlandtim]

I'm looking to invest £1000 per month.

Plan is to maximise on my investment, don't need to be able to access it immediately, happy to go for medium risk portfolio but not high risk.

Would like to have option NOT to pay in some months, should something arise, so don't want to be on a fixed pay in scheme.

Where would you look to put this money?

In Summary

hope to pay in £1000 per month, but with flexibility - could be more or less
Dn't need to access it
Medium risk


Thanks!

[ecs]

Vanguard for an ISA or SIPP? You choose your risk and pay your money in by debit card whenever you want.

[fat80b]

It depends on what you already have in the various different pots already.
Assuming nothing. Then the order looks something like

1) emergency fund.
2) pension
3) ISA.

Or possibly housing at 2) if not already on the ladder

[ferret50]

Premium Bonds?

Can vary the monthly in, get instant access and a modest return with little risk.

[Tommie38]

fat80b said:

It depends on what you already have in the various different pots already.
Assuming nothing. Then the order looks something like

1) emergency fund.
2) pension
3) ISA.

Or possibly housing at 2) if not already on the ladder

Why pension before ISA? Genuine question.

[Philvrs]

Even though instant access isn’t a high requirement, don’t overlook a flexible isa vs regular isa

[fat80b]

Tommie38 said:

Why pension before ISA? Genuine question.

It somewhat depends on the situation, but given the OP said "don't need access to it", and assuming they are in employment, I'd be thinking that the benefit of tax relief on the pension vs no tax relief (on the way in) on the ISA makes the pension more attractive. (More so if you can get an employer to contribute the ER NI in as well via sal sac).

For a higher rate tax payer, you'd get a 40% uplift on the money in the pension vs the same amount in an ISA.

i.e. In an ISA, your 1K is worth 1K - c.f. In a pension, it is immediately worth £1250 (plus then any additional tax relief as a rebate).

[jimothyc]

I’d probably setup a stocks and shares isa with Vanguard or Freetrade and put it in a couple of index tracking funds like S&P 500 etc.

Ticks the boxes of medium risk, is tax efficient and has access if required without too much of a wait. 1000 a month will be below your 20k per year isa limit, so there’s scope to start saving more later if you want to and you can easily skip a month if needs be.

[Boosh-36]

stocks and shares isa and mash into an ETF (or spread it across several) every month.

[okgo]

Investing in sp500 is quite far from medium risk. Equally buying premium bonds is about as much use as Anne franks drumkit as an investment.

There will be a life strategy product that likely fits the bill.

[asfault]

okgo said:

Investing in sp500 is quite far from medium risk. Equally buying premium bonds is about as much use as Anne franks drumkit as an investment.

There will be a life strategy product that likely fits the bill.

Anne franks drumkit lol. I must remember that one

[Jakey123]

FTSE Global all cap - SIPP or ISA depending on when you feel you will need it.

One gets taxed on way in, one gets taxed on way out.

[lizardbrain]

Presumably more likely to be better for tax on way out when retired and the big expenses are death with, so can live on lower income

[8-P]

I invest a similar amount.

£300 first direct regular save 7.5%(max allowed)
£300 Zopa regular saver 7%
£600 across 4 funds in a stocks and shares isa

[Jakey123]

lizardbrain said:

Presumably more likely to be better for tax on way out when retired and the big expenses are death with, so can live on lower income

Not better if you've piled all your savings into a SIPP and suddenly need it at 50.
Very situation dependant.

Pension clear winner if higher rate tax due to 40% boost on contributions on way in also. Just need to try and avoid the 40% on way out.
But gives you a head start on compounding

[NickZ24]

Better spread it around,
place 100 on shares, 100 on Crypto, 100 on ETF and so on.

[RSTurboPaul]

Could include Britannias / Sovereigns in the size and metal(s) of your choice.

[DT1975]

scotlandtim said:

I'm looking to invest £1000 per month.

Plan is to maximise on my investment, don't need to be able to access it immediately, happy to go for medium risk portfolio but not high risk.

Would like to have option NOT to pay in some months, should something arise, so don't want to be on a fixed pay in scheme.

Where would you look to put this money?

In Summary

hope to pay in £1000 per month, but with flexibility - could be more or less
Dn't need to access it
Medium risk


Thanks!

We started do this in 2013/14 once the mortgage was paid off, pensions sorted. About a grand a month give or take into Vanguard VLS60 so medium risk, some into VLS80 when I got a bit more adventurous. It's up at a decent sum now.

[Cats_pyjamas]

I too, started with vls 60, then 80, now just pile into vls100. Albeit £400/month.

Premium bonds can be a useful tool, but they certainly aren't an investment!

Only invest what you can afford to lose ectect.

[FourCs]

Put it all in Bitcoin.

Thank me later. Nothing else comes close.