Discussion
Afternoon all, first time poster on this board so please be gentle!
I'm looking for advice/guidance on a the type of fund to invest in. Why? I have never invested in one before and I'm completely bewildered by the choice out there and do not know where to start.
I'm currently invested in individual stocks which are not doing well and have an income from military pension & BTL, so in the interests of diversity I'm looking for a suitable fund. I'm risk adverse, looking at 5 year term, can do lump sum initially and possible drip feed very month. Growth rather than income. Looking to retire as early as possible (aren't we all!)
I appreciate this is a bit finger in the air but I'd welcome some thoughts and opinions please.
Thanks.
I'm looking for advice/guidance on a the type of fund to invest in. Why? I have never invested in one before and I'm completely bewildered by the choice out there and do not know where to start.
I'm currently invested in individual stocks which are not doing well and have an income from military pension & BTL, so in the interests of diversity I'm looking for a suitable fund. I'm risk adverse, looking at 5 year term, can do lump sum initially and possible drip feed very month. Growth rather than income. Looking to retire as early as possible (aren't we all!)
I appreciate this is a bit finger in the air but I'd welcome some thoughts and opinions please.
Thanks.
No-one here can specifically give you "fund choice" answers - you would need an IFA/FA for that.
Take a read of https://www.pistonheads.com/gassing/topic.asp?h=0&... - you sound similar
Take a read of https://www.pistonheads.com/gassing/topic.asp?h=0&... - you sound similar
Read the IM sticky thread at the top of the Finance forum:
https://www.pistonheads.com/gassing/topic.asp?h=0&...
It goes on a bit but the recurring theme is that Nik is available for a chat if you wish to talk to someone.
https://www.pistonheads.com/gassing/topic.asp?h=0&...
It goes on a bit but the recurring theme is that Nik is available for a chat if you wish to talk to someone.
Muffster said:
Afternoon all, first time poster on this board so please be gentle!
I'm looking for advice/guidance on a the type of fund to invest in. Why? I have never invested in one before and I'm completely bewildered by the choice out there and do not know where to start.
I'm currently invested in individual stocks which are not doing well and have an income from military pension & BTL, so in the interests of diversity I'm looking for a suitable fund. I'm risk adverse, looking at 5 year term, can do lump sum initially and possible drip feed very month. Growth rather than income. Looking to retire as early as possible (aren't we all!)
I appreciate this is a bit finger in the air but I'd welcome some thoughts and opinions please.
Thanks.
As suggested read the IM thread as they may of interest.I'm looking for advice/guidance on a the type of fund to invest in. Why? I have never invested in one before and I'm completely bewildered by the choice out there and do not know where to start.
I'm currently invested in individual stocks which are not doing well and have an income from military pension & BTL, so in the interests of diversity I'm looking for a suitable fund. I'm risk adverse, looking at 5 year term, can do lump sum initially and possible drip feed very month. Growth rather than income. Looking to retire as early as possible (aren't we all!)
I appreciate this is a bit finger in the air but I'd welcome some thoughts and opinions please.
Thanks.
I think the trick is trying to understand what you mean by "risk adverse".
So for example if you put £10K in a fund and when you next looked it had dropped to £7K what would your first instinct be?
If £7K isn't acceptable what number is?
There are plenty of funds out there that won't (shouldn't I guess I should say) have the same levels of volatility as individual stocks.
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