Investment fund advice
Discussion
I have a sipp and am currently accumulating money in a building society cash A/C earing .25%. I would like to invest this money in a low cost reputable fund. I have 75K to invest then £1100 there after I would pay in on a monthly basis.
On a scale of 1 to 10 (10 being the most risky) I would say I was an 8. I plan to leave this money in the fund for at least 10 years paying into it each month over a 10 year period.
Any suggestions would be greatly appreciated.
On a scale of 1 to 10 (10 being the most risky) I would say I was an 8. I plan to leave this money in the fund for at least 10 years paying into it each month over a 10 year period.
Any suggestions would be greatly appreciated.
Then I'd assume your wife has her retirement planning as equal to you as possible and that you are both going to be able to use the personal allowance to maximum effect, and not have you with too much, and her with nowhere near as much. Don't forget, pensions are now no longer an income producing vehicle, they provide capital too, for 35 years or more. The usual lifetstyling theory has to an extent, gone out of the window.
The best way to make money, is not to lose money. It took me a while to get my head around that but it's true, it has become almost a mantra. Identify first, where you are leaking (needlessly) money, whether it be in costs, fees, overhead etc, and cut back on that. If you have an expensive SIPP or fund, what can you do? In terms of risk, you might have as much return from a cheaper, better performing fund that has not as much risk, as one that carries more alpha, but is pricier and not as efficient.
Look at the passive funds first. I am just a random bloke on the internet when all is said and done so find an adviser you can sit down with and have your entire circumstances taken into account.
The best way to make money, is not to lose money. It took me a while to get my head around that but it's true, it has become almost a mantra. Identify first, where you are leaking (needlessly) money, whether it be in costs, fees, overhead etc, and cut back on that. If you have an expensive SIPP or fund, what can you do? In terms of risk, you might have as much return from a cheaper, better performing fund that has not as much risk, as one that carries more alpha, but is pricier and not as efficient.
Look at the passive funds first. I am just a random bloke on the internet when all is said and done so find an adviser you can sit down with and have your entire circumstances taken into account.
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