Advice for the Older Investor!
Discussion
Groat said:
valiant said:
Invest it at 90?
Are you serious? Unless you want to keep it for the kids or grandkids just get it spent!
Might as well go out with a smile on your face…
Serious question.....what would you spend it on? (giving it away doesn't count)Are you serious? Unless you want to keep it for the kids or grandkids just get it spent!
Might as well go out with a smile on your face…
Stella Tortoise said:
The Mad Monk said:
What shal I do?
What about if you haven't got long term? Lets say you are near 90 than 80? Money scattered over Premium Bonds, ISAs, small amount with Vanguard. No real structure with investments. Perhaps £100k to invest?
Pile it all in Vanguard?
You’re nearly 90?What about if you haven't got long term? Lets say you are near 90 than 80? Money scattered over Premium Bonds, ISAs, small amount with Vanguard. No real structure with investments. Perhaps £100k to invest?
Pile it all in Vanguard?
I can express it as neare 100 than 70, does that help?
No nice way to say this so apologies 
Just think risk/reward i.e. to try and grow it quickly means you could also lose it quickly.
On paper it should come back but that takes time.
There are more cautious investment options where they probably won't grow as quickly but hopefully there isn't as much risk on the downside.
I'd think what are your goals if you do invest it and also do you definitely mean investing and not saving i.e. if you put £100K in do you expect to see at least £100K in there if you ever need to dip into it?
Just think risk/reward i.e. to try and grow it quickly means you could also lose it quickly.
On paper it should come back but that takes time.
There are more cautious investment options where they probably won't grow as quickly but hopefully there isn't as much risk on the downside.
I'd think what are your goals if you do invest it and also do you definitely mean investing and not saving i.e. if you put £100K in do you expect to see at least £100K in there if you ever need to dip into it?
b
hstewie said:
hstewie said: No nice way to say this so apologies
Just think risk/reward i.e. to try and grow it quickly means you could also lose it quickly.
On paper it should come back but that takes time.
There are more cautious investment options where they probably won't grow as quickly but hopefully there isn't as much risk on the downside.
I'd think what are your goals if you do invest it and also do you definitely mean investing and not saving i.e. if you put £100K in do you expect to see at least £100K in there if you ever need to dip into it?
Thank you.Just think risk/reward i.e. to try and grow it quickly means you could also lose it quickly.
On paper it should come back but that takes time.
There are more cautious investment options where they probably won't grow as quickly but hopefully there isn't as much risk on the downside.
I'd think what are your goals if you do invest it and also do you definitely mean investing and not saving i.e. if you put £100K in do you expect to see at least £100K in there if you ever need to dip into it?
I have enough ready access money for any unforseen eventualities, so I should really tidy up my investments, probably get the bulk of them under one organisation - say, Vanguard. Or does it make more more sense to keep them in different holdings in different companies?
I am not looking for a quick, high rate return, that would, I think, be foolish.
I'd say don't focus on the provider, such as Vanguard, instead focus on what they are invested in. If you go down the Vanguard route, I recommend limiting your exposure to equities (share) and invest in safer assets such as bonds. That way you should see reasonable growth without higher risk.
The Mad Monk said:
Thank you.
I have enough ready access money for any unforseen eventualities, so I should really tidy up my investments, probably get the bulk of them under one organisation - say, Vanguard. Or does it make more more sense to keep them in different holdings in different companies?
I am not looking for a quick, high rate return, that would, I think, be foolish.
I'm not sure of too many ways to consolidate things down once you get to a certain point.I have enough ready access money for any unforseen eventualities, so I should really tidy up my investments, probably get the bulk of them under one organisation - say, Vanguard. Or does it make more more sense to keep them in different holdings in different companies?
I am not looking for a quick, high rate return, that would, I think, be foolish.
Vanguard is sensible for stocks and shares and I wouldn't worry about them going anywhere as a business.
Premium Bonds are sensible and of course you have to use NS&I for those.
If the other ISA's are cash ISA's I guess you've the option to either consolidate those down into one cash ISA provider or you could bring them into a S&S ISA at Vanguard but then you're moving from cash (no risk bar inflation) to something that carries some risk.
Not sure you get away from needing several accounts with different providers though I certainly haven't found a way that I'd be happy with.
BorkBorkBork said:
bristolbaron said:
If I reach that age I won’t even be buying green bananas.
That tickled me. 
Or black.
Either way, my investments at that time of life would worry less about market growth, & more about shorter term fun!
(no offence, OP: congrats on your longevity as a PHer!!)
Gassing Station | Finance | Top of Page | What's New | My Stuff