Excited to start the long term investment journey today. I am in my early 30s, so starting later than I would have liked, but have now managed to clear all my debt and got a promotion a few months back so suddenly seeing more available income. I have also put aside what I deem a rainy day fund suitable for 3 to 4 months expenses. My goal is to grow money above inflation and hopefully see some decent returns too (my money was previously just sitting in a cash ISA getting 0.1% interest.
I have put £7000 into a Vanguard Stocks and Shares ISA after reading some suggested material (many videos and the investing for Beginners article series).
This comprises 80% into LifeStrategy® 100% Equity Fund - Accumulation (moderate risk), 10% into Global Small-Cap Index Fund - Accumulation (high risk), and the last 10% into Global Bond Index Fund - Hedged Accumulation (low risk )
This aligns to my moderate risk approach to investing now as I am starting out and look for growth with any potential hits being recoverable in the long term.
Would be keen to get others' thoughts on the above funds/approach. My plan is to add around £400 a month moving forward, maintaing the % split mentioned.
Submitted February 13, 2021 at 05:50AM by AdamWakelingPhoto https://ift.tt/3rSqpkS
