I am 18 years old and want to invest for the first time. Individual stocks are too risky for me and I don't know enough about the market to invest properly. Thus, I have opted to go with index funds and hopefully get a better return than at the banks and also above inflation. I have heard vanguard is probably the best for me as it's cheap and widely used. I have selected two funds which I would like to invest in monthly, smallish amounts (£300 in total).
I have selected:
- Target retirement 2060 fund (I will be around 60 years old, the allocation is 80/20 stocks/bonds)
- S&P 500 UCITS ETF (VUSA) which basically bets on the US stock market
Note: I have just entered a workplace pension scheme so not 100% on the target retirement fund, although I have an excess of money at the end of each month and plenty of savings doing nothing- which I won't miss and want to work harder for me.
Any help is greatly appreciated.
Submitted September 03, 2018 at 04:33AM by kidinvestor https://ift.tt/2NEn3Ol
