Please forward this error screen to 185. How to invest $250000 forward this error screen to 209. Do you want a ‘feelgood’ Isa?
MAGGIE PAGANO: Has extravagantly paid WPP boss Martin Sorrell just shot himself? Will you get a tax cut this year? Millions see take-home pay rise on Friday – but savers and landlords will lose. Nephew chairman Roberto Quarta lose two chief execs in one day? What an INJUSTICE: Readers slam insurer Ageas for denying a payout to family whose home burnt down So now will they cough up? INVESTMENT CLINIC: I want to start a stocks and shares Isa – should I rush to beat the tax year end?
Beat cash Isa deadline with top fixed deal at 1. 250,000 to invest After using my Isa allowance I am thinking of putting half into shares and the other half into a high yield bond fund. Do you think this is sensible? Shaun Godfrey, managing director at IFA Munroe James Ltd replies: My direct answer would be no, it doesn’t seem sensible.
If a client came to me with this question, my starting point would be that I needed to know much more, including their age, any other investments, lifestyle objectives, other assets, likely term of investments, whether they need growth or income, and so on. Without this information I can only make some assumptions. So, I’m assuming you are looking for growth and over a reasonable time frame. Your interest in buying shares shows some acceptance of risk.
After the volatility of the investment markets over the past three years, I would be inclined to recommend a more diverse approach. I would look to keep a small element in cash, in case you need it. Beyond that, I would use collective funds such as Oeics and investment trusts, to ensure diversification. If you want to do this to reduce volatility or risk, then there are other ways to achieve this. 10 years, rather than investing on a ‘hope for growth’ principle. Then I would use a range of funds to create a targeted yield for most of the money, but not just relying on equities because many fund managers are using what are referred to as alternative or non-correlated assets, such as life settlement, forestry and secured lending funds to balance the portfolio. By taking this approach you will have a portfolio of funds that have some defensive qualities, but is also well positioned to take advantage of economic growth as it happens.
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