Any advice?

[ConnorGT96]

Any advice is appreciated!!

I am new to investing, I’ve recently just started stacking bullion (1x half sov & silver Brit p.m.) in hope that I can release some in if need be for an early pension and for my future children’s inheritance.

I have recently come across index funds, Vanguard in particular but have no clue what on earth I am looking at in regards to the stock market. The annual return rates have caught my eye but I am hesitant whether to open account due to the massive risk in comparison to precious metals.

I’m better off sticking to what I am doing or opting for £100 a month on the vanguard ISA?

I know it’s not good to put all my eggs in one basket and it’s better to diversify but I can literally only afford to do one or the other.

in this for the long haul!!

cheers!

 

[Stu]

https://monevator.com/category/investing/passive-investing-investing/
 

Have a good look over this site. A vanguard lifestyle 60/40 or 80/20 is about all most folk need. If you open a SIPP the tax office will automatically add a further £25 to your £100 each month. The vanguard platform charge  practically the lowest fees also which is key. Set up a DD and forget.  

A SIPP is a pension for long term saving which cannot access until aged 57. If you think will need money prior to this better with a stocks and shares ISA. Or could go 50/50 SIPP/ISA

Precious metals are more for asset diversification than a true investment. There’s nothing to stop you grabbing the odd oz of silver occasionally from the sales pages of the forum. A rule of thumb is to have 5 to 10% of portfolio in gold is as protection. 

If you are younger with a long time to save/invest £100 a month is a great start, sticking at it is key. If you are slightly older, like me, well being later is better than never starting at all.