What fund is suitable for us?

| 29/05/2018 | 3

  • Robo Adviser
  • Funds

Question in full

I have recently started to follow you as I have a private investor with some funds to invest and to be frank I really like the way you explain things for investors like me and the layout of your website, well done ! I am interested in the Fund piece that Holly refers to in todays Money Supplement in the ST’s with 'Lindsell Train Global Equity'. I am looking for a fund for myself (54 yrs old) but also my son (19 yrs old). Is this fund suitable for either of us with an investment strategy of 10 years +.

Holly Mackay's Response

Hi Richard,

Thanks for your note. Glad you like what we do - thank you. I can't offer specific advice as I don’t know your circumstances.

What I suggest is this.

You're looking at 10+ years. This suggests a portfolio of shares and you can afford to take some risk about volatility.
I think spreading risk around is a good idea. So maybe think about splitting your money amongst a few funds.
The Lindsell Train fund has worked well for me. It's an active fund - so you pay someone to make decisions about shares, rather than buy all of the major ones.

You could do worse than think about having a low-cost 'passive' foundation to your investments - I have the Vanguard Life Strategy fund 100% equity. 80% will be a smoother path but could return less. I think having this as a core is a low-cost easy way to invest a chunk.

You might want a UK fund - Woodford's Equity Income fund is good - as is Terry Smith's Fundsmith fund.

And maybe an Emerging Markets fund or another international one to spread your investments about. I have JP Morgan's Emerging Markets fund. First State have some decent funds too - I think one was mentioned in today's Times as well.

An alternative for your son which might actually interest him is Nutmeg - a better digital option.

If you want some help you could do worse than look at Hargreaves Lansdown which is an online broker - and check out their Wealth 150+ range of funds - their analysts' preferred picks and they should help you to filter out the rubbish! Good luck - I think spreading your bets amongst a few funds and a few regions is sensible. And get that validation from the online brokers' preferred fund lists?



Just be aware...

We are not regulated to give personal financial advice - This isn’t full-fat regulated financial advice. Boring Money is a publisher and not regulated by the FCA. 

This means we can't help with specific personal circumstances or recommend specific investment products. It also basically means that if we say something daft, you have no recourse to come back and complain.

We’re only allowed to give you a steer or share an opinion or tell you the facts - That said, we promise that our answer to you is an independent unbiased perspective with no commercial gain to make. If you need regulated financial advice, you can find a good adviser via sites such as Unbiased & Vouchedfor.

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Holly Mackay

Founder and MD of Boring Money, Holly Mackay has been working in the investments space since 1998. She read Modern Languages at Oxford, with a special focus on Mediaeval French which was deeply interesting and arguably utterly useless.

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