Looking for some thoughts on what to do with my £30k for this year.
My background:
Aged 42
£132k in Vanguard ISA currently
Moved all cash into S&S ISA last year having held in cash ISAs previously. Based on interest rates being low and being able to take more risks to try to get higher returns.
Already put the maximum amount into my work pension each year
Have savings and so shouldn't need to withdraw ISA funds and can leave invested for 15 - 20 years to benefit from capital growth and tax savings
I have £20k to invest this year.
No need to withdraw cash soon and so if market declines further I can hang on and (hopefully let it recover)
Anyway, I have my £132k invested in a number of funds.
Overall the value is -0.8% over 12 months
There has been substantial deviation in how the funds have performed (to be expected)
Best performer has been the S&P500 fund + 6.46%
Worst performer has been the FTSE 250 fund - 9.79%
All of my investments are in risk categories 5 and 6 and so some volatility is to be expected.
What to do next?
The S&P has performed relatively well but there are some on these boards suggesting its a bubble.
The FTSE 250 has performed badly. If I buy more now am I buying at the bottom or close to the bottom or could it slide even further.
Do i take the diversified approach and put £5k into 4 different funds (different fund types and/or different regions)?
I'm not actually looking for answers to these questions
![Very Happy :D](./images/smilies/icon_e_biggrin.gif)
Any ideas welcome.
Thanks