So imagine I have no clue what I am doing...

[Hekatestorch]

Because I don't.

I have approx 20k. That i don't need for 4-5 years.

I have another 25k that I will need for a tax bill next year.

I have no clue how investments work. Wether to look at ISA or investment or investment ISA. Or just leave it in the bank.

Can anyone point me in the right direction of some good information?

Investments for dummies, if you will.

Many thanks

£25k In Premium Bonds or a with notice savings account. It's tax bill money so you do not want any risk of loss.

£20k to a Stocks and Shares ISA containing a global multi asset fund, at whatever risk level you can stomach. 60% equities, 80% equities or 100% equities. The longer the time period the higher the equity percentage I would go.

Good resources:
Meaningful Money
Boring Money
In Her Financial Shoes
Money To The Masses

@nannynick

£25k In Premium Bonds or a with notice savings account. It's tax bill money so you do not want any risk of loss.

£20k to a Stocks and Shares ISA containing a global multi asset fund, at whatever risk level you can stomach. 60% equities, 80% equities or 100% equities. The longer the time period the higher the equity percentage I would go.

Good resources:
Meaningful Money
Boring Money
In Her Financial Shoes
Money To The Masses

Thank you. I have set up a premium bond account.

I will take a look at the resources. I really appreciate the advice.

@nannynick I've got £35k to invest. Can you recommend a fund? We won't need it for 10 years so is that long term enough for 100% equities? Should we drip feed it in or do one lump sum?

We'll split it between DH and I in ISAs.

@Amboseli 100% equities is very risky, are you happy to take that level of risk? If you are then there are various funds you could use, Vanguard FTSE Global All Cap is quite popular and available on many ISA platforms. There may be lower cost funds available, Legal & General for example does a UK Index and an International Index Trust, which can be very cheap on some platforms.
You could do a 3 fund portfolio on Vanguard Investor, such as:
FTSE Developed World ex-U.K. Equity Index Fund
FTSE U.K. All Share Index Unit Trust
ESG Emerging Markets All Cap Equity Index Fund
This would be lower cost than doing a LifeStrategy 100% equity fund, but with less overall stocks in it as the LifeStrategy 100% equity fund contains 10 funds.

There is no right choice or wrong choice when it comes to fund selection, you need to do what you feel is right for you. There are many funds to choose from... if you are not already using an ISA platform then I would choose fund first, then choose the platform where it can be got cheapest but keeping in mind customer service, ease of use of website, automation (if doing monthly contributions).

Lump sum or Monthly contributions - Mathmatically lump sum is best but it can be hard to actually do as the risk of loss is high... you won't like putting £18k in your ISA and seeing it drop to £15k, or £12k, however much you may be telling yourself you are in it for the long term so will watch it come back up. Certainly get money in as quickly as you can, as it is time in the market which is important, but you may be happier to spread the risk over some months, not dropping it all in on day 1.

You may find videos from MeaningfulMoney useful:

This is NOT financial advice. I am a children's nanny... so do your own research

@nannynick thank you for your input, it's really helpful.

I'm fine with 100% equities.

I hadn't thought of investing in several different funds instead of the life strategy. It definitely makes sense if the charges are lower.

My feeling is that there is not going to be much growth in the FTSE 100 for quite some time as we recover from the pandemic and the fallout from brexit. What do you think?

So I think the FTSE all share is a better option and also a global fund. I want to invest in a technology fund. I've heard about Polar Capital Technology but need to do more research, although when researching what am I looking for?!

I also think it might be good to invest in a S&P 500 index fund.

I'd love to know your thoughts.

I also read that buying individual shares in Microsoft and Visa might be a good idea which makes sense on an instinctive level but I need to go by logic not instinct!

I like this guys videos..

[quote PrivateParty]I like this guys videos..

[/quote] Thanks so much for this, @PrivateParty. My NY resolution is to be less dumb about financial stuff, and this is a fantastic place to start.

Wishing you every success in 2022!