Can anyone recommend an investment ?

[Baby Huey]

I want to start paying into an investment scheme of some kind.

I have £1000 to put in now and want to put another £300/month in, and would be looking to do it over a 10 year term.

Any advice gratefully received.

[ringram]

Probably an ISA that you can self select.
Keep away from expensive funds that charge a percentage each time.
You can pay into an ISA and tracker ETF some of which even have no costs (because they loan your stocks for shorting for a fee)
You can even buy into treasuries etc depending on your risk profile.

But thats probably what Id do. YMMV

[Baby Huey]

Sorry, got distracted.

Thanks for the info. Are stock market trackers a good way to go in theory?

I guess I'd pay management fees on those wouldn't I.

[Jespin]

You will pay a management fee but it will be substantially lower than paying for active management. Should be able to keep total annual costs under 0.5% rather than the 1.5 - 2% you could pay for an active manager that may still fail to beat the index.

[ringram]

Yep on average managers fail to outperform the market. So just track the market for a minor fee.

Check out a tracker ETF

slxx is a corporate bond etf that invest in highly rated bonds yield is pretty good at present

iukd is a high yield etf in good dividend stocks

There are plenty of others to look into too.

But you should look into ISA ETF's anyway

[davemac250]

Just a word of warning from someone who does 'active management'

Trackers have a place in a portfolio. But have a look at their performance in the last 10 years. Then make your mind up. I'd say they have a very good chance of increasing from here but do not let your money stagnate in there - the up will not last for your stated investment horizon.

It is true that some 75% of funds do not 'Beat the Markets'

However, it is also true the 25% do.

Find the ones that do.

Place you money somewhere that has enough flexibility to allow you to at least follow the growth.

Manage your money, if you find you don't do that and just keep ploughing in the money, pay someone to manage it for you. As long as they show added value over your own individual approach, who cares what the fee is?