Investing £1000 Per month

Investing £1000 Per month

Author
Discussion

scotlandtim

Original Poster:

385 posts

143 months

Monday 23rd June
quotequote all
I'm looking to invest £1000 per month.

Plan is to maximise on my investment, don't need to be able to access it immediately, happy to go for medium risk portfolio but not high risk.

Would like to have option NOT to pay in some months, should something arise, so don't want to be on a fixed pay in scheme.

Where would you look to put this money?

In Summary

hope to pay in £1000 per month, but with flexibility - could be more or less
Dn't need to access it
Medium risk


Thanks!


ecs

1,367 posts

185 months

Monday 23rd June
quotequote all
Vanguard for an ISA or SIPP? You choose your risk and pay your money in by debit card whenever you want.

fat80b

2,810 posts

236 months

Monday 23rd June
quotequote all
It depends on what you already have in the various different pots already.
Assuming nothing. Then the order looks something like

1) emergency fund.
2) pension
3) ISA.

Or possibly housing at 2) if not already on the ladder

ferret50

2,256 posts

24 months

Wednesday 25th June
quotequote all
Premium Bonds?

Can vary the monthly in, get instant access and a modest return with little risk.

Tommie38

898 posts

209 months

Wednesday 25th June
quotequote all
fat80b said:
It depends on what you already have in the various different pots already.
Assuming nothing. Then the order looks something like

1) emergency fund.
2) pension
3) ISA.

Or possibly housing at 2) if not already on the ladder
Why pension before ISA? Genuine question.

Philvrs

642 posts

112 months

Thursday 26th June
quotequote all
Even though instant access isn’t a high requirement, don’t overlook a flexible isa vs regular isa

fat80b

2,810 posts

236 months

Thursday 26th June
quotequote all
Tommie38 said:
Why pension before ISA? Genuine question.
It somewhat depends on the situation, but given the OP said "don't need access to it", and assuming they are in employment, I'd be thinking that the benefit of tax relief on the pension vs no tax relief (on the way in) on the ISA makes the pension more attractive. (More so if you can get an employer to contribute the ER NI in as well via sal sac).

For a higher rate tax payer, you'd get a 40% uplift on the money in the pension vs the same amount in an ISA.

i.e. In an ISA, your 1K is worth 1K - c.f. In a pension, it is immediately worth £1250 (plus then any additional tax relief as a rebate).

jimothyc

656 posts

99 months

Thursday 26th June
quotequote all
I’d probably setup a stocks and shares isa with Vanguard or Freetrade and put it in a couple of index tracking funds like S&P 500 etc.

Ticks the boxes of medium risk, is tax efficient and has access if required without too much of a wait. 1000 a month will be below your 20k per year isa limit, so there’s scope to start saving more later if you want to and you can easily skip a month if needs be.

Boosh-36

65 posts

119 months

Thursday 26th June
quotequote all
stocks and shares isa and mash into an ETF (or spread it across several) every month.

okgo

40,464 posts

213 months

Thursday 26th June
quotequote all
Investing in sp500 is quite far from medium risk. Equally buying premium bonds is about as much use as Anne franks drumkit as an investment.

There will be a life strategy product that likely fits the bill.

asfault

13,179 posts

194 months

Thursday 26th June
quotequote all
okgo said:
Investing in sp500 is quite far from medium risk. Equally buying premium bonds is about as much use as Anne franks drumkit as an investment.

There will be a life strategy product that likely fits the bill.
Anne franks drumkit lol. I must remember that one

Jakey123

253 posts

160 months

Friday 27th June
quotequote all
FTSE Global all cap - SIPP or ISA depending on when you feel you will need it.

One gets taxed on way in, one gets taxed on way out.

lizardbrain

2,834 posts

52 months

Friday 27th June
quotequote all
Presumably more likely to be better for tax on way out when retired and the big expenses are death with, so can live on lower income

8-P

2,990 posts

275 months

Friday 27th June
quotequote all
I invest a similar amount.

£300 first direct regular save 7.5%(max allowed)
£300 Zopa regular saver 7%
£600 across 4 funds in a stocks and shares isa

Jakey123

253 posts

160 months

Friday 27th June
quotequote all
lizardbrain said:
Presumably more likely to be better for tax on way out when retired and the big expenses are death with, so can live on lower income
Not better if you've piled all your savings into a SIPP and suddenly need it at 50.
Very situation dependant.

Pension clear winner if higher rate tax due to 40% boost on contributions on way in also. Just need to try and avoid the 40% on way out.
But gives you a head start on compounding

NickZ24

294 posts

82 months

Friday 27th June
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Better spread it around,
place 100 on shares, 100 on Crypto, 100 on ETF and so on.

RSTurboPaul

12,019 posts

273 months

Friday 27th June
quotequote all
Could include Britannias / Sovereigns in the size and metal(s) of your choice.

DT1975

820 posts

43 months

Saturday 28th June
quotequote all
scotlandtim said:
I'm looking to invest £1000 per month.

Plan is to maximise on my investment, don't need to be able to access it immediately, happy to go for medium risk portfolio but not high risk.

Would like to have option NOT to pay in some months, should something arise, so don't want to be on a fixed pay in scheme.

Where would you look to put this money?

In Summary

hope to pay in £1000 per month, but with flexibility - could be more or less
Dn't need to access it
Medium risk


Thanks!
We started do this in 2013/14 once the mortgage was paid off, pensions sorted. About a grand a month give or take into Vanguard VLS60 so medium risk, some into VLS80 when I got a bit more adventurous. It's up at a decent sum now.

Cats_pyjamas

1,722 posts

163 months

Saturday 28th June
quotequote all
I too, started with vls 60, then 80, now just pile into vls100. Albeit £400/month.

Premium bonds can be a useful tool, but they certainly aren't an investment!

Only invest what you can afford to lose ectect.

FourCs

40 posts

63 months

Saturday 28th June
quotequote all
Put it all in Bitcoin.

Thank me later. Nothing else comes close.