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if you need the money in the next 5-7 years the stock market is not the best place for your money. If however you can afford to keep it there for 5+ years you have to accept loss days are part of the cycle and need to look longer term.
Try and avoid being in only one asset type. The All-wold is perfect for this.
@zaphic97
Your advice is really helpful and much appreciated. Thank you
Everything depends on one’s personal circumstances. Before you move everything, ensure that you still have a cash emergency fund. This could be as little as £1,000, or as much as 12 months living costs. Precisely how much depends on the security of one’s income.
As for what to invest in, VWRP is a great choice. Personally, I prefer FTAW as it tracks the same index, but is slightly cheaper.
Personally I have VWRP, XUSE and lastly AVSG, this is a managed fund with slightly higher costs than VALL, it covers small cap companies but is managed to ensure it keeps out rubbish like meme coins and such.
I opted for these to ensure a lot of diversification, VWRP is an all world fund that covers everything, XUSE is emerging markets and excludes the US which is very tech heavy, and AVSG is the small cap companies.
Like some have said you have to look into what investments suit your own personal needs and goals, age is an important factor too, always look for the most tax efficient method to invest as well, the taxman already has his hands in our pockets, don’t give them the opportunity to dig a bit deeper in them.
Good Luck.
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Hi. I am a 54 year old who is just starting out in ISA stocks and shares. I have had money sat in savings accounts that are paying below the rate of inflation! Also, with my age, I want to make up for lost time. Any advice would be gratefully received, thanks.