Aegon or somewhere else for stocks and shares ISAs - or don't risk it??
Posted: January 19th, 2024, 1:53 pm
A bit confused right now. We've had a bad few years financially - equities investments falling in value, plus my husband's business failing. We have some savings left, but we also have to factor in a few more years of private school fees for the kids (particularly once VAT hits).
We have financial advisors but I've been less than impressed by their performance over the years and I'm trying to manage more myself. Spooked by losses of recent years, with the uncertainty of market performance going forward, and the certainty of school fees, my initial instinct was initially to maximise cash ISAS and high interest savings accounts. I have put things in place to have enough 'no risk' funds to get us through to the beginning of 2026.
My question is how much to risk the rest of the available funds, and the best home for it? I currently have a stocks and shares ISA with Aegon but it has performed badly in recent years. Would it be worth leaving it alone in the hope that it recovers, or should I move it somewhere else? Hargreaves Landsdown? A fundsmith ISA? Or given that I will need to draw out funds in two year's time, is a stocks and shares ISA just too volatile to risk?
We have financial advisors but I've been less than impressed by their performance over the years and I'm trying to manage more myself. Spooked by losses of recent years, with the uncertainty of market performance going forward, and the certainty of school fees, my initial instinct was initially to maximise cash ISAS and high interest savings accounts. I have put things in place to have enough 'no risk' funds to get us through to the beginning of 2026.
My question is how much to risk the rest of the available funds, and the best home for it? I currently have a stocks and shares ISA with Aegon but it has performed badly in recent years. Would it be worth leaving it alone in the hope that it recovers, or should I move it somewhere else? Hargreaves Landsdown? A fundsmith ISA? Or given that I will need to draw out funds in two year's time, is a stocks and shares ISA just too volatile to risk?