The next step....

[didds]

As of 0700 when the funds cleared Mrs Didds and I are now mortgage free.

Which frees up several hundreds of pounds per month ... which we will now squirrel away into some pathetically inadequate retirement fund I appreciate that in reality that won't yield an enormous fund/amount - more a case of every litle helps etc

I'm thinking along the lines of tracker funds - albeit at age 56/57 we're probably only got a decade or maybe 15-ish years time to save anything in reality . So any generic suggestions would be welcomed to get a feel for what we can do . I don't have the inclination to constantly research buy/sell so direct investments probably aren't for us (which in reality means me ).

cheers

didds

[JuanDB]

Congratulations on paying off the mortgage! A big step and one I plan to follow within the the next year.

I would suggest something like the vanguard life strategy or target retirement products are worth a look for what you describe. Low cost broadly diversified trackers balanced with bond funds to manage risk to a retirement.

Thanks,

Juan.

[Slarti]

My own strategy was a fixed rate one year for the first year and then cash that and invest into a self select ISA, mainly bought on a long term buy and hold with the holdings split between 50% purchased for growth the other 50% for dividends.

Despite some real stinkers (anything retail, Marconi, Barclays) I have achieved over 15% growth per annum, which is way more than I can see getting from any other for of savings.

I tend to only look at them one a month.

Slarti

[Howard]

My own strategy was a fixed rate one year for the first year and then cash that and invest into a self select ISA, mainly bought on a long term buy and hold with the holdings split between 50% purchased for growth the other 50% for dividends.

Despite some real stinkers (anything retail, Marconi, Barclays) I have achieved over 15% growth per annum, which is way more than I can see getting from any other for of savings.

I tend to only look at them one a month.

Slarti

Blimey 15% pa.

Has Warren Buffett contacted you for investment advice?

How long have you maintained your investment performance at this rate?

Yours respectfully

Howard