ChatterBank1 min ago
Maxi I S A (recommendations please)
7 Answers
Yes I know it's a bit of a wide subject, But can anyone out there recommend a good Maxi I S A to put �7000.
Not the Halifax if you please they've got enough of our hard earned at the moment.
Ceejay
Not the Halifax if you please they've got enough of our hard earned at the moment.
Ceejay
Answers
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I'm not a financial adviser but suggest you avoid the banks like the plague as their own funds are often poor performers. . Why don't you check out the Hargreaves Lansdown website (h-l.co.uk)? They are a well known and very efficient firm of financial advisers/brokers who offer a wide range of popular funds. Theirr website has a section which gives details 150 recommended funds across all market sectors.
I've got a Maxi ISA with Invesco Perpetual that I arranged myself. If you feel confident and understand the risks involved, you can choose which funds you want to invest your money in (I chose the High Income Fund because it has been a steady performer and it's medium risk). You can find a list of the available funds from the website below - just click on Funds Centre. Another good thing about this company is that you can keep an eye on your investment all the time by getting a valuation from their website. No phone calls required!
Website - http://investor.invescoperpetual.co.uk/
Website - http://investor.invescoperpetual.co.uk/
You don't say what risk you are prepared to take and if it is medium risk I would agree with I.Perpetual High Income. A good high risk investment would be Oceanic natural resources. This is up about 27% over the last year and also I like Neptune Russia & Russia General which is up 31% over the last year. You may have trouble finding them on the Unit Trust listings though. I'm split between them 50-50. Mining stocks will do well as China grows its industry. Russia has huge potential and proximity to Europe.
If you are a first time investor, I would be very wary of going for a high risk investment, especially in Russia, as despite its natural resources, there is still a lot of instabiliy in the country. I've held Invesco Perpetual High Income for many years. It has served me well and its Fund Manager has a consistently high reputation. Many people who want growth opt for Equity Income funds, rather than Growth funds and have the income reinvested. Other good performing funds in this sector include invesco Perpetual Income, Jupiter Income, Rathbone Income, Artemis Income, all of which can be purchased through Hargreaves Lansdown whose Research section on their website will provide more details.
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