If you have a lump sum you won’t need to touch for some years, investing it is likely to produce better returns than leaving it in a savings account. With the Financial Conduct Authority highlighting that there are around seven million UK adults sitting on £10,000 or more but not investing, investing in even a modest chunk can be rewarding. To help you begin, the article suggests a global tracker as a simple starting point and provides information on a range of fund options.
If you have a lump sum you won’t need to touch for some years, investing it is likely to produce better returns than leaving it in a savings account.
Around seven million UK adults have £10,000 or more but not investing, according to the Financial Conduct Authority. If you have £10,000 to invest, a global tracker is a simple starting point. It is a low-cost fund that tracks thousands of companies worldwide, keeping costs down by copying a chosen index, such as the FTSE 100 or S&P 500. Holly Mackay, founder of investing website Boring Money, suggests the iShares Core MSCI World UCITS ETF as a good option.
Willing to take on more risk could consider the Scottish Mortgage, an investment trust that seeks out businesses shaking up their industries. Another highly rated choice is the Fidelity Index World Fund. For more cautious investors, the Troy Trojan Fund has a focus on preserving wealth from inflation
Investing Tracker Fund Global Tracker Global Equity Fund Private Equity Fund Scottish Mortgage
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