High risk fund account

Rossdoc81

Ive been thinking about investing in a fund account for the last year but was always wary of doing it. Ive been looking at the charts for the two funds I've been thinking of investing in, and they have fairly shot up in the last while.

After doing quite a bit of research I think now I am going to do it. What are people opinions of investing 2500 euro with Hargreaves Lansdown in each of these funds

http://www.h-l.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/f/fidelity-south-east-asia-accumulation

http://www.h-l.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/s/schroder-uk-alpha-plus-accumulation

Im 28, have a stable job making 40k a year, have 10k saved, and wont need the money for 3-4 years until I build a house. Im looking for a return above 10% and don't mind if its high risk.

Would this be a wise investment of 5k. I want to do it but just need some more assurance.

Thanks

homer911

those charges are very high!

kmick

Why a sterling fund? It adds the extra risk of currency moves. Sterling has had a low of 1.09 and a high of 1.23 in the last 12 months.

As regards an investment though if you are willing to go high risk be willing to lose it. The market has done well the last 18 months but spending is weak and unemployment high.

Wildrover666

Would the reward of 250/ 500 be worth investing in a 'High Risk Fund'?

For that matter, assuming you did receive proceeds of 500 from the fund, would you feel it?...Would that amount have any bearing on your life or financial stability? It's not much money especially considering that you do well from your salary alone.

I would suggest you take your portfolio in to your own hands, open an account and buy on your own behalf. The Nasdaq portion of my portfolio (which does have a relatively low risk exposure) is up at least 70% since September.

Rossdoc81

I was going to invest with Hargreaves Lansdown as they have got great reviews all over the internet. Is there an Irish equivalent? I thought that the euro would get weaker against the pound in the future with the uncertainty in europe, so if anything a sterling account would benefit me.

I don't know much about stocks and shares so I though the idea of investing in a fund where a fundmanager does the investing for you, was a good idea. But after the replys here I'm kind of put off.

I see this money sitting in my bank account and want to do something with it as I feel its wasted just sitting there. I can afford to lose the 5k.

Any reccomendations or advice is very welcome.
Thanks

Jim2007

Rossdoc81 wrote: »

Im 28, have a stable job making 40k a year, have 10k saved, and wont need the money for 3-4 years until I build a house. Im looking for a return above 10% and don't mind if its high risk.

Your time scale is way to short for investing in such high risk funds and have you seen the fees!!!!

I would suggest that before you go blowing the cash, spend some time learning about investing and money management.

Jim.