Fidelity Index World , which tracks more than 10 stock markets and has an ongoing charges figure ( OCF ) of only 0.12 per cent . He advises holding it alongside the
iShares UK Equity Index fund , which has a 0.05 per cent OCF .
Sleep suggests focusing on fund groups with a collegiate style and a bench of analysts who feed in ideas .
Scottish Mortgage Investment Trust is one example . “ It has a strong growth bias and a team of fund managers and analysts who look to the future ,” he adds . “ It is also volatile , but has done well recently . If you make regular subscriptions , you should mitigate your risk of buying it on a high .”
Fire and forget If I don ’ t have the time or energy to monitor funds , a “ fire and forget ” multi-asset portfolio offers one solution . Khalaf suggests a fund with a growth focus and a high allocation to equities .
Rathbone Enhanced Growth Portfolio could fit this bill , with around 86 per cent in shares and the rest in emerging market debt , commodities , private equity and cash . The final piece of advice is to avoid over-tinkering with the portfolio . Khalaf suggests an annual review , but if I feel more supervision is needed , I should check it no more than once a quarter – bar any significant sell-offs . While Leah ’ s time is largely spent playing with her beloved train set and reading “ The Very Hungry Caterpillar ”, her objectives will become more ambitious over the next 16 years . I hope her JISA pot will grow with them . trustnet . com