Technology stocks

By THIS IS MONEY
Updated:

 

Recently I was advised to invest with Henderson Global Technology as a long-term investment plan to enable an early pay off of my interest only mortgage which has just under 25 years to run. Is this better than increasing the amount I pay into my ISA each year? R.B. Worcester

Kim North from independent financial advisers Calkin Pattinson says: This fund is a highly speculative and a great one for adding spice to your investment. But for your core holdings you need something less volatile. As a broad guide, unless you can afford to lose a lot of money, you should not hold more than 20% of your portfolio in technology stocks.

Whether it is a better bet than adding to your ISA depends on the future performance of the fund and on what ISA investment you have at the moment. One route would be to top up your ISA with your current manager for this year, assuming you have not used up your full allowance and that you are a tax payer. Then in the next tax year, you could put your regular contributions into the technology fund.

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