Hi, I live in the UK and I save about £1000 every months but I am yet to find a good strategy to invest them.
I am doing a budget and that £1000/month are pure savings and I don't really plan to use them in the short term as I am already covered by an emergency fund and by a rainy day fund for other unplanned expenses.
Since I am still not too confident in my investing skills I'd like to start simple, keeping part of them in cash/shortish terms investments and part in an investment fund (I was thinking at one of the Vanguard Lifestrategy funds). I'd like to have some cash/short term investments either because I would feel safer in case of some very bad emergency situation and because at the moment I am renting and I can imagine that in the short/medium term I'll be needing to put a deposit on an apartment.
My main doubt is about how I should allocate that extra £1000/month so that I get a balanced but yet meaningful investment. Ideally I don't want to put too much on the fund but I am afraid there is a threshold under which it is not worth to use a found at all.
Can you please give me some advice?