Moneyextra

Conservative - You prefer very stable returns even if this means the long term returns may be lower. You are however prepared to invest a small proportion in equities to provide a small proportion of real growth.

Conservative/Balanced - Taking a cautious approach to risk, you prefer stable returns even if this means the long-term return is lower. However, you are prepared to invest approximately a quarter of your assets in equities to provide some "real" growth.

Balanced - You are willing to accept moderate volatility for the chance of higher long term returns. Approximately half or more than half of your assets will be invested in equities to provide "real" longer term growth.

Speculative - You are willing to accept more volatility for the chance of higher long term returns. As you begin to tend towards being speculative, almost three-quarters of your assets will be invested in equities to provide "real" medium to longer term growth. Along with conventional equity markets, you wish to consider a small amount in adventurous areas such as Venture Capital Trusts and Enterprise Investment Schemes.

Very Speculative - You are willing to accept higher volatility for the chance of higher long term returns. Along with conventional equity markets, you wish to consider an increased amount in adventurous areas such as Venture Capital Trusts and Enterprise Investment Schemes or Private Equity areas through to very high volatility for the chance of higher long term returns. Your portfolio may even be fully equity invested.

Past performance is not necessarily a guide to future performance, and may not be repeated.The value of stocks and shares ISAs can go down as well as up and may therefore not return the full value of your original investment.