Long Term Saving/Investing Strategy

I was thinking a good strategy might be to invest mostly in passive funds like Vanguard LifeStrategy (with a high equity/bond ratio) and then have around 20% of my portfolio in high risk funds like technology, biotech, or small cap (these funds would be managed and might come with higher fees but have a much higher upside). I am willing to accept quite a lot of volatility because I am young and want high returns. Does anyone have any advice relating to this?

Excellent choice of funds and (imo) investment strategy. Im a big fan of low cost index tracker funds and passively invest into the Lifestrategy 80 Acc fund each month.

Out of interest how much do drip into it each month and how much do you hold there.

Wack most of it in a tracker fund i.e FTSE All-share and drip feed most of it in there. I'd also grab a copy of the Investors Chronicles only £35 quarterly - I've made about a grand from tips in this magazine over the past year or so. Obviously do your own research around companies to invest in and whether they suit your risk appetite.

When you've also got a bit of spare cash, dabble into Spread Betting - would stay away from FX though, way too volatile. Indices are a lot easier to trade.