Beginning a brand new ISA within the new 2024 yr and don’t know which shares to purchase? It’s tempting to go for strong FTSE 100 shares at first. And that may be an awesome technique.

However I see quite a bit that appear to be nice starter shares within the FTSE 250 too. And it’s good to contemplate extra choices, proper?

I can’t take into consideration a brand new ISA with out speaking about about funding trusts. An funding belief spreads its money throughout a spread of investments in its chosen technique.

So if we purchase shares in a single, we successfully get some good diversification instantly. And that may be nice for a brand new ISA. Oh, and as we grow to be an element proprietor within the belief, there are not any fats cats creaming off the income.

Funding trusts

I purchased some Metropolis of London Funding Belief shares, for instance. It buys principally prime FTSE 100 shares, and goals to boost its dividend annually. At present on a 5% dividend yield, it’s achieved that feat for 57 years in a row.

There’s all the time a threat {that a} dividend fall may harm the share value, however I feel it’s low.

Different funding trusts I’d contemplate for a brand new Shares and Shares ISA embody Bankers Funding Belief, with a world outlook.

I additionally like Scottish Mortgage Funding Belief, with its riskier give attention to US progress shares. There’s room in my ISA for just a few shares of that one.

Actual property

Suppose there’s revenue to be comprised of actual property, however don’t need the danger and trouble of a buy-to-let mortgage?

Me too, and that’s why I’ve Main Well being Properties (LSE: PHP) lined up. The true property funding belief (REIT) may nicely be my first new FTSE 250 ISA purchase this yr.

It’s not only a play on property costs. It invests in GP surgical procedures and different healthcare amenities to hire to the NHS and different suppliers. And the rental earnings has regarded fairly safe in recent times.

Now, it does have quite a lot of debt. And there’s all the time a threat when coping with the NHS of the federal government altering its outsourcing insurance policies.

However there’s a forecast dividend yield of seven.3% this yr. And I just like the long-term outlook.

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Low-cost telly

TV producer and brodcaster ITV appears to be like like long-term purchase to me too. And if I purchase some, it might additionally assist with my diversification as I’ve nothing related on my checklist.

The ITV share value is down over 5 years, partly by way of weak advert income through the Covid and inflation years.

The longer term remains to be unsure on that rating, so the shares would possibly keep weak in 2024. However a 6.8% dividend yield appears to be like good to me. And the agency is shopping for again its personal shares, so it appears to see itself as low-cost.