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Hargreaves Lansdown Dividend re-investment charges
Am I the only one to think that H-L's dividend re-investment fees are a bit on the high side, especially for folks with modest portfolios?Dividends are not re-invested until they reach £200 per company shares held and the charge is£10, which for £200 =5%. The other minus is that any amount below £200 remains uninvested,…
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clean share class?? IFA help please!
morning all. this morning, i set up a direct debit to drip £50 a month into an HSBC fund. i already had/have £50 dripping into a JPM Natural Resources fund. the woman on the phone asked me if i wanted to change the shares i have in the JPM fund into clean share class (or something like that). I asked her what it was and…
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Vanguard life startegy vs FTSE all index
Recently, I've been looking more into index fund and I'm wondering what the benefits of the vanguard life strategy funds are over a traditional index tracker. I don't really get the idea of splitting part of your investment into bonds unless it is a short term investment. I read that beyond 15 years stocks beat bonds 100%…
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Portfolio for a Retired parent
My mother is 63, retired and has recently inherited around £100k. She wants to get her finances in order. She has a decent teachers pension and no mortgage. She says she doesn't need any additional income on a month by month basis but will occasionally want to dip into her savings / investments for a new car, holidays etc.…
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Loaned from a parent.
Hi, I'm a MSE forum virgin so please be gentle! 10 years ago we borrowed £15,000 from my parents to help buy a house. We agreed to repay the money after 10 years + £5,000 as interest. I've worked out that this is about 3% compound interest over the term. The 'agreement' was that the interest paid would be similar to what…
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Has our IFA given us a good setup?
January 2012 the wife & i decided we really should start making plans regards a retirement fund. I saw one IFA, wasn't impressed, saw another one who seemed much better. He advised against pensions & towards S&S ISAs in our situation (one of the reasons was that we told him we were intending on buying a house in 2013,…
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Looking for a savings account
Hello. Im looking for a savings account that will be a secret from the wife. Im rubbish at keeping cash at home so i need somewhere safe and away from my wallet to save for trips and prezzies for the wife, so with that it needs to have no letters sent to me etc and i will be paying into with cash. I have a Nationwide…
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Pay off now or invest the money?
Im a little confused what the best course of action is. Ive got a loan for a course that is being funded by Barclays Finance at 0%, there is just under £2k left to pay. Ive just pulled all of my shares so have the cash available to pay this off now if i wanted to. Should I: a) continue to pay the loan off at about £150 a…
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Best Way to Invest 30k USD
I have 30k USD sitting in a US bank from some business dealings and am looking to put it to work a little. At the moment its accumulating zero interest. I have looked at a few options but nothing has jumped out at me. I don't have time or the confidence to trade in the stock market but I have read up on mutual funds and I…
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Is it worth keeping my old Building Society Accounts
I have several Building Society accounts, each with very little on deposit but before I decide to close them I wondered if they might be worth hanging on to. Is there any likelihood of the return of big payouts by Building Societies when they convert to banks or merge as used to be the case in the good old days back in…
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Where to stash £360K that I may need fast?
No, I'm not a money launderer. We have had an offer on our house but only on condition we move out fast. :eek: We don't want to make a mistake so would prefer to rent for a while until we find the right home. Is there any place we could put the proceeds of the sale - some 360K - that would earn us enough interest to pay a…
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Equiniti
I have just received a very official letter from a firm called Equiniti who "are seeking to re-establish contact with (me) in relation to an entitlement in a company where we act, or have acted, as custodian". I was just about to send off a copy a utility bill as requested when I thought I would just check if this is a…
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best account for 40k
hello my savings account is about to drop down to a pathetic 1% in a couple of weeks and i want ed to know where the best place to put my 40k balance into? i have a separate isa so don't need to use that up.The rates are so bad at the moment it is not even funny.:mad:
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Savings as Power of Attorney
I have registered POA for my elderly mum, and am trying to open a savings account on her behalf. Unfortunately all the decent ones recommended on MSE refuse to allow me to open an easy access savings account as POA. Any thoughts? How can I get a decent return for her? Ideally with an online, or phone account.
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Any tips for drawing down retirement income from a S&S Isa?
Hi there, I've had a fair bit of help from this forum in the past and I'm now planning to do the following: 1. Sell our holiday cottage in November 2013, which will release approx £175k 2. Have a look at purchased life annuity rates in place at that time, just in case they have improved significantly (not likely). 3. If…
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Santander 123 advice please
hello i have a question about the santander 123 account. do you have to have your mortgage paid into that account? i am mortgage free so am i allowed to open that account?
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Santander 123 current accounts
I was asking in my local branch as to where to put money when my e saver rate drops the member of staff said i could have multiple 123 accounts up 5 in total ,makes you think they're scared to loose investment cash |
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Inheritance Complications
When my Grandfather passed he left £xxxxx to 3 Grandchildren. GC 1 received one fund and one fund may of been withdrawn to pay for education, GC 2 has also received one fund and GC 3 is not yet 21 so has received none. It was split into 4 lots and invested equally into different funds. After the solicitor looked at the…
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Post Office Instant Saver rate drops to 1,35%
I applied online last week for an Instant Saver account with the Post Office at 2,1%, including a 2% bonus. I got the application paperwork, including account number, by post on Saturday. Today, Monday 4th February -- my first opportunity to make an initial cash deposit -- I turn up at the Post Office, only to be told…
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Cavendish fee change?
I recently helped my dad set up an S&S ISA through Cavendish. It looks like the fund he chose meant that the investment is with Fidelity Funds Network. He recently received a letter with the following: ‘You currently have an existing Ongoing Fee agreement in place on a proportion of your account number shown above. In…
