Multi Manager Funds - Hargreaves Lansdown

Lokolo

Well I did just added £50 in each for this month

fimonkey

Lol, thanks for all the replies. Glad I asked here, as a complete newbie to investing I'm also clearly a potential sucker at the moment! .. I liked the idea of these cos I just didn't know WHICH fund of my own to choose, but warnings headed, many thanks!...

.. SO back to the drawing board. I want to 'invest' an initial sum of £1K followed by £50 per month (or £100 per every other month if that is the minimum investment) and I want to hold it in an S&S ISA and pay the minimum in fee's but have the highest return for capital growth (not yet worked out what 'yields', 'p/e', and other terms really mean to me yet) and I'd say my risk is probably medium to medium low.

Am I back to the drawing board? At this rate I'll be ready to take the plunge in 10 yrs time!

(PS, have to add, I'm not lazy, just slow to understand maths and financial stuff).

Thanks all for your useful info.

PS, whats a global investment? examples please.

PPS, I don;t have an 'IFA' I'm doing all this off my own back. Don't see the point in paying someone to tell me to put my money in things/places I don't really understand. Is this a foolish attitude and should I see an IFA and pay the appropriate fee's to them for their advice? (though In a previous thread, the consensus is that no IFA would be interested in an initial investment of £1K followed by £50pm).

cheerfulcat

whats a global investment? examples please.

Global generalist investment trusts can hold investments in any region/sector which the manager chooses ( contrasted with a specialist or region-specific fund ). The manager will still have a specific remit - for example the Cayenne IT has as its objective " to achieve consistent positive absolute returns " - and usually a benchmark ( in this case the FTSE WI World index ). You can read more about investment trusts at theaic.co.uk.

RayWolfe

fimonkey wrote: »

PS, whats a global investment? examples please.

Spend some time here:
http://www.trustnet.com/Investments/Perf.aspx?univ=T&Pf_AssetClass=A:&Pf_Sector=T:IG&Pf_sortedColumn=NameFull&Pf_sortedDirection=Asc

dunstonh

PPS, I don;t have an 'IFA' I'm doing all this off my own back. Don't see the point in paying someone to tell me to put my money in things/places I don't really understand. Is this a foolish attitude and should I see an IFA and pay the appropriate fee's to them for their advice? (though In a previous thread, the consensus is that no IFA would be interested in an initial investment of £1K followed by £50pm).

If you had gone down the MM route then the net charges would have been almost certainly more over the long run but just taken a different way.

A contribution of that size wont be cost effective for most IFAs. They wont be able to offer you decent terms (e.g. discounting) as the transaction will only pay them around £30 on maximum commission and fee basis will not be cost effective to you.

If you already had a relationship with an IFA then many would transact small transactions like this at nil commission or a nominal charge (say 1%) and take a wider view of their business with you. Same with family members.

You are probably best doing this one by yourself.

Dooooooooooooooonut

dunstonh wrote: »

You are probably best doing this one by yourself.

If you are remotely intelligent... or even not terribly stupid, you are almost certainly* better off doing any kind of investment by yourself. It is more effort, of course, to learn the principles of sensible investment but if you do so (and it would be an excellent idea) then your IFA will be of no use to you

*The exceptions are not worth mentioning here and effectively apply only to HNW individuals

Lokolo

Why did you quote dunstonh? I couldn't tell if you were responding to him or the OP, but if you were responding to him then I am a bit confused as you think you are disagreeing with him because you both said the same thing?

sabretoothtigger

What qualifies as HNW nowadays anyhow, seven figures ?

greenface

Dooooooooooooooonut wrote: »

If you are remotely intelligent... or even not terribly stupid, you are almost certainly* better off doing any kind of investment by yourself. It is more effort, of course, to learn the principles of sensible investment but if you do so (and it would be an excellent idea) then your IFA will be of no use to you

*The exceptions are not worth mentioning here and effectively apply only to HNW individuals

To be honest this !!!!!! has been getting on my nerves since post one.

What you say can make sense but dooooooont be-little every post you make by your angry attitude towards IFAs. What people say here is generally helpful wether you agree or not.
Dunstonh has just explained why it is best to avoid his services with a reasoning to back it up you post part of his quote with a insult .

I belive you to be remotely intellegent and not terribly stupid so unless you offer practical advice to a new poster on a important subject without a angry rant to IFAs start your own thread.

Dooooooooooooooonut

My message is not one that is popular on this forum; therefore it is all the more important I repeat it at every opportunity

If enough other posters were echoing my points then there would be no need, but as they are not I see it as something of a mission of mine to correct some exceptionally common misconceptions that are held by the layperson - and I'm not afraid to be aggressive about combating them.

I am not targeting IFAs in particular, just the general soothsayer class.