The Doooooooooooooonut IFA Investment Challenge

Dooooooooooooooonut

I propose to challenge IFAs to show off their fund picking skills, so reckon I need to organise a challenge - anyone up for this? We need to agree on terms of course

Lokolo

I would be up for this.... however theres only a couple and I doubt they would do this just incase FSA rules?? (I would imagine it would be classed as advice).

Would help me learn how to pick funds better though!

--- Also if you are going to run this don't go being your usual ***** self k! ---

Dooooooooooooooonut

I can't think of any way in which this would break FSA rules.

RayWolfe

This site is for money saving promotion, not for challenges by idiots with nothing to think about other than their own ego. IFAs please don't fall for this chumps egomania the board is too cluttered already with irrelevant postings.

dunstonh

Compliance rules mean we have to stick to generics. Plus, its against board rules to go into detail on funds. What we post may be taken as advice and the board doesnt like that.

Part of your mistaken view on IFAs is that we are stock pickers. We are not. We are financial planners. Selecting investments is just part of the role but for many IFAs it is a very small part. For others it is a larger part (as they may specialise more in that area). Personally, i try to work to either sector allocation on portfolios built to specific risk profiles and timescales or use a high yield strategy. The individual funds recommended only result in a small part of the overall return. Sector allocation, rebalancing and adjusting for risk changes and timescales plays a far greater part in returns. Sometimes you tweak a little but thats about it.

Picking what fund is going to be best going forward is futile as there is little chance of knowing what it will be and what time period it will be best in.

chopperharris

Well how about this then , we set it up for a charity , participants donate a quid , and split it down between the registered ifas that float about on here.

Whom loses , no one , and at the end the winner gets a heart warming trophy from martin himself....and a charity hopefully gets money they werent going to get anyway.

In these times of money worries it would make a good feature , no names need to be given except to martin.

end game is 31 dec....anyone up for posting a quid , before the stamps cost more.

I cant be bothered to look at my ifa managed portfolio for the rest of the year , 20 percent down.