fund advice

Myrmidon_J

Dooooooooooooooonut wrote: »

Sure, but the best guide for something like this is not those run of the mill recessions...

I think the major difference between the depression of the 1930s and the recessions of the late 20th century, and our current predicament, is the extent to which globalisation and (somewhat hysterical) media involvement have magnified the causes - and effects.

Only if markets are entirely efficient, and I know you don't believe that.

Another interesting topic to muse is the effect of the spawning of a global internet - e.g. lower information and transaction costs - on the efficiency of the market.

Any thoughts?

whiteflag_3

Dooooooooooooooonut wrote: »

Making a lot of assumptions, sure... to the extent the forecast will be worse than useless most likely. Do you see what I'm saying here?

Yep , youve got it in one.

Assumptions are the most important thing, so the skill of the planner is getting the assumptions agreed with the client, not like your old fashioned IFA whos trying to pick the best fund.

Oh I did say they are very sophisticated didnt I , the aim being the results are not next to useless!

whiteflag_3

Dooooooooooooooonut wrote: »

But you would agree the assumptions are meaningless, yes?

No.

Are you saying people are not capable of making assumptions or are you suggesting that once made the assumptions would never be reviewed?

whiteflag_3

Dooooooooooooooonut wrote: »

I am saying the assumptions are too uncertain to be meaningful

so your saying if you make sensible agreed assumptions and put together a plan to work forward from, that is going to no better than the current IFA route of trying to pick the best fund and hope?

Lokolo

I assume that in a few years I will be earning £25,000, of which I have started to make plans for my future based around this. This is a probably assumption.

I assume that by 25 I will be a millionaire so I plan to buy Wales and run by own empire. This is an unlikely (I used unlikely and not impossible ) assumption.

I think if you can make resonble assumptions they are rather meaningful.

dunstonh

The planning tools are not designed with a one off look. You input the details then keep them updated and provide reviews and update as you go along. The whole thing is fluid as you cannot tell what is going to happen. However, they are the best you can get because planning and keeping under review is far better than doing nothing or taking a random guess.

A lot of decisions made are judgement calls based on data you have available. Some will be right, some will be wrong. As long as the assumptions are correct and information presented correctly then that is all you can ask for until the day that a crystal ball is invented.

whiteflag_3

dunstonh wrote: »

The planning tools are not designed with a one off look. You input the details then keep them updated and provide reviews and update as you go along.

Yep and thats where you can add real value ( and charge fees for )!

westy69

whiteflag wrote: »

Yep, your ticking all the boxes Westy, quite happy until things dont go your way. You havent answered as you cant without making yourself look stupid.

Dont post on these forums if you cant cope with anybody not backing you 100% . Its amazing you choose to ignore with the professionals while taking comfort from the likes of hedger, who would appear to not even understand the status of his adviser , let alone investing.

Dont be a keyboard warrior whiteflag, i have said from the start i have no idea what i am doing hence asking for advice, i dont want backing i want opinions, advice and information none of which you seem capable of offering.

Answer me this - what do i want backing with?

what do you want me to answer? - if its regards to what has my new FA done then he advised me to leave the funds as they are for now, but having learned that maybe its wise to get more than one opinion thats what i will do i will ask another IFA and another if i want as long as you have no objections that is :rotfl:

and maybe Hedger doesnt understand the role of his advisor, matbe i dont maybe 000's of people dont are you an expert on everything?

EdInvestor

westy69 wrote: »

if its regards to what has my new FA done then he advised me to leave the funds as they are for now,

I would agree with him.The combination of a cash-like fund and a distribution fund (depending on the percentage in each) would appear to match your cautious profile.

purch

have you considered taking your IFA's daughter?

In the 'Biblical' way, or just a straightforward kidnap ???