St James's Place Income Distribution Bond

dunstonh

I don't really want to put the whole lot into just one place. Plenty to think about!

With modern wrap platforms (nice technical jargon there!!), you can invest in once place to get a single statement but have the money spread round various investment houses, sectors and funds. It is indeed unusual to get a single investment recommended nowadays and anyone did recommend just one fund, that should put you on guard about the ability and knowledge of that individual.

jaybee

dunstonh wrote:

With modern wrap platforms (nice technical jargon there!!), you can invest in once place to get a single statement but have the money spread round various investment houses, sectors and funds. It is indeed unusual to get a single investment recommended nowadays and anyone did recommend just one fund, that should put you on guard about the ability and knowledge of that individual.

Many thanks again!

I really didn't know that :doh:

cheerfulcat

dunstonh wrote:

With modern wrap platforms (nice technical jargon there!!), you can invest in once place to get a single statement but have the money spread round various investment houses, sectors and funds.

Or of course you can go to a fund supermarket or a stock broker and get the same service without paying for the " wrap ".

dunstonh

cheerfulcat wrote:

Or of course you can go to a fund supermarket or a stock broker and get the same service without paying for the " wrap ".

That assumes you are paying for the wrap. A couple of the wraps have lower charges than the fund supermarkets depending on circumstances.

cheerfulcat

That assumes you are paying for the wrap. A couple of the wraps have lower charges than the fund supermarkets depending on circumstances.

And a broker doesn't charge at all, beyond trading fees...I can see that " wraps " have many advantages for IFAs but I honestly fail to see the advantage for the investor over an ordinary broker's account.

jaybee, there's no rush to invest; take your time, do some reading, browse the boards at the Motley Fool and you'll be well on your way. Even if you decide in the end to go with a financial adviser, at least you'll have an idea of what he's talking about!

jaybee

cheerfulcat wrote:

jaybee, there's no rush to invest; take your time, do some reading, browse the boards at the Motley Fool and you'll be well on your way. Even if you decide in the end to go with a financial adviser, at least you'll have an idea of what he's talking about!

Many thanks cheerfulcat (love the name - hope you do have a cheerful cat!)

Ii is a steep learning curve for me as I've never had enough extra money to play with so haven't really paid much attention to investing beyond putting a bit away in the Building Society. I really feel that I have to arm myself with some knowledge as I don't want to be taken for a total idiot!

dunstonh

And a broker doesn't charge at all, beyond trading fees...I can see that " wraps " have many advantages for IFAs but I honestly fail to see the advantage for the investor over an ordinary broker's account.

1 - If its cheaper then it can be an advantage.
2 - A very diversified portfolio having a single statement is an advantage
3 - Mixture of tax wrappers into one statement/portfolio is an advantage.

I'm not saying they should be used or not. I personally rarely use them as my software can do all the above at no cost (at least not the consumer!). However, there are times when they can provide advantages.

EdInvestor

Jaybee

Are you familiar/happy with using online internet savings/bank accounts?

jaybee

EdInvestor wrote:

Jaybee

Are you familiar/happy with using online internet savings/bank accounts?

Oh yes! I do everything online - I would seriously struggle to cope without it now! Actually I hate having to visit the bank at all these days because they are always tring to corner me into upgrading my a/c (at a cost!) or wanting to give me advice etc!

cheerfulcat

dunstonh wrote:

1 - If its cheaper then it can be an advantage.
2 - A very diversified portfolio having a single statement is an advantage
3 - Mixture of tax wrappers into one statement/portfolio is an advantage.

Yes but you can have all of those things with an ordinary broker's account. I'm going on about this a little because I am very aware that there is pressure on IFAs to use these " wrap platforms ". Call me cynical but I don't think that the providers have the investors' interests close to their hearts :-)

jaybee wrote:

Many thanks cheerfulcat (love the name - hope you do have a cheerful cat!)

Thanks, jaybee. She was the nicest, happiest cat I've ever known - her sister, by contrast, is a foul-tempered old thing with needle-sharp claws!