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HSBC Managed fund - safe, balanced & high risk
RosieJ_2
Posts: 2 Newbie
A rep from the bank has been trying to get me to invest my inheritance (£30,000) in a fund which will cost me 4.5% to join, 1.25% per year and could yield a max of 12% per year. Is this reasonable? My friends say, no, but are there better alternatives?
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Expensive for starters. I doubt its very good....
What fund is it exactly?0 -
Don't bother. There are far better options than a hugely overpriced fund of funds...A rep from the bank has been trying to get me to invest my inheritance (£30,000) in a fund which will cost me 4.5% to join, 1.25% per year and could yield a max of 12% per year. Is this reasonable? My friends say, no, but are there better alternatives?
Out of interest, where did they get 12% from?I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
It'll probably be the World Selection fund.Expensive for starters. I doubt its very good....
What fund is it exactly?I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
How can it be "safe" and "high risk" at the same time?!?!0
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There are three "flavours" to the World Selection fund: cautious, balanced and dynamic. The dynamic one comes in at roughly the same risk as something from the balanced managed sector. The charges on all three funds are extremely high, and the track record doesn't really justify the high charges that they all have.How can it be "safe" and "high risk" at the same time?!?!I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Is this reasonable? My friends say, no, but are there better alternatives?
Loads of better alternatives. Its expensive, has no track record but what there has been hasnt been good and single fund investing on £30k is lazy. Not bad but just what you expect from a sales rep.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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