First time funds investor

FATHEROFTWO_2

db7 wrote: »

A fund of funds? Is that like the HL Multi-Manager Inc & Growth Portfolio?

check the link for the tables and have a read through what the fund of funds invests in.

It is more expensive as I and many more say but at least it has an asset allocation that is well managed.
You could opt for a DIY but you could get burned.

have a look at the jupiter merlin balanced managed fund of funds and its perfohttp://www.citywire.co.uk/personal/fund-and-fund-manager-performance/-/unit-trusts/balanced-managed/fund-league-table.aspx?CitywireClassID=27&RankModelID=9&TimePeriod=36rmance returns

heres another one in the growth active managed sector
http://www.citywire.co.uk/personal/fund-and-fund-manager-performance/-/unit-trusts/active-managed/fund-league-table.aspx?CitywireClassID=103&RankModelID=9&TimePeriod=36

db7

Rollinghome wrote: »

So be prepared to be disappointed. The return on the markets might well be 5% but if you use unit trusts you'll be paying TERs close to 2% out of that. I've got large sums invested but I wish it was as easy as you assume.

One of the most successful managers of the Balanced Managed funds aleady mentioned is Martin Grey who runs the Miton Special Situations Pf. If you look here as at 30 November http://mitonam.com/pdf/factsheets/uk/CFMitonSpecialSituationsPortfolio-Factsheet.pdf only around 30% of the pf is now in equities with most of the rest in cash. He could be getting it completely wrong but you perhaps need to ask what is it you know that he doesn't?

The problem is that we're currentlyly in uncharted waters and no one quite knows how it will pan out. The huge rebound for equities was due to the unprecedented use of quantative easing and untra-low interest rates around the world. What will happen to equity prices and the cost of your mortgage when that policy ends?

We don't know the details of your mortgage but what you would be doing is is to use borrowed money for a flutter on the stock market at a very unpredictable time.

There's a lot of gloom on this thread! Tis the season for good cheer you know! Mind you, perhaps it's a good thing people seem to be against me - they say go against the herd don't they!

DiggerUK

Rollinghome wrote: »

We don't know the details of your mortgage but what you would be doing is is to use borrowed money for a flutter on the stock market at a very unpredictable time.

db7,
Rollinghome has shown the power that can be put to the arguments against what you propose,without wasting words.
English at it's best, wisdom at it's best.

Anyway, despite feeling that you are wanting to push ahead with your plan , I have two suggestions for you to consider.
1. Go half off your mortgage, and gamble the rest as you seem determined to do.
2. Consider gold, put a limit of one screen per post on your thread, and relax in this season of goodwill, with a risk free gamble, on a risk free asset.

db7

DiggerUK wrote: »

db7,
Rollinghome has shown the power that can be put to the arguments against what you propose,without wasting words.
English at it's best, wisdom at it's best.

Anyway, despite feeling that you are wanting to push ahead with your plan , I have two suggestions for you to consider.
1. Go half off your mortgage, and gamble the rest as you seem determined to do.
2. Consider gold, put a limit of one screen per post on your thread, and relax in this season of goodwill, with a risk free gamble, on a risk free asset.

English grammar at its worst: English at its best, not English at it's best!!
I'm not going to waste my ISA wrapper so I will be using it for stocks and shares - even though I admit it is a gamble. So is driving to work tomorrow. And so, by the way, is buying gold.