Nice people thread part 3- Nice as pie

lostinrates

lemonjelly wrote: »

Yes, & most activity takes place around the kitchen table, which has chairs.

But a settee!:eek:

Us poor midlanders can't afford such large houses as you lot...;)

sat on a few in the southish midlands (probably the north of the south really). And one about an hour north of Birmingham which I thought I'd never be allowed to leave...strange house that was.


I spend more time working on the sofa than on a hard chair at a table...by back just can't take it :o. You'd think my own padding would make things cushions enough, but no.

Generali

sjaypink wrote: »

Psst, anyone know anything about stocks and shares ISA funds? I feel I'm waaay too much of an uninformed idiot to ask on the savings board

I'm looking at one of the co-operative investments (out of the hundreds of providers I've narrowed it down to them, don't know why ), but then theres still about 8 to choose from?

I'd go for a Fidelity tracker myself. The lower the charges the better IMHO and I believe that they have the lowest charges.

The reason? On average, before charges, if you invest in shares you will get the same return as the index. I would imagine that if you aren't happy to ask for advice on the investing board then, in the nicest possible way, you don't know what you're doing. As a result you are unlikely to do any better than average at picking a fund.

On that basis, choose one with very low charges as your net return will be highest. I believe that Fidelity index trackers have very low charges. Having done plenty of business with them in my time, they are a pretty impressive company in many ways.

tomterm8

It is worth asking the investment board. It is better to look like an idiot BEFORE you invest your money, than lose lots of money by not seeking advice.

GDB2222

sjaypink wrote: »

Psst, anyone know anything about stocks and shares ISA funds? I feel I'm waaay too much of an uninformed idiot to ask on the savings board

I'm looking at one of the co-operative investments (out of the hundreds of providers I've narrowed it down to them, don't know why ), but then theres still about 8 to choose from?

This is not financial advice specific to you, but I would not want to invest in the Coop ISA because it is too expensive. They take 5% of your contribution as an initial charge and they charge 1.5% each year. I would want a CAT standard ISA (or better). CAT standard requires no initial charge, and an annual charge of 1% or less.

If you are unsure what to get, think about an ISA that invests in an index-tracker fund of UK shares, and maybe contribute monthly rather than putting all your cash in on a single day.

tomterm8

Any charge up front is something to avoid like the plague.

Generali

This is the one I mean:

https://www.fidelity.co.uk/investor/research-funds/fund-supermarket/factsheet/summary.page?idtype=ISIN&UseProxy=Yes&fundid=GB0003875324

If you would rather stick to the top 100 biggest UK shares then this is the best I can find:

http://www.liontrust.co.uk/Products/FundRange/TopFund.aspx

I have no financial connection with either company nor do I stand to gain by you buying one of these funds.

GDB2222

This is really, really, really not advice, but I have quite a chunk of my money invested in the M&G Index Tracker Fund, which aims to mirror the FT-SE All-Share index. This has an annual management charge of 0.3% (which is really low!), no initial charge or exit charge, and it is possible to incorporate this in an ISA. I don't think that M&G charge anything for their ISA wrapper on top of the unit charges, so you can't fault that as being too expensive.

Generali

GDB2222 wrote: »

This is really, really, really not advice, but I have quite a chunk of my money invested in the M&G Index Tracker Fund, which aims to mirror the FT-SE All-Share index. This has an annual management charge of 0.3% (which is really low!), no initial charge or exit charge, and it is possible to incorporate this in an ISA. I don't think that M&G charge anything for their ISA wrapper on top of the unit charges, so you can't fault that as being too expensive.

FWIW, my opinion is that this is as near as dammit to the Fidelity one.

lemonjelly

I think this is a pretty amazing story. Deserves more coverage than it is getting imo:
http://www.bbc.co.uk/news/uk-england-13664629

GDB2222

Generali wrote: »

FWIW, my opinion is that this is as near as dammit to the Fidelity one.

Agreed. We are clearly thinking along the same lines. I was just checking fund details before posting, so I did not see your post. I think the Fidelity one is even cheaper, so I'd go for that as they are both tracking the same index. On a £10k investment, every 0.1% pa saved on the management charge is worth £10 a year.