Investing £70k tomorrow!!!

dunstonh

anyone who 'pays' someone else to invest their cash is a mug and a lazy one at that.

Surely if you think that then you must apply it to every profession out there. Service your own car, build your own house, do your own plumbing, make your own bread etc etc.

The astronomical charges and matching underperformance is truly astonishing.

yet there isnt much evidence to support that. Just lots of opinion.

Cautious_Investor_3

bobbyj wrote: »

The astronomical charges and matching underperformance is truly astonishing.

Too much of a sweeping statement to be credible.

There are plenty of funds which I agree, do underperform the market, however there a good number who beat the market on a regular basis.

There plenty of funds which make huge charges (absolute return anyone?) however there are a decent number who deliver alpha and at a fair charge.

On a slightly different point the answer to the active v passive debate is not black and white, it's a shade of gret. the sooner people realise this the better.

The Cautious Investor

Cautious_Investor_3

bobbyj wrote: »

You'd be better walking past the bank and into a bookshop and teach yourself how to do what you are about to pay for.

I know plenty of people who prefer to delegate to an IFA because they can make better use of their time financially if they do indeed delegate certain tasks i.e. they pay and IFA X per hour but earn X + Y per hour themselves. In such a case delegation makes perfect sense.

As the previous poster said, do you take this view with everything you do? Write your own Will for example, do your own conveyancing when you buy or sell a house, both of these things can be done yourself should you so wish to.

The Cautious Investor

Cautious_Investor_3

Out of interest, if the OP reads this, what happened? Did you keep your appointment with the bank?

bobbyj_2

no I only apply this criteria with running my own finances. I rarely do anything myself as my time is precious and I'm more than happy for someone to service my car, paint my house, fix my roof etc. I find the whole idea of handing over my finances to an IFA or fund manager hilarious to be honest. Fund managers are up there with estate agents imo, they should be publically flogged the way they 'siphon' cash out of people. Of course 99.9% of the population are more than willing to go out and earn money only to pass it on to fun managers who then set about destroying what the person's earned. Makes my job easier having these managers in the market though so really shouldn't complain :-))

edit: missed the 'd' off fund manager but I think it actually reads better as 'fun managers'!

Cautious_Investor_3

bobbyj wrote: »

no I only apply this criteria with running my own finances. I rarely do anything myself as my time is precious and I'm more than happy for someone to service my car, paint my house, fix my roof etc. I find the whole idea of handing over my finances to an IFA or fund manager hilarious to be honest. Fund managers are up there with estate agents imo, they should be publically flogged the way they 'siphon' cash out of people. Of course 99.9% of the population are more than willing to go out and earn money only to pass it on to fun managers who then set about destroying what the person's earned. Makes my job easier having these managers in the market though so really shouldn't complain :-))

edit: missed the 'd' off fund manager but I think it actually reads better as 'fun managers'!

What return have you achieved on your portfolio over the past say 1, 3 and 5 years?

I assume you invest directly or via Trackers / RTFs. What's the split of your portfolio between the various asset classes?

it's a serious question, I'm always interested on other people's results.

StevieJ

investment_newbie wrote: »

I guess i'd hold off on the house!

I've had 50k sitting in an account for the last year paying out 0.8% so I decided to do something about it! Investment funds looked the most attractive but totally open to other ideas! :-)

You should have taken advantage of the NS&I index linked while they were available, I know hindsight is 20/20 vision

bobbyj_2

cautious, done about 300% this year, returned double digit 2 of last 5 years, very slight profit 07 and 3 digit return twice (inc this year). if you look I was on XEL early on for about 500% gain, HER, BEM, PELE,GKP. It's all quite easy once you know what you're doing imo. I break rules by not splitting trading pot equally and sometimes going all in on a just a few stock. Got 3 crackers for 2011 which I think will all do 500%+ as well. 75% profits this year in SS isa as well :-)

cloud_dog

bobbyj wrote: »

Got 3 crackers for 2011 which I think will all do 500%+ as well.

Care to share, just out of interest

Cautious_Investor_3

bobbyj wrote: »

cautious, done about 300% this year, returned double digit 2 of last 5 years, very slight profit 07 and 3 digit return twice (inc this year). if you look I was on XEL early on for about 500% gain, HER, BEM, PELE,GKP. It's all quite easy once you know what you're doing imo. I break rules by not splitting trading pot equally and sometimes going all in on a just a few stock. Got 3 crackers for 2011 which I think will all do 500%+ as well. 75% profits this year in SS isa as well :-)

Superb effort!