IFA Advice - Commission based?

darkpool

https://forums.moneysavingexpert.com/discussion/comment/47945747#Comment_47945747

Ark_Welder

darkpool wrote: »

https://forums.moneysavingexpert.com/discussion/comment/47945747#Comment_47945747

http://forums.moneysavingexpert.com/showpost.php?p=47885447&postcount=112

Aegis

darkpool wrote: »

british land and land sec are REITs.....

My mistake, I thought they were both just developers.

70 years ago my grandad bought 3k of war loan gilts, today they are worth enough for a couple of weeks holiday somewhere. if he had bought shares/ property they would have been worth a six figure sum. imho bonds/ gilts are a poor investment.

Great.

I know people who bought NRK in 2005 who lost their entire investment. By your logic, equities are a bad investment because of that one example. Gilts are not the only bonds available, but bonds are an alternative asset class that can significantly reduce the volatility of a portfolio while moving it close to the efficient frontier, i.e. increasing risk-adjusted return towards the maximum.

Ark_Welder

Two informative and balanced views on the impact of high turnover funds

http://www.trustnet.com/News/Research.aspx?id=277289
http://www.trustnet.com/News/Research.aspx?id=277199


As ever, do your research by reading the relevant prospectus and annual reports because those are the places for factual information that will allow a more-informed decision to be made.

qpop

I would really love for the constant darkpool vs IFA arguments to cease on here. Neither party really ever adds much to the conversation and neither will be convinced by the other. It's a shame that darkpool feels the need to make sweeping statements about an industry he clearly doesn't fully understand, and it's a shame that, every time, like clockwork, one or more of the IFA community here rise to it.

Can't we all just be friends?

dunstonh

BLB53 wrote: »

I am not impressed with IFAs and would suggest your friend could do a better job of looking after the £120K. I do have a lot of time for Monevator, here's what he thinks of IFAs (have a look around the site for more info!)

http://monevator.com/2010/01/11/financial-advisors-swindlers-and-leeches/

Thanks for the link. It gave me a laugh. It just shows how the internet allows clueless people to post "articles" which are then repeated by others.

With the tiny amount involved in that case, it would always appear expensive as there is no way for an IFA to offer it at the charges wanted. AT 3%, the IFA is going to make £36 over the first 12 months. It will take around 15 years for the IFA to recover their costs. Let alone make a profit.

Ark_Welder

qpop wrote: »

I would really love for the constant darkpool vs IFA arguments to cease on here. Neither party really ever adds much to the conversation and neither will be convinced by the other. It's a shame that darkpool feels the need to make sweeping statements about an industry he clearly doesn't fully understand, and it's a shame that, every time, like clockwork, one or more of the IFA community here rise to it.

Can't we all just be friends?

I am not now, nor have I ever been, either an IFA or involved in the fund management industry.

My objection is to statements being made that are not backed up with facts, and that are subsequently shown to be false when the facts are made known. Someone may read the statements, believe them to be true and then make bad investment decisions based upon incorrect information.

Is that what MSE would want to be known for?

qpop

Ark_Welder wrote: »

I am not now, nor have I ever been, either an IFA or involved in the fund management industry.

My objection is to statements being made that are not backed up with facts, and that are subsequently shown to be false when the facts are made known. Someone may read the statements, believe them to be true and then make bad investment decisions based upon incorrect information.

Is that what MSE would want to be known for?

I know, I think that what he has to say, and the way he says it, is pretty damaging overall, but all the same, as they say;

"Please don't feed the trolls."

Rather than refer to the people that he irks as the IFA community, it may have been fairer to use the term "the intelligent, well-reasoned, professional and private investors of the board."

Linton

Ark_Welder wrote: »

I am not now, nor have I ever been, either an IFA or involved in the fund management industry.

My objection is to statements being made that are not backed up with facts, and that are subsequently shown to be false when the facts are made known. Someone may read the statements, believe them to be true and then make bad investment decisions based upon incorrect information.

Is that what MSE would want to be known for?

Ditto (ditto again to make the message longer)

Ark_Welder

qpop wrote: »

"Please don't feed the trolls."

True. Perhaps we should just respond to darkpool's posts as such? The danger of leaving them completely unchalleneged is that subsequent readers might mistake them as being accurate - for the very reason that no-one has gainsayed.

In the meantime, I'll use the relevant term to describe myself as 'private investor'...;)