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Advice sought
Comments
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To sum up the advice given by the professional financial advisers on this thread:
Dunstonh - Since the OP asked for a "safe share" means he's not ready to invest. (post 2)
Meeper - Go to an adviser and spend 300 pounds on a report. (post 35)
Qpop - Private investors line the pockets of the "city boys" (post 30)
It seems to be the private investors on this thread that are giving the best advice. Which is basically do some research (ie book/ internet) then invest in investment trusts or blue chip shares. The first shares I bought was Edinburgh Investment Trust, a share that I believe most investors would consider "safe", I don't believe I lined the pockets of any "city boy" when I bought these shares......
Really?? - Look on Trustnet. They rate it with a score of 77 (FTSE100=100) which is a mid-range value and rather higher risk than the average UK growth & income fund. It dropped 27% during the credit crunch.
Not really a one-off investment for widows & orphans.
Perhaps giving advice for which you could be sued requires a little more knowledge than you thought.0 -
Really?? - Look on Trustnet. They rate it with a score of 77 (FTSE100=100) which is a mid-range value and rather higher risk than the average UK growth & income fund. It dropped 27% during the credit crunch.
Not really a one-off investment for widows & orphans.
Perhaps giving advice for which you could be sued requires a little more knowledge than you thought.
you think EIT is a worse bet than giving 30% of your funds to an adviser for a report? no one said that shares never go down in value....0 -
To sum up the advice given by the professional financial advisers on this thread:
Dunstonh - Since the OP asked for a "safe share" means he's not ready to invest. (post 2)
He actually said;
"Before you do anything, you need to understand how these things work.The fact you have asked about a safe share suggests you are not ready to invest yet."
Seems pretty sensible to me. If you are ready to invest you would have done enough research to be able to come up with at least a few suggestions that you might want to discuss with others. You would also have realised that "safe" and "share" don't necessarily belong in the same sentence.Qpop - Private investors line the pockets of the "city boys" (post 30)
He actually said;
"Quite frankly beginner private investors who self invest, with very little knowledge, line the pockets of the "city boys" (institutional investors, market makers etc.) far more willingly than those who visit IFAs."
Your summing up skills need a bit of work as you are missing out the key points.It seems to be the private investors on this thread that are giving the best advice.
That pedestal you seem to have placed yourself on seems a little wobbly to me.0 -
The more of Darkpool's posts I read the more I suspect he was a NOTW journalist...I am an IFA, but nothing I say on this forum constitutes financial advice. Always draw your own conclusions and always do your own research.0
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you think EIT is a worse bet than giving 30% of your funds to an adviser for a report? no one said that shares never go down in value....
Your thought process is flawed. You want a service, you would get the service, and it would cost £250 + VAT. Now, you would be happy with me charging £250 + VAT for a guy looking to invest £1,000,000 in shares and doing the same work, yet it's not satisfactory when someone wants to invest a lower amount. Yet, it's the same work. How do you justify your position?I am an Independent Financial AdviserYou should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
The more of Darkpool's posts I read the more I suspect he was a NOTW journalist...
...more like the Sunday Sport...
Ever seen a ghost?
Ever fired a gun?
Psychics/ Mediums
Benefits Bill
Match.com - Have you had your membership renewed?Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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You complain about advisers and malign previous practices, not the least of which has, in the past, been including percentage-based commissions which were to the detriment of the consumer. So, you get a fee-based quotation for the amount of time it would take in a clear, concise and transparent way in exactly the way that is expected by the FSA, and it's still not right.
Your thought process is flawed. You want a service, you would get the service, and it would cost £250 + VAT. Now, you would be happy with me charging £250 + VAT for a guy looking to invest £1,000,000 in shares and doing the same work, yet it's not satisfactory when someone wants to invest a lower amount. Yet, it's the same work. How do you justify your position?
so how many other advisers charge commission? you go to a lawyer/ accountant etc and they charge per hour. commission is a sign of being a salesman, nothing wrong with that. but IFA's shouldn't pretend that they are that much different from being a unit trust salesman.
I'm not anti adviser, the amount and variety of advisers my family use would surprise you. i just object to salesmen pretending to be advisers....
can you not see that for someone with 1k to invest a 300 pound report is not cost effective?0 -
Ark_Welder wrote: »...more like the Sunday Sport...
Ever seen a ghost?
Ever fired a gun?
Psychics/ Mediums
Benefits Bill
Match.com - Have you had your membership renewed?
i'll be honest, having an online stalker makes me feel a little bit special. thanks0 -
i'll be honest, having an online stalker makes me feel a little bit special. thanks
Yawn......Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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so having already used my isa allowance for this year and having this extra cash do I go for investment trusts (if so advice please) or have a chance on the markets via selftrade where I'm thinking of splitting over Shell, Sainsbury and Smith/Nephew...this will be a longer term investment which I shall add to and not take out...0
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