Independent Financial Advisers fees vs Novice Investor!

Janeybo

Lokolo wrote: »

The other thing that really has ****ed me off about you is you come on this thread and completely derail it from the OPs (who is new to this site) question to suit your own conquest to get everyone to think you are right about everything.

If you want to have a discussiona bout Managed vs. Trackers go back to the other thread, but to constantly climb upon other threads is rude. I have tried to keep my discussion on this thread (about M vs. T) short and sweet but it's starting to get on my nerves. This is not the first time you have done this.

Ok so I can see you are upset about the derailing.

Janeybo

Lokolo wrote: »

And if the OP wanted anymore help he could have asked, hence my post saying "If you need any help, ask lots of questions!". The number of posters that complain because threads get derailed is outstanding.

Oh sorry, you've changed your mind, it's not you that now complaining it's all the posters, how strange!

Janeybo

Lokolo wrote: »

And if the OP wanted anymore help he could have asked, hence my post saying "If you need any help, ask lots of questions!". The number of posters that complain because threads get derailed is outstanding.

SHE!!!! Lot's of projection going on here. Got your message first time and am fully capable of asking as many questions as I want.

In amongst these threads I've picked out what has been applicable to my original post. The majority of the other posts, to be honest have gone over my head. I have no problem with posts going in whatever direction they are going, as a number of people have responded to my op and been very informative, thank you.

jem16

Janeybo wrote: »

In amongst these threads I've picked out what has been applicable to my original post. The majority of the other posts, to be honest have gone over my head. I have no problem with posts going in whatever direction they are going, as a number of people have responded to my op and been very informative, thank you.

Janeybo I am glad that you have managed to pick out the replies that hopefully will be able to help you make a decision going forward. It would be helpful for others if you were able to say what that might be.

However Lokolo has a point. It's a wonder that you managed to still find it useful. Many other new posters would have long since given up.

Lokolo

Janeybo wrote: »

SHE!!!! Lot's of projection going on here. Got your message first time and am fully capable of asking as many questions as I want.

In amongst these threads I've picked out what has been applicable to my original post. The majority of the other posts, to be honest have gone over my head. I have no problem with posts going in whatever direction they are going, as a number of people have responded to my op and been very informative, thank you.

Just trying to help

Totton

gadgetmind wrote: »

Golly, you just happen to choose one of the best performing ITs of the last decade, wasn't that lucky!

Not at all, anyone subscribing to the market view from Rushbrook and Lyon would easily have found this investment, equally in a portfolio of funds they would have found Troy Trojan. Those unable, unwilling or incapable of research should stick to the average and buy trackers, there's no problem in that so i'm at a loss to understand your inability to understand that others mileage may vary.

Janeybo

jem16 wrote: »

Janeybo I am glad that you have managed to pick out the replies that hopefully will be able to help you make a decision going forward. It would be helpful for others if you were able to say what that might be.

However Lokolo has a point. It's a wonder that you managed to still find it useful. Many other new posters would have long since given up.

How would it be helpful? If you mean other novices, I'm not sure anyone else in my situation is on this thread?

Janeybo

Lokolo wrote: »

Just trying to help

That sounds like a passive aggressive response. As illustrated here!:):mad:

The point is you attack one person in one post for derailing in defense of the posters, then go to the opposite view in your next attacking the posters for being upset about derailing, I hope you understand, that was the point I was making.

Totton

darkpool wrote: »

ehhhhmmm ok, so what research do you carry out before you invest in a fund?

My last comment on this thread as it's become just a merry go round of nonsense rather than useful discussion.

My own research is I think, broad. I find it a little difficult to explain concisely as it's just something I do rather than being a written down policy etc. In brief I have a current portfolio (well a few actually) and each of those has an objective for the outcome desired by its owner, that objective can be pure growth, income or perhaps growth for x years and then growth and income, for example I have one portfolio where growth is desired but Japan is a 'no-no'. From the objective I set out the asset allocation which I think fits having regard to current and anticipated future current affairs and market conditions. I think these two things are extremely important and if you are not willing to take an interest in them, buy trackers.

The asset allocation is reviewed frequently.

To keep abreast of things I read and listen to so many different things that it would be daft to list them all, they can be summarised as newspapers, magazines, TV (CNBC & Bloomberg), websites, fund manager reports, annual and half yearly reports from investment trusts and some reading of blogs and forums such as this. I also read highly recommended books such as Tim Hales 'Smarter Investing' and the FT 'Investing' (The definitive companion to investment and the financial markets), plus ones such as The Zulu Principle etc. (Got that one free in a competition!)

I make little use of historical stats from the likes of Trustnet and Morningstar but use them to weed out the chaff, hence I rarely take a position in a newly formed fund or trust etc unless I am a follower of a particular manager. For example I took a look at the stats for the recently available Troy Spectrum fund as I like Lyon, the stats looked good but I decided against buying into the fund as historical stats are not everything.

I stick solely to the investments that I believe I understand the most, these are IT's, funds and ETF's, no options, spreads or futures etc. The only equity I have held in the past 2 years has been BARC from which I sold out of at around the 300 level and may get back into if it goes to around 120 although I doubt I'll have the confidence to get back into it in all honesty.

I have no doubt that tracker funds are excellent for a lot of investors, didn't Warren Buffett say as much? I am also convinced by Tim Hale and think that his portfolios are very good starter packs and his suggestion of assessing your attitude to risk is excellent. However I much prefer to take an active interest in investments as I enjoy doing so, I enjoy current affairs and see no reason why I shouldn't put it to use for as long as the benefit outweighs the amount of effort. When I no longer have the inclination, time or ability to outperform the trackers then I will probably use them, for now I am happier to do a little better.

Regards,
Mickey

Lokolo

Janeybo wrote: »

How would it be helpful? If you mean other novices, I'm not sure anyone else in my situation is on this thread?

No but a lot of other users, in other threads, are in the same situation. And instead of continuing reading the responses like you have, will give up and not return to MSE. Hence the "Please do not derail threads" comments to darkpool as he has a habit of doing so.

Janeybo wrote: »

That sounds like a passive aggressive response. As illustrated here!:):mad:

The point is you attack one person in one post for derailing in defense of the posters, then go to the opposite view in your next attacking the posters for being upset about derailing, I hope you understand, that was the point I was making.

Not quite I understand your second paragraph. How was I attacking the posters for being upset about derailing? I am not quite sure why you thought that the post was me attacking you....

Not even sure why gadget even thanked you for it either!