Going solo & funds selected. What do you think before it's put through?

Nine_Lives

jem16 wrote: »

In the end the choice is your brother's.

True, but at the same time, when i relay all this & put it to him, his reply is always "i dunno, what do you think" :rotfl:. I know it's easy to say he should therefore get on here himself & do his own research, but nobody here knows him. If you think of Jade Goody when she went into big brother & the stupid statements she came out with making you the viewer think, how has she got to her 20s & not have a grasp of basic life - that's him. So coming on here & trying to understand savings accounts, nevermind investments, is a big ask. I'm glad he's taking SOME sort of interest though & because of that, i'm happy to help however i can.

The reason i selected 3 was because i often see people saying "you want to invest in a mixture" so i figured if i selected a few - there would be my mixture. And that lumping into one is always labelled as a bad idea - hence why i didn't just select one (otherwise i likely would've).

jem16

K_P83 wrote: »

The reason i selected 3 was because i often see people saying "you want to invest in a mixture" so i figured if i selected a few - there would be my mixture. And that lumping into one is always labelled as a bad idea - hence why i didn't just select one (otherwise i likely would've).

I know why you chose 3 funds as opposed to one fund - for diversity.

However the Jupiter Merlin range are portfolio funds so the diversity is built in. They have a higher TER but no platform fee. They seem much more suited to your brother.

Nine_Lives

Just having a look - is there any considerable difference between the range?

I've seen balanced, growth, income & worldwide. Starting with a buying price of 89.75 up to 243.25 (quite a range).

Based on what i read about accumulation -vs- income, it'd be an accumulation he'd be selecting.

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results?companyid=55&tab=prices&x=11&y=13&sectorid=&tab=prices And looking at the graps & if i've understood everything correctly, the balance or worldwide fund would seem a better option over the income/growth option. There doesn't seem to be much in it, but if i've understood well enough then one of those 2 seem a better balance.

Nine_Lives

Any view on my above post?

I'm not looking for a textbook "answer". Just that i see a difference (albeit seemingly slight (to me)) on the comparison graph, but a reasonable difference on the buy/sell price.

atush

You had the same parents (I am gonna guess same school) how come you seem smart and your brother is Jade Goody lol?

jem16

K_P83 wrote: »

Any view on my above post?

I'm not looking for a textbook "answer". Just that i see a difference (albeit seemingly slight (to me)) on the comparison graph, but a reasonable difference on the buy/sell price.

I don't see what the cost difference matters to you though? You still have the same value if you bought £50 worth, just less units.

There's not a great deal of difference between the two funds as far as performance goes. The Balanced fund is possibly slightly less volatile.

Have a look at the group performance on Trustnet and then decide. I've sorted it over 10 years - hopefully!

http://www.trustnet.com/Investments/Perf.aspx?Pf_Manager=JUPI&univ=O&Pf_sortedColumn=Performance[Cur].P120m,NameFull&Pf_sortedDirection=DESC

Nine_Lives

atush wrote: »

You had the same parents (I am gonna guess same school) how come you seem smart and your brother is Jade Goody lol?

Because while everything may seem the same, nothing is exactly the same.
There's 9 years between us - major factor.
I was 7 when my sister was born, so essentially i feel like i was brought up as an only child whereas my brother & sister had each other - another difference.
I'm from the 80s, him from the 90s, peoples views/approach to life change with the times.
My dad was very strict with me as a child - much less so with my brother & especially my sister.
Despite my mums claims that she treats us all the same, she doesn't. I was allowed out at 9-11 no problem. My brother wasn't. She has release issues - she doesn't want any of us to go. I know she'll be in tears when i leave home, even though i'm 29 this year & getting a deposit together. She keeps telling me i can stay. My brother is the youngest, so he's the "last one" so she latches on moreso.

Add to that that he has always been attracted to trouble as it's "more exciting" i guess. Everyone says he's likeable & fantastic when not with his idiot dropout friends, but fact of it is - he wont leave them so therefore he's one of them. He gets into wrong situations, makes wrong choices, gets into drugs, denies it, gets caught, claims he's stopped, gets found out on facebook, denies it.

As i've said before, at school i was an A,B,C student (although you wouldn't guess it from some of my posts i admit). The funny thing is, up until the end of primary school, my brother was pretty much on a par with me. As far as maths goes he was sharper than me & i wasn't too shabby. Then he got to high school, got in with an even worse crowd, got influenced (he's a sheep) & became one of them & had no time for school. By the time he was done, he'd lost all his potential & is "thick" now.
I've been gone from school for 10 years. I'm in a job that doesn't test me where i can go in auto-pilot. I have no doubt that i have "lost it" over the 10 years. I'm certainly not as sharp as i once was. I used to be quite good at maths. I'm not shabby, but some of the number crunching on here, i know i would've got in high school, but now it stumps me. Quite annoying.

My sister is more like myself. I'm quite happy to be on my own & staying out of trouble. I don't have a lot of friends, but it doesn't bother me. The only part of my life i would change is my job.

ATEOTD, while we may all get brought up "the same", we're all individuals & while we may all start out at the same point, we ultimately decide ourselves as to which road we go down. My brother just chose a different one to me.
But as he's family, and showing some interest in tomorrow rather than totally living for today, i'm happy to help.

jem16 wrote: »

I don't see what the cost difference matters to you though? You still have the same value if you bought £50 worth, just less units.

There's not a great deal of difference between the two funds as far as performance goes. The Balanced fund is possibly slightly less volatile.

Have a look at the group performance on Trustnet and then decide. I've sorted it over 10 years - hopefully!

http://www.trustnet.com/Investments/Perf.aspx?Pf_Manager=JUPI&univ=O&Pf_sortedColumn=Performance[Cur].P120m,NameFull&Pf_sortedDirection=DESC

Thanks Jem. I didn't see a great deal of difference, but what i did see was what you said - less units. I wouldn't have expected more=better though. I just wanted to check back here & see if i was missing anything, but it looks like i haven't really, which is a nice change.

JoeCrystal

atush wrote: »

You had the same parents (I am gonna guess same school) how come you seem smart and your brother is Jade Goody lol?

That kinda remind me of troubles I had in the past trying to convince my older brother on starting pensions. He work for an employer who does contribute into pension and was in fact offered the chance to join defined benefit scheme when he started which he then turned down since he does not see "the point". All the logical reasons I threw at him on starting pension and how good he can have it at does not work on him. I gave up in the end. In other words, there is only so much you can do

Cheers

Joe

Nine_Lives

JoeCrystal wrote: »

In other words, there is only so much you can do

Cheers

Joe

Very true.

If it was any random-Joe and i can help/advise, then i will do so, but if they choose to ignore i wont keep trying to get them to understand. If they'd like to know more we can go on from there.
However if it's family, i'll try that much harder to get them to "see sense". If they don't want to see it though, there's only so much you can do. The only thing is it's quite disappointing when you see family members not "getting it".

atush

yep you can lead them to water but you can't make them drink. Just don't loan him any money when he is poor and you have moeny to retire on lol.

I see what you mean K, it is the getting in with the wrong crowd. They are too 'cool for school' and end up as nothing. Sad really. Luckily my 3 had friends who all stayed on for 6th form and all want to try for Uni. It is a common worry for parents, and something I was worried about as they were growing up.