Hargreaves Lansdowns own recommendations. Your view?

Nine_Lives

gadgetmind wrote: »

Would those be your only significant holdings?

They would be the only holdings.

This tax year i've gone through an IFA for my S&S ISA who selected the funds (of which i think no MSEer agreed with).

This was just for an amount of "old tax year" money & i was looking to split between 2 funds.

It's just frustrating though - every time i select a fund & come here for feedback, it is panned. This isn't a negative remark towards MSE members. It just shows that i clearly don't know a damn thing when it comes to selecting, because when it's explained by said MSEers, it all seems to obvious then.

It's really disheartening. Right now i feel like why should i even attempt, because it'll be wrong. Well, not "wrong", but poor. Which i know is certainly the wrong attitude to have, but when you're constantly trying to select, thinking/hoping it's decent, and then when it's laid out to you, it turns out the selection is actually poor ... then that's why i feel like that. I simply don't know enough.

And it's ok for folk to say "you'll pick it up in time" and "well go and read this [insert link here]", but it's clearly not working.




Drifting mildly off topic ... regarding inc-vs-acc, i read up on the difference as i didn't understand a while ago & i'd have no interest in INC funds, only ACC (assuming both inc AND acc were on offer).

gadgetmind

K_P83 wrote: »

It's just frustrating though - every time i select a fund & come here for feedback, it is panned. This isn't a negative remark towards MSE members. It just shows that i clearly don't know a damn thing when it comes to selecting, because when it's explained by said MSEers, it all seems to obvious then.

Or maybe we don't know a damn thing?

You'll *never* get a group agreeing regards investments, and it's *always* possible to find good reasons to not invest in *any* fund or *any* company.

margaretclare

It's just frustrating though - every time i select a fund & come here for feedback, it is panned. This isn't a negative remark towards MSE members. It just shows that i clearly don't know a damn thing when it comes to selecting, because when it's explained by said MSEers, it all seems to obvious then.

None of us knows a damn thing when we start! Some time ago I followed someone's suggestion about Inc gaining more than Acc, even when I'd made it clear that I wanted long-term and wasn't interested in taking income out. That choice turns out to be wrong, but not to worry - none of it is set in stone and I can switch.

In your shoes I think I'd go for what you chose initially. You seem to have been happy with it in the first place. If those funds turn out to be 'dog' funds then you can always switch. You'll develop your own style as you go along. There are literally thousands of funds out there, all with their own managers, all with different aims and objectives. Your aims and objectives have been clearly-stated and they are obviously different from mine. If I was starting out all over again with the same level of knowledge - zilch - and a much longer timescale I think I'd still want a solid base in UK equities first. But that's personal to me.

There are a few individual companies that I wish I had shares in (don't even know if they all issue shares):

David Nieper of Derbyshire - fashion
Rolls-Royce of Derby - aero-engines
Stobart - road transport, air, rail
Wilkin & Sons, Tiptree, Essex - jams, preserves

atush

well, RR do for sure- always seening their latest on the business news. Mainly as per aircraft engines not cars.

Don't know if Stobart is publically traded now (pretty sure it used to be privately held) but the new channel 5 series abt them is coming on so possibly could be good for any share price. Don't know anything abt the fashion company but if I am remembering correctly I think the jam company is owned by a larger conglomerate? Not looked any of these up, just thinking but if you want to buy what you know margaret, then google them and find out if you can buy shares.

margaretclare

atush wrote: »

well, RR do for sure- always seening their latest on the business news. Mainly as per aircraft engines not cars.

Don't know if Stobart is publically traded now (pretty sure it used to be privately held) but the new channel 5 series abt them is coming on so possibly could be good for any share price. Don't know anything abt the fashion company but if I am remembering correctly I think the jam company is owned by a larger conglomerate? Not looked any of these up, just thinking but if you want to buy what you know margaret, then google them and find out if you can buy shares.

Yes, I meant the aero engines, not cars!! My late daughter used to work for them when they were just developing the highly-successful Trent project. Just the firms that I know about or have had dealings with. I know about Stobart because their recently-acquired airport is about half a mile from where I live. They're a successful UK company and that's the kind of direction my 'investment strategy' would go in, if I had huge funds to invest. I haven't, that's why I stick to funds.

Nine_Lives

I fully appreciate that there's no hard & fast yes/no, right/wrong answer. I don't expect people to provide me with a miracle answer that will generate me millions, but at the same time, the way i see things is - those who've been "in it" (it can be anything) for some time, should in theory know a lot more than you as you're just getting "into it". Everyone is born knowing nothing & knowing things take time. It's flawed logic i know, but it's my logic behind this

jamesd

The logic isn't too bad, there's just a lot of opinion and personal preference in how to achieve things involved. What you're doing isn't worth worrying about, just get on with it and do a bit less second-guessing. Then carry on reading and learning and playing.

Nine_Lives

jamesd wrote: »

just get on with it and do a bit less second-guessing.

That's something i do very well unfortunately. lol.

Anyway, i'm all set for filling out my form, i'm just a tad stuck on one of the sections, which happens to be the most important one as it's the details about my cash ISA, so that's why i made t'other thread.

I've a selection of 2 funds, different to those mentioned here, i'm toying with a 3rd but am unsure whether i should bother (with a 3rd) & i'm still to decide on how much i'm depositing. :rotfl: