BestInvest v IFA v DIY

[Deleted User]

Hi,

it's the old numpty heid, just don't like selling at a loss, though I suppose it's been 7 years lost, but then I might've gone for something else and be even worse off, I'll be happy to get back to even.

whambamboo

EdInvestor wrote: »

It's certainly worth looking at Hargreaves Lansdown for anyone contemplating DIY.

Apart from the fact their charges are the lowest, there's a lot of excellent info on their website.

https://www.h-l.co.uk

They aren't actually the cheapest, if you have larger sums to invest, but they are quite cheap. Good website too.

mutley74

whambamboo wrote: »

They aren't actually the cheapest, if you have larger sums to invest, but they are quite cheap. Good website too.

so who is cheaper?

whambamboo

atpug wrote: »

so who is cheaper?

Cavendish

http://www.cavendishonline.co.uk/COL/RCSpage.htm

carnet

Looked into this some time ago and, IIRC, Cavendish only worked out cheaper on a buy-and-hold strategy, and then only after about 4 years. This was, again IIRC, on a £10K portfolio. Obviously larger would overtake HL's savings sooner.

However, up till then, and for active investors, HL remained the cheaper option.

mutley74

i think what cavendish offer is great. But for my own requirements being an active dealer of managed funds, HL service suits me best.

whambamboo

atpug wrote: »

i think what cavendish offer is great. But for my own requirements being an active dealer of managed funds, HL service suits me best.

How active can you be? The fund manager is already turning over typically 100%+ per year anyway.

carnet

The investment outlook can and does change. If you are in certain geographical areas, sectors or asset classes there can be sound reasons to switch into funds investing in other areas/sectors/asset classes.

Fund managers move around a lot. You may wish to move with them.

Fund managers can go off the boil. You may feel it necessary to switch to more promising prospects.

mutley74

carnet wrote: »

The investment outlook can and does change. If you are in certain geographical areas, sectors or asset classes there can be sound reasons to switch into funds investing in other areas/sectors/asset classes.

Fund managers move around a lot. You may wish to move with them.

Fund managers can go off the boil. You may feel it necessary to switch to more promising prospects.

you took the words out of my mouth!!! Plus i like to invest in new fund launches, which i find HL pretty good at promoting.

EdInvestor

I'm interested to hear how "momentum" type investors rate the various discount brokers/fund supermarkets re charges.

Are switching charges an issue?