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Projected returns from a financial planner
Comments
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My personal plan, for better or worse, is to expect 50% of whatever I expect. For instance, one of my funds has increased 35% in the last 12 months, but I had only forecast 20% growth.
Saves on disappoint and trouble
Saving in 2013 (#98): £270/£30000 -
If it were, we'd all be rich.It seems so sad to me that the industry is screwed up on this "past performance is not a guide to future performance". Of course it is."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
The FSA would like us to leave 'past performance' out as a motive for investing in a fund.
Although, it's hard not to look at historical data, it's not really much use anyway.
There are far more important things to look at upon deciding a suitable investment.
... for more information please visit https://www.unbiased.co.uk (!)0 -
There's no fund on the market that can reasonably be expected to grow 20%. We would have heard.My personal plan, for better or worse, is to expect 50% of whatever I expect. For instance, one of my funds has increased 35% in the last 12 months, but I had only forecast 20% growth.
Saves on disappoint and trouble
Volatility cuts both ways. A fund that can grow 35% can lose 35% just as easily.
To save on disappointment, expect to get back half of what you put in. Anything more is a bonus. Most amateur investors lose."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
If it were, we'd all be rich.
Most people who invest are rich.
We have cars, holidays, large sums tucked away in pensions, property, expect to fund our children's education, we eat well, we have excess income, we have a state pension waiting, we have a state provided security net to fall back on, ............... and we expect, yes expect above inflation returns at the very minimum on the excess cash we are able to accumulate. And we expect the latter quite rightly based on past performance
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The people who are not rich have no capital. Or those who made a very bad decision with all their eggs in one basket and lost their capital, Or those extreme exceptions who had very very bad luck.
:beer:I believe past performance is a good guide to future performance :beer:0 -
Seems IMHO more useful for expenditure and interest based savings planning than investment planning. I also imagine much more useful if you fit in the Mr and Mrs average boxes: i.e. Salaries, aim to work to retirement date, then pension, UK based.
Following your comments I've put in more info and had a play around on the savings section and it looks pretty good, cheers Srcandas.
Hopefully I can get more stuck into Moneyvista (when I've got a bit more time!) and return the favour for the rest of you, with some more pros and cons of it... but we'll see!
All-in-all though I think so far so good, it doesn't seem to be perfect but you don't get many tools like this for free (even if it is for a limited period) which gives you a whole view of everything you hold... But that's just my opinion. 0 -
Volatility cuts both ways. A fund that can grow 35% can lose 35% just as easily.
How could you possibly know that??? Ah ok past performance of courseMost amateur investors lose.
Can you point to any evidence for this? I appreciate it depends on your definition of 'lose'. Do you mean they do not beat inflation?I believe past performance is a good guide to future performance :beer:0 -
That one always makes me chuckle almost as much as "If it were that easy, we'd all be millionaires."pqrdef wrote:If it were, we'd all be rich.Most people who invest are rich.
Yes, but I think we need to differentiate between investing sensibly versus indulging in gut reaction speculative trades. (I've done both!)I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
We think that going into next year more people will understand this is a very good alternative to the fact find in financial advice but it can also work alongside what people want to do with their adviser.
A factfind with a financial adviser is a record of hard facts (name, address, date of birth, assets & liabilities etc). It is not a financial plan but a record of the data used to make a plan.
(FYI, no issue with what you do. Just picking up on that point)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
A factfind with a financial adviser is a record of hard facts (name, address, date of birth, assets & liabilities etc). It is not a financial plan but a record of the data used to make a plan.
Which is the very information Trevor's model prompts you for!
As you say Dunston no argument here. Anything that prompts people to plan ahead must be good. I can imagine people using MoneyVista and just the input prompts leading them to realise they need an IFA.
Equally I can see someone seeing little value in what their potential IFA is offering and then discovering that MoneyVista meets their needs.
And many using both :beer:
It still makes me sad thinking about the poor poster a few weeks ago who posted something like "I'm 50 and no one told me time was running out. I need a plan. Help!!!!!".
I believe past performance is a good guide to future performance :beer:0
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