Projected returns from a financial planner

srcandas

I've given MoneyVista a bit more investigation. In conclusion (and it is just my personal opinion):

Like all these tools they are intuitive to a degree but you need a little patience to become familiar with its peculiarities.

If you have never done any planning just filling in the various assetts, liabilies, income, budget could prove very enlightening.

The more average you are the better. It handles salaries, pensions (both being paid and saved for), savings, investments, property, property income, household budget and a few other bits and pieces.

It's graphics and projections are rather crude IMHO but of course at the moment it is free

When it comes to entering complexity it is like many of these tools lacking. It basicly projects from today 'Now' and allows for expense goals.

Analysis again is limited but the income/outgoing graph might prove useful to many "Warning: You are spending more than your income" :rotfl:

It does warn that the default assumptions regarding investment return and inflation may give a rather warm feeling (as Bob mentioned). I would have preferrred it to have defaults that were more conservative.

Finally I see no way to save the plan in its current state, refine it over time, and then do a comparison. But perhaps I'm asking too much of a simple web based tool.

Refreshingly I found no bugs in this software :T

Overall a good starter tool and introduction to life budgeting but if you are serious about this you would soon move on. (Unless of course MoneyVista have further development plans?? )

HTH someone :beer:

bigfreddiel

AppleMatt wrote: »

..... one of my funds has increased 35%

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how did your other 'n' funds do?

fj

JR1985_2

I've noticed the graph has recently changed which seems to show more information about different "events" such as when pensions and savings start and stop. I think this is a nice feature and can certainly see the website appealing to a number of people, at least for a source of financial information.

Perelandra

I've used Moneyvista (with fake personal details...) and recommended it to friends- although mostly so that they can see for themselves that the £50/£100 they're putting aside each month really isn't going to give them the lifestyle they're aiming for!

I quite like the site; as others have said the default assumptions are too optimistic, and it's only free for a limited time.

sandsy

It appears to be owned by Royal London.