FTSE Pessimism

A_Flock_Of_Sheep

grizzly1911 wrote: »

£350 fixed fee recently being quoted in the Midlands which would be offset against a percentage charge if they undertook the translations. 4% up to 50k and 3%, on the total, if above that amount.

I am more interested in receiving advice and recommendations and then acting on that advice say buying through HL based on advice that pay an advisor on an ongoing basis to manage it all for me.

Jegersmart

Equities and most other assets have been inflated by massive money printing, in this context we have to be prepared for the artificial inflationary pressures to be withdrawn at some point, and hope that the real economy starts to reflect improvement to avoid a really hard landing. This is to a large extent uncharted territory so we have stay nimble and alert in order to avoid giving back the massive gains that most have enjoyed for a number of years.

imho

srcandas

AFOS you are running at this. Slow down. Be cool. Be laidback.

Nothing bad is going to happen if you sit on the sidelines for 2 or 3 months. Already in a week or so you have radically changed your approach several times. You can't learn it all in a week :cool:

grizzly1911

A_Flock_Of_Sheep wrote: »

I am more interested in receiving advice and recommendations and then acting on that advice say buying through HL based on advice that pay an advisor on an ongoing basis to manage it all for me.

In that case £350 fixed was the fee quoted for a one off advice service.

A_Flock_Of_Sheep

Jegersmart wrote: »

Equities and most other assets have been inflated by massive money printing, in this context we have to be prepared for the artificial inflationary pressures to be withdrawn at some point, and hope that the real economy starts to reflect improvement to avoid a really hard landing. This is to a large extent uncharted territory so we have stay nimble and alert in order to avoid giving back the massive gains that most have enjoyed for a number of years.

imho

These gains have been going on since 2009. That's four years. It can't go on like this for ever and a potential 60% hit is very dramatic.

A_Flock_Of_Sheep

grizzly1911 wrote: »

In that case £350 fixed was the fee quoted for a one off advice service.

Seems reasonable for professional advice. I am interested to know what recommendations can be made for me and how different from my amateur attempts since April they will be.

srcandas

A_Flock_Of_Sheep wrote: »

Seems reasonable for professional advice. I am interested to know what recommendations can be made for me and how different from my amateur attempts since April they will be.

As long as you remember that you may pay your money, invest as advised, lose a lot of money in the shortterm, and note that your own first attempt (including Turkey) would have left you in a better position then go for it

grizzly1911

Are IFAs recommending hold/wait and see or are they still suggesting investments and taking orders?

If we pitched up tomorrow with our £100k what would they suggest?

Would it depend on the risk appetite? Low risk strategy continue, high risk wait and see?

bertpalmer

60% would be scary.

My gamble is that we won't see it soon. Maybe at 7500/8000?

I've been weighing it over and decided to top up my SSISA to the max today.

Fingers crossed!

pqrdef

A_Flock_Of_Sheep wrote: »

I've have contacted an IFA for advice as I am too experimental and have been lucky so far. Do you know if I can just discuss my situation and goals with them and then act on advice or do you have to engage in a managed service with them? Not sure which is best if the options exist.

When it comes to picking shares and funds, the only thing IFAs know is how to cover their own backs against possible complaints. Like consultants, clairvoyants and other charlatans, they'll try to suss out what you want them to say and feed it back to you. Might as well not waste your money.