£36k to invest....Help!!

bigadaj

Butterfliesarepretty wrote: »

Try Chase De Vere in London, my mum has investments with them left over from what my dad invested. They move the investments around when they think they are not doing well. she has made a fair amount of money last year.

But the OP wants things in cash, chase de vere are wealth managers interested in larger sums, probably higher risk and certainly higher cost and charges.

Butterfliesarepretty

bigadaj wrote: »

But the OP wants things in cash, chase de vere are wealth managers interested in larger sums, probably higher risk and certainly higher cost and charges.

You can request cash from them. My dad had investments of 30k with them and used cash from them to pay for holidays abroad to las vegas etc. You leave them for two years then the guy who is your manager comes to visit you and advises you. Certainly works well for my parents and they were never wealthy, my dad just put his redundancy package in there. Worth having a look. My mum has drawn about 4k in the last three years.

Just a thought.

bigadaj

Butterfliesarepretty wrote: »

You can request cash from them. My dad had investments of 30k with them and used cash from them to pay for holidays abroad to las vegas etc. You leave them for two years then the guy who is your manager comes to visit you and advises you. Certainly works well for my parents and they were never wealthy, my dad just put his redundancy package in there. Worth having a look. My mum has drawn about 4k in the last three years.

Just a thought.

It's up to individuals but they have the reputation for very high charges. You can keep it in cash but why pay advisers hundreds of pounds an hour to do that, I think your parents need to get more details of what they are invested in and what they are being charged for it.

Butterfliesarepretty

bigadaj wrote: »

It's up to individuals but they have the reputation for very high charges. You can keep it in cash but why pay advisers hundreds of pounds an hour to do that, I think your parents need to get more details of what they are invested in and what they are being charged for it.

You don't pay them hundreds of pounds an hour, where did you get that from?

My dad passed away in 2010, my mother gets regular statements and lee the guy comes and tells her each years what its being invested in. Ive seen the guy and the details, its kosher and shown so far that her accounts are doing well. It works for her and there is nothing hidden.

bigadaj

Butterfliesarepretty wrote: »

You don't pay them hundreds of pounds an hour, where did you get that from?

My dad passed away in 2010, my mother gets regular statements and lee the guy comes and tells her each years what its being invested in. Ive seen the guy and the details, its kosher and shown so far that her accounts are doing well. It works for her and there is nothing hidden.

If you're happy then fine, its just that these ifa / wealth managers expect large returns for themselves if not their clients. With the advent of rdr their costs need to be stated transparently, so source this information and see waht is really being paid.

bowlhead99

Butterfliesarepretty wrote: »

You don't pay them hundreds of pounds an hour, where did you get that from?

My dad passed away in 2010, my mother gets regular statements and lee the guy comes and tells her each years what its being invested in. Ive seen the guy and the details, its kosher and shown so far that her accounts are doing well. It works for her and there is nothing hidden.

Sure, it's working well for her and probably better than she could do self-managing it. Since 2010 markets are up, but there is investment risk - so that getting a holiday to vegas one year and a 4k withdrawal another might be cancelled out by losing the price of a vegas trip another year without getting to go on one.

However, if nothing is hidden and it's not costing hundreds a year then how do they afford to employ someone to make the investment allocation decisions and carry out home visits? One would assume that something is hidden or , no disrespect, you are misunderstanding the structure of what you are invested in.

If the underlying investment is returning 16% a year and you are seeing 14.5% then you might be perfectly happy with the return you see and think it's a wonderful service with no significant fees. This will not be the case, because you can't offer a wonderful wealth management service targeted at a moderately-high net worth set of investors, with no significant fees.

M.Johnson_2

robtgossard wrote: »

Commodities, especially precious metals, and real estate are good investments at this point in time. I’d suggest you stack up on some gold & silver bullion coins from a reputed wholesale gold dealer. It is easy to exchange precious metals coins for cash almost everywhere in the world. If you are not sure where to put your money, consult a finance pro.

Do you think they have bottomed out this dip? I would love to see a little lower prices on bullion before buying again.

Voyager2002

robtgossard wrote: »

Commodities, especially precious metals, and real estate are good investments at this point in time. I’d suggest you stack up on some gold & silver bullion coins from a reputed wholesale gold dealer. It is easy to exchange precious metals coins for cash almost everywhere in the world. If you are not sure where to put your money, consult a finance pro.

This advice is APPALLING.

If they decide to buy commodities (which I don't recommend) then they should do so by means of an ETN or similar.

Voyager2002

Butterfliesarepretty wrote: »

You don't pay them hundreds of pounds an hour, where did you get that from?

My dad passed away in 2010, my mother gets regular statements and lee the guy comes and tells her each years what its being invested in. Ive seen the guy and the details, its kosher and shown so far that her accounts are doing well. It works for her and there is nothing hidden.

Providing this kind of service (someone visiting clients at home, and so forth) costs the provider a good deal. The cost of this is covered by the difference between the return on the underlying investment, and the amounts handed over to the client. I think it probable that this difference does amount to hundreds of pounds per hour.