Choosing an Investment Manager

savingjim

I'm new to this investing game and am seeking your advice to help me decide what to do with my portfolio.

I have just over six figures to invest with the objective of monthly income generation with relatively low risk.

What I would like to do is just give the portfolio to an investment manager. However, the question is where do I start my search for the best manager?
And what sort of manager - What are the merits of for example, a hedge fund compared to other investment types?

Should I just pick a consistently top performing fund manager from trustnet.com, or even a handful of the top ones?

Perhaps property could give just as good returns for relatively low risk?

I'll appreciate your advice and experiences.

Cheers,
James

Reaper

For that sum of money I think you would be best off getting some professional advice. Efficient use of tax relief will make a significant difference and there are a lot of tax efficient products you could spread yourself between depending on your attitude to risk (Pension, ISA, SEIS, EIS, VCT etc) and I'm guessing you are not up to speed on all these. Then you need to make sure the rest is well diversified.

If you can find an experienced IFA who has good investment qualifications that may be your best bet. Don't be afraid to get a 2nd opinion, might be worth it for such a large sum.

IronWolf

You say low risk, but equities are one of the riskiest asset classes. Sudden drops of 50% can happen and require the stomach to take. Usually people will invest a % in different classes such as 20% bonds, 50% equities etc.

It isn't too difficult to figure it out for yourself but it takes reading and some effort. Or you could hire an advisor to go through your options with you and devise a strategy.

grey_gym_sock

if you want to 1 person to look after your portfolio, that should be an IFA, not a fund manager. because the decision that makes the most difference is how to allocate your portfolio among different kinds of assets. which fund manager to use for each category makes (perhaps surprisingly) much less difference.