Leaving HL

Ryan_Futuristics

jimjames wrote: »

As per the current accounts thread why are you posting completely incorrect information again. Fidelity are not a bank and never have been. How much do you actually know about them? It seems totally bizarre that someone with so much investment knowledge seems to be unaware of such key facts that are easily available on Google.

I always assumed Fidelity Bank was part of Fidelity .. But like the current account thread, it doesn't have any real bearing

They're both large, established platforms - when I run CompareFundPlatforms, the point at which HL stops being top 3 cheapest (for a mix of funds and shares) it would be cheaper to invest direct with any excess

Archi_Bald

Ryan_Futuristics wrote: »

I always assumed Fidelity Bank was part of Fidelity .. But like the current account thread, it doesn't have any real bearing

It is very relevant whether someone consistently posts incorrect information like you have been doing. Making your opinion and assumptions sound like they are fact is perhaps something you get away with in other places but unfortunately for you, on the MSE Forum people won't let it go unnoticed.

masonic

Ryan_Futuristics wrote: »

They're both large, established platforms - when I run CompareFundPlatforms, the point at which HL stops being top 3 cheapest (for a mix of funds and shares) it would be cheaper to invest direct with any excess

My breakeven point was a little under £15k in funds (assuming >£10k in shares - If <£10k in shares, then a little more in funds).

Ryan_Futuristics

Archi_Bald wrote: »

It is very relevant whether someone consistently posts incorrect information like you have been doing. Making your opinion and assumptions sound like they are fact is perhaps something you get away with in other places but unfortunately for you, on the MSE Forum people won't let it go unnoticed.

I think it's more a case that whenever I go against the group think here, you try and find some utterly irrelevant detail to pounce on and derail what we were discussing

... and anyone with half a brain could how desperate it looks

You don't think I could do that every 5 minutes, e.g. when you suggest passive funds in asset classes which can't be tracked passively?

jimjames

Ryan_Futuristics wrote: »

I think it's more a case that whenever I go against the group think here, you try and find some utterly irrelevant detail to pounce on and derail what we were discussing

... and anyone with half a brain could how desperate it looks

You don't think I could do that every 5 minutes, e.g. when you suggest passive funds in asset classes which can't be tracked passively?

I don't have any issues with a different opinion or going against other views and have said before I think the HL website is excellent and new investors may find it worth paying the extra. What does need to be pointed out is if someone says "I wouldn't use Fidelity because they're a bank" and the statement is factually incorrect, much like the explanation of account transfers. So now the reason changes again rather than accepting any error. By all means say its too much hassle for you but let others make up their own mind.

Ryan_Futuristics

I'd always assumed Fidelity owned Fidelity bank
https://www.fidelitybanknc.com/

But it's pure Chris Finch (at The Office quiz night) jumping on the temp for mistaking an insect for an arachnid ... It's either an ego-maniac p**sing contest here or we keep things on topic:

masonic

No use posting results without telling us what numbers you plugged in. I'm quite familiar with II's prices, so let's start with those... £15,606 in total platform charges takes some doing! If over 10 years, that's £1,560 per year minus the (let's assume) £120 platform fee covering SIPP and ISA, so 144 trades at full price.

http://en.wikipedia.org/wiki/Straw_man

Ryan_Futuristics

Here's monthly investments into 2 Investment Trusts and 4 OEICs

masonic

You do realise that simulation is based on regularly dividing £500 into 15 funds each month (180 buy orders per year) AND £250 being split between 6 shares each month (72 buy orders per year) AND 50 individual fund trades AND 24 individual share trades. Total trades: 326

Here is one based on 144 regular savings purchases per year and 2 fund switches, plus 2 share switches...

jimjames

Nicely picked numbers that seem designed to flatter. No fidelity either, are you excluding them for a reason other than they're not a bank?

How about no trades per year? Does iweb come out cheapest?