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Nice People Thread No. 14, all Nice and Proper
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Do any of the NP know anything about investing in passive tracker funds? Or can any NP tell me where to ask for further info? I don't want to venture onto the MSE investments board unless someone can first reassure me that they won't howl me down as a hopeless ignoramus (or ignorama??)
My dad, who is approaching 90, used to deal with all his own investments - buy & sell shares himself, and not bother with funds, whether managed or passive. However, when my mum got ill, he put all his investments in the hands of some kind of professional advisor, who has been dealing with all that sort of stuff for him while he was concentrating on looking after my mum as she deteriorated and died. Now he finds he is shelling out loads - for the stock broker who takes my dad's money in and out of various funds, and for the fund managers. He would prefer to put all his money in something simple that would track the market without having anybody managing it and charging fees. Am I right in thinking that this is called a passive tracker?? Or have I got that wrong? Would that be a good kind of thing for him to put his money into if he wants to minimise fees? And if so, how should he go about putting his money in? He's not looking for a major gamble, just something that will probably get returns that are a bit better than a cash savings account, accepting that that entails a bit more risk than a cash savings account too.
Thanks everyone.
Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0 -
I tend to lose stuff at home, not when out and about so it is ideal for me. The Generalissimos will put the remote for the TV or air con under a cushion or take it into their room.
The claimed battery life is a year and the app reports a battery level in each device so either the review is:
- From a competitor or someone else with an axe to grind
- From an older version
- The tech to check the battery doesn't work
I'm very pleased so far. We'll see how things go. I'm not going to jack in my job to sell them so if they turn out to be rubbish I can simply stop selling them.:)
If Gen has got some and is now using them, I think my best plan is to wait a few months and get Gen's take on their performance in actual use in normal life, and then get a few if he is still enthusiastic about them. Gen, do please keep us posted. Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0 -
I don't have an answer directly Lydia.
I do remember creating computerised risk profiles for a wealth management company.
I do think you have to be brutally honest in your attitude to risk. Once you know what you hope to gain, and what you are prepared to lose, you can concentrate or diversify as appropriate.
Generali will probably know more than most here.0 -
To counter this, there are fitness watches, intelligent knickers, whatever!
It's a complete melting pot at the moment. It's not clear what will prevail yet.
I like my fitbit, it is helpful to me in simply capturing activity and daily walking. I can have some very quiet days and it is just ebough information to make me take action.
I hope intelligent knickers take off ( scuse pun). In the weeks following my stroke my first physio objective was to be able to pull up my own knickers. Now that would be technology worth investing in, although identity and security would be crucial to ensure no mischief was made at the wearer's expense.
As for the TrackR, it was about a year before my family allowed me out alone, and I would wander off in shops when something caught my attention. In all seriousness I think they would have been happier if I had a TrackR attached.0 -
Do any of the NP know anything about investing in passive tracker funds? Or can any NP tell me where to ask for further info? I don't want to venture onto the MSE investments board unless someone can first reassure me that they won't howl me down as a hopeless ignoramus (or ignorama??)
My dad, who is approaching 90, used to deal with all his own investments - buy & sell shares himself, and not bother with funds, whether managed or passive. However, when my mum got ill, he put all his investments in the hands of some kind of professional advisor, who has been dealing with all that sort of stuff for him while he was concentrating on looking after my mum as she deteriorated and died. Now he finds he is shelling out loads - for the stock broker who takes my dad's money in and out of various funds, and for the fund managers. He would prefer to put all his money in something simple that would track the market without having anybody managing it and charging fees. Am I right in thinking that this is called a passive tracker?? Or have I got that wrong? Would that be a good kind of thing for him to put his money into if he wants to minimise fees? And if so, how should he go about putting his money in? He's not looking for a major gamble, just something that will probably get returns that are a bit better than a cash savings account, accepting that that entails a bit more risk than a cash savings account too.
Thanks everyone.
http://monevator.com/category/investing/passive-investing-investing/0 -
And http://www.thisismoney.co.uk/money/investing/article-1583915/A-guide-cheapest-index-tracker-funds.html
There are index tracker funds with charges of .1% pa. Typical managed funds will charge 1-1.5%. So, the managed funds have to earn an extra 10-15% over 10 years to justify the charges. Some will, but on average they won't.
Do bear in mind that the index you choose has an effect. If you choose a fund tracking the FTSE 100, that will perform differently from the FTSE All-Share index, which has a broader spread including many smaller companies.No reliance should be placed on the above! Absolutely none, do you hear?0 -
And http://www.thisismoney.co.uk/money/investing/article-1583915/A-guide-cheapest-index-tracker-funds.html
There are index tracker funds with charges of .1% pa. Typical managed funds will charge 1-1.5%. So, the managed funds have to earn an extra 10-15% over 10 years to justify the charges. Some will, but on average they won't.
Do bear in mind that the index you choose has an effect. If you choose a fund tracking the FTSE 100, that will perform differently from the FTSE All-Share index, which has a broader spread including many smaller companies.
Thank you very much both of you. I have passed both those links on to him so he can read them and see what he thinks.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.0 -
(And you wonder why we have to pay these people such high salaries? It's to cover the jokes cost)
Assuming it was a legal aid case, chances are that the barrister will have been more or less out of pocket (even before any fine imposed by the court). Fixed fees are paid for cases, and they don't include travel expenses or waiting time.ukmaggie45 wrote: »Did any of you see the fantastic clouds yesterday evening? Carol Kirkwood was talking about them on Breakfast this morning, they are Nacreous Clouds, named for mother of pearl.
They were superb, weren't they - lots over this side of the Pennines too. Our weatherman said that it's only the second time in 20 years he's seen them.0 -
Do any of the NP know anything about investing in passive tracker funds? Or can any NP tell me where to ask for further info?
Yes, you describe a passive tracker.
I chose to invest in the Vanguard Lifestrategy 80 passive tracker. This basically means 80% equities and 20% more safe investments.
I invest via the Charles Stanley Direct platform as it was the cheapest for the amount I'd invested (<£9K); beyond that amount, it would have been cheaper to invest via a different platform (the monevator article you've had a link to, I think has more up to date figures).
The lower your attitude to risk and/or likelihood of having to sell up without waiting for an upturn in the market, the lower the proportion of equities (i.e. the Vantage 20 has the least amount of equities and the highest amount of safer - though probably lowest return - investments such as gilts).PasturesNew wrote: »Had a BIG breakthrough
You must have the biggest grin on your face!0 -
:rotfl: What a wonderful mental picture! I love it!
DD1 has a lot of trouble remembering to return her books on time since the lending time was reduced from 28 days to 21. As a result, she doesn't use the library so often, and I wonder how many other people have reduced their usage of the service too
it's a shame.
I've suggested she set a reminder on her phone to renew her books online, so I think she does that now. I wouldn't have a clue how to set one myself. But I'm much better than she is at remembering to renew them.
If your daughter has a smartphone, it is worth checking out whether your local library authority has an app. There's some really smart stuff going into library apps, easy renewals being at the simple end of the scale, the ability to use your camera phone as a bar code scanner to reserve books you see when you are out and about at the other.PasturesNew wrote: »The whole concept of fines if you forget has always petrified me so I don't borrow books from libraries. I bet 000s of others feel the same. Then, having gone one day over, it hangs over you for weeks.... months ... years for some people.
You don't want to keep the book; you don't want to pay the fine. You understand all about the fines, but something changed in your life and/or you forgot ....
So, rather than live a scared life over a book, my choice has been to avoid libraries.
I bet I'm not alone in that.
It's always needed some amnesty situations ... to save some of us from holding onto late books petrified.
Best solution for you is the e library. Borrow whatever you like from the available choices. If you forget about it, or forget to return it, the code is automatically removed from your device after a set period, so it's impossible to build up fines.PasturesNew wrote: »And a 125 year old photo
Fantastic news on that front. Well done.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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