Master Portfolios

Spurs_2015

I have just been looking into the portfolio builder at Hargreaves & Lansdown and this seems quite good especially if you don't have a lot of money to invest as you enter the amount you can put in each month, choose the level of risk and it gives you 3 funds to split your money between. Has anyone had any experience with using this?

System

Not a fan personally, I think their diversification is poor and rationale for grouping funds together is absent.

If you are a novice investor I would go with a global tracker and add active funds as you become more knowledgeable and confident.

BLB53

Looks like an easy but expensive way to invest with total charges getting on for 2% incl platform fees.

There are much simpler, lower cost solutions such as the index portfolio suggested by monevator's slow & steady - http://monevator.com/category/investing/passive-investing-investing/

and diy investor uk's Lifestrategy approach - http://www.diyinvestoruk.blogspot.co.uk/2015/04/vanguard-lifestrategy-one-stop-solution.html

Both of the above would probably work out cost wise at around 0.5% so quite a saving compared to the HL solution.

Spurs_2015

Great thanks for the responses.