Investing in Funds

Thrugelmir

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bowlhead99

Thrugelmir wrote: »

Spam reported. :xmastree:

Yes, for Vijay and gwencert.

'Tis the season, unfortunately

ColdIron

Well it's worked for Vijay so far, his post count was 2 a few hours ago

funkey_monkey

Hi,
Jut thought I'd tidy this thread up.

In the end ,I went with an IFA for my investment. I went to a total of 5 in total.
1. St James Place - ruled out when I heard the fees
2. DFM - ruled out as I didn't see what he was doing to ean his money
3. IFA - seemed irked when I asked about fees. Ruled out
4. Chartered IFA - seemed really good. Talked through a number of things inc. pensions thoroughly. Understood what he was saying etc.
5. Chartered IFA - as above.
6. There was another, but he told me not to invest at this stage and use money for my home which I'm looking to get soon.

So I went with #5 - for no other reason than he was a bit younger than #4, but still experienced and I felt comfortable with him.

Pension has been taken out at £450 fee with Royal London. Most of my colleagues went with HL.

ArmyDilllo

Congrat's.
Glad you're sorted.
Hopefully next comes 'peace-of-mind'.



I wouldn't necessarily be put off by a 3% management fee.
As long as it's warranted;
If a 3% fee will improve my funds by 20%, compared to a 1% fee that only makes me 5%, the higher fee is justified.
But no fee warrants draining your resources.


My endowment matured last Friday and arrives in my account Wednesday.
WOOHOO!
Barbados here I come (maybe after hurricane season though...)!

funkey_monkey

Got my 6 month statement in. Looks like a 7% return for the period. Pretty happy with that personally.
Is that comparable for the current market?

Malthusian

The FTSE World is up just under 8% over the last 6 months. Take off costs and your portfolio is pretty much bang on.

To properly judge we'd need to know what your portfolio is invested in, but it sounds fine to me.

chrisgg

funkey_monkey wrote: »

Got my 6 month statement in. Looks like a 7% return for the period. Pretty happy with that personally.
Is that comparable for the current market?

Depends on the equity content. And whether it's gross or net of fees.

For comparison purposes, here is the performance of all funds in the IA 40-85% Equity sector. Most funds here would probably be considered medium/upper medium level of risk.

trustnet.com/fund/price-performance/o/ia-unit-trusts?sector=O%253ABALMAN&sortby=P6m&sortorder=desc[/url]

funkey_monkey

The return is net of fees.

funkey_monkey

Hi annual statement is in and I've got approx 4% return on a portfolio split which is equally split across low, medium and high risk funds.

I've got some additional money which I want to place somewhere. I would like to start looking after this myself. The amount is approx £30k. I'm thinking of placing it in either the Royal London Sustainable World Trust C Acc or else the old favourite of LifeStrategy 80.

The Royal London tops the leaderboard on Trustnet over a 5yr span and has a TER of 0.77%.
The LS80 as I'm sure you all know is top 6 on Trustnet over the same period and has a TER of only 0.22%.

Would either of these be a good place to drop the cash? Or are there other factors that I need to consider?