Nutmeg Investment - any good?

Jonty37

I have been introduced to Netmug Investments, they are online, Im slightly wary of anything new online, but have heard good things, has anyone used them?

colsten

Serch the forum, they have been discussed at various times. Bottom line is that they are an expensive way to invest and many cheaper options are available.

redux

Is that mistype a Freudian slip?

moneyfoolish

Jonty37 wrote: »

I have been introduced to Netmug Investments, they are online, Im slightly wary of anything new online, but have heard good things, has anyone used them?

I've used them. I found them very user-friendly in terms of the website and customer support was also very good. You basically select one of several ETF porfolios with varying degrees of risk. It's easy to put money in and easy to take money out. The fees are 1% which many on here think is excessive. My reading on here tells me that with a bit of effort you can get cheaper products doing similar things. I don't know how their performance stacks up against similar products.

Jackthedog

They are Ok ... I have a bit with them as part of a diversified portfolio.

Fairly straightforward to understand ... more so than many.

Fees clear enough ... cheaper than some ... more than others.

Performance nothing special but better than my shares of late!

Easy to add and retrieve you money