True & Fair

tgon

1. What is the forum's view and experience of http://www.trueandfaircalculator.com

2. I've 24k in a HL drawdown SIPP and considering one of its ready-made investment products until its depleted in 2 years. So short term low capital. Any comments to the contrary greatly appreciated.

Linton

1. Never heard of it. Just had a quick look and cant see why I would want to use it.

2. If you are withdrawing the whole lot in as short a period as 2 years keep it as cash. Any investment returns have a reasonable chance of being wiped out (or worse) by market fluctuations.

tgon

Thanks. Rather than invest in volatile or poor performing funds Ill just deposit it in 2 separate cash ISA's (me and partner) which also currently perform poorly (0.90% AER) but not likely to suffer a "or worse" scenario.

xylophone

https://forums.moneysavingexpert.com/discussion/comment/70977737#Comment_70977737

There was some discussion of your situation in the above.

Are you using high interest current accounts?

jimjames

tgon wrote: »

Thanks. Rather than invest in volatile or poor performing funds Ill just deposit it in 2 separate cash ISA's (me and partner) which also currently perform poorly (0.90% AER) but not likely to suffer a "or worse" scenario.

Why would you do that when you can get 3% using a current account each?

tgon

xylophone wrote: »

https://forums.moneysavingexpert.com/discussion/comment/70977737#Comment_70977737
There was some discussion of your situation in the above.
Are you using high interest current accounts?

I hadn't dismissed this but was exploring broader portfolios as suggested by most current investment management articles I've read. My OP says where my money is - either not in the best place or not being put to best use.

jimjames wrote: »

Why would you do that when you can get 3% using a current account each?

Sorry, I was being glib in my earlier reply. The great openness of pensions and investments nowadays invites people like me trying to work it out on a shoestring. Consequently, the great confusion of pensions and investments nowadays is people like me trying to work it out on a shoestring. :undecided

masonic

tgon wrote: »

1. What is the forum's view and experience of http://www.trueandfaircalculator.com

Wow, that calculator is horrendously complicated.

At the time of launch the Calculator listed over 5000 funds, investment trusts and ETFs, and gave users the ability to enter three lines of data: Amount Invested, Investment Period and Likely Returns. The Calculator would then automatically calculate a likely Total Cost of Investing number, in pounds and pence and as a percentage; as the Calculator was being fed by Morningstar data. To the end of December 2014, the Calculator had 70,000 + visits, and was being used by a number of financial advisers.

...making it a really excellent tool, I'd imagine.

Then...

But in January 2015 the Millers were forced to redesign the Calculator without the automatic data feeds...

...rendering it pretty much useless. The "redesign" was wasted in my view. They'd have been better off pulling it altogether until they can get around the lack of live feed issue.