My ISA with St James Place

AnotherJoe

purplelavender wrote: »

Thanks Joe, it just states how much in each of the listed funds.
So now if I do want to invest elsewhere this brings me to my OP, what to do with it? Bearing in mind I'm not very confident with all this.

Sorry to harp on but when you say it says how much in each of the listed funds, it literally just says "UK high income, Equity income, Multi asset, international equity and finally UK and general progressive. ". And doesn't put any names to those ?

To give you a comparison it's like saying that you can buy a collectiion of cars , you can have a SUV, an estate, an MPV and a sports car. But you don't know if it's a Jag or a Hyundai SUV, a Porsche or a Totota sports car, and so on. And certainly not telling you the exact models either.

And to answer your question about what to invest in, an easy get out of jail free card would be to say go for Vanguard Lifestyle 20, 40,60, 80 or 100 depending how risk averse you are and the length of time you'd hold it for. The longer the time and the riskier you are happy to go for the higher the number you'd pick. 100 is all equities (shares in companies), as you go down the scale you hold more bonds, which are meant to be safer. So 100 is 100% equities, 80 is 80% equities 20% bonds, and so on.

Pincher

purplelavender wrote: »

Pincher, I'm not sure how to react to your comment.

Sunday Times, Money section 12th February 2017.
Front page Head line


"Advisers win prizes for every pound you invest"

St. James's [sic] Place gives jewellery and luxury trips to its profitable wealth advisers - but don't call it a commission.


Another story a few weeks ago.

It's so de ja vu of Merchant Investors, from 20 years ago.
I think their top pimps/advisers got diamond jewellery.

As you can tell, I have only contempt for them.
I used to get invitation letters from them, but I suspect it's just sandwiches.
Also, they might drug me and get my money that way.

purplelavender

Joe, I understand what you're saying and I'm beginning to realise my naievty here but it does look like they're SJP funds
UK Equity £11,813
And so on against each asset I quoted above is the value. I can't find any info on the fund name. Maybe I should phone them tomorrow to find out more about the investments and exit fees if any.

purplelavender

xylophone wrote: »

You say



Are you sure that you want a stocks and shares ISA?

It would be possible to invest in funds that pay interest but the value of the units would vary with the market.

I'm not sure, where else can I get such a return? We all know finding somewhere for savings is hard nowadays

purplelavender

AnotherJoe wrote: »

Vanguard Lifestyle 20, 40,60, 80 or 100 depending how risk averse you are and the length of time you'd hold it for. The longer the time and the riskier you are happy to go for the higher the number you'd pick. 100 is all equities (shares in companies), as you go down the scale you hold more bonds, which are meant to be safer. So 100 is 100% equities, 80 is 80% equities 20% bonds, and so on.

I shall have to research this, thanks. Do you think an IFA might help me?

justme111

Inexperienced one here (may be easier to relate for you though)- I think if you go IFA route with this size of portfolio it may take a few years for you to benefit from it as initial advice would cost money. Probably ideal course of action would be to find out the exact charges of SJP and then consider one simple tracker for it

greenglide

They do have their own range of funds - see here https://www.trustnet.com/ia-unit-trusts/price-performance?univ=O&Pf_Manager=STJ

The fund names all seem to start with "SJP".

purplelavender

greenglide wrote: »

They do have their own range of funds - see here https://www.trustnet.com/ia-unit-trusts/price-performance?univ=O&Pf_Manager=STJ

The fund names all seem to start with "SJP".

Yes that's them, thanks for link

ColdIron

AnotherJoe wrote: »

Sorry to harp on but when you say it says how much in each of the listed funds, it literally just says "UK high income, Equity income, Multi asset, international equity and finally UK and general progressive. ". And doesn't put any names to those ?

It's how SJP name them
https://www1.sjp.co.uk/funds/unit-trust-group-funds/charges-and-costs-disclosure

purplelavender

Thanks for the advice and help tonight. Seems as though I have a choice
Leave it where it is knowing I've paid out initial fees and continue to pay annually (but need to find out how much)
Withdraw (hopefully not paying exit fees) and invest elsewhere
Second option is the most difficult as I don't really know where to start .....
And on that note goodnight all