ISA Lost £3K in 6 Months - Stick or Switch ?

Prism

RocketRonnieRadox wrote: »

Thanks Prism, would you suggest the HSBC Global Strategy over Lindsell Train ?

Thanks again

Thats something you will need to work out, they are very different approaches. I prefer active funds (like Lindsell Train) in general but lots of people are fans of passive based multi asset funds like the HSBC GS range, mainly for the significantly lower fees.

justme111

RocketRonnieRadox wrote: »

The reason for the charge is because I would be switching platforms / funds and using a different advisor.

.

I struggle to phrase the question so that you answer it , I seem to have asked the same question in 3 diffetent ways without still getting an answer. So who exactly is going to be charging you ? Old provider for releasing funds? New provider for investing them?Is the charge for changing funds or platform? Because saying it is a charge for "switching platform/funds" does not make it clear and if it is not clear how would you expect to figure out your options?

BrockStoker

RocketRonnieRadox wrote: »

Comparing HSBC World selection Balanced with Lindsell Global makes interesting reading -

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/h/hsbc-world-selection-balanced-portfolio-c-accumulation/charts

Vs

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/l/lindsell-train-global-equity-class-d-income/charts

Lindsell seems to come out 3 times better based on historic.

Here's a tip:


If you search for the funds you are interested in on Trustnet, on the result page/fund info page you'll see a performance chart, and a link below that that says "Explore further with interactive charting". If you then click on the link, you'll get taken to that fund's interactive chart.


Now search for the next fund you want to compare in the same way as above, and go to the interactive chart for that fund.


If you then look at the URL, at the end there is an "=" followed by a series of letters and numbers. This is the code for the fund.


Eg. For the Lindsell fund ( https://www2.trustnet.com/Tools/Charting.aspx?typeCode=FK6WV,XO:GLBLGRTH ) the last part of the URL is: FK6WV,XO:GLBLGRTH


The code for the fund is "FK6WV", and "XO:GLBLGRTH" is the code for the index which Trustnet automatically includes for comparison.


If you copy the code for the fund, and add it to the end of the URL of the other interactive chart by replacing the code for the index which is the last part of the URL after the ",", and then hit refresh, the index will go and you'll have both your funds on the same chart, which makes it much easier to compare, like this:


https://www2.trustnet.com/Tools/Charting.aspx?typeCode=FGTNA,FK6WV


If you like, you can add further funds, by finding their respective codes and separating each one you add with a ",".


For example here is one chart I have saved which compares 3 Marlborough funds which I'm interested in:


https://www2.trustnet.com/Tools/Charting.aspx?typeCode=O_FEMB3,O_F004S,U_FFMMC

Lungboy

RocketRonnieRadox wrote: »

The reason for the charge is because I would be switching platforms / funds and using a different advisor.

The fund I am in now was put toghether by an IFA some 12 years ago so I thought it might be advantageous to review. I relied on the experience of the IFA back when we began the existing fund.

Since posting this I have made contact with the original IFA with a view to seeing if he could optimise my investment without the additional cost of switching platforms.

I'll update the thread once we have reviewed things with the original IFA.

Thanks to Davidquizer too - I just checked the Lindsell Global fund and it does look like it has performed very well. I'll ask my advisor about it too.

Comparing HSBC World selection Balanced with Lindsell Global makes interesting reading -

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/h/hsbc-world-selection-balanced-portfolio-c-accumulation/charts

Vs

https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/l/lindsell-train-global-equity-class-d-income/charts

Lindsell seems to come out 3 times better based on historic.

I'm confused too. You keep saying that you are in a fund, do you mean your portfolio? Or are you actually in one fund of funds which includes the 10 funds mentioned in your first post? If the latter, what fund is it?

Alz1986

I sold out of Liontrust UK at a loss, and then bought in BG Edingburg, best move I made. Recovered losses and in profit.

Go DIY. Look for funds which a potential, or consistant past performance.

dunstonh

Alz1986 wrote: »

I sold out of Liontrust UK at a loss, and then bought in BG Edingburg, best move I made. Recovered losses and in profit.

Go DIY. Look for funds which a potential, or consistant past performance.

BG funds are typically higher risk in their respective areas. So, you generally find they go up more during positive periods and down more during loss periods.

RocketRonnieRadox

justme111 wrote: »

I struggle to phrase the question so that you answer it , I seem to have asked the same question in 3 diffetent ways without still getting an answer. So who exactly is going to be charging you ? Old provider for releasing funds? New provider for investing them?Is the charge for changing funds or platform? Because saying it is a charge for "switching platform/funds" does not make it clear and if it is not clear how would you expect to figure out your options?

OK I thought I answered this in a previous post - this charge is the advice charge of the HSBC advisor - it is 2.75% of the investment amount.

It is not the platform or switch charge - just the advice charge from HSBC.

Thank you

RocketRonnieRadox

Lungboy wrote: »

I'm confused too. You keep saying that you are in a fund, do you mean your portfolio? Or are you actually in one fund of funds which includes the 10 funds mentioned in your first post? If the latter, what fund is it?

Thanks for the reply - apologies for my poor nomenclature - I mean portfolio which comprises of the funds mentioned initially.

justme111

RocketRonnieRadox wrote: »

OK I thought I answered this in a previous post - this charge is the advice charge of the HSBC advisor - it is 2.75% of the investment amount.

It is not the platform or switch charge - just the advice charge from HSBC.

Thank you

So if you move it and do not invest it through HSBC advisor you do not have this charge - right?

RocketRonnieRadox

justme111 wrote: »

So if you move it and do not invest it through HSBC advisor you do not have this charge - right?

Right - I just spoke to the IFA who set up my portfolio in the forst place and he confirmed so the way to go is now obvious. I just feel stupid that I got taken in by this and will now have to pay the £420 fee for advice if the fund offered is not taken.

I feel a little robbed TBH.