Yodelar

daftlupin

Has anyone come across Yodelar and is so are they trustworthy and any good.Thanks

nrsql

No.
From that post I would guess almost certainly not.
Not going to google them.

bowlhead99

It's not really something you need to pay for, as you can find things like:

1,3 & 5 yr Performance of more than 3,000 funds
Fund Ranking of each fund within their sector
1-5 star performance rating applied to each fund

...available for free with sites like Trustnet.com and Morningstar.co.uk

When you are using something like Trustnet you can build your own interactive performance charts across different date ranges, add funds to a chart of another fund, compare the correlation and volatility of funds against each other etc.

Usefully when you are looking at a chart for a fund on Trustnet you are not restricted to a pretty picture of the last five years while funds were mostly going up; you can change the date range to go back to earlier periods and see how the fund did in the crashes of 2000-03 or 2007-9, then strong recovery and then dip in 2011 etc.

There's nothing in the marketing bumpf from Yodelar to suggest that their analysis goes back further than just the last five years when comparing your chosen funds to others in their respective sector. Yet investing is for the long term. And of course you can get 'reviews' of funds all over the internet (including on the investment platforms that sell them or from the people that manage them) or discussion on discussion forums like this.

So, I haven't paid for a trial (which I would risk forgetting to cancel the monthly payment) to have them tell me that a particular fund happened to beat the fund of my choice over the last year. When this provider had been mentioned here in the past, there hasn't been much enthusiasm. Examples:
https://forums.moneysavingexpert.com/discussion/5643670/valuable-time-saving-information-or-not
https://forums.moneysavingexpert.com/discussion/5643452/recommended-platform-funds-performance

(moneysite was a sister brand, now shuttered and failing to redirect to Yodelar website; the Yodelar company hasn't been going long enough to ever have needed to file a set of accounts to see if they actually make any real revenue)

daftlupin

Thanks for the advice. I am an ignoramus about investments. I presently have my life savings with St James Place and am dismayed by their terrible performance and high costs which have only just been made clear to me. Looking for alternatives.

bowlhead99

daftlupin wrote: »

Thanks for the advice. I am an ignoramus about investments. I presently have my life savings with St James Place and am dismayed by their terrible performance and high costs which have only just been made clear to me. Looking for alternatives.

Generally the choice would be to go to an independent financial advisor (IFA rather than FA) or DIY. But DIYing is difficult when you are ignorant about investments.

It's not impossible to figure out the basics from a point of ignorance, but a bad way to do it would be to sign up with a media/publishing business who will 'suggest' alternatives - and wow you with flashy graphs about whatever fund happened to be the best in its sector over a recent short space of time.

You mention SJP having terrible performance; high costs are to be expected -which hurts performance - but the actual funds they put you in are not universally terrible in terms of gross performance for the risk level. Of course, if you sign up with Yodelar, you may well be told that a particular SJP fund was in the bottom half of a league table for a particular period and you could have had x% more return over the last 3 years if you had magically known 3 years ago which fund was going to top the rankings. Some people would not appreciate that the number one fund in the rankings for a given sector may be operating at a significantly higher risk level than the fund they already have... which could be painful to realise after they pay SJP's exit fee to buy the 'top fund' on a DIY, non-advised basis just as the economy goes through a downturn.

In your situation of being in a service relationship with an expensive adviser firm that only sells its own products, it wouldn't be a bad thing to go and pick two or three IFAs local to you, to have a discussion about the advice they can offer and the price of that advice in the context of how big your life savings are. By contrast, paying for freely available fund data and receiving a periodic magazine with 'investment ideas' from a media company that hasn't been operating very long, is probably not the best way to manage your life savings, as it may do more harm than good.

The_Miser

Bowlhead99. Whilst I echo the suggestion about IFAs, in order to check what they are suggesting you could get a free subscription to citiwire.co.uk Also The Motley Fool (fool.co.uk)(free of charge) has a section under the heading "investing" for total beginners telling you what to look for. Good for DIY and also cross-checking what an IFA tells you. Remember that there are good and better IFAs (and some you will not get on with!)

There are several other highly reputable sites which I use but those two plus Morningstar are a good start.

Remember that you are generally being given historical data so just kep your eyes open - what was a highflyer one day can be a disaster the next. Managers may change or, as happened to me, a very good fund can be sold to another company and tank.
Usual advice; investments can go up or down - you can profit but also you can lose money

DrSyn

1. Have never heard of this company before.

2. Companies House shows that the Yodel Group Ltd was incorporated
on the 9 March 2018.

While scamadviser.com shows that the website "Yodel.com" is 3 years 261 days old.


3. As I understand it, St James Place charges high fees. Have you considered a different IFA near you?

https://www.citizensadvice.org.uk/debt-and-money/getting-financial-advice/

https://www.which.co.uk/money/investing/financial-advice


4.Instead of Yodel have explore these websites:-

https://www2.trustnet.com/Investments/MultiManagerMixedAsset.aspx

http://www.morningstar.co.uk/uk/


5. These might be of interest to you:-

http://www.kroijer.com/

https://www.ifa.com/indexfundsthemovie/


Hope the above may be of interest and use to you.

Ops, have just notice the date of the OP!