Leaving cash in Fidelity platform for fees

schiff

If you have income producing funds in your portfolio wouldn't the income, especially if monthly, cover the charges? If enough.

Otherwise I have always understood that the units from the largest (in value) fund are sold to cover charges. I also understood that you could specify which.

Alexland

Sally57 wrote: »

Are you sure about that? My husband and I both have SIPP's with Fidelity that together total over the £250K limit for the lower discounted platform rate of 0.20% but we don't get that.

Reading the literature they would only consider joint accounts towards your overall fees rather than other family member individual accounts. If you are together paying 0.35% on over £250k of investments that's over £875 pa. Would you do better switching into exchange traded assets (for the £45 cap) or if sticking to funds then a fixed fee platform such as iWeb / HSD?

Alex

davidquizer

I'm with H&L and always leave cash in the account to pay the fees. Cashing in units at the wrong time can lose you future growth.

aj9648

Just read this post and thought it was a good idea so tried to add cash to my fidelity SIPP. but it says that it was not allowed for this type of account - speak to advisor.....

Second gripe with fidelity is that it does not tell you what your returns are - over many years I have put in £x and it tells me what my portfolio value is but never what the return has been.....grrr

bowlhead99

aj9648 wrote: »

Second gripe with fidelity is that it does not tell you what your returns are - over many years I have put in £x and it tells me what my portfolio value is but never what the return has been.....grrr

Fidelity are not known for having awesome portfolio monitoring and reporting tools.

Still, most other platforms don't give you what you're asking for either.

For example I have an account with AJ Bell and my Mum uses HL.

- Both of them will let you view or export a detailed cash history from which you can see that you contributed £x on date a and £y on date b.

- And both of them will show you that your current portfolio value is £z, broken down between various different investments and cash.

- But neither of them will tell you that because you put in £10000 four and a half years ago and another £2500 fifteen months ago, and the whole lot is now worth £16900, you have achieved an annualised return of about 8%.

An investor who needs that analysis or performance reporting can download free spreadsheet software off the internet and work it out for himself using exported transaction or value information from his account. But if people will buy the services without being given the performance reporting tools by the service provider, there is no real incentive for the service provider to create and bundle such tools for free.

schiff

aj9648 wrote: »

Second gripe with fidelity is that it does not tell you what your returns are - over many years I have put in £x and it tells me what my portfolio value is but never what the return has been.....grrr

I have discovered - just today as a matter of fact! - that there is an OFF/ON switch on the home page for 'Performance' and if you go through 'Transaction History', then 'Performance Report', you get a whole mound of stats.

Maybe that will give you what you need?

aj9648

schiff wrote: »

I have discovered - just today as a matter of fact! - that there is an OFF/ON switch on the home page for 'Performance' and if you go through 'Transaction History', then 'Performance Report', you get a whole mound of stats.

Maybe that will give you what you need?

Thanks. Yeah my reports are so huge that I cannot really get through them all

I wished they had a vanguard like return number which gives you the return number on your portfolio

lewisp91

Net of charges and bench marked against other funds

Terry98

aj9648 wrote: »

Thanks. Yeah my reports are so huge that I cannot really get through them all

I wished they had a vanguard like return number which gives you the return number on your portfolio

I like the 'Annualised Return' figure on the Account Summary page which gives quick overview of all my portfolio. I think this is only available after being with Fidelity for more than a year.

Novice_investor101

That must be just the Sipp that doesn't give you the figures?
On my ISA I just add/remove the total return from my value & it's gives me the amount I've paid in.

Ie.. if I'm in a plus I remove that figure from my value & if it's a minus I add it on - & that's how much I've paid in.