Damien Fahy's 80-20 Investor - thoughts?

in Savings & Investments
58 replies 19.2K views
Hello everyone,

Was just wondering if anyone has experience of using Damien Fahy's 80-20 Investor tool on Moneytothemasses.com. Appears to be subscription based analysis and best buys for investments. As a novice to the world of investing (have dipped into Robo-investing and considered Vanguard LS over the last couple of years), does anyone have experience of using 80-20 alongside a platform like Hargreaves Lansdown?

Only reviews I can see on the service have been published on Damien's website itself which are obviously all glowing. But was after some practical advice on whether it's useful/you would recommend or any other thoughts for me as a relatively new investor with a good risk appetite, looking to regularly invest over the next 15-20 years minimum to max out returns.

Thanks :)
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Replies

  • benbay001benbay001 Forumite
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    cska wrote: »
    But was after some practical advice


    Don't buy other peoples recommendations :)


    You're welcome.
    Im A Budding Neil Woodford.
  • AlexlandAlexland Forumite
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    You appear to have stumbled upon a third rate version of Martin Lewis. The website for his 80-20 momentum investing tips seems to be a load of hype which has not been detailed or undergone any third party scrutiny. It's not possible to determine the risk he has taken to achieve the gains he is suggesting. I wouldn't touch this with a barge pole.

    Get yourself over to Vanguard Investor as your VLS idea was much better.

    Alex
  • edited 10 May 2019 at 8:20PM
    AnotherJoeAnotherJoe Forumite
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    edited 10 May 2019 at 8:20PM
    cska wrote: »
    Hello everyone,

    Was just wondering if anyone has experience of using Damien Fahy's 80-20 Investor tool on Moneytothemasses.com. Appears to be subscription based analysis and best buys for investments.

    A) no one can sell tips like that and beat the markets indefinitely.
    B) if they could they sure as hell wouldn't need to peddle tips on a website.
  • juststuff123juststuff123 Forumite
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    I looked into this recently too. His daily emails all made sense until it got to the type of investing he was pushing then I couldn't make heads nor tails of it, at which point I started to hear alarm bells. That's when I stopped listening and decided to stick with my own judgement.
    NEW GOAL:- £200k in Savings be March 2024
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  • DrSynDrSyn Forumite
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    1. You would do well taking heed of the previous posts, especially numbers 4 & 5.


    2. As you as you are new to investing, I suggest to watch the two videos below:-

    http://www.kroijer.com/

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


    3. Also take a look at Multi-Asset Funds.

    From looking around the options seem to be:

    Vantage Life Strategy
    HSBC Global Strategy
    L&G Multi Index Funds
    Blackrock Consensus
    Architas Passive

    These have wide diversification while minimising risk, at low cost.

    Life Strategy seems the most often mentioned. The 60% shares/ 40 % bonds seems to me pretty much a "fire and forget" option.

    There is also Fidelity Multi Asset Allocator

    Baillie Gifford Managed. Holds individual shares, rather than index funds.
  • cskacska Forumite
    13 Posts
    DrSyn wrote: »
    1. You would do well taking heed of the previous posts, especially numbers 4 & 5.


    2. As you as you are new to investing, I suggest to watch the two videos below:-

    http://www.kroijer.com/

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


    3. Also take a look at Multi-Asset Funds.

    From looking around the options seem to be:

    Vantage Life Strategy
    HSBC Global Strategy
    L&G Multi Index Funds
    Blackrock Consensus
    Architas Passive

    These have wide diversification while minimising risk, at low cost.

    Life Strategy seems the most often mentioned. The 60% shares/ 40 % bonds seems to me pretty much a "fire and forget" option.

    There is also Fidelity Multi Asset Allocator

    Baillie Gifford Managed. Holds individual shares, rather than index funds.
    Alexland wrote: »
    You appear to have stumbled upon a third rate version of Martin Lewis. The website for his 80-20 momentum investing tips seems to be a load of hype which has not been detailed or undergone any third party scrutiny. It's not possible to determine the risk he has taken to achieve the gains he is suggesting. I wouldn't touch this with a barge pole.

    Get yourself over to Vanguard Investor as your VLS idea was much better.

    Alex


    Thank you guys. Like you all said, I am new to this so it's helpful to know not to waste my money chasing big investments when it looks likely that over time, most investments will equal out to about the same return. In terms of where I should go, you all mentioned multi-asset funds or trackers. Which platform do you recommend using for an initial amount + monthly drip-feeding (e.g. £10,000 lump sum and a monthly pay in?). Have looked around and whilst Vanguard has lowest fees, you can't diversify more than the funds that it offers. So while I'm interested in VLS I wouldn't mind investing in some of the other funds you mentioned. Is Hargreaves Lansdown the best for what I am proposing to do?

    Thanks again for your invaluable advice :)
  • bostonerimusbostonerimus Forumite
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    Any of the large respectable platforms will work. FYI Vanguard does not allow you to buy other funds on it's platform, but that's not an issue in most circumstances as you have plenty of choice within the Vanguard family of funds. Of course if you want to buy something like Fundsmith you'll have to use other platforms like H&L
    “So we beat on, boats against the current, borne back ceaselessly into the past.”
  • RollinghomeRollinghome Forumite
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    cska wrote: »
    But was after some practical advice on whether it's useful/you would recommend or any other thoughts for me as a relatively new investor
    When I was a kid my father used to take me to Epsom Downs every year to watch the Derby.

    One of the highlights was to see Prince Monolulu who was a famous tipster; a huge man who travelled the country wearing colourful gowns and an ostrich-feather head-dress. His famous call was "I gottan 'orse". He claimed to be a chief of the Falasha tribe (and a few other things).

    Prince-Monolulu.jpg

    He had been a wrestler and fire-eater in a circus at one time and had once won a huge amount of money betting on an outsider which had made him so famous that he decided to sell tips for a living. Sadly, he never had that luck again and had to continue as a tipster into old age and earn extra money from a stall in Petticoat Lane.

    He died aged 84 after choking on a strawberry-cream chocolate.

    If you are going to pay any tipster then find one like Prince Monolulu, who even if his tips weren't any good, was worth it for the entertainment.

    Or take the advice of earlier posters - for free. :)
  • edited 13 May 2019 at 9:56PM
    AlexlandAlexland Forumite
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    edited 13 May 2019 at 9:56PM
    cska wrote: »
    Which platform do you recommend using for an initial amount + monthly drip-feeding (e.g. £10,000 lump sum and a monthly pay in?). Have looked around and whilst Vanguard has lowest fees, you can't diversify more than the funds that it offers. So while I'm interested in VLS I wouldn't mind investing in some of the other funds you mentioned. Is Hargreaves Lansdown the best for what I am proposing to do?

    At £10k plus a monthly contribution you would be better with a percentage based S&S ISA platform for a few years and if you need a broader fund selection than Vanguard Investor can offer at a 0.15% platform fee then consider Cavendish at a 0.25% platform fee. HL are expensive at 0.45%. Once you get to £25k then consider transferring to fixed price Halifax Share Dealing at £12.50 pa and £2 per scheduled trade (£36.50 pa).

    Personally my view is that a single Vanguard fund can offer sufficient diversity (with thousands of underlying holdings) for most people's needs. If you also invested in HSBC Global Strategy or Blackrock Consensus there would be a huge overlap - you might as well chose just one mixed asset fund per account.
    Of course if you want to buy something like Fundsmith you'll have to use other platforms like H&L

    You don't need to use a platform to access Fundsmith as they accept customers directly. Still it is a concentrated higher risk investment than a mixed asset fund so probably not suitable for most people.

    Alex
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