This investment is good right?

simonp

Cheers. The key here seems to be keeping an eye on it so worth logging into the app every now and then.

bowlhead99

simonp said:

Cheers. The key here seems to be keeping an eye on it so worth logging into the app every now and then.

Not really. If you are investing for the long term (which is the only way you should be investing) it will not perform better just because you keep an eye on it or log in from time to time.

It is supposed to go to and down over time, and up overall in the long term. The longer you invest for, the more likely you are to get something close to the long term average returns that are available from those sort of investments. In the short term though, it can go up or down on the whims of the financial markets.

How will 'keeping an eye on it" help it perform? The investments are not looking for your advice or permission to become more or less valuable. They will do what they will do. You won't be able to effectively get the timing right to get all the ups without any of the downs, as otherwise we would all have done that with other investment products and be retired billionaires by now.

masonic

masonic said:

Based on the fees charged (just over 0.5% of the final portfolio value), it looks unlikely this was trickled in. If it was trickled in the fees over the next year will be considerably higher.

Nope definitely trickled - if I understand that term correctly. I've been paying in between £50 and £70 a week over the last 15 months.

I'd forgotten that there was a £1 a month fee (after the first 3 months) on top of the 0.45% per year (and fund AMC), so that makes the overall cost about 1% of your average balance in the first year.