Fixed Rate Bond

Exiled_Tyke

Two choices - savings accounts at around 1% interest rate if you are lucky OR  stock market/bond investments which carry greater risk, need to be held for the long term, should on the whole get a better return BUT not good if you are likely to need the money in a hurry.    Of course you may go with a combination of the two. Most advisers suggest keeping around 6months of income needs in cash.   

If you want to invest in bonds etc. I'd again look at Welthify. There's a link on MSE to a cashback offer. All the investor needs to do is choose their risk profile and they'll be given typical examples of high and low returns.  They then invest in a portfolio of funds reflecting the risk profile.  Without paying for financial advise it's about as easy as it gets. 

Personally I like Hargreaves Lansdowne. They do have higher fees than most (although people forget that they do tend to have lower 'per fund' charges). But their research and information services are excellent.  You do need to know a little more about what you are doing however - although again they have some ready made portfolios such as this: 

https://www.hl.co.uk/funds/hl-funds/multi-manager-funds/hl-multi-manager-stategic-bond

dunstonh

Personally I like Hargreaves Lansdowne. They do have higher fees than most (although people forget that they do tend to have lower 'per fund' charges).

Most platforms have some superclean share classes and some platforms have more than HL.   Many of the funds that issues superclean share classes are not that desirable anyway (generalisation but fair for the majority).

 But their research and information services are excellent.  

I would care to disagree.    There were research companies warning about Woodford Income and his illiquid assets in 2017.  Two years before it failed. HL continued to have it the list right up to closure.     

ou do need to know a little more about what you are doing however - although again they have some ready made portfolios such as this: 

https://www.hl.co.uk/funds/hl-funds/multi-manager-funds/hl-multi-manager-stategic-bond

 If you are going to be considering those types of funds then you should really be using an IFA.   The whole point of going DIY is to save money.   However, with these types you end up paying more money.    

quirkydeptless

Exiled_Tyke said:

You do need to know a little more about what you are doing however - although again they have some ready made portfolios such as this: 

https://www.hl.co.uk/funds/hl-funds/multi-manager-funds/hl-multi-manager-stategic-bond

OCF/TER 1.21%

(plus up to 0.45% p.a. platform charge)

Another_Saver

quirkydeptless said:

Exiled_Tyke said:

You do need to know a little more about what you are doing however - although again they have some ready made portfolios such as this: 

hl.co.uk/funds/hl-funds/multi-manager-funds/hl-multi-manager-stategic-bond

OCF/TER 1.21%

(plus up to 0.45%)

Which will probably swallow up the entire yield (i.e. 100% of the return)

Prism

Another_Saver said:

quirkydeptless said:

Exiled_Tyke said:

You do need to know a little more about what you are doing however - although again they have some ready made portfolios such as this: 

hl.co.uk/funds/hl-funds/multi-manager-funds/hl-multi-manager-stategic-bond

OCF/TER 1.21%

(plus up to 0.45%)

Which will probably swallow up the entire yield (i.e. 100% of the return)

The yield (about 2.5%) is after the fees are deducted but yes that top up of an extra 0.75% or thereabouts on top of the underlying fund fees will certainly cut into the performance. 

Exiled_Tyke

And how much is an IFA going to charge in comparison?
It's not exactly impartial, an IFA suggesting you really must have an IFA?   

dunstonh

Exiled_Tyke said:

And how much is an IFA going to charge in comparison?
It's not exactly impartial, an IFA suggesting you really must have an IFA?   

Perhaps when you have been on this site longer you would know that I am impartial.  You also seem to have missed the bit I mentioned about DIY.
IFA on a transactional portfolio around 0.5% and on an ongoing advice portfolio around 1.1%

NottinghamKnight

Exiled_Tyke said:

And how much is an IFA going to charge in comparison?
It's not exactly impartial, an IFA suggesting you really must have an IFA?   

It's always wise to question a perceived bias, but better to do that from a position of knowledge. HL have a good website but their research is no better, and often worse than other providers; there's a long history of their wealth list recommending poor funds with higher charges, woodford being the latest. They have their place, and can be good value if you restrict yourself to their capped fee offerings but if you are looking for their ready made portfolios, and are a low knowledge investor then an IFA should give you a better service at an almost certainly lower cost.

mrseyes

Thank you all for warning me. 

BDS London (clone of EEA authorised firm)

Warnings First published: 29/10/2020 Last updated: 29/10/2020
This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.