Investengine new DIY portfolios

Nurse2047

Hi received an email today that investengine now do DIY portfolios and not all managed.
Do-it-yourself investment portfolios are here!  

From email- We’re delighted to announce that you can now build and manage your own portfolio for free with InvestEngine DIY.
Choose your own ETFs, set your portfolio weights the way you want them, and invest commission-free.  

As the markets move, our smart top-up and rebalancing features help you stick to your investment strategy in just a few clicks. 

No dealing or account fees (ETFs do though) 

Nurse2047

Anyone else using Investengine at the moment- what are your thoughts? 

Alistair31

Joined for the bonus only, just went with HMWO and checking now I see it’s up 4.7%. 

Alexland

They seem cheap and competent but I prefer my main investments to be with more established players and have no need for a tiny GIA account so will be closing after the 12 months is up.

DjangoUnchained

i have an investengine managed account which i opened a few months ago tot ake advantage of the £50 bonus, ive got about £700 in it and its up about 5% .

Shedman

Alistair31 said:

Joined for the bonus only, just went with HMWO and checking now I see it’s up 4.7%. 

Ditto.  Not going to make me rich but what was not to like about a free £75 (plus gains) on a £100 investment. Like Alex I'll probably close it after the 12 months is up

Daliah

I only went in for the bonus and am not interested in staying longer term as I am very happy with my self-selected iWeb and HL investments. 

I chose something compiled and managed by InvestEngine, and the performance is anything but stellar, or even encouraging.

older_and_no_wiser

Daliah said:

I only went in for the bonus and am not interested in staying longer term as I am very happy with my self-selected iWeb and HL investments. 

I chose something compiled and managed by InvestEngine, and the performance is anything but stellar, or even encouraging.

That's interesting. My InvestEngine portfolio is up over 8% in a similar time period for the robo managed portfolio.

What risk type did you choose in your initial questionnaire? If you are low risk, you'll have a higher percentage of safe investments such as bonds which won't give you good returns in the short term (less than 3-5 years). I'm prepared to leave my investment for more than 5 years and went for a higher equity level (85%). Of course that will produce a more volatile performance over the short term, but that doesn't worry me.

older_and_no_wiser

Just for comparison, this is my InvestEngine returns chart since opening around June this year on an 85% equity portfolio.

Daliah

older_and_no_wiser said:

What risk type did you choose in your initial questionnaire? 

Can't remember now but may be I did choose low risk. I can't get the app to load atm so can't look at my portfolio allocation


EDIT: I had to delete and re-install the app to get it working again. Not a major problem, happens now and then with all kinds of apps. I can confirm my portfolio has 99.1% Bonds - - though how I ended up with this choice, I can't remember. They also pay the - meagre - income by default to my current account. Again, I don't mind as I am only in there for the bonus but it would be better if the default was to re-invest income.

DireEmblem

I joined to try it out and the £75 RAF bonus made it a no brainer.

I quite like it, the managed portfolios are simple and it’s probably going to become where I save up to eventually pay off my mortgage.  At such point I might even switch to their income portfolio and simply use that.

MoneytoThe Masses has a decent review of it.  They’re basically cheaper than Nutmeg/Wealthify and you can setup different portfolios with different tolerances to !!!!!! different saving needs.