After managing my own investments for 20 years i'm finding it to time consuming doing all the DD.

Albermarle

george4064 said:

@crisisinchina I think you would really benefit from speaking to an IFA (INDEPENDENT Financial Advisor). They will be able to explain everything to you and handhold you through the process to ensure you invest in an appropriate portfolio, both in terms of risk tolerance and suitably diversified.

Also as the OP is now with HL and with HL funds , they could be paying >1.5% in total costs , so a decent IFA would most likely actually work out cheaper, even with their own fee .

crisisinchina

Thanks for ALL the replies.

When i say funds recommended by HL i mean funds on their Wealth shortlist.

Sadly i was blinded by HLs reassurances when it came to Woodford. Had 6% exposure of my portfolio to the cretin. Hopefully recoup some losses in the class action.

I know i could have done a lot better but i don't think ive made a complete hash of things. Glad i was never tempted to put more than 5% in peer2peer. I have a friend who invested his whole £260000 inheritance in Lendy. Crazy.

aroominyork

dunstonh said:

I'm ashamed to say I'm probably daft in the sense i'm invested with Hargreaves Lansdown. Mostly invested in the funds they recommend (e.g Neil Woodfords. OUCH!)

Unless you were on their restricted advice service, then HL did not recommend funds.    Woodford was easily avoided by proper due diligence.   It is amazing how many were blinded by the man and ignored the method.

Successful marketers are the ones who are not ‘amazed’ that people can be convinced to buy things that might not suit them. They know which buttons to press. But you come at it from the perspective of an ethical IFA and perhaps credit folk with more savvy than they have: most people freeze at the term ‘due diligence’ or advice to ‘work out your investment strategy’.

IanManc

JohnWinder said:

If you're tired of due diligence and research, reflect on whether you're over-egging the omelette. 

You can't over-egg an omelette. You just get a bigger omelette.

You can over-egg a pudding though.  😊

JohnWinder

Thank you. Brewer's Phrase and Fable let me down. It's not there, under 'over', 'egg' or 'pudding'.

older_and_no_wiser

george4064 said:

Not sure how much this £400k ISA is relative to OP’s other assets, but I would imagine a considerable amount. Considerable enough that you wouldn’t want it to get caught up with a firm that may go into administration due to their losses made..

Well we don't know the OP's overall portfolio fund. If they have £400K in an ISA, who's to say that they have a separate pension pot worth £xM+? Maybe wishful thinking? ;-) 

Interesting point made though on losing money if a platform goes into administration. Is the money not invested in the funds rather than the platform company?

Albermarle

I know i could have done a lot better but i don't think ive made a complete hash of things. Glad i was never tempted to put more than 5% in peer2peer. I have a friend who invested his whole £260000 inheritance in Lendy. Crazy.

It is clear when it comes to investing, then with hindsight we could all have done a lot better, and the fact you have £400K just in a S&S ISA ( and probably not your only asset(  means you can not be said to have made a hash of it .

Unlike your friend ..........

Grenage

In theory you could just buy good companies and sit on them for decades - only checking their performance once or twice a year.  It depends how often you trade and how much you enjoy it.

Absolutely nothing wrong with cashing out and throwing it into funds or a  tracker.

I'm almost exclusively on individual shares now, but whenever anyone asks about getting into it I almost always say you can't go wrong with a global tracker.

Eco_Miser

swleventhal said:

Interesting point made though on losing money if a platform goes into administration. Is the money not invested in the funds rather than the platform company?

The money is still there in the funds (unless it isn't), but there could be a long wait while the administrators sort everything before you can trade again. See SVS Securities thread for a particularly bad example.

Linton

Eco_Miser said:

swleventhal said:

Interesting point made though on losing money if a platform goes into administration. Is the money not invested in the funds rather than the platform company?

The money is still there in the funds (unless it isn't), but there could be a long wait while the administrators sort everything before you can trade again. See SVS Securities thread for a particularly bad example.

SVS isnt a typical example.  They specialised in illiquid investments that could not readily be transferred elsewhere.