Spectacular failure of dabbling in the stock market..

[Deleted User]

6022tivo said:

redpete said:

One of these is down to 0 today!

Are you sure? That would be something catastrophic, like the fund manager going bust with no protection of investors' money.

Evraz.....

Something to do with Abramovich owning 29% etc etc... 
Far too much Russian Involvement 

the 0 may be because it was suspended when I looked.. 

Hi,

read THIS.

dunstonh

If I go for the local IFA @dunstonh route, I just google the local area, or is there a IFA rating and review type site/list. 
I always worry about them being carless or just sales/commission focussed, but I hear that comment a lot on here. I know they are not charity.. 

There is no rating site.

IFAs do not receive commission and most are small localised firms with 1-5 advisers.  So, not a salesforce.   You pay the adviser fee.  No-one else.  The adviser works for you.   We are probably getting mixed up with FAs.  Especially those that worked with salesforces. Such as a bank.  Indeed, you seem to have it back to front.  The salesforces of the banks and insurers were the ones with poor reputations, sales targets, pressure etc.

That said, even if you had gone with a salesforce/wealth manager, they wouldn't have made the mistakes you did with your selection. 

adindas

6022tivo said:

redpete said:

One of these is down to 0 today!

Are you sure? That would be something catastrophic, like the fund manager going bust with no protection of investors' money.

Evraz.....

Something to do with Abramovich owning 29% etc etc... 
Far too much Russian Involvement 

the 0 may be because it was suspended when I looked.. 

 EVRAS,  I have this stock.  stock is not going to zero. Trading is just being suspended. Have not tried it but I think you could still sell it, but not adding it.

6022tivo

dunstonh said:

If I go for the local IFA @dunstonh route, I just google the local area, or is there a IFA rating and review type site/list. 
I always worry about them being carless or just sales/commission focussed, but I hear that comment a lot on here. I know they are not charity.. 

There is no rating site.

IFAs do not receive commission and most are small localised firms with 1-5 advisers.  So, not a salesforce.   You pay the adviser fee.  No-one else.  The adviser works for you.   We are probably getting mixed up with FAs.  Especially those that worked with salesforces. Such as a bank.  Indeed, you seem to have it back to front.  The salesforces of the banks and insurers were the ones with poor reputations, sales targets, pressure etc.

That said, even if you had gone with a salesforce/wealth manager, they wouldn't have made the mistakes you did with your selection. 

Best place to find a IFA please. 

And yes, I know, thanks for the reminder.. 

k6chris

adindas said:

6022tivo said:

redpete said:

One of these is down to 0 today!

Are you sure? That would be something catastrophic, like the fund manager going bust with no protection of investors' money.

Evraz.....

Something to do with Abramovich owning 29% etc etc... 
Far too much Russian Involvement 

the 0 may be because it was suspended when I looked.. 

 EVRAS,  I have this stock.  stock is not going to zero. Trading is just being suspended. Have not tried it but I think you could still sell it, but not adding it.

I have a few shares in this in my 'dabble' account with iWeb.  Unable to sell online.

dunstonh

Best place to find a IFA please. 

That's a tough one as most of the sites online listing adviser firms are lead generation sites.  Most IFAs don't sign up for those sites.  Google is pretty good as many local firms appear on there, including ones that do not pay to advertise.

[Deleted User]

6022tivo said:

dunstonh said:

If I go for the local IFA @dunstonh route, I just google the local area, or is there a IFA rating and review type site/list. 
I always worry about them being carless or just sales/commission focussed, but I hear that comment a lot on here. I know they are not charity.. 

There is no rating site.

IFAs do not receive commission and most are small localised firms with 1-5 advisers.  So, not a salesforce.   You pay the adviser fee.  No-one else.  The adviser works for you.   We are probably getting mixed up with FAs.  Especially those that worked with salesforces. Such as a bank.  Indeed, you seem to have it back to front.  The salesforces of the banks and insurers were the ones with poor reputations, sales targets, pressure etc.

That said, even if you had gone with a salesforce/wealth manager, they wouldn't have made the mistakes you did with your selection. 

Best place to find a IFA please. 

Hi,

have a look at  MSE advice.

pip895

You don’t seem to have answered the question about how much money you have actually invested - what percentage is it of your total investable assets. For a start If the amount is under 100k then IFAs are unlikely to be very interested.

Apart from possibly Evraz.. the rest aren’t really bad investments..  high risk certainly but not ridiculously so if you have that balancing amount in cash.  Stating the obvious - you will only have lost money if you chose to sell at a loss.  It may may make more sense to invest additional funds rather than sell up.

bostonerimus

My advice would be for you to understand your risk tolerance and the risk of your portfolio. You have bought some very risky funds and now have to deal with the volatility of current markets. I would advise you use a single Vanguard life strategy fund and forget all the other esoteric stuff. I won't offer any opinion as to when to sell funds as I've always tried to avoid the dilemma of selling into a falling market other than to do some rebalancing rather than drastically changing my allocations. You now have decide whether to try to cut your losses by selling or hold on. This problem has been caused by you owning a portfolio that is not matched to your risk tolerance.

VWPolecat

I tend to get same day service when buying shares . Buy at 10 in the morning and collapsed to zero by 3pm . Roulette has worked better for me.