Investing in Global Trackers and other similar investments

Nebulous2

305_15 said:

DoneWorking said:

Apologies for not being more communicative

As I've said previously you know nothing about my personal circumstances.
Yet a few of you seem to think it's ok to make very personal comments related to my anxiety 

This is unhelpful and upsets me

Obviously I'd prefer the comments to be positive and informative
Thanks to all of you who have tried to help me.

Maybe you need to ask yourself "is investing for me?" IMO it's something you shouldn't be even contemplating given your seemingly incapacity to cope with anything stressful.A preference to positive and informative comments would be seen as economical with the truth.
Let's face it, you've made many posts in various threads on the Forum, received hundreds of posts in return and still haven't left base.

Remember health is far more important than wealth.
Put everything into the best available savings, forget about investing and enjoy life.

I've some experience of people who suffer with anxiety, and unfortunately it often doesn't work like that. The rate of inflation seems to be causing anxiety for the OP, as he is concerned about it eroding his savings.

He appears to be in a bind where doing nothing is creating anxiety, but the risks associated with investing are also anxiety-provoking. 

The best answer may lie in help with his anxiety, rather than being caught transfixed between a rock and a hard place. 

OP - the personal circumstances we know nothing about appear to be closely interlinked with the financial advice you are looking for. It may be that you should look for other help than financial. 

DoneWorking

Over the last few weeks I have tried to obtain guidance on how to protect my cash funds from inflation

All of the options create some kind of anxiety

Basic Cash Savings Options

None of these will come close to keeping up with inflation leading to erosion of savings

DIY Options

Possibly better results than basic Cash savings but I have concerns over my current lack of knowledge and experience leading to fear of choosing the wrong fund.

FIA Options

Concerns over ability of IFA to meet projected returns and funds depleting due to costs and volatility

Maybe as has been suggested I am just not suited to this situation and I need to seek alternative help

The problem however remains

305_15

Nebulous2 said:

305_15 said:

DoneWorking said:

Apologies for not being more communicative

As I've said previously you know nothing about my personal circumstances.
Yet a few of you seem to think it's ok to make very personal comments related to my anxiety 

This is unhelpful and upsets me

Obviously I'd prefer the comments to be positive and informative
Thanks to all of you who have tried to help me.

Maybe you need to ask yourself "is investing for me?" IMO it's something you shouldn't be even contemplating given your seemingly incapacity to cope with anything stressful.A preference to positive and informative comments would be seen as economical with the truth.
Let's face it, you've made many posts in various threads on the Forum, received hundreds of posts in return and still haven't left base.

Remember health is far more important than wealth.
Put everything into the best available savings, forget about investing and enjoy life.

I've some experience of people who suffer with anxiety, and unfortunately it often doesn't work like that. The rate of inflation seems to be causing anxiety for the OP, as he is concerned about it eroding his savings.

He appears to be in a bind where doing nothing is creating anxiety, but the risks associated with investing are also anxiety-provoking. 

The best answer may lie in help with his anxiety, rather than being caught transfixed between a rock and a hard place. 

OP - the personal circumstances we know nothing about appear to be closely interlinked with the financial advice you are looking for. It may be that you should look for other help than financial. 

I dare say the rate of inflation is causing anxiety with thousands if not millions of us, the OP isn't unique from that point of view and I'd be gobsmacked if he hasn't sought advice about anxiety from healthcare professionals insofar.

I think that all relevant investing aspects applicable to the OP's questions and preferences have been covered on topic again and again and we've reached the end of the road.

DoneWorking

I'm currently looking over the  comments and advice which I have received

On a gut feeling it seems ,after taking everything into account , that the best decision for me , and more importantly my family, would be to go with the IFA option

masonic

DoneWorking said:

I'm currently looking over the  comments and advice which I have received

On a gut feeling it seems ,after taking everything into account , that the best decision for me , and more importantly my family, would be to go with the IFA option

I think this is a very sensible course of action for someone in your situation.

DoneWorking

masonic said:

DoneWorking said:

I'm currently looking over the  comments and advice which I have received

On a gut feeling it seems ,after taking everything into account , that the best decision for me , and more importantly my family, would be to go with the IFA option

I think this is a very sensible course of action for someone in your situation.

Thanks Masonic

older_and_no_wiser

DoneWorking said:

I'm currently looking over the  comments and advice which I have received

On a gut feeling it seems ,after taking everything into account , that the best decision for me , and more importantly my family, would be to go with the IFA option

I wish you all the best. I'm sure that's the best approach. History tells us that investing will always return a profit if one is prepared to ride out the difficult times. With the right advice and support, I'm sure you'll be fine and can enjoy life to the full. 

DoneWorking

Update
The IFA is happy to work with half my cash on an ESG Portfolio using more than one fund

I would use the other half for various savings accounts giving reasonable returns

His fees for the  following would be based on half my cash

Initial Guidance 1%
PA Ongoing Fee Plus Platform and Fund Fee 1.2%

Under this option I save money on fees

I get to chose my savings accounts

IFA Provides Advice

IFA oversees investments and deals with tax ,inheritance tax , adjustments to ESG Funds going forwards

And generally gives me peace of mind ( I am aware of volatility issues and accept that all options contain stress)

As time progresses and depending on results I have the opportunity to increase my investments

In the meantime I also have time to learn more and acquire knowledge

Thanks for all of the support

It's been very much appreciated

older_and_no_wiser

You could ask another IFA. That percentage seems quite high. The 2 IFAs I spoke to about a year ago were quoting an ongoing 0.65%. You could possibly haggle about this if you feel confident doing that.

Notepad_Phil

older_and_no_wiser said:

You could ask another IFA. That percentage seems quite high. The 2 IFAs I spoke to about a year ago were quoting an ongoing 0.65%. You could possibly haggle about this if you feel confident doing that.

And did that 0.65% include platform and fund charges too as per DoneWorking's IFA?

I don't use an IFA myself, but DoneWorking's 1.2% all-in charge didn't sound too bad.