Leave it or move it?

Grandst2

The UK stockmarket is dead so it isn't an option anymore, the US stockmarket is extremely expensive so cash at 5% is a no brainer. 

cloud_dog

Singlespeeder said:

It's not clear quite the return is on the 
Royal London Short Term Money Market Fund Y Acc Key Statistics | GB00B8XYYQ86 | Fidelity
Is it significantly more than 3.55%?
I apologise for not having a great understanding of the whole investments arena, it's an incredibly complex subject.

SONIA is currently yielding c. 5.18%, so you would expect the fund (ignoring platform costs) to be yielding just over 5%.

https://www.bankofengland.co.uk/boeapps/database/fromshowcolumns.asp?Travel=NIxAZxSUx&FromSeries=1&ToSeries=50&DAT=RNG&FD=1&FM=Jan&FY=2022&TD=31&TM=Dec&TY=2023&FNY=Y&CSVF=TT&html.x=66&html.y=26&SeriesCodes=IUDSOIA&UsingCodes=Y&Filter=N&title=IUDSOIA&VPD=Y

GeoffTF

Between ex-dividend dates, the return of the RL fund will be given by the slope of its price curve. Nonetheless, if you are using a Fidelity SIPP,  you will have to pay a swinging 0.35% platform fee on open ended funds:

https://www.fidelity.co.uk/services/sipp/fees-and-charges/

That fee is capped a £90 for Exchange Traded Funds such as CSH2, which may be a better choice for you.

Albermarle

Grandst2 said:

The UK stockmarket is dead so it isn't an option anymore, the US stockmarket is extremely expensive so cash at 5% is a no brainer. 

You are of course entitled to your own opinion but just to say not everybody would agree with you, as investments have historically outperformed cash over most periods.
Probably a more nuanced approach is to increase cash holdings at the moment, but do not overdo it.

artyboy

Singlespeeder said:

It's not clear quite the return is on the 
Royal London Short Term Money Market Fund Y Acc Key Statistics | GB00B8XYYQ86 | Fidelity
Is it significantly more than 3.55%?
I apologise for not having a great understanding of the whole investments arena, it's an incredibly complex subject.

Although others have clarified that it's paying in the region of 5%, it's still a very fair question.

That's because when you look at the figures for money market funds, they will typically look lower than that right now - as is typical with fund performance data, they tend to focus on 1+ year performance periods, and of course, base rates haven't been at 5.25% for that long. So the fund's performance is averaged out, rather than showing you a "point in time" view of what it would pay you if you invested today...

Prism

Grandst2 said:

The UK stockmarket is dead so it isn't an option anymore, the US stockmarket is extremely expensive so cash at 5% is a no brainer. 

You know that the UK stock market has a better performance than the US over the last 3 years? Its also still very cheap.

Aberdeenangarse

Prism said:

Grandst2 said:

The UK stockmarket is dead so it isn't an option anymore, the US stockmarket is extremely expensive so cash at 5% is a no brainer. 

You know that the UK stock market has a better performance than the US over the last 3 years? It’s also still very cheap.

True, but it could be about to get a lot cheaper, who knows? I’m finding it difficult  to find value in any markets at the moment.