Investengine investment?

flopsy1973

Hi after seeing a link on here opened the above account with £ 100 for a bonus up to another £100. Will only keep this open for the minimum term to keep the bonus and I have invested the money in CSH2. I want the least volatile investment  on the platform to maintain my investment at that level. Have I picked the right investment for this aim  ?

eskbanker

That's pretty low volatility, yes, but the time to ask would really have been before buying rather than afterwards - assuming you did some research, which options did you consider and what was the deciding factor that led you to CSH2?  Having said that, with only £100 invested, the variances between alternatives will be very marginal in absolute terms anyway....

artyboy

Have to say I don't recall a recent offer on Investengine, have you already had this invested for some time now?

MX5huggy

InvestEngine has a fairly permanent refer a friend code which gives you both between £20 and £100 for each referral. 

artyboy

MX5huggy said:

InvestEngine has a fairly permanent refer a friend code which gives you both between £20 and £100 for each referral. 

Yes I've seen that, but the OP was implying it was an MSE specific promotion, which was what got me curious....

flopsy1973

No only recently. What led me to CSH2 was the others seemed to be index trackers so thought this would be as close to deposit account, was there a better option ?

eskbanker

flopsy1973 said:

No only recently. What led me to CSH2 was the others seemed to be index trackers so thought this would be as close to deposit account, was there a better option ?

If it was a choice between CSH2 and (equity) index trackers then it sounds likely that your choice was the least volatile, but, as above, it's not worth sweating about whether it was the absolute best anyway when there's only £100 involved!

masonic

flopsy1973 said:

No only recently. What led me to CSH2 was the others seemed to be index trackers so thought this would be as close to deposit account, was there a better option ?

I don't think you'll find anything lower risk on InvestEngine. But I would not have picked this for an unwrapped account due to the tax reporting complexities (excess reportable income).

flopsy1973

masonic said:

flopsy1973 said:

No only recently. What led me to CSH2 was the others seemed to be index trackers so thought this would be as close to deposit account, was there a better option ?

I don't think you'll find anything lower risk on InvestEngine. But I would not have picked this for an unwrapped account due to the tax reporting complexities (excess reportable income).

I didn't think I would have much liability with £100 ia this going to be a problem as I have to do self assessment this year for first time. Is it easier to sell and buy something else ?

masonic

flopsy1973 said:

masonic said:

flopsy1973 said:

No only recently. What led me to CSH2 was the others seemed to be index trackers so thought this would be as close to deposit account, was there a better option ?

I don't think you'll find anything lower risk on InvestEngine. But I would not have picked this for an unwrapped account due to the tax reporting complexities (excess reportable income).

I didn't think I would have much liability with £100 ia this going to be a problem as I have to do self assessment this year for first time. Is it easier to sell and buy something else ?

The information gathering and calculation burden is the same whether you've invested £100, or £100,000. It is just an extra 15-30 minutes work digging out the relevant information, determining whether any ERI needs to be declared and if so how much. If your investment window doesn't span the fund's accounting year end, then you might be in the clear.

flopsy1973

Would I be better off in another investment then with them ? Where no reporting would be required