Moving Nutmeg/JP Morgan ISAs - Robo-Investing or Cash ISAs?

PSilver

I think the time has finally come for me to move my Nutmeg ISAs to another platform. The robo-investing has been fine but I'm told that the fees are too high.

I already have stocks and shares ISAs with a couple of other providers such as Trading 212 and was thinking about transferring them over but "eggs in one basket", moving from an actively managed fund to a globally diversified ETF - quite the bold move in the current climate.

As I'm retired, I'm now considering moving them to cash ISAs - and opening this year's ISA but rates are currently on the climb so a fixed-rate one might not be the best idea.

Are there any strong arguments for robo-investing and against cash ISAs at the moment?

Albermarle

Apart from an actively managed robo Nutmeg fund and a Global ETF on T212, there are literally thousands of other investments available.

So the question is should I stay with investments , or move to cash . The 'Robo' bit is largely irrelevant.

Then if you want to stay invested, do you stick with high risk options like global index ETFs, or something a bit less racy, such as medium risk multi asset funds. For example

Multi Asset Funds | Ready-made Portfolios - HSBC UK

Although HSBC funds, you do not have to buy them in an HSBC ISA ( although you can do if you want)- they are widely available on other platforms.

There are also many similar funds from other providers available.

Of course moving to cash is still an option, but without knowing your overall financial position, it is difficult to comment.

dunstonh

I already have stocks and shares ISAs with a couple of other providers such as Trading 212 and was thinking about transferring them over but "eggs in one basket", moving from an actively managed fund to a globally diversified ETF - quite the bold move in the current climate.

Why is that a bold move?

Worried_fool

The question of the fees is really the least significant issue facing you.

What is really important is that you get an investment portfolio that matches your investment objectives and risk tolerance.

Now, we don't know what you hold with Nutmeg: they offer portfolios that are mainly bonds and cash, as well as some that are mainly equities.

Again, we don't know what you hold with Trading212: they offer a vast range of securities, including Bond ETFs (lower risk) as well as equity-based ETFs. They also pay an acceptable rate of interest on cash held within an S and S ISA.

You need to decide what investments you want to hold, and then find the most cost-effective way of holding them.

PSilver

https://forums.moneysavingexpert.com/discussion/comment/81981179#Comment_81981179

First of all, thanks for replying and you're right of course - it's just that I have ISAs, both cash and S&S with T212 and Nutmeg (JPM).

I'm diversified in terms of how my money is distributed - it's a mixture of fixed assets (a couple of large properties owned outright one of which I may either rent out or sell but there's no pressure to do either), pensions (including a couple of SIPPs) which I'm not bothering to take (I'm a good way off the state pension yet), S&S and cash ISAs, savings accounts, etc. with no debts or dependants.

I don't do anything clever with my SIPPs or S&S ISAs - I just use the Vanguard VWRP, VAFTGAG ETFs and Vanguard Target Retirement fund.

I've always seen Nutmeg as a multi-asset fund with a mix of active/passive ETF investing - do you think there's a significant difference?

Thanks.

PSilver

https://forums.moneysavingexpert.com/discussion/comment/81981358#Comment_81981358

I'm not sure that (boldly) buying a global ETF is a good alternative to either a managed service or cash savings at the moment, bearing in mind what's been said about a potential market correction with regards to stock values and worldwide issues.

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81981761#Comment_81981761

Nobody can give any meaningful indication of what might be better for you without any knowledge of your investment objectives, timescales, risk tolerance, etc? You obviously have some exposure to equities at the moment but there's no visibility of relative sizes of pots, what you're trying to achieve, etc…

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81981761#Comment_81981761

Every week for the past 100? years someone has predicted a stock market crash.

dunstonh

https://forums.moneysavingexpert.com/discussion/comment/81981761#Comment_81981761

You do realise that managed services also invest in equities?

PSilver

https://forums.moneysavingexpert.com/discussion/comment/81981898#Comment_81981898

Most recent wasn't just "someone":

https://www.bbc.co.uk/news/articles/c75kp1y43lgo

eskbanker

https://forums.moneysavingexpert.com/discussion/comment/81982754#Comment_81982754

But it was someone who made it clear that she doesn't really have the level of informed insight that might have implied by the amount of coverage her comments received:

We expect there will be an adjustment at some point

[…]

What we are watching for: is how might those prices fall? Will there be a sharp adjustment downwards? And if there is such an adjustment, how will that affect the economy? I'm not saying it will happen today, tomorrow, in 12 months' time. It's ensuring that if it happens the system is resilient

"Breeden said her job was not to predict when and how much the markets fall but to ensure the financial system is ready if it does."