Discussion
What do you lot think of this? http://www.investyourway.com/
Edit: hold on, £2500 minimum investment. Not sure I trust them.
Edit: hold on, £2500 minimum investment. Not sure I trust them.
Edited by Hoofy on Wednesday 4th March 13:12
Here he is, I mean was: http://www.pistonheads.com/gassing/profile.asp?mem...
They're FCA registered and £2,500 minimnum seems sensible (base costs, etc.), and being a DFM means they have discretionary rights to change your portfolio in line with their investment approach as and when the like.
My view is that DFMs have a place for some clients, however, you're paying for the privelige. A direct investor (i.e. not through a financial adviser of any other intermediary) can often access actively managed funds, model portfolios, risk-targeted profiles, etc., much cheaper than via a DFM.
It all depends on your expectations on return, attitude to risk, and whether or not you trust the DFM/IFA/Fund Manager/etc.
My view is that DFMs have a place for some clients, however, you're paying for the privelige. A direct investor (i.e. not through a financial adviser of any other intermediary) can often access actively managed funds, model portfolios, risk-targeted profiles, etc., much cheaper than via a DFM.
It all depends on your expectations on return, attitude to risk, and whether or not you trust the DFM/IFA/Fund Manager/etc.
lm1985 said:
Just looked at that brochure. Not one risk warning. I wonder what the FCA will say about that. Not one word about real world costs, suggesting a management fee is one thing, but let's add to that, the dealing, custody etc etc etc etc costs.
No really, it only costs 1%... look...'Every InvestYourWay Fund remains completely configurable throughout its lifetime. In order to achieve this, InvestYourWay uses a bespoke set of Contracts For Difference (CFDs) produced by IG, which do not use leverage, have no funding charges and trade at much smaller sizes (0.01 contract). Unlike Exchange Traded Funds (ETFs), CFDs do not incur any additional management charge, which allows the service to be made available for one flat management fee of 1% (incl. VAT) per annum.'
http://www.marketwatch.com/story/investyourway-ann...
Not my department but the smell of small rodents is strong.
Simpo Two said:
Not my department but the smell of small rodents is strong.
I've had an Investyourway fund for a few weeks now. To start with, all seemed well. However, in the last week, following the collapse in world markets generally, my fund is best described as a train crash. Over 5% loss in a couple of days. The daily statements they send are pretty incomprehensible.David-9fa4l said:
I've had an Investyourway fund for a few weeks now. To start with, all seemed well. However, in the last week, following the collapse in world markets generally, my fund is best described as a train crash. Over 5% loss in a couple of days. The daily statements they send are pretty incomprehensible.
I'm not familiar with the investyourway product (having only seen this thread for the first time 5 min ago), but a 5% loss is in line with the FTSE over the past week. If the world markets are a train crash, and you are along for the ride why would your outcome be any different to the global one?egomeister said:
I'm not familiar with the investyourway product (having only seen this thread for the first time 5 min ago), but a 5% loss is in line with the FTSE over the past week. If the world markets are a train crash, and you are along for the ride why would your outcome be any different to the global one?
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