Investment funds
Discussion
A question to the more financially savvy PH'rs.
Do any of you use a particular type of investment fund as opposed to choosing and managing individual shares themselves? I have invested in shares in the past which hasn't gone particularity well! And in the interests of 'diversifying' my investments it may be something for me to consider. So, could someone give me a quick snapshot of how investment funds actually work and the potential pitfalls.
Thanks.
Do any of you use a particular type of investment fund as opposed to choosing and managing individual shares themselves? I have invested in shares in the past which hasn't gone particularity well! And in the interests of 'diversifying' my investments it may be something for me to consider. So, could someone give me a quick snapshot of how investment funds actually work and the potential pitfalls.
Thanks.
There are lots of ways of going about it, if you want to offload the burden. You can go and see a slimy shyster of a financial adviser (hang on, that's me) if you want a full-on, hands-on service. Or, you can pick funds yourself and then manage them, or you can adopt a halfway house route, using what's known as 'Robo advice'.
Each have their pros and cons. This link (below) is an example of a Robo advice service - declaration, it's one of my businesses - but there are others, such as Money on Toast, Nutmeg etc. If you want to look for an adviser, search 'Unbiased'. Ultimately, it'll depend on how much involvement you want. Good luck. If I can help you decide, (I won't try to sell you 'owt, don't worry) just drop me a line.
www.fiveraday.co.uk.
Each have their pros and cons. This link (below) is an example of a Robo advice service - declaration, it's one of my businesses - but there are others, such as Money on Toast, Nutmeg etc. If you want to look for an adviser, search 'Unbiased'. Ultimately, it'll depend on how much involvement you want. Good luck. If I can help you decide, (I won't try to sell you 'owt, don't worry) just drop me a line.
www.fiveraday.co.uk.
I could go into lots of details but im not an adviser and certainly wouldnt sleep easy at night if you made some choices based on my explanation.
Im currently reading http://www.harriman-house.com/book/view/5009/inves... Well worth £12
Im currently reading http://www.harriman-house.com/book/view/5009/inves... Well worth £12
I always use funds rather than individual shares through hard learning. No-one really knows enough enough about an individual company to predict it's fortunes. Most people thought banks, supermarkets and major car makers looked like the safe end of the investing market.
You can buy trackers - like a footsie 100 tracker for instance - so instead you're forecasting movement in confidence as a whole, and I've found that to be much more successful. The key is getting out at the right time when it's set to fall. Like maybe approaching another greek default threat.
Another way is to buy a managed fund, so that professionals are doing the picking for you. I like the Fidelity ones (moneybuilder, special situations) which have long good track records. You can see their performance at FE Trustnet.
You can buy trackers - like a footsie 100 tracker for instance - so instead you're forecasting movement in confidence as a whole, and I've found that to be much more successful. The key is getting out at the right time when it's set to fall. Like maybe approaching another greek default threat.
Another way is to buy a managed fund, so that professionals are doing the picking for you. I like the Fidelity ones (moneybuilder, special situations) which have long good track records. You can see their performance at FE Trustnet.
Thanks for the response, its a good start for me. I have of course searched on Google but the number of products and choices is bewildering to the layman like me.
I'm now a 'civvy' after working for Her Majesty for many years and this is a new entity to me.
I've been stung in the past, having bought a fair chunk of shares in Centrica a few years ago only to have the price hammered my Mr Milliband when he used the energy issue as a Political football and they haven't recovered since. Also lost out on BP.
So, the prospect of choosing and managing my own fund is a big no-no. I will try and hunt down a decent independent adviser. No doubt there are plenty of Shysters around, thanks Ginge R, and have ordered Smarter Investing by Tim Hale which will hopefully expand my limited knowledge.
In the meantime I would be grateful if you keep the tips coming. Ginge, i may well be in touch in the future.
Ta muchly.
I'm now a 'civvy' after working for Her Majesty for many years and this is a new entity to me.
I've been stung in the past, having bought a fair chunk of shares in Centrica a few years ago only to have the price hammered my Mr Milliband when he used the energy issue as a Political football and they haven't recovered since. Also lost out on BP.
So, the prospect of choosing and managing my own fund is a big no-no. I will try and hunt down a decent independent adviser. No doubt there are plenty of Shysters around, thanks Ginge R, and have ordered Smarter Investing by Tim Hale which will hopefully expand my limited knowledge.
In the meantime I would be grateful if you keep the tips coming. Ginge, i may well be in touch in the future.
Ta muchly.
Muffster said:
the number of products and choices is bewildering to the layman like me.
This is a decent place to start,https://www.fidelity.co.uk/investor/funds/find-fun...
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