Financial advisors for index tracker funds
Discussion
Hi, I would like to create an index tracker investment portfolio. But as I'm a newb to this I would like a professional to help me get set up. Can someone advise me where to find an advisor? Sure I could just google 'financial advisor', but heck I have no idea if they would be any good or rip me off.
Thanks
Thanks
cqueen said:
Hi, I would like to create an index tracker investment portfolio. But as I'm a newb to this I would like a professional to help me get set up. Can someone advise me where to find an advisor? Sure I could just google 'financial advisor', but heck I have no idea if they would be any good or rip me off.
Thanks
Why do you need a financial advisor if you just want index trackers?Thanks
sidicks said:
Why do you need a financial advisor if you just want index trackers?
I agree. I use mostly use https://www.trustnet.com for research and then buy trackers and funds through https://www.charles-stanley-direct.co.ukI am fairly certain that I am getting a better ROI doing it myself than going through an IFA.
cqueen said:
Hi, I would like to create an index tracker investment portfolio. But as I'm a newb to this I would like a professional to help me get set up. Can someone advise me where to find an advisor? Sure I could just google 'financial advisor', but heck I have no idea if they would be any good or rip me off.
Thanks
Vanguard. You won't get cheaper or better if that is all you want.Thanks
from personal experience I'd recommend reading Millionaire Teacher by Andrew Hallam - its on Amazon.
I'm not advocating this is best for you, but the approach I've taken is the following;
VUKE - tracks FTSE 100 - gives me exposure to UK market (yes I know many of the FTSE 100 generate income outside of UK and we're benefitting from weaker pound when they report earnings)
VWRD - approx largest 3000 companies globally, giving you lots of exposure to different markets - 52% is US.
IGLS - UK Government bonds
I re-balance once per year to my original % allocation, ie I sell what is high and buy what is low to get back to my original allocation.
Simple, cost effective and in theory over the long term 15 years+ should provide me with a decent return.
You're on the right the track to look at indexes, tax and on-going fees are two huge anchors on total performance when you factor in the compounding effect. Indexes help reduce your costs, Pensions/SIPP/ISA can help with tax.
Good luck.
I'm not advocating this is best for you, but the approach I've taken is the following;
VUKE - tracks FTSE 100 - gives me exposure to UK market (yes I know many of the FTSE 100 generate income outside of UK and we're benefitting from weaker pound when they report earnings)
VWRD - approx largest 3000 companies globally, giving you lots of exposure to different markets - 52% is US.
IGLS - UK Government bonds
I re-balance once per year to my original % allocation, ie I sell what is high and buy what is low to get back to my original allocation.
Simple, cost effective and in theory over the long term 15 years+ should provide me with a decent return.
You're on the right the track to look at indexes, tax and on-going fees are two huge anchors on total performance when you factor in the compounding effect. Indexes help reduce your costs, Pensions/SIPP/ISA can help with tax.
Good luck.
cqueen said:
Thanks, I'm still struggling though. I looked through that trustnet website but I have no clue what I'm looking at. I need someone to explain to me exactly how to research and make a good choice.
Where in the country are you and approx what amount are you looking to invest?cqueen said:
On vanguard here there is a list of all the index funds. My assumption at this point is that I should split my cash into maybe 5(?) different funds, some low risk, some high? then just hold out for 20+ years
If you have a 20-year investment horizon, you can afford to take more risk.Gassing Station | Finance | Top of Page | What's New | My Stuff