Nutmeg online investment - opinions?
Discussion
liam1986 said:
A gain of less than 10%.
Forgive me, for giving straight forward answer.
Please enlighten me as to why an investment that has returned 12+% in 12 months isn't something to be happy about.
Why 10%?Forgive me, for giving straight forward answer.
Please enlighten me as to why an investment that has returned 12+% in 12 months isn't something to be happy about.
It's not necessarily a thing to be happy or unhappy about, without the context of what other investments might have achieved for comparable risk over the same period.
wiffmaster said:
I'm with Moneyfarm. Same idea as Nutmeg, but cheaper for anything £10k and has an Android app (which was a big selling point!)
Set it up as a bit of an experiment, as I work in FS and was interested in what the FinTechs offer compared to the big players.
Highest risk portfolio, up 2.05% since end of March when I started (3 year horizon). Historic performance here.
Impressed with the interface and hassle free experience. Concept is spot on - hopefully same can be said for their investment strategy!
Just signed up to MoneyFarm myself. Quidco cashback and no fees below £15k investment made it more appealing. Set it up as a bit of an experiment, as I work in FS and was interested in what the FinTechs offer compared to the big players.
Highest risk portfolio, up 2.05% since end of March when I started (3 year horizon). Historic performance here.
Impressed with the interface and hassle free experience. Concept is spot on - hopefully same can be said for their investment strategy!
Let’s see how it pans out - this thread has been really useful.
ocrx8 said:
Just signed up to MoneyFarm myself. Quidco cashback and no fees below £15k investment made it more appealing.
Let’s see how it pans out - this thread has been really useful.
Be interesting to see how you get on I am considering MoneyFarm as my first investment. Savings are not getting any increase so tempted to put half into this and see what can be doneLet’s see how it pans out - this thread has been really useful.
Im not sure why you wouldnt just get VWRL etf and call it done.
0.25% fees and thats it. 75% cheaper than Moneyfarm and/or Nutmeg etc..
Heck even most Investment trusts are half the cost and are professionally managed for you.
I see zero point in paying "management" fee's over and above fund/etf fees.
0.25% fees and thats it. 75% cheaper than Moneyfarm and/or Nutmeg etc..
Heck even most Investment trusts are half the cost and are professionally managed for you.
I see zero point in paying "management" fee's over and above fund/etf fees.
Ive been with nutmeg (isa) since 07/16 initial "lump sum" paid in... a hefty £350 then £100 for a few months and ramped up to £350 now, its at 5.89% today about £350 better off.
I started it to accumulate an amount worth paying in to something like vanguard world as an isa (I didnt know where at the time so thanks for the heads up, lots of reading to be done first though. I was/am pretty clueless about investing when I put my money into this account, but after reading about the charges etc it seemed pretty safe and if required suddenly I could get my hands on it in a short time frame, maybe with a small loss : ( happy days!
I now have nearly £7000 in there and I am about to pull the last 2x years out, put it in my bank account, reduce my monthly pay in to £50. I will then drip feed it into vanguard world. along with the £300 I was paying into nutmeg then rinse and repeat.
So to ask the knowledgeable people of P.H. does this make sense and is there anything wrong with my plan?
I started it to accumulate an amount worth paying in to something like vanguard world as an isa (I didnt know where at the time so thanks for the heads up, lots of reading to be done first though. I was/am pretty clueless about investing when I put my money into this account, but after reading about the charges etc it seemed pretty safe and if required suddenly I could get my hands on it in a short time frame, maybe with a small loss : ( happy days!
I now have nearly £7000 in there and I am about to pull the last 2x years out, put it in my bank account, reduce my monthly pay in to £50. I will then drip feed it into vanguard world. along with the £300 I was paying into nutmeg then rinse and repeat.
So to ask the knowledgeable people of P.H. does this make sense and is there anything wrong with my plan?
Edited by Sams Dad on Friday 18th May 21:24
Edited by Sams Dad on Friday 18th May 21:48
Several concerns.
If you’ve paid into a Nutmeg ISA this tax year you can’t pay into another S&S ISA, you’ve got to do an ISA transfer.
Drip feeding when the money started out in shares is IMHO missing the point. It’s an approach used when you’ve an uninvested lump to minimise risk . When you’re starting out with it invested, keep it invested.
Finally, if you prefer Vanguard to Nutmeg, why keep Nutmeg at all?
If you’ve paid into a Nutmeg ISA this tax year you can’t pay into another S&S ISA, you’ve got to do an ISA transfer.
Drip feeding when the money started out in shares is IMHO missing the point. It’s an approach used when you’ve an uninvested lump to minimise risk . When you’re starting out with it invested, keep it invested.
Finally, if you prefer Vanguard to Nutmeg, why keep Nutmeg at all?
I was looking at both last week and am leaning towards Vanguard now.
Not sure where best to ask this so... With VG the min monthly investment is £100... Is that ongoing and forever until I sell the fund? I can't see anywhere saying it can stop when £X is invested in total etc.
Thanks
Not sure where best to ask this so... With VG the min monthly investment is £100... Is that ongoing and forever until I sell the fund? I can't see anywhere saying it can stop when £X is invested in total etc.
Thanks
doogle83 said:
I was looking at both last week and am leaning towards Vanguard now.
Not sure where best to ask this so... With VG the min monthly investment is £100... Is that ongoing and forever until I sell the fund? I can't see anywhere saying it can stop when £X is invested in total etc.
Thanks
Normally there may be a minimum holding say 500quid, but outside that stop any time.Not sure where best to ask this so... With VG the min monthly investment is £100... Is that ongoing and forever until I sell the fund? I can't see anywhere saying it can stop when £X is invested in total etc.
Thanks
I'm trying out Nutmeg at the moment as through Money Saving Expert (I think?) you can/could get it fee-free for 9 months. Started with £500, putting in £100 per month and I'm going to review what I think of it when the fee-free period is up. Since it's fee-free, I went for fully managed but I might change this when the fees kick in, if I stick with Nutmeg.
So far the returns seem good, but it's early days yet.
So far the returns seem good, but it's early days yet.
Jimmy Recard said:
I'm trying out Nutmeg at the moment as through Money Saving Expert (I think?) you can/could get it fee-free for 9 months. Started with £500, putting in £100 per month and I'm going to review what I think of it when the fee-free period is up. Since it's fee-free, I went for fully managed but I might change this when the fees kick in, if I stick with Nutmeg.
So far the returns seem good, but it's early days yet.
How has it gone so far? I'm looking at opening a Nutmeg account to replace my Natwest ISA.So far the returns seem good, but it's early days yet.
fiatpower said:
How has it gone so far? I'm looking at opening a Nutmeg account to replace my Natwest ISA.
Not as well as it was going when I made that last post!Since the last few weeks I'm a little down on what I've paid in, but I think that a lot of people probably are. It's a long term project so I'm not too fussed, at least for now
I also chose a high risk profile, so I was prepared for it to be occasionally vulnerable, with the hope that the long term will outweigh that
Edited by Jimmy Recard on Monday 5th November 21:04
fiatpower said:
How has it gone so far? I'm looking at opening a Nutmeg account to replace my Natwest ISA.
Mine has been rather underwhelming. It slipped from about +7% to break-even and currently up about 1%. It all comes down to when you get in and I did consider putting more in when markets dropped but can't be bothered based on the performance to date. fiatpower said:
Jimmy Recard said:
I'm trying out Nutmeg at the moment as through Money Saving Expert (I think?) you can/could get it fee-free for 9 months. Started with £500, putting in £100 per month and I'm going to review what I think of it when the fee-free period is up. Since it's fee-free, I went for fully managed but I might change this when the fees kick in, if I stick with Nutmeg.
So far the returns seem good, but it's early days yet.
How has it gone so far? I'm looking at opening a Nutmeg account to replace my Natwest ISA.So far the returns seem good, but it's early days yet.
Derek Chevalier said:
Why did you choose Nutmeg over something like Vanguard?
I haven't yet. Looking at both vanguard and nutmeg, just this thread is about nutmeg so I was wondering what their experience had been. Why would you go with Vanguard over nutmeg out of interest (assuming you would)?Use this link to a clever, IFISA selection table
https://www.p2p-banking.com/compare-ifisa-offers-p...
https://www.p2p-banking.com/compare-ifisa-offers-p...
Having taken £116m of institutional and venture capital they have now announced they are resorting to crowd funding:
https://www.professionaladviser.com/professional-a...
No one raises institutional city money and then resorts to crowd funding, it happens the other way round.
This tells me that whilst they continue to burn through money loosing millions of pounds a year the original backers have said enough is enough.
https://www.professionaladviser.com/professional-a...
No one raises institutional city money and then resorts to crowd funding, it happens the other way round.
This tells me that whilst they continue to burn through money loosing millions of pounds a year the original backers have said enough is enough.
JulianPH said:
Having taken £116m of institutional and venture capital they have now announced they are resorting to crowd funding:
https://www.professionaladviser.com/professional-a...
No one raises institutional city money and then resorts to crowd funding, it happens the other way round.
This tells me that whilst they continue to burn through money loosing millions of pounds a year the original backers have said enough is enough.
interesting thanks. best of the rest? seems a lot of love for vanguard on here?https://www.professionaladviser.com/professional-a...
No one raises institutional city money and then resorts to crowd funding, it happens the other way round.
This tells me that whilst they continue to burn through money loosing millions of pounds a year the original backers have said enough is enough.
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