Hhargreaves Lansdown Vantage Stocks & Shares ISA
Discussion
JulianPH said:
What are the investments in it and are you happy with them?
Invesco High IncomeHmm. Not sure.
Perhaps I am not totally comfortable with the whispers that I hear. Are they involved with Neil Woodford?
A quick google threw this up.
https://www.theguardian.com/business/2019/aug/05/h...
Should I be worried?
The Mad Monk said:
Invesco High Income
Hmm. Not sure.
Perhaps I am not totally comfortable with the whispers that I hear. Are they involved with Neil Woodford?
A quick google threw this up.
https://www.theguardian.com/business/2019/aug/05/h...
Should I be worried?
There is no need to be worried in that whilst Neil used to manage this fund he left Invesco several years ago to set up Woodford and no longer has any connection to it or the running of it.Hmm. Not sure.
Perhaps I am not totally comfortable with the whispers that I hear. Are they involved with Neil Woodford?
A quick google threw this up.
https://www.theguardian.com/business/2019/aug/05/h...
Should I be worried?
However, its performance has been pretty dire recently and this may make you consider an alternative investment approach.
A lot is down to why you chose to invest in it in the first place. If it was because you liked the investment style and you think this could be good for future returns if markets change, then you may want to stick with it.
If you bought it simply because it was a well known fund that at the time had good past performance, then you may want to revisit this approach to fund selection!
You might want to consider a global tracker as this would give you much more diversification and access to other markets.
Vanguard could be a home of choice (their LifeStrategy portfolios are worth looking at, alternatively have a look at the IM sticky at the top of this forum as there is lost of interesting information to be had there.
Both of these options would also reduce your fees considerably.
Cheers
The Mad Monk said:
Should I ..... buy more Premium Bonds.
The answer to that is IMO generally "no".Why do you think PBs are a good idea to hold at all?
- 1.25% describes the mean average return on PBs.
- But the big prizes take so much of the "pot" that the typical person's return is much, much lower than that.
- 95% of people no longer have to pay any tax on their savings, so the tax advantage of PBs has gone.
And then consider other investments which are likely to perform better than 1.5% - and you can still buy that monthly lottery ticket.
It sounds to me as though Julian's suggestion (above) might make good sense.
Yes, keep some cash for a "rainy day fund" but it's no fun watching your money shrink with 1.5% interest relative to 2.5% inflation.
JulianPH said:
There is no need to be worried in that whilst Neil used to manage this fund he left Invesco several years ago to set up Woodford and no longer has any connection to it or the running of it.
However, its performance has been pretty dire recently and this may make you consider an alternative investment approach.
A lot is down to why you chose to invest in it in the first place. If it was because you liked the investment style and you think this could be good for future returns if markets change, then you may want to stick with it.
If you bought it simply because it was a well known fund that at the time had good past performance, then you may want to revisit this approach to fund selection!
You might want to consider a global tracker as this would give you much more diversification and access to other markets.
Vanguard could be a home of choice (their LifeStrategy portfolios are worth looking at, alternatively have a look at the IM sticky at the top of this forum as there is lost of interesting information to be had there.
Both of these options would also reduce your fees considerably.
Cheers
Thank you. You have given me something to think about.However, its performance has been pretty dire recently and this may make you consider an alternative investment approach.
A lot is down to why you chose to invest in it in the first place. If it was because you liked the investment style and you think this could be good for future returns if markets change, then you may want to stick with it.
If you bought it simply because it was a well known fund that at the time had good past performance, then you may want to revisit this approach to fund selection!
You might want to consider a global tracker as this would give you much more diversification and access to other markets.
Vanguard could be a home of choice (their LifeStrategy portfolios are worth looking at, alternatively have a look at the IM sticky at the top of this forum as there is lost of interesting information to be had there.
Both of these options would also reduce your fees considerably.
Cheers
I was curious at what the fund was trying to achieve, performance and costs given that this is an active fund. In short, a total dog:
Fund Key Investor Document
The fund Asset Alloocation and Holdings
Note: we should not assume that US equities will replicate the performance of the last 10 years over the next 10 years.
In short, paying more in annual fees for piss-poor performance. The last 5 years may not be representative, but the 5 year cumulative performance is quite simply appalling - especially when you throw in the annual 0.92% charge:
A total Gemma Collins of a fund.
Addendum: curious to know why the fund did well in 2014/15 compared to subsequent years.
Fund Key Investor Document
The fund Asset Alloocation and Holdings
- Actively managed
- 0.92% annual charge (via HL)
- 80% of UK shares
- Fund may use derivatives
Note: we should not assume that US equities will replicate the performance of the last 10 years over the next 10 years.
In short, paying more in annual fees for piss-poor performance. The last 5 years may not be representative, but the 5 year cumulative performance is quite simply appalling - especially when you throw in the annual 0.92% charge:
A total Gemma Collins of a fund.
Addendum: curious to know why the fund did well in 2014/15 compared to subsequent years.
Edited by putonghua73 on Friday 27th September 14:19
The issue isn't Hargreaves Lansdown, its the fund you're invested in. You can simply sell some or all of the fund which will turn into cash in your ISA wrapper and invest in whatever fund or funds or stocks you want (with a few exemptions) and it will stay in your ISA. If you cash out your ISA you will lose the tax shelter.
Edited by Heres Johnny on Monday 30th September 08:05
The Mad Monk said:
Invesco High Income
I used to be in this fund and had a good run with it for many years, essentially through the Woodford good times. He left during 2014 and, as the graph above shows, the fund had a wobble before getting broadly back on track through to July 2017 (The yellow line on that graph is irrelevant). Then performance, and confidence, started to drift away so I bailed out in May 2018.putonghua73 said:
0.92% annual charge (via HL)
Don't forget you have to add HL's 0.45% annual charge to this, making the total cost 1.37% a year for doing everything yourself. Madness!Edited to add that I wasn't suggesting the OP was being mad, it is madness that HL have a million people paying such fees to do everything themselves!
Edited by JulianPH on Monday 30th September 11:35
JulianPH said:
Don't forget you have to add HL's 0.45% annual charge to this, making the total cost 1.37% a year for doing everything yourself. Madness!
Edited to add that I wasn't suggesting the OP was being mad, it is madness that HL have a million people paying such fees to do everything themselves!
It isn't to HL - happy shareholders!Edited to add that I wasn't suggesting the OP was being mad, it is madness that HL have a million people paying such fees to do everything themselves!
Edited by JulianPH on Monday 30th September 11:35
(& since I'm here - thx to Nik for the conversation earlier this morning, definitely helped clarified a few points for me
)mikeiow said:
JulianPH said:
Don't forget you have to add HL's 0.45% annual charge to this, making the total cost 1.37% a year for doing everything yourself. Madness!
Edited to add that I wasn't suggesting the OP was being mad, it is madness that HL have a million people paying such fees to do everything themselves!
It isn't to HL - happy shareholders!Edited to add that I wasn't suggesting the OP was being mad, it is madness that HL have a million people paying such fees to do everything themselves!
Edited by JulianPH on Monday 30th September 11:35
(& since I'm here - thx to Nik for the conversation earlier this morning, definitely helped clarified a few points for me
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