Discussion
JulianPH said:
I had never heard of them.
I like the simplicity of what they do, it is a fully managed service at a relatively decent price.
I would be somewhat concerned though that after eight years trading their turnover was only £353,649 last year, giving rise to a loss of £155,155.
However, it is run by Alan and Gina Millar (of Brexit legal challenge fame) and they are not short of a bob or two.
This fact alone my wish you would like to support them or steer clear of them!
Thank you and that was what made me take a look i.e. it seems simple & transparent.I like the simplicity of what they do, it is a fully managed service at a relatively decent price.
I would be somewhat concerned though that after eight years trading their turnover was only £353,649 last year, giving rise to a loss of £155,155.
However, it is run by Alan and Gina Millar (of Brexit legal challenge fame) and they are not short of a bob or two.
This fact alone my wish you would like to support them or steer clear of them!
Is there a layman's explanation of what the benefit (if any) is of that managed service vs. stick a bunch in (you've guessed it) a Vanguard LifeStrategy?
I'm still trying to learn but it seems almost "active passive" for lack of a better term
Let's assume the intention is ISA and plan is to keep for the long term so I'm actively trying to avoid anything where I can tinker as I know I'll f
k myself over 
xeny said:
With Nutmeg I was left thinking that they traded ETFs to give them something to make them appear active - it never really seemed to achieve performance better than a cheaper tracker. I've not looked at SCM, but the model feels similar, albeit without the manic marketing. I note that SCM's blog disparages Nutmeg's economics.
Looks that way, just looks kind of no bullst though of course 0.9%-1% is still more than 0.4%.Their articles on Nutmeg are interesting as when you get beyond the large print with Nutmeg there's quite a bit of cost that isn't so obvious.
Julian thank you, not long winded at all and very useful in that thankfully I found myself thinking "Yes, that's how I understood it to be" on quite a bit of it.
I was reading an old thread on here where I won't name or link but it was along the lines of "I've invested in a pork bellies fund and it's gone down in value, why hasn't the fund manager done something about it?" which highlights your point about sector v risk i.e. that if a fund only covers pork bellies and the global pork bellies market nosedives because pork bellies are incredibly high risk, the fund manager can't go out and and buy low risk beef ribs because whilst it might be financially sensible it's professionally forbidden.
That was a bit of an eye opener around being careful on both sector and risk.
Right now active/passive feels sensible, I guess to use your chef analogy I'd trust a chef more but also I know I have times when I'm very interested in cooking and other times when I just want a McDonald's which may be the most convincing argument for not tinkering and trusting a professional to do something sensible commensurate to my risk level.
Now choosing a risk level is a fun one as everything I fill in says I'm balanced risk but aren't we all until we wake up one day and a real £100k is worth £60k?
I was reading an old thread on here where I won't name or link but it was along the lines of "I've invested in a pork bellies fund and it's gone down in value, why hasn't the fund manager done something about it?" which highlights your point about sector v risk i.e. that if a fund only covers pork bellies and the global pork bellies market nosedives because pork bellies are incredibly high risk, the fund manager can't go out and and buy low risk beef ribs because whilst it might be financially sensible it's professionally forbidden.
That was a bit of an eye opener around being careful on both sector and risk.
Right now active/passive feels sensible, I guess to use your chef analogy I'd trust a chef more but also I know I have times when I'm very interested in cooking and other times when I just want a McDonald's which may be the most convincing argument for not tinkering and trusting a professional to do something sensible commensurate to my risk level.
Now choosing a risk level is a fun one as everything I fill in says I'm balanced risk but aren't we all until we wake up one day and a real £100k is worth £60k?
JulianPH said:
You are 100% correct in your Pork Belly analogy.
Eddie Murphy has a lot to answer for JulianPH said:
you can ask an investment manager to run x% of your money and leave you y% to run yourself, regardless of the wrappers involved.
I think my dilemma is that I don't really want to end up with multiple S&S ISA's to juggle and when you look at managed services like SCM, or Scalable, or Nutmeg or whomever, all your ISA eggs for a year are in that one basket.JulianPH said:
10 years plus - Adventurous/Growth (different names for the same thing, usually) - risk/reward rating 5/7
That's what this is intended for.JulianPH said:
so many people now pick their own investment funds, but have no idea what they should be basing their selection on.
It therefore ends up based on past performance, despite the fact that, by definition, this was an historic event.
That hit home It therefore ends up based on past performance, despite the fact that, by definition, this was an historic event.
I've found myself looking at a selection of funds and thinking "Well that's done well" but if you asked me why I think it should continue to do so I wouldn't be able to tell you.I said on another thread but I put together a simple portfolio with these -
Scottish Mortgage IT PLC
Lindsell Train Global Equity A GBP
Fundsmith Equity I Acc
Baillie Gifford Managed A Acc
Vanguard LifeStrategy 60% Equi A Acc
And the performance looks amazing and can be balanced by shifting the percentage of LifeStrategy held and using a different equity/bond ratio LifeStrategy - but I feel like a bit like the football manager who's changed 9 players and won
Today's plan is to read Investing Demystified and then do something.
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