Who Wants to be a ISA Millionaire

Who Wants to be a ISA Millionaire

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Discussion

Phooey

Original Poster:

12,605 posts

169 months

Saturday 26th May 2018
quotequote all
Mr Pointy said:
Over the last 12 month period on a £250k investment my adviser made just as much as I did...
And he'll still coin in X%££ when the market drops 25%. I'm in the wrong job biggrin

JulianPH

9,917 posts

114 months

Saturday 26th May 2018
quotequote all
I have started another thread on this topic for anyone interested (What do financial advisers do for their annual fees).

PurpleMoonlight has suggested 'Golf' rofl

Badda

2,670 posts

82 months

Saturday 26th May 2018
quotequote all
JulianPH said:
DoubleSix said:
No, I definitely wouldn’t Julian.

On the basis that you haven’t shown any openess regarding your own experience I shall not be rushing to answer your questions. Adieu.
Why are you acting like this? I have divulged all I do. You refuse to do so.

How stupid do you consider people to be?

It is not a difficult question, after all.
Although the question isn’t difficult, I suspect the answer is. 66 has done himself, or that of his industry, no favours at all here by missing a great opportunity to shine some light on what is actually done for the fee. It completely reaffirms my own beliefs and I’ll continue handling my own finances!

Edited by Badda on Saturday 26th May 14:50

JulianPH

9,917 posts

114 months

Saturday 26th May 2018
quotequote all
Badda said:
JulianPH said:
DoubleSix said:
No, I definitely wouldn’t Julian.

On the basis that you haven’t shown any openess regarding your own experience I shall not be rushing to answer your questions. Adieu.
Why are you acting like this? I have divulged all I do. You refuse to do so.

How stupid do you consider people to be?

It is not a difficult question, after all.
Although the question isn’t difficult, I suspect the answer is. 66 has done himself, or that of his industry, no favours at all here by missing a great opportunity to shine some light on what is actually done for the fee. It completely reaffirms my own beliefs and I’ll continue handling my own finances!
I suspect you are quite correct! He has done a great disservice to other financial advisers by taking the stance he has (tarring them all with the same brush).

What is most shocking is the blatant way he went about doing it... yikes


sungsam

29 posts

78 months

Saturday 26th May 2018
quotequote all
I have an IFA, they do state their charge on all dealings, so I do have a choice. I went with the advisor because thats what most did back in the 80's. To be fair, they explain potential investments so I can understand. I get all the info on upside and downside. I invest for min 5 years. Some for over 20 years with decent dividends.
I must have shelled out quite a bit for their Central London Offices, but whats the answer?

I read Morning Star and Motley Fool among others to try and understand it all, but On one or 2 funds I was advised - by the advisor that Insurance was available. (ARM Holdings ) When they crashed I recouped my Investment.

In my family 2 of us have IFAs and 2 do their own thing. We are all about par, the 2 who play their own game are only in blue chip.

JulianPH

9,917 posts

114 months

Saturday 26th May 2018
quotequote all
sungsam said:
I have an IFA, they do state their charge on all dealings, so I do have a choice. I went with the advisor because thats what most did back in the 80's. To be fair, they explain potential investments so I can understand. I get all the info on upside and downside. I invest for min 5 years. Some for over 20 years with decent dividends.
I must have shelled out quite a bit for their Central London Offices, but whats the answer?

I read Morning Star and Motley Fool among others to try and understand it all, but On one or 2 funds I was advised - by the advisor that Insurance was available. (ARM Holdings ) When they crashed I recouped my Investment.

In my family 2 of us have IFAs and 2 do their own thing. We are all about par, the 2 who play their own game are only in blue chip.
You have done the right thing and your adviser has obviously added value by recommending the insurance (though why they recommended an investment that subsequently needed insuring against is another matter!).

I was not trying to stir up a storm, just asking a basic question.


sungsam

29 posts

78 months

Saturday 26th May 2018
quotequote all
JulianPH said:
You have done the right thing and your adviser has obviously added value by recommending the insurance (though why they recommended an investment that subsequently needed insuring against is another matter!).

I was not trying to stir up a storm, just asking a basic question.

I didn't mean my reply to come across in the negative, just my view. I'm always interested to hear the whys and why nots.

JulianPH

9,917 posts

114 months

Saturday 26th May 2018
quotequote all
sungsam said:
JulianPH said:
You have done the right thing and your adviser has obviously added value by recommending the insurance (though why they recommended an investment that subsequently needed insuring against is another matter!).

I was not trying to stir up a storm, just asking a basic question.

I didn't mean my reply to come across in the negative, just my view. I'm always interested to hear the whys and why nots.
You didn't!

Everyone will have their own experience, yours seems pretty good!

Justin Case

2,195 posts

134 months

Friday 1st June 2018
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Yet another clickbait article frown Only 2.5 % of the working population earn more than £100k per year, and no doubt many of them are living in London with its high housing costs, so where are all these potential millionaires with £20,000 a year to invest for 20 years comimg from. As with all of these articles, the simplest analysis shows them up for the nonsense they are.

Simpo Two

85,463 posts

265 months

Saturday 2nd June 2018
quotequote all
Mr Pointy said:
Over the last 12 month period on a £250k investment my adviser made just as much as I did...
Ah yes but he did 'monitor' it for that 50% fee... sure, he didn't DO anything, but he, er, monitored it.

Here is a monitor: