Intelligent Money - your investment questions answered

[duckson]

Investments in the IM Portal haven’t updated for yesterday, just me or a common issue across the board?

[PaulWoof]

yeah seems the same for me, jumps from 28/02 to 03/03

[i4got]

PaulWoof said:

yeah seems the same for me, jumps from 28/02 to 03/03

My ISA account seems to have updated but not the SIPP. The last date on the graph for the SIPP is 01 March.

[CoopsIM]

Hi people

I'll email the back office team and see what I can find out about the updates, then i'll post back on here.

KR

Coops

[CAH706]

CoopsIM said:

CAH706 said:

Hi

I’m looking to open a Junior Isa for my son.

He currently has a child trust fund which I understand has to be closed and transferred to enable the account to be opened

Couple of questions

1) do you open junior ISAs in the above circumstance - I don’t think all places do

2) if you do, what is the process for getting the CTF closed and the transfer sorted

Regards

Good morning

Yes we can open a Junior ISA in these circumstances and then transfer the CTF into it. Feel free to email me on [e-mail] if you'd like more information.

Thank you. I’ve dropped you a mail.

[CoopsIM]

Our IT bods have given the server a shake and it's fixed now. Have another look but if there are any issues, just let me know.

Coops

[duckson]

CoopsIM said:

Our IT bods have given the server a shake and it's fixed now. Have another look but if there are any issues, just let me know.

Coops

Cheers, yep sorted for me.

[CoopsIM]

duckson said:

CoopsIM said:

Our IT bods have given the server a shake and it's fixed now. Have another look but if there are any issues, just let me know.

Coops

Cheers, yep sorted for me.

Excellent!

[JulianPH]

CoopsIM said:

Good morning

Yes we can open a Junior ISA in these circumstances and then transfer the CTF into it. Feel free to email me on [e-mail] if you'd like more information.

As Coops has said, we do this quite often, but you need to have completed the transfer (which we do for you) and close the CTF (as you can't hold both at the same time.

Coops will walk you through it.

Cheers

Julian

[JulianPH]

twinchoke said:

Excellent service again today from IM. Transfer initiated yesterday morning and completed within the day. Thank you.

Thank you for your kind feedback.

[Voxy]

JulianPH said:

Testaburger said:

Hi Julian,

Having glossed over the IM website (in particular the timeline), I see that in recent years you appear to have set up an international client service.

I couldn’t find more on that - but wondering if you provide the same management services for non-UK residents (obviously outside SIPP/ISA wrappers..

If so, I’d be keen to have a chat. One day, you may even get to buy me that cheese soufflé!

Hello mate

It is still in ongoing development but we hope to be live in first quarter of the new tax year.

The infrastructure is all in place but it is the regulatory aspect that is fiendishly complex and long winded.

As you have probably experienced much of the offshore ex-pat offerings are basically at the same point financial services in the UK was in the 80s. Allocation rates, commissions, no disclosure, etc.

The original demand stemmed from Dubai but as we started development this quickly spread to other territories (including Hong Kong) and there is a strong demand for a clean and transparent gross roll up investment solution, so despite the time it is taking we are pushing hard to launch ASAP.

I'll let you know when we go live and will happily buy you that cheese soufflé and venison dinner!

Edited to add...

Yes, it will be exactly the same management service with identical portfolios, just structured off-shore for international clients seeking gross roll-up outside of any tax wrappers.

Edited by JulianPH on Sunday 20th January 12:09

Hi Julian,

Tried your website to find details of your service for expats but couldn’t find anything specific. Interested to learn more about what you are able to offer.

Thanks,

Voxy

[Mr Whippy]

pingu393 said:

Simpo Two said:

pingu393 said:

It takes <24 hours to go from Cash to PHR.

You can pick your day, but not your minute. Worse case scenario, you will be buying at tomorrow's price.

Or two working days if the cash is outside IM.

This is why I invest via IM Cash. I can pick my investment day.

Yes it’s already in IM.

Not too fussed on a few percent here and there, the goal is to get I’m on a broad low which I think is coming... feels like too much good news recently.

[JulianPH]

Voxy said:

Hi Julian,

Tried your website to find details of your service for expats but couldn’t find anything specific. Interested to learn more about what you are able to offer.

Thanks,

Voxy

Hi Voxy

We are having anti-money laundering issues with our Custodians for non-UK residents. We are getting this sorted and if you would like to send Nik and email ([e-mail]) he will keep you updated.

It is difficult when the only outstanding aspect falls outside of our hands, so I am sorry about this.

Cheers

Julian

[pingu393]

Mr Whippy said:

pingu393 said:

Simpo Two said:

pingu393 said:

It takes <24 hours to go from Cash to PHR.

You can pick your day, but not your minute. Worse case scenario, you will be buying at tomorrow's price.

Or two working days if the cash is outside IM.

This is why I invest via IM Cash. I can pick my investment day.

Yes it’s already in IM.

Not too fussed on a few percent here and there, the goal is to get I’m on a broad low which I think is coming... feels like too much good news recently.

If it's in IM Cash, you can use "Manage" to move it to PHR, and it will be there within 24 hours.

If it is in one of IM's funds, it may take a few weeks to move across to "Cash", and then another day to move it to PHR. It's taking around a fortnight to cash-out at the moment - I know this, as I am in the process of swapping funds. I'm swapping via "Cash" as a lot can happen in a fortnight, and although it may seem a good idea to move into PHR on the 1st of the month, it might not look as good come the 14th. If I swapped directly into PHR, the "buy-in" date is out of my control.

I'm gambling on PHR rising between now and May / June. From what I've seen, it tends to bounce along at the same level, jump a level, then bounce along at the new level. It seems to be on the rise to a new level.

I'd be interested to hear why you think PHR will drop enough to delay investment.

[Ian Lancs]

Given the size of this thread, it's highly likely it's already here. But...

Is there an idiots guide to starting an ISA and the various options for using IM? (Numptie question!)

[i4got]

Looking like another pretty good PHR day - nice to see vindicated the decision to immediately re-invest the WH Smith proceeds.

[Insurancejon]

CoopsIM said:

I think three months is the worse I've seen, but the average is a month at the moment

was that my lads Halifax isa lol?

[Intelligent Money]

Ian Lancs said:

Given the size of this thread, it's highly likely it's already here. But...

Is there an idiots guide to starting an ISA and the various options for using IM? (Numptie question!)

HI Ian,

Drop me a message at [e-mail] and I'll be happy to help.

Cheers

Nik

[Burwood]

here is what a fund manager did with it's Norwegian holding in 2020. It sold somewhere in Q4 $17-$21 range and issued a release which read. Any proof that some Fund Managers are a bunch of idiots. And before anyone says hindsight. Well it was pretty obvious the industry was going to correct to the good. They dumped it just as the vaccine was announced. Edited-on checking SEC filings they booked a (71%) 'loss' which assumes their avg cost was around $60.

Edited by Burwood on Wednesday 3rd March 18:16

[duckson]

Burwood said:

here is what a fund manager did with it's Norwegian holding in 2020. It sold somewhere in Q4 $17-$21 range and issued a release which read. Any proof that some Fund Managers are a bunch of idiots. And before anyone says hindsight. Well it was pretty obvious the industry was going to correct to the good. They dumped it just as the vaccine was announced. Edited-on checking SEC filings they booked a (71%) 'loss' which assumes their avg cost was around $60.

Edited by Burwood on Wednesday 3rd March 18:16

We are sat on a 100% or just over return based on a 6th July purchase date. Obviously doesn’t include the £/$ effect which likely means it’s not quite at that % in reality....anyone got an approx % we are at with it based on 6th July?