Intelligent Money - your investment questions answered

Intelligent Money - your investment questions answered

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CoopsIM

135 posts

9 months

Tuesday 2nd March
quotequote all
JonChalk said:
Julian, Nik or Steve, just thinking a few years ahead; what are Fidelity like for quick and easy transfer of pensions to yourselves? Any bad experiences? Ta.

Just getting prepared wink
Good morning

I have handled a few transfers from Fidelity. The only challenge I have is that at the moment I can only chase them up via email. not by telephone (could be a lockdown change) but other than that it's taking about as long as any of the other providers. I always ensure I keep you up to date, so if I email them to ask for an update, I'll let you know as well. I try to ensure it's as painless for you as possible and myself and the team do all the leg work for you smile

Mr Pointy

7,774 posts

123 months

Tuesday 2nd March
quotequote all
JonChalk said:
Julian, Nik or Steve, just thinking a few years ahead; what are Fidelity like for quick and easy transfer of pensions to yourselves? Any bad experiences? Ta.

Just getting prepared wink
Just be aware that the timeframe for pension transfers is usually weeks & maybe months, don't think it willl take just a few days.

pingu393

4,435 posts

169 months

Tuesday 2nd March
quotequote all
Simpo Two said:
pingu393 said:
Q1. I reckon that I made about 25% in just over a month - not too shabby smile . Is there any way to confirm this?
Hover over the graph at the relevant two points, note the values and do the sums.
Your solution won't work, as PHR is a combination of many different stocks.

I did it by comparing the buy price on my investment date (fortunately, I had only made a single investment). We know from the e-mail that the sale price was 1919. The closing price for WHS on 07/07/2020 is available via Google Sheets.

The following is a formula to calculate the gain/loss ratio of your investment...

=1919/(index(GOOGLEFINANCE("LON:SMWH","price",date(2020,07,07)),2,2)

Just use the date of your investment.

JonChalk

4,451 posts

74 months

Tuesday 2nd March
quotequote all
CoopsIM said:
JonChalk said:
Julian, Nik or Steve, just thinking a few years ahead; what are Fidelity like for quick and easy transfer of pensions to yourselves? Any bad experiences? Ta.

Just getting prepared wink
Good morning

I have handled a few transfers from Fidelity. The only challenge I have is that at the moment I can only chase them up via email. not by telephone (could be a lockdown change) but other than that it's taking about as long as any of the other providers. I always ensure I keep you up to date, so if I email them to ask for an update, I'll let you know as well. I try to ensure it's as painless for you as possible and myself and the team do all the leg work for you smile
Thanks Coops - as long as they're no better or worse than others, that's something I can file away for a little while yet. Cheers.

JonChalk

4,451 posts

74 months

Tuesday 2nd March
quotequote all
Mr Pointy said:
JonChalk said:
Julian, Nik or Steve, just thinking a few years ahead; what are Fidelity like for quick and easy transfer of pensions to yourselves? Any bad experiences? Ta.

Just getting prepared wink
Just be aware that the timeframe for pension transfers is usually weeks & maybe months, don't think it willl take just a few days.
Yes, have experienced a many, many months transfer of other investments in the past - wasn't expecting days, but as long as Fidelity aren't likely to drag it out for a year!

superlightr

10,946 posts

227 months

Tuesday 2nd March
quotequote all
just curious what makes a share price move?

perceived value but what triggers the buy point/share price?

Say Carnival - if I had £1m and bought in at x is £1m enough to cause any flutters in its price?

and or is it counted as a x1 lump buy or a x1m buy

If I had £100m and bought in would that make a flutter of the price?


If lots of people buy then I assume the computers behind the scenes will show this and count them as numbers and combine them with value to give an indication of buy or sell to that fund manager looking.


CoopsIM

135 posts

9 months

Tuesday 2nd March
quotequote all
JonChalk said:
Mr Pointy said:
JonChalk said:
Julian, Nik or Steve, just thinking a few years ahead; what are Fidelity like for quick and easy transfer of pensions to yourselves? Any bad experiences? Ta.

Just getting prepared wink
Just be aware that the timeframe for pension transfers is usually weeks & maybe months, don't think it willl take just a few days.
Yes, have experienced a many, many months transfer of other investments in the past - wasn't expecting days, but as long as Fidelity aren't likely to drag it out for a year!
I think three months is the worse I've seen, but the average is a month at the moment smile

911pleb

304 posts

25 months

Tuesday 2nd March
quotequote all
911pleb said:
Looking good for Meggit today. Are they near their target?
Apparently I spend too much time in low mcap stocks. Usually an RNS stating a multi million deal with a huge company would see a huge rise in my 'not IM' portfolio... Meggit appears to have absorbed it like its nothing.

Thanks for the 600p target. A way to go yet then.

As you were.

B9

254 posts

59 months

Tuesday 2nd March
quotequote all
IM, these Junior SIPP posts reminded me to sort something out for my daughter,

I'd like to setup a 'set and forget' SIPP for my three year old with an initial lump and nothing more.

I can see I can apply for this via my IM dashboard. Am I right in thinking I can add £2000 this month and another £2000 in mid-April, you'll sort the 'top up' bit with HMRC to add the 2x £500s?

I'm considering a 50/50 split between PHE and IM Global Growth, but conscious of recent PHE exposure that it may be too exposed to US market. Is this a relatively balanced approach to Global markets? Would IM 60/80 be a little more spread?

CoopsIM

135 posts

9 months

Tuesday 2nd March
quotequote all
JonChalk said:
Mr Pointy said:
JonChalk said:
Julian, Nik or Steve, just thinking a few years ahead; what are Fidelity like for quick and easy transfer of pensions to yourselves? Any bad experiences? Ta.

Just getting prepared wink
Just be aware that the timeframe for pension transfers is usually weeks & maybe months, don't think it willl take just a few days.
Yes, have experienced a many, many months transfer of other investments in the past - wasn't expecting days, but as long as Fidelity aren't likely to drag it out for a year!
I think three months is the worse I've seen, but the average is a month at the moment smile

pincher

6,420 posts

181 months

Tuesday 2nd March
quotequote all
JonChalk said:
CoopsIM said:
JonChalk said:
Julian, Nik or Steve, just thinking a few years ahead; what are Fidelity like for quick and easy transfer of pensions to yourselves? Any bad experiences? Ta.

Just getting prepared wink
Good morning

I have handled a few transfers from Fidelity. The only challenge I have is that at the moment I can only chase them up via email. not by telephone (could be a lockdown change) but other than that it's taking about as long as any of the other providers. I always ensure I keep you up to date, so if I email them to ask for an update, I'll let you know as well. I try to ensure it's as painless for you as possible and myself and the team do all the leg work for you smile
Thanks Coops - as long as they're no better or worse than others, that's something I can file away for a little while yet. Cheers.
Please don’t take your pension away - you could be doing a lowly IT contractor out of a six month extension frown

Mr Whippy

23,578 posts

205 months

Tuesday 2nd March
quotequote all
Simpo Two said:
Mr Whippy said:
I think I’m going to wait for the broad markets to dip a bit again though... I think there is some more bad news to come through to open a superior buying opportunity hehe
The slight gotcha with that is that by the time your excellently-timed cash gets invested, you may have missed a rise. I would be much better off if my excellently-timed cash hadn't taken five days to be invested over Christmas. Whilst PHR is made of shares, you can't trade it - you don't know what you're buying at.
Oh indeed. I'm not trying to "trade"

I think we'll have one more round of "oh noes, new variant, lockdown might have to go on longer, holidays and foreign travel even more unlikely" bad news squishing markets before we're done.
Buying in then, and then riding to the "oh it's all ok, the vaccine works on this new variant, lockdown lifting plan all ok" to PHR being fully dissolved.

We're all using PHR as a speculative investment, so I'm speculating on the buy in point with cash ready to go... rather than worrying about cash sitting doing nothing, it's an opportunity to buy at an opportune time.

pingu393

4,435 posts

169 months

Tuesday 2nd March
quotequote all
Mr Whippy said:
Simpo Two said:
Mr Whippy said:
I think I’m going to wait for the broad markets to dip a bit again though... I think there is some more bad news to come through to open a superior buying opportunity hehe
The slight gotcha with that is that by the time your excellently-timed cash gets invested, you may have missed a rise. I would be much better off if my excellently-timed cash hadn't taken five days to be invested over Christmas. Whilst PHR is made of shares, you can't trade it - you don't know what you're buying at.
Oh indeed. I'm not trying to "trade"

I think we'll have one more round of "oh noes, new variant, lockdown might have to go on longer, holidays and foreign travel even more unlikely" bad news squishing markets before we're done.
Buying in then, and then riding to the "oh it's all ok, the vaccine works on this new variant, lockdown lifting plan all ok" to PHR being fully dissolved.

We're all using PHR as a speculative investment, so I'm speculating on the buy in point with cash ready to go... rather than worrying about cash sitting doing nothing, it's an opportunity to buy at an opportune time.
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.

If you hold a reasonable slush fund in PHR, you can see how it's performing and pick your moment.

Simpo Two

74,913 posts

229 months

Tuesday 2nd March
quotequote all
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.

pingu393

4,435 posts

169 months

Tuesday 2nd March
quotequote all
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.

CAPP0

17,626 posts

167 months

Tuesday 2nd March
quotequote all
911pleb said:
Looking good for Meggit today. Are they near their target?
Still under my buy price as of today grumpy

CAH706

869 posts

128 months

Tuesday 2nd March
quotequote all
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

twinchoke

24 posts

224 months

Wednesday 3rd March
quotequote all
Excellent service again today from IM. Transfer initiated yesterday morning and completed within the day. Thank you.

CoopsIM

135 posts

9 months

Wednesday 3rd March
quotequote all
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 steve.cooper@intelligentmoney.com if you'd like more information.

duckson

784 posts

146 months

Wednesday 3rd March
quotequote all
Investments in the IM Portal haven’t updated for yesterday, just me or a common issue across the board?
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