Hargreaves Lansdown - any better alternatives

[Derek Chevalier]

gazza5 said:

Losses
Vanguard FTSE Global All Cap -0.06%

This fund was launched in Nov 2016, so I'm not sure where you are getting your numbers from

gazza5 said:

I don't have much exposure to Small caps for example

Vanguard FTSE Global All Cap contains small cap

gazza5 said:

no exposure to metals in terms of gold etc which I think I should have some exposure to

Why?

gazza5 said:

Also not enough exposure to Emerging markets

Vanguard FTSE Global All Cap contains EM exposure. Why do you need a tilt towards EM?

[xeny]

gazza5 said:

I'm going to go against the grain here - I use hargreaves lansdown.

I find the website easy to use, the app is quite good. I have not used any of the other providers so i can't really comment on them.
,

I'm definitely with the grain - I aim to trade twice a year, so my total annual fees are £10, and wouldn't consider an app - why do I want access to large quantities of equities from a device I carry round with me - if I lose it, I'm potentially putting considerable capital at risk.

[Derek Chevalier]

xeny said:

and wouldn't consider an app - why do I want access to large quantities of equities from a device I carry round with me - if I lose it, I'm potentially putting considerable capital at risk.

In addition 24/7 access may give you the temptation to meddle. Is there a reason to look at a portfolio more than once a year (for rebalancing?)

[gazza5]

Derek Chevalier said:

gazza5 said:

Losses
Vanguard FTSE Global All Cap -0.06%

This fund was launched in Nov 2016, so I'm not sure where you are getting your numbers from

gazza5 said:

I don't have much exposure to Small caps for example

Vanguard FTSE Global All Cap contains small cap

gazza5 said:

no exposure to metals in terms of gold etc which I think I should have some exposure to

Why?

gazza5 said:

Also not enough exposure to Emerging markets

Vanguard FTSE Global All Cap contains EM exposure. Why do you need a tilt towards EM?

Vanguard FTSE Global All Cap I started investing in May 18, hence the loss (actually more today at 1.365% loss).

Small Caps are often seen as risky, I have time on my side at 35, hence why I think I should have a bit more exposure to Small Caps.

Again same as small caps, Emerging markets I see as going higher compared to say FTSE etc. Again this is just my thoughts.

In terms of gold - or metals side, for me personally, I think I should have a bit of exposure to this, although not really sure how to do it yet.

[Derek Chevalier]

gazza5 said:

Derek Chevalier said:

gazza5 said:

Losses
Vanguard FTSE Global All Cap -0.06%

This fund was launched in Nov 2016, so I'm not sure where you are getting your numbers from

gazza5 said:

I don't have much exposure to Small caps for example

Vanguard FTSE Global All Cap contains small cap

gazza5 said:

no exposure to metals in terms of gold etc which I think I should have some exposure to

Why?

gazza5 said:

Also not enough exposure to Emerging markets

Vanguard FTSE Global All Cap contains EM exposure. Why do you need a tilt towards EM?

Vanguard FTSE Global All Cap I started investing in May 18, hence the loss (actually more today at 1.365% loss).

Small Caps are often seen as risky, I have time on my side at 35, hence why I think I should have a bit more exposure to Small Caps.

Again same as small caps, Emerging markets I see as going higher compared to say FTSE etc. Again this is just my thoughts.

In terms of gold - or metals side, for me personally, I think I should have a bit of exposure to this, although not really sure how to do it yet.

A portfolio containing small cap may well give better returns than an untilted global equivalent, both in absolute terms and also risk adjusted (last one more debatable). The more important question is which of these two types of portfolio will you be more likely to stick with, given that tilts (value, EM, small cap) have the potential to underperform the "market" for long periods of time (see the value's premium's performance over the last decade).

I think it's worth you doing some more research on what metals bring to a portfolio - suggest Tim Hale's book will give you more info on this.

[Derek Chevalier]

Derek Chevalier said:

gazza5 said:

Derek Chevalier said:

gazza5 said:

Losses
Vanguard FTSE Global All Cap -0.06%

This fund was launched in Nov 2016, so I'm not sure where you are getting your numbers from

gazza5 said:

I don't have much exposure to Small caps for example

Vanguard FTSE Global All Cap contains small cap

gazza5 said:

no exposure to metals in terms of gold etc which I think I should have some exposure to

Why?

gazza5 said:

Also not enough exposure to Emerging markets

Vanguard FTSE Global All Cap contains EM exposure. Why do you need a tilt towards EM?

Vanguard FTSE Global All Cap I started investing in May 18, hence the loss (actually more today at 1.365% loss).

Small Caps are often seen as risky, I have time on my side at 35, hence why I think I should have a bit more exposure to Small Caps.

Again same as small caps, Emerging markets I see as going higher compared to say FTSE etc. Again this is just my thoughts.

In terms of gold - or metals side, for me personally, I think I should have a bit of exposure to this, although not really sure how to do it yet.

A portfolio containing small cap may well give better returns than an untilted global equivalent, both in absolute terms and also risk adjusted (last one more debatable). The more important question is which of these two types of portfolio will you be more likely to stick with, given that tilts (value, EM, small cap) have the potential to underperform the "market" for long periods of time (see the value's premium's performance over the last decade).

I think it's worth you doing some more research on what metals bring to a portfolio - suggest Tim Hale's book will give you more info on this.

You might find this useful

https://theirrelevantinvestor.com/2019/02/19/un-co...

[gazza5]

Derek Chevalier said:

A portfolio containing small cap may well give better returns than an untilted global equivalent, both in absolute terms and also risk adjusted (last one more debatable). The more important question is which of these two types of portfolio will you be more likely to stick with, given that tilts (value, EM, small cap) have the potential to underperform the "market" for long periods of time (see the value's premium's performance over the last decade).

I think it's worth you doing some more research on what metals bring to a portfolio - suggest Tim Hale's book will give you more info on this.

Thanks for the link, I have ordered a few books (intelligent investor one of them), I prefer funds / trackers rather than individual shares, for me its just easier to manage, when I have profit on my shares or I feel I should come out this money is going into funds / trackers.

Already read how to own the world, naked trader (which got me into holding shares rather than funds, but now prefer funds myself)

[SS9]

I've read this with interest as I have an account with HL.

I only hold a single fund at the moment. Looking at the charges information for the fund I hold (Vanguard LifeStrategy), it doesn't look particularly expensive to me?



I'm trying to think back to why I opened the account with them. I'm sure I based it off the table on monevator that expressed that for small-ish holdings HL were considered low cost.

[Mr Pointy]

SS9 said:

I've read this with interest as I have an account with HL.

I only hold a single fund at the moment. Looking at the charges information for the fund I hold (Vanguard LifeStrategy), it doesn't look particularly expensive to me?

I'm trying to think back to why I opened the account with them. I'm sure I based it off the table on monevator that expressed that for small-ish holdings HL were considered low cost.

That's the fund charge, there's HL's platform charge (0.45%) as well on top of that. If you held it direct with Vanguard the charge would only be 0.15% total instead of 0.67%.

[xeny]

For anyone interested in this thread, these two guides may be of interest:

https://www.langcatfinancial.co.uk/isa-guide-2019/

in particular there's a green/orange/read pricing report for different providers at different portfolio sizes.

[gazza5]

I just had a quick look at Vanguard, mainly as I got a email from them as its isa season at the moment, most the funds I have with Hargreaves Lansdown aren't on Vanguard, they have there own version but I would have to sell my Lindsell Train fund for example, as I cannot see it anywhere on Vanguard, unless anyone else knows of a way of transferring that fund to Vanguard, they only list 73 funds.

I think Vanguard is a better platform for if you want to invest in say a FTSE 100 tracker, but for some of my funds I have and want to be invested in it wouldn't work for me.

[JulianPH]

Vanguard is an investment manager. It only allows access to its own funds.

HL is a platform (though it also offers very expensive investment management) that allows you to readily access funds from other investment manages for a fee of 0.45% a year (on top of the fund fees).

You won't see other funds on Vanguard for this reason.

[chip*]

Just to add to the above, HL's platform fee is tiered and it does get 'cheaper' with larger fund holding. See their FAQ page below for full breakdown:

https://www.hl.co.uk/investment-services/vantage-s...

Also, depending on your holding value, HL are open to reduced platform fee if you just call them.