Your questions answered Vol 2 - IM Private Clients

[renmure]

Simpo Two said:

So will there be a Coops2? A company needs a friendly phone contact to sort stuff out.

+2

Myself and Mrs R both had reason to contact Coops over the past wee while to sort out some niggly stuff and it was really refreshing to deal with someone who was so helpful and on the ball.

[AdamIM]

renmure said:

Simpo Two said:

So will there be a Coops2? A company needs a friendly phone contact to sort stuff out.

+2

Myself and Mrs R both had reason to contact Coops over the past wee while to sort out some niggly stuff and it was really refreshing to deal with someone who was so helpful and on the ball.

Hi Jim,

Yes, there will be a handover and communication, shortly-watch this space.

Regards

Adam

[CharlesdeGaulle]

AdamIM said:

Hi Jim,

Yes, there will be a handover and communication, shortly-watch this space.

Regards

Adam

I already feel sorry for the poor sod if they have to nurse nursemaid us lot!

[superlightr]

AdamIM said:

Hi James,

The non Equity portion are Fixed Income securities- Gilts and Treasuries + Investment Grade Corporates, predominantly US. These are also hedged (FX) so the return is not exposed to currency fluctuations.

The YTD return is +2.55%(to end of Feb).

Regards

Adam

Hi Adam

Thank you. Any update/thoughts on the cash earing some interest?

[AdamIM]

superlightr said:

AdamIM said:

Hi James,

The non Equity portion are Fixed Income securities- Gilts and Treasuries + Investment Grade Corporates, predominantly US. These are also hedged (FX) so the return is not exposed to currency fluctuations.

The YTD return is +2.55%(to end of Feb).

Regards

Adam

Hi Adam

Thank you. Any update/thoughts on the cash earing some interest?

Hi James, I've passed that to Nik

Cheers

Adam

[anonymous-user]

AdamIM said:

superlightr said:

AdamIM said:

Hi James,

The non Equity portion are Fixed Income securities- Gilts and Treasuries + Investment Grade Corporates, predominantly US. These are also hedged (FX) so the return is not exposed to currency fluctuations.

The YTD return is +2.55%(to end of Feb).

Regards

Adam

Hi Adam

Thank you. Any update/thoughts on the cash earing some interest?

Hi James, I've passed that to Nik

Cheers

Adam

I’m not entirely sure what IM is/does but that seems surprising. ii pays 2% on cash balances over £10k in a SIPP and the rates aren’t much less in an ISA or trading account. Zero interest on cash for the customer means someone else is benefiting!

[Grandad Gaz]

Re: GT Championship.

Thanks for the email regarding dates for the above. This means I actually get a chance to attend one. I missed out last year on the “first come, first served” basis” which was only advertised on this thread. This is because I only pop in to PH occasionally.

Sending out emails to all, and then putting all interested parties in a hat is a much fairer way of doing it.

Thanks

[LastPoster]

Grandad Gaz said:

Re: GT Championship.

Thanks for the email regarding dates for the above. This means I actually get a chance to attend one. I missed out last year on the “first come, first served” basis” which was only advertised on this thread. This is because I only pop in to PH occasionally.

Sending out emails to all, and then putting all interested parties in a hat is a much fairer way of doing it.

Thanks

There was an email last year as well

[Grandad Gaz]

LastPoster said:

Grandad Gaz said:

Re: GT Championship.

Thanks for the email regarding dates for the above. This means I actually get a chance to attend one. I missed out last year on the “first come, first served” basis” which was only advertised on this thread. This is because I only pop in to PH occasionally.

Sending out emails to all, and then putting all interested parties in a hat is a much fairer way of doing it.

Thanks

There was an email last year as well

Ah, apologies if that was the case. I must have missed it!

[AdamIM]

Roman Rhodes said:

AdamIM said:

superlightr said:

AdamIM said:

Hi James,

The non Equity portion are Fixed Income securities- Gilts and Treasuries + Investment Grade Corporates, predominantly US. These are also hedged (FX) so the return is not exposed to currency fluctuations.

The YTD return is +2.55%(to end of Feb).

Regards

Adam

Hi Adam

Thank you. Any update/thoughts on the cash earing some interest?

Hi James, I've passed that to Nik

Cheers

Adam

I’m not entirely sure what IM is/does but that seems surprising. ii pays 2% on cash balances over £10k in a SIPP and the rates aren’t much less in an ISA or trading account. Zero interest on cash for the customer means someone else is benefiting!

Hi Roman Rhodes,

In the interest of fairness. Interactive investor is predominantly a deal execution service. We are in the business of Asset Management. We do not charge additional dealing fees-most do ranging 10-50bps. I think it’s important to understand all fees and compare it to the services offered.

If you would like to learn more about what we do please refer to our website www.intelligentmoney.com

Regards

Adam

[superlightr]

just to add for myself if interest is paid or not would not affect my choice of having my funds with IM - for the main reasons 1) my funds are invested in one of the products ie index80 and rarely in cash for any length of time, 2nd the overall package of IM and for pistonheads members is great.

[Steve H]

I’m the same, the only reason I can think of having significant cash with IM or any similar service is if my crystal ball told me there is a crash round the corner in which case I’d be more than happy just preserving the funds as they are

[PM3]

This morning if my holdings are anything to judge this morning a cash pile on zero% would have done way better .
Anyway, such is life , good job I wasn't planning to realise any of those "gains" earlier

[anonymous-user]

AdamIM said:

Roman Rhodes said:

AdamIM said:

superlightr said:

AdamIM said:

Hi James,

The non Equity portion are Fixed Income securities- Gilts and Treasuries + Investment Grade Corporates, predominantly US. These are also hedged (FX) so the return is not exposed to currency fluctuations.

The YTD return is +2.55%(to end of Feb).

Regards

Adam

Hi Adam

Thank you. Any update/thoughts on the cash earing some interest?

Hi James, I've passed that to Nik

Cheers

Adam

I’m not entirely sure what IM is/does but that seems surprising. ii pays 2% on cash balances over £10k in a SIPP and the rates aren’t much less in an ISA or trading account. Zero interest on cash for the customer means someone else is benefiting!

Hi Roman Rhodes,

In the interest of fairness. Interactive investor is predominantly a deal execution service. We are in the business of Asset Management. We do not charge additional dealing fees-most do ranging 10-50bps. I think it’s important to understand all fees and compare it to the services offered.

If you would like to learn more about what we do please refer to our website www.intelligentmoney.com

Regards

Adam

I fully understand they are are different ‘products’ and, equally, charge differently. I’m not so clear on why that would affect interest being paid on cash. ii and others have simply passed on, to some degree, the rate increases that have happened over the last few months.

Some responses seem unconcerned - and if they only hold a small amount of cash I can understand why. Others could be in a different position for a variety of reasons. If one was holding £500k + for a period of time then giving up around £1k/month interest doesn’t seem too appealing.

This isn’t an ii versus IM thing (although I do use ii), just an observation that paying zero on cash seems a little odd. Having said that, I’m sure IM aren’t alone.

[Al Gorithum]

Any thoughts re the US tech-market wobbles?

[AdamIM]

Al Gorithum said:

Any thoughts re the US tech-market wobbles?

Hi Al,

Let me start by saying that we are still largely ahead of where we were as recently as the beginning of March and well up on the YTD. In isolation, having the Fed indicate they are willing to racket up rate rises will cause a dip. However we have seen from recent earnings that fundamentals have a sound footing.

Clearly recessionary indicators have failed to materialise (a positive)and there is still inflation within the services sector (housing). Non services CPI and employment is falling. I think Powell wants deflation to move a bit faster. And until we see signs of a pivot-some way of,f I think we will, in my opinion be oscillating within a range albeit with a gentle upward bias. I say that because guidance is broadly positive. And looking at specific securities, we are holding some names which are extremely inflation/rate rise resistant. EG VRTX,PANW, UNH
It's also an inescapable fact that Powell will use his speeches to pump the brakes of the market because higher asset prices create wealth which makes his job more difficult. I doubt they will raise 50bps-the mere suggestion may have done the job!


Notes from the last 2 days..........
During his two-day testimony on the monetary policy report, Powell stated that, given recent economic data indicating stronger-than-expected growth, the central bank was willing to consider raising interest rates. The Fed's policymakers, however, had not yet made a decision on increasing rate hikes. Traders perceived Powell's remarks as hawkish, prompting them to adjust their expectations of a 50 basis point rate hike at the upcoming monetary policy committee meeting.

The financial sector dominated headlines on Thursday and Friday due to the collapse and liquidation of the Silicon Valley Bank unit of SVB Financial. The liquidity crisis at Silicon Valley Bank had a ripple effect across the financial sector and resulted in a decline in other bank stocks. On Friday, the Federal Deposit Insurance Corporation took over Silicon Valley Bank, making it the largest bank failure since the 2008 financial crisis. Despite this, several Wall Street analysts believed that the retreat in bank stocks was an overreaction and not indicative of systemic weakness. Nonetheless, the incident caused market participants to adjust their expectations of a 50 basis point rate hike to less than 40%.
The week's economic data focused primarily on the labor market.

SVP is really a hedge fund, an over leveraged one at that or should i say, holds too many illiquid assets and found it was unable to turn these into cash to shore up liquidity holes left by a loss on US treasury holdings. The reality is they most likely would have been ok if it wasn't for the Wall Street rumour mill creating a run on funds. In the UK the average cash reserves which back deposits is 18%. A bank run is a real problem.

[Intelligent Money]

Roman Rhodes said:

AdamIM said:

superlightr said:

AdamIM said:

Hi James,

The non Equity portion are Fixed Income securities- Gilts and Treasuries + Investment Grade Corporates, predominantly US. These are also hedged (FX) so the return is not exposed to currency fluctuations.

The YTD return is +2.55%(to end of Feb).

Regards

Adam

Hi Adam

Thank you. Any update/thoughts on the cash earing some interest?

Hi James, I've passed that to Nik

Cheers

Adam

I’m not entirely sure what IM is/does but that seems surprising. ii pays 2% on cash balances over £10k in a SIPP and the rates aren’t much less in an ISA or trading account. Zero interest on cash for the customer means someone else is benefiting!

Hi Roman Rhodes

When we set IM PC up we didn't consider cash as an investment holding, it was only relay there as a transitional holding position so the account that we have is a transactional rather than "savings account" and as such when we first set up paid no interest and now only pays a small amount. We take no fees for any holding in cash.
As the environment has changed and interest rates have picked up it is clear that an interest bearing cash option would be useful. There are a number of options and we in the process of finalising the integration of a cash option onto the dashboard.

Cheers

Nik

[tight fart]

Al Gorithum said:

Any thoughts re the US tech-market wobbles?

I feel I should hold my hand up and apologise as I'm completely responsible for the crash.
As I moved some funds in to PHT this week it was bound to happen.
I'll give everyone a heads up next time I move funds, sorry lads (and lassies)

[leef44]

tight fart said:

Al Gorithum said:

Any thoughts re the US tech-market wobbles?

I feel I should hold my hand up and apologise as I'm completely responsible for the crash.
As I moved some funds in to PHT this week it was bound to happen.
I'll give everyone a heads up next time I move funds, sorry lads (and lassies)

This is where investment analysis go wrong. All this focus on Fed Reserve predictions of interest rate rises and labour market reports, when the most significant global impact on the market is tight fart fund movements.

In fact, tight fart, I don't know why you are not on SEC market watch list

[pingu393]

UK tech companies that use SVB will be able to pay their employees, because Rishi will cover any short-term cashflow. Are US-based companies in the same position? If not, how deep can we expect to drop, and how fast? Do we have any funds that may be directly affected, or is the bank that Google uses a corporate secret, and not even savvy investment managers able to find out?