True Potential - Impulse Save any good?

[Ray Singh]

Just had a financial advisor over for a chat as we are thinking of consolidating our savings and actually getting something back. Banks and Building societies are offering low interest rates all be it risk free.

I have been reccomended True Potential Impulse Saver. The balanced portfolio is said to make 4.1% over two years, of course there is risk.

Is this worth doing? The charges were a little convoluted, but then i have been a risk free cash investor until now.

Thanks

[Ean218]

Looks like your "adviser" has already bamboozled you.

True Potential's Impulse Save product is just the means of collecting money from you, the underlying investment recommended by the adviser getting you a notional 4% is another thing entirely.

You may want to think about this quote from True Potentials marketing to advisers.....

"The ability for an advised client to top up their existing plans, when they feel like it, whilst ensuring the adviser is rewarded for their previous and ongoing service is at the heart of our ImpulseSave® feature."

[dingg]

4.1% over two years - feck me hardly worth bothering with and being charged on top of that - piss poor


stick a chunk in i3e forget about it and look again in two years , should be over 300% return

put the balance in ftse midcap tracker and forget about it

forget about paying some arse to get 4.1% over two years though

thats free advice btw


warning shares can go down as well as up

[Ginge R]

Ray Singh said:

Just had a financial advisor over for a chat as we are thinking of consolidating our savings and actually getting something back. Banks and Building societies are offering low interest rates all be it risk free.

I have been reccomended True Potential Impulse Saver. The balanced portfolio is said to make 4.1% over two years, of course there is risk.

Is this worth doing? The charges were a little convoluted, but then i have been a risk free cash investor until now.

Thanks

The issue that I have with these so called ‘impulse save’ or ‘tap to invest’ app based products is that there is no structure to the client thinking behind them. It becomes as easy to disinvest or redeem savings as it is to save and invest in the first place. Is that so wrong?

Well, get the strategy right behind the thinking, know what you want, know what you can afford and commit, and then execute (and minimise your grounds for deviation). Investing shouldn’t be ‘simple’ in the sense that it’s thoughtless. It’s completely different to saving.

Having said that, it’s churlish to argue against a principle simply because it goes against a long held best principle. After all, perfect is not the enemy of good.

[Zoon]

Rubbish return to be fair.

My fund has done 22% in 12 months with no effort at all.

[Ecosse79]

Zoon said:

Rubbish return to be fair.

My fund has done 22% in 12 months with no effort at all.

Would love to know what fund you are in!? :-)

[Zoon]

Ecosse79 said:

Would love to know what fund you are in!? :-)

Lindsell Train Global Equity

http://www.hl.co.uk/funds/fund-discounts,-prices--...

[JulianPH]

Zoon said:

Ecosse79 said:

Would love to know what fund you are in!? :-)

Lindsell Train Global Equity

http://www.hl.co.uk/funds/fund-discounts,-prices--...

The results to date speak for themselves, so no argument from me.

The fund has no FSCS protection (it is an off shore fund) though. This is the only comment I would raise for investors looking at buying in now due to its past performance. It is also over 30% invested in Japanese stocks. I like this, despite it going against perceived wisdom.

It also invests in HL directly, so their write up is not exactly unbiased!

As I said at the beginning, its performance (to date) does speak for itself though.

[red_slr]

I have a SIPP with TP and I do have Impulse Save but never used it.

Performance wise I am happy, although I could be in any mix of investments that differ to what your advisor suggests. (2017 performance was +19%)

Their online system is ok, bit better than the likes of Vanguard etc.

Cost wise not cheap but for where I am now and how much I have in there its ok. Will probably reconsider if I have a few more +20% years!