Market Financial Advice
Discussion
Good afternoon,
Looking to broaden my knowledge following taking the decision to invest this year away from financial advisors of large corporate banks. Very early days in the grand scheme of things but managing ok. This has got me thinking also helped by the adverts i now receive understand the general feedback on subscription based advice?
Typically the advice you receive for stocks and shares/ investments is based from Piston heads, subscription based advice or other? If you are willing to share where you get the information I'd be interested and if this is paid subscription do you believe there is benefit to it or are most companies significantly hyping up there sales pitches?
At the current time, I'm reading Piston heads and Trading 212 platform but have received adverts for Motely Fool etc.
Appreciate any feedback.
Thanks
Looking to broaden my knowledge following taking the decision to invest this year away from financial advisors of large corporate banks. Very early days in the grand scheme of things but managing ok. This has got me thinking also helped by the adverts i now receive understand the general feedback on subscription based advice?
Typically the advice you receive for stocks and shares/ investments is based from Piston heads, subscription based advice or other? If you are willing to share where you get the information I'd be interested and if this is paid subscription do you believe there is benefit to it or are most companies significantly hyping up there sales pitches?
At the current time, I'm reading Piston heads and Trading 212 platform but have received adverts for Motely Fool etc.
Appreciate any feedback.
Thanks
Advice by subscription, paid or not, is a recipe for disaster. Stick to using a (good) IFA, or if you want to go DIY simply hold the whole market in the cheapest way possible and weight your equity to your time and risk profile e.g. if you have big balls and minimum 10+yrs just go 100% into something like FTSE Global All-Cap. If your balls are a bit twitchy then cut down the equity weighting and replace with short-medium quality bonds. Whatever you choose there is no need to pay more than 0.4%/annum, and possible to get that as low as 0.2% I believe.
Why anyone would want to listen to these grifters selling you fantasy riches I don't know?
Why anyone would want to listen to these grifters selling you fantasy riches I don't know?
Edited by Phooey on Tuesday 28th October 13:46
None of the subscription services you can buy are going to be better than say reading Reddit or listening to randos on the internet.
They might give you ideas you want to investigate further, or help fill in gaps in your knowledge, but I don't think that meets the threshold for "advice".
After all, if anyone had any useful information which wasn't already priced in to the market they wouldn't sell that information for £50/month, but would leverage it via a hedge fund (or more recently via Polymarket).
Having said that, I sometimes watch Martin Shkreli's youtube account. The audio is terrible, and he is an untrustworthy so and so, but he does have some interesting perspectives on investing.
They might give you ideas you want to investigate further, or help fill in gaps in your knowledge, but I don't think that meets the threshold for "advice".
After all, if anyone had any useful information which wasn't already priced in to the market they wouldn't sell that information for £50/month, but would leverage it via a hedge fund (or more recently via Polymarket).
Having said that, I sometimes watch Martin Shkreli's youtube account. The audio is terrible, and he is an untrustworthy so and so, but he does have some interesting perspectives on investing.
Ross_328i_sport said:
Good afternoon,
Looking to broaden my knowledge following taking the decision to invest this year away from financial advisors of large corporate banks. Very early days in the grand scheme of things but managing ok. This has got me thinking also helped by the adverts i now receive understand the general feedback on subscription based advice?
Typically the advice you receive for stocks and shares/ investments is based from Piston heads, subscription based advice or other? If you are willing to share where you get the information I'd be interested and if this is paid subscription do you believe there is benefit to it or are most companies significantly hyping up there sales pitches?
At the current time, I'm reading Piston heads and Trading 212 platform but have received adverts for Motely Fool etc.
Appreciate any feedback.
Thanks
I just started trying to do the opposite of what was in favour.Looking to broaden my knowledge following taking the decision to invest this year away from financial advisors of large corporate banks. Very early days in the grand scheme of things but managing ok. This has got me thinking also helped by the adverts i now receive understand the general feedback on subscription based advice?
Typically the advice you receive for stocks and shares/ investments is based from Piston heads, subscription based advice or other? If you are willing to share where you get the information I'd be interested and if this is paid subscription do you believe there is benefit to it or are most companies significantly hyping up there sales pitches?
At the current time, I'm reading Piston heads and Trading 212 platform but have received adverts for Motely Fool etc.
Appreciate any feedback.
Thanks
when the tarriff issue came out in april and the markets tanked i jsut bought a load of effectively random stuff.
personally i have 2 rules i try to follow
company not diluting me year on year by huge amounts. a little is ok 1-5%
companing increasing earnings and revenue year on year
but listening to motley fool anyone here etc if just a gamble no one knows.
Buy when low and everyone thinks the market is screwed. sell never or when you need the money.
i watch/listen to a few folks for wider & deeper views on either macro in terms of money supply/recession type stuff and a very few for views on a very narrow basket of stocks/sector.
i find Jordi Visser & Raoul Pal seem to have a handle on the bigger picture
investanswers for insights into impacts on mag7 / btc type stuff
beatthedenominator for views on values of smaller mix, mainly tech & pharma related
all freee on utube
and on X i often listen to a guy called Mike Alfred who seems to be well plugged in to a few names within the datacentre/energy space
and when he's a guest on utube, 'cern basher' as he models out a cple of stocks i like - tsla/nvda.
as for paid stuff......nope, and on places like utube etc it's key to get a sense of whether anyone is pushing a narrative that benefits them ( directly or 'paid to shill'). Fortunately most of the ones above are clearly worth multiple 7 figure numbers and are more about educating/trying to help/guide others towards 'financial freedom'.
(FWIW none of those guys have views on LSE/UK stocks).
i find Jordi Visser & Raoul Pal seem to have a handle on the bigger picture
investanswers for insights into impacts on mag7 / btc type stuff
beatthedenominator for views on values of smaller mix, mainly tech & pharma related
all freee on utube
and on X i often listen to a guy called Mike Alfred who seems to be well plugged in to a few names within the datacentre/energy space
and when he's a guest on utube, 'cern basher' as he models out a cple of stocks i like - tsla/nvda.
as for paid stuff......nope, and on places like utube etc it's key to get a sense of whether anyone is pushing a narrative that benefits them ( directly or 'paid to shill'). Fortunately most of the ones above are clearly worth multiple 7 figure numbers and are more about educating/trying to help/guide others towards 'financial freedom'.
(FWIW none of those guys have views on LSE/UK stocks).
I’m not sure about subscriptions but did find the Morningstar videos on YouTube helpful when understanding how the markets work.
Also get family with fund comparison charts on FT.com - a helpful start point will be to type in the name of any funds you are holding in workplace pension and compare it to the FTSE all cap mentioned above. That will likely be enough to get you very keen to find better funds than these silly pension wrapper ones with terrible shares / indexes.
As for independent financial advisors, I’m not so sure. I’ve not met many “independent” ones yet - they seem keen on either passing off investments in AIM to get commission, or (like one of two here) they seem so obsessed with their own knowledge that they turn everything in to a complicated word salad.
Also get family with fund comparison charts on FT.com - a helpful start point will be to type in the name of any funds you are holding in workplace pension and compare it to the FTSE all cap mentioned above. That will likely be enough to get you very keen to find better funds than these silly pension wrapper ones with terrible shares / indexes.
As for independent financial advisors, I’m not so sure. I’ve not met many “independent” ones yet - they seem keen on either passing off investments in AIM to get commission, or (like one of two here) they seem so obsessed with their own knowledge that they turn everything in to a complicated word salad.
Lincolnshire said:
...
As for independent financial advisors, I m not so sure. I ve not met many independent ones yet - they seem keen on either passing off investments in AIM to get commission, or (like one of two here) they seem so obsessed with their own knowledge that they turn everything in to a complicated word salad.
It's been said before, but IFAs can be good as keeping people on the straight and narrow when it comes to investing i.e. helping clients stay the course, rather than panicking when the market has a 'correction', ensuring they are aware of the full suite of possible investments and tax implications relevant to their circumstances, helping people assess if their portfolio is genuinely diversified (so many people don't realise the overlap in what they hold), and being a good sounding board when making important decisions. I speak from experience when I say it's a bit lonely making financial decisions if you don't have a trusted person who understands the detail and can give you an informed opinion. As for independent financial advisors, I m not so sure. I ve not met many independent ones yet - they seem keen on either passing off investments in AIM to get commission, or (like one of two here) they seem so obsessed with their own knowledge that they turn everything in to a complicated word salad.
Having said all of that, I still don't pay for one!
cple more suggestions - depending what you are comfortable investing in ( geographic/sectors)
Cathie Woods funds all publish their holdings and their research ( arkk, arkg, arkw funds etc).....so whilst i know tsla is less than popular on PH, her team lays out their thesis for that stock over the coming 2-5 years ( as well as other stocks).
also, it's a bit of a joke that Nancy Pelosi is worth so much and seemingly times her trades so well - couldn't be inside knowledge could it! Although the filings for her sales/buys are delayed a google search shows what has been traded - which may give a broad brushstroke or confirmation of your own thesis.
ps/ 'motley fool' don't just don't........
and bear in mind that umpteen articles written about companies in MSM are clearly being paid for and far from impartial
Cathie Woods funds all publish their holdings and their research ( arkk, arkg, arkw funds etc).....so whilst i know tsla is less than popular on PH, her team lays out their thesis for that stock over the coming 2-5 years ( as well as other stocks).
also, it's a bit of a joke that Nancy Pelosi is worth so much and seemingly times her trades so well - couldn't be inside knowledge could it! Although the filings for her sales/buys are delayed a google search shows what has been traded - which may give a broad brushstroke or confirmation of your own thesis.
ps/ 'motley fool' don't just don't........
and bear in mind that umpteen articles written about companies in MSM are clearly being paid for and far from impartial
happytobealive said:
stay the course, rather than panicking when the market has a 'correction'
If the investments are in funds as packages of shares then if the correction is a drop in share values because shares are being sold then why must us plebs stay the course and why can't our shares be sold just as all the shares in the market are being sold?Actual said:
If the investments are in funds as packages of shares then if the correction is a drop in share values because shares are being sold then why must us plebs stay the course and why can't our shares be sold just as all the shares in the market are being sold?
Because the fund managers would then be locking in your losses?!?!You don’t HAVE to buy a fund, you could decide to buy shares in all the individual companies in an index and then you can sell to your hearts content when the share price is dropping and lose as much money as you like!
Actual said:
If the investments are in funds as packages of shares then if the correction is a drop in share values because shares are being sold then why must us plebs stay the course and why can't our shares be sold just as all the shares in the market are being sold?
Because unless you run a high frequency trading firm, you are already too late. The market thrives on fear. Once the market starts to drop, no one wants to catch the falling knife. So you think about selling after a correction, which is when the only articles you will read will be about how the market is overvalued and how it is going to drop another 50%, do you think you are going to secure the best value?
The fact investments are packages of shares is also misleading - imagine a large cloth sheet with one person holding each corner. Then throw a bowling ball in the middle of the sheet. Every part of the sheet will respond to the large impact. That is like most people's portfolios - everything is connected far more than most realise.
okgo said:
Cathie wood lol.
.
This one? .
https://www.forbes.com/sites/johntobey/2023/10/31/...
I haven't checked the latest price, but I wonder how many lemmings regret piling into ARKK around late 20 / early 21!
An IFA can only suggest funds based on risk appetite following analysis of your situation. They are not stock pickers or sector pickers regardless of what they tell you. I say this as a retired IFA.
The best thing you can do is read, read and read some more.
Only invest in things you totally understand and then only in things suitable with the level of risk you are comfortable in taking.
Don’t be swayed by pub tales of bitcoin fortunes and guaranteed easy money. It’s gambling rather than investing.
Funds like those offered by vanguard offer low maintenance and low costs.
Remember you can get 4% plus in a deposit account. Tax free if you have unused isa allowance.
The best thing you can do is read, read and read some more.
Only invest in things you totally understand and then only in things suitable with the level of risk you are comfortable in taking.
Don’t be swayed by pub tales of bitcoin fortunes and guaranteed easy money. It’s gambling rather than investing.
Funds like those offered by vanguard offer low maintenance and low costs.
Remember you can get 4% plus in a deposit account. Tax free if you have unused isa allowance.
Agree entirely with darreni.
If you want to have a bit of a flutter, by all means take some of your capital and do a bit of stock picking, but recognise the risk it entails and the cost it will incur.
If you want to have an informed flutter, I'd suggest reading the Economist to get an idea of the macro economic picture. Read the FT if you want daily market coverage. And see what market coverage and analysis you can find online from institutions like JPMorgan. You're not going to find too much professional research on line for free, but what you do find should give you some idea of how people think about the economy and investment opportunities and the type of questions they try analyse and answer.
If you want to have a bit of a flutter, by all means take some of your capital and do a bit of stock picking, but recognise the risk it entails and the cost it will incur.
If you want to have an informed flutter, I'd suggest reading the Economist to get an idea of the macro economic picture. Read the FT if you want daily market coverage. And see what market coverage and analysis you can find online from institutions like JPMorgan. You're not going to find too much professional research on line for free, but what you do find should give you some idea of how people think about the economy and investment opportunities and the type of questions they try analyse and answer.
The problem with written articles is they can easily sway any investor into buying or selling and the writer will have probably spread bet or invested heavily in a particular stock they are bleating about.
Lots of quotes appear on social media when you start googling about investing etc from Warren Buffet and he says buy shares in a company that does well and keep it. And dont get too swayed when it drops 10% as if it's a good company it will rise again (easier said than done!!).
As others have said - an ETF in a global group of companies is probably the best and keep it.
With regards to platforms - I'd choose the cheapest one going (I think Interactive Investor is one of the cheapest) as you dont want to be fighting gains against platform fees.
All the very best !
Lots of quotes appear on social media when you start googling about investing etc from Warren Buffet and he says buy shares in a company that does well and keep it. And dont get too swayed when it drops 10% as if it's a good company it will rise again (easier said than done!!).
As others have said - an ETF in a global group of companies is probably the best and keep it.
With regards to platforms - I'd choose the cheapest one going (I think Interactive Investor is one of the cheapest) as you dont want to be fighting gains against platform fees.
All the very best !
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