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Post by kazamx on Apr 10, 2020 11:10:19 GMT
Is this a new thing or have I been blind all this time  You can have a standard portfolio now AND a RoboWise one on a single account. I'm sure it used to ask you to convert your existing portfolio to RoboWise. Tried it out and it does add a new portfolio. Interestingly it seems you can create a bunch of different portfolios with different characteristics. Not tried this yet |
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Apr 10, 2020 11:42:15 GMT
Is this a new thing or have I been blind all this time You can have a standard portfolio now AND a RoboWise one on a single account. I'm sure it used to ask you to convert your existing portfolio to RoboWise. Tried it out and it does add a new portfolio. Interestingly it seems you can create a bunch of different portfolios with different characteristics. Not tried this yet I have to say that given my experience with Coll, Lendy and Funding "Secure", I don't think I'll be handing over my hard-earned to any organisation whose name begins with "Rob" 
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elliotn
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Post by elliotn on Apr 10, 2020 13:55:08 GMT
Is this a new thing or have I been blind all this time You can have a standard portfolio now AND a RoboWise one on a single account. I'm sure it used to ask you to convert your existing portfolio to RoboWise. Tried it out and it does add a new portfolio. Interestingly it seems you can create a bunch of different portfolios with different characteristics. Not tried this yet I think a skin refresh has made it more visible. When I run it you could only choose one portfolio. Also, this was NOT compatible with your self-select portfolio (unless this has been updated) ie your total portfolio would be re-balanced according to the Robowise settings. Benefits are no charges for buying/selling, automatic buying of bonds as they became available and customisable at individual loan level. I really liked it but moved to full manual control once my portfolio was built up, also new loans are automatically added so requires some intervention if you want to partially manage. Edit - I see you mentioned Robo can be set up in addition which is something I requested before, would require managing to avoid doubling up on existing bonds and deciding which portfolio you wanted to buy new loans in, might be a way to get diversification in bonds you didn’t want full holdings in. Edit 2 - FAQ still makes it sound like it will be a single, evenly weighted portfolio so worth checking with WA before activating: Depending on which portfolio you select (either balanced or adventurous) Robowise will calculate your ideal amount per investment based on an even spread of money per investment from the amount you deposit into your account. If you are an existing user who already has a portfolio, the algorithm will use the total value of your current portfolio and un-invested cash to determine the amounts per investment.
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garfield
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Post by garfield on Apr 17, 2020 11:16:46 GMT
I'm trying to get my head round this change. As has been indicated, the FAQs don't seem to have been updated. Nor has there been any comms (by e-mail) about it.
We were using Robowise until early March when we lost confidence in how it was behaving. We ended up with way too much in some poorly performing bonds.
Been investing manually ever since and trying to re-balance with a view to switching it back on again at some point (maybe many months/years away). However, I wanted to explore it to see what bonds are now included. This requires you to input personal bank account details. However, this isn't valid within a SIPP.
Is there no longer an option to switch Robowise on/off at will? Or an option to move bonds between manual investments and Robowise?
What are others' experiences?
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