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Post by Financial Thing on May 18, 2017 12:24:17 GMT
Thought I would ask here. Problem: Non UK resident, have son and want to add a monthly amount to a portfolio for him. Similar to this: www.ig.com/uk/investments/smart-portfolios/what-is-an-ig-smart-portfolioI have already bought him a few hundred pounds for him in an EFT tracker BUT the fees are about £15 which on £300 is a bit steep. Is there anything available similar to this? I have also looked at Fundsmith but they are very UK centric. Mike The only way to build a portfolio with low charges is investing in fund. There are No initial charge and performance fee @ Fundsmith, AMC is 1%, Terry Smith is a respectable fund manager IMHO. Personally, I like HL. Simple fee structures, many different products (funds, shares, exchange traded funds and investment trusts) available on the platform compared to other providers with cheaper fees. HL also reduces Initial charges to Zero on a lot of funds. The HL mobile app is very good. www.hl.co.uk/investment-services/investing-for-children/junior-investment-account/charges While 1% AMC's look insignificant, they end up costing you a fortune over 30+ years. Clever big company unit trust advertising.
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Post by Financial Thing on May 18, 2017 2:08:36 GMT
Thought I would ask here. Problem: Non UK resident, have son and want to add a monthly amount to a portfolio for him. Similar to this: www.ig.com/uk/investments/smart-portfolios/what-is-an-ig-smart-portfolioI have already bought him a few hundred pounds for him in an EFT tracker BUT the fees are about £15 which on £300 is a bit steep. Is there anything available similar to this? I have also looked at Fundsmith but they are very UK centric. Mike I really like Vanguard's low annual fee Lifestrategy funds. You can buy them through low cost brokerages (about £5 a trade). I've been buying them for years.
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Post by Financial Thing on May 18, 2017 2:02:18 GMT
I have a lump sum in a H&L SIPP that I am looking to invest in S&S for about 6-8 months, before cashing out and transferring into another investment. Should it perform better than the other investment, I might leave it there long term. I realize that S&S is a long term investment, but my alternative is to have it sat there as cash. I was thinking a low cost tracker might be better than simply holding as cash? Can anyone recommend a low cost Tracker (via H&L)? Thanks You'd be much better holding cash for 6-8 months. The markets are a wee bit frothy at the moment so your downside risk will likely be much larger than your upside. There's a good chance your tracker could be worth less than you paid for it when you need your money.
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Post by Financial Thing on May 17, 2017 3:47:23 GMT
I'm surprised Vanguard levied a 0.15% annual fee even though capped at £350. Still seems expensive.
You can purchase Vanguard funds through iWeb for £5 each with no annual fee. You would have to make 70 purchases a year to accrue £350 in charges through iWeb. Not to mention 0.15% will cost you lots of lost compounded interest gains over a period of years.
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Post by Financial Thing on May 15, 2017 17:58:45 GMT
I believe LI is complying with the FCA with this new eligibility requirement. When I got the notification, I selected I was a high net worth investor, took a simple quiz then my account was just as normal. Not sure why people are exiting because of this? ...because not everyone has an income over £100,000 or £250,000 in liquid assets! I'm not a HNW investor. I could have picked any of the three options, results would have been the same. You don't even have to verify this status. It's purely a formality.
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Post by Financial Thing on May 11, 2017 20:31:28 GMT
I believe LI is complying with the FCA with this new eligibility requirement. When I got the notification, I selected I was a high net worth investor, took a simple quiz then my account was just as normal. Not sure why people are exiting because of this?
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Post by Financial Thing on Apr 19, 2017 17:09:26 GMT
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Post by Financial Thing on Apr 10, 2017 20:53:18 GMT
If you want to stay invested, I would encourage everyone to email Bondmason's customer support and ask for an early adopter exclusion.
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Post by Financial Thing on Mar 27, 2017 18:33:45 GMT
Just gone negative, status changed from IOA to SBL (27-March, 14:34). SBL isn't necessarily a negative. SBL can happen while SS renegotiates loan terms or finalises a loan extension.
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Post by Financial Thing on Mar 16, 2017 16:13:56 GMT
To clarify, I was only talking about USA student loan debt which is now over $1.4 trillion, certainly a sizable problem. It's not uncommon for a US student to graduate with $150,000 in student debt. Not sure it's possible to pay that much for uni in the UK.
I don't think this is a reason to avoid p2p UK student accommodation developments specifically. If you are truly worried about student debt or car loan meltdowns, you'd probably want to avoid p2p altogether as any type of major financial crisis is likely to have major impacts on p2p as a whole. P2p is all about lender and borrower confidence, if the confidence goes and lenders run for the exits, well you know the what will likely follow.
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Post by Financial Thing on Mar 16, 2017 3:57:28 GMT
I am increasingly reading about the massive and ballooning, unsustainable Debt in the USA surrounding Auto Loans. Apparently it's out of control, what a surprise. Anyway, given that there now seems a lot of Loans on some of the P2Ps where the Asset/s is a package of Autos, I wonder if this is the Next Big Crisis? Personally I have decided to avoid these from now on but what think my Learned Colleagues? The next crisis won't be car loans. It will be student loans. Student loans are basically worthless unsecured debt notes and the default numbers are rising rapidly. At least with a car loan, there is an asset to possibly recover. Most students who can sign their name can get an unsecured student loan for amounts of money that will make you wonder what on earth the finance companies are thinking.
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Post by Financial Thing on Feb 6, 2017 23:20:55 GMT
Part of me thinks this should be based on the performance of each property and scaled accordingly. I totally agree with you on SPV22.
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Post by Financial Thing on Feb 5, 2017 18:58:29 GMT
In case anyone missed the email:
"As our costs of managing nearly 100 entities are growing, we are now levying a monthly £18 accounting and £12 corporate governance fee on those PM SPVs that came before PM SPV 58......These fees are linked to the level of rental income, and they cover various costs that the PM SPV incurs each month and year of the investment term."
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Post by Financial Thing on Feb 2, 2017 15:12:06 GMT
So from reading all comments and reading the terms again, I think I can surmise that:
A. Ratesetter put provisions into their business model that if all hell breaks loose, there is a way to to stop the bleeding
and
B. If it gets to that point, RS is probably in dire stages of health and at the end of its days so the PF wouldn't matter much long term either way.
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Post by Financial Thing on Feb 1, 2017 18:48:27 GMT
What is Ratesetter doing? Some strange terms and conditions that have been added about the PF. “Stabilisation Period”, “Interest Reduction” or a “Capital Reduction” I don't know what to think.
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