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Post by Deleted on Jun 4, 2015 8:24:55 GMT
I'm always interested in the next big thing and I've been reading about Betterment, Wealthfront, Nutmeg and even Swanest which like P2P portals each seem to offer different things, the first two being US focused, Swanest looking the most European (I.e. not "getting it" but they want your money) with Nutmeg with relatively high costs. What I cannot find is
1) The correct term to search for these website, tried "robo investor" and "automated investment services" and get very little
2) An equivalent to P2Pindependentforum
3) Any clear UK market listing
Anyone else got any ideas?
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bigfoot12
Member of DD Central
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Post by bigfoot12 on Jun 4, 2015 9:33:49 GMT
Try robo adviser (sometimes hyphenated robo-adviser). In the US the large incumbents (eg. Schwab) have launched similar services. Perhaps this will happen in the UK soon. Nutmeg is the only UK company I have heard about.
"Automated investment service" is the name they prefer for themselves.
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Post by ablrateandy on Jun 4, 2015 9:49:18 GMT
Similar to this, ablrate showed me a great site where you can see the returns that other people get and follow their portfolios and automatically mimic them. It was ace and a UK equivalent would be great. |
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mv
Member of DD Central
Posts: 156 
Likes: 45
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Post by mv on Jun 4, 2015 12:38:41 GMT
Although past performance does not guarantee future...
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Post by Financial Thing on Jun 8, 2015 18:45:42 GMT
Similar to this, ablrate showed me a great site where you can see the returns that other people get and follow their portfolios and automatically mimic them. It was ace and a UK equivalent would be great. Which site is this you speak of?
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Post by Financial Thing on Jun 8, 2015 19:12:24 GMT
I'm always interested in the next big thing and I've been reading about Betterment, Wealthfront, Nutmeg and even Swanest which like P2P portals each seem to offer different things, the first two being US focused, Swanest looking the most European (I.e. not "getting it" but they want your money) with Nutmeg with relatively high costs. What I cannot find is 1) The correct term to search for these website, tried "robo investor" and "automated investment services" and get very little 2) An equivalent to P2Pindependentforum 3) Any clear UK market listing Anyone else got any ideas? I don't know of any other search term other than Robo Investing. Forums I would check out bogleheads. It's an American site but it's frequented by people from all over the world. They discuss robo investing there, search for it. I'm curious as to why people would invest in these services otherwise than not having the time to make a trade each month. I used Betterment before I knew "better" and found the fund they invest in had some annual fees that were much higher than say a Vanguard Index or Fidelity Fund. The problem is Betterment has fees which range from 0.15 - 0.35% annually. If you add these fees to the fund fees, your returns become reduced, especially if you consider compounded interest over 20 years. I opened up an iWeb account where trades costs £5. Then buy a single Vanguard Lifestrategy Fund (super low annual fee) monthly. One trade and done. If you want to get a but more serious you can buy three funds: Bogleheads UK investing
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Post by Deleted on Jun 9, 2015 7:56:35 GMT
I'm not sure I would invest either I was just interested in areas I don't know about. The UK deals all look poor and while the UK has done well with P2P compared to the US it looks like the US is way ahead of the UK on robo investors (I suspect for legal reasons) I also dislike the whole "we want 1% to get out of bed" approach of the institutions in the UK. I'll look at bogle...
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