stevio
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Post by stevio on Sept 2, 2016 7:07:02 GMT
iWeb ISA (for example) has no charges for holding funds or ITs. Other platforms have similar approaches. They may have other fees though, such as opening fees. Please do you own research though. Monivator or MSE are good places to find platforms to match investment approaches. £200 opening fee
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Post by Deleted on Sept 2, 2016 7:16:46 GMT
You might just do better investing in Fundsmith which is about 5 years into compound annual 18%.  |
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ali
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Post by ali on Sept 2, 2016 7:26:53 GMT
You might just do better investing in Fundsmith which is about 5 years into compound annual 18%. Dang. 19.9% according to their website. That's impressive. Worthy of serious consideration.
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stevio
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Post by stevio on Sept 2, 2016 11:13:35 GMT
You might just do better investing in Fundsmith which is about 5 years into compound annual 18%. Dang. 19.9% according to their website. That's impressive. Worthy of serious consideration. I gave up on funds - you get tempted by good past performance and then it always seems to decline shortly after as everyone else piles in. I much prefer the fixed return from P2P - barring default or early repayment or platform failure, you get the return it says at the outset
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mikeh
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Post by mikeh on Sept 2, 2016 11:22:14 GMT
You might just do better investing in Fundsmith which is about 5 years into compound annual 18%. Purely by luck I got into Fundsmith just before the Brexit vote. It went up around 10% overnight thanks to the collapse of the pound.
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Post by Deleted on Sept 2, 2016 12:15:48 GMT
Dang. 19.9% according to their website. That's impressive. Worthy of serious consideration. I gave up on funds - you get tempted by good past performance and then it always seems to decline shortly after as everyone else piles in. I much prefer the fixed return from P2P - barring default or early repayment or platform failure, you get the return it says at the outset Funds are tricky buggers, I moved more into funds out of straight equity over the past year because I decided that 1) there are only about 5 good fund managers in the UK 2) In most subsections there is often only one or at most two good fund managers 3) Look for good 1,3,5,10 year rates 4) look for low levels of volatility (so timing is less important). 5) I had to work too hard at equity (I still do but only an hour a day now and no sleepless nights) Generally that brings me in 9% a year, year on year but as capital gain (and taxed as such) rather than income tax. I don't want to pay 40% if I can pay 28%. So if I earn £9 (after allowances) in capital gains I pay £2.52 tax and stick £6.48 in my pocket. If I try to put £6.48 in my pocket via income tax I have to earn £10.67 or 10.7% via P2P.
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stevio
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Post by stevio on Sept 2, 2016 15:22:10 GMT
I gave up on funds - you get tempted by good past performance and then it always seems to decline shortly after as everyone else piles in. I much prefer the fixed return from P2P - barring default or early repayment or platform failure, you get the return it says at the outset Funds are tricky buggers, I moved more into funds out of straight equity over the past year because I decided that 1) there are only about 5 good fund managers in the UK 2) In most subsections there is often only one or at most two good fund managers 3) Look for good 1,3,5,10 year rates 4) look for low levels of volatility (so timing is less important). 5) I had to work too hard at equity (I still do but only an hour a day now and no sleepless nights) Generally that brings me in 9% a year, year on year but as capital gain (and taxed as such) rather than income tax. I don't want to pay 40% if I can pay 28%. So if I earn £9 (after allowances) in capital gains I pay £2.52 tax and stick £6.48 in my pocket. If I try to put £6.48 in my pocket via income tax I have to earn £10.67 or 10.7% via P2P. Yeah, I need to look at Capital Gains rather than Income Is their any platforms that have more capital gains rather than income? I think Ablrate has mentioned about SM sales being Capital gains?? Other than that, is it just property and shares/funds?
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jonah
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Post by jonah on Sept 2, 2016 19:07:22 GMT
iWeb ISA (for example) has no charges for holding funds or ITs. Other platforms have similar approaches. They may have other fees though, such as opening fees. Please do you own research though. Monivator or MSE are good places to find platforms to match investment approaches. £200 opening fee I did mention it had opening fees. It used to be less  Other options might be better for your circumstances.
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Post by wickedxuk on Sept 3, 2016 8:30:03 GMT
Im also looling for another platform. What about Fundingempire? Haven't seen that mentioned on this thread. What do people think of the platform?
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nush
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Post by nush on Sept 3, 2016 8:59:56 GMT
I did mention it had opening fees. It used to be less Other options might be better for your circumstances. used to be £20 opening fees but was a really good account for that price, not so good now. i think X-O are one of the cheaper execution only sites now with no opening fees and £5.95/trade.
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agent69
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Post by agent69 on Sept 3, 2016 9:07:56 GMT
im looking for a new platform that doesn't require and DD but still offers 8-10% with a good flow of loans and a secondary market just in case I need to bail. Think the only place you are going to find this is on fantasy island. However, if you do find what you are looking for please post details as I'm certain lots of others would be interested.
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adrianc
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Post by adrianc on Sept 3, 2016 9:13:20 GMT
im looking for a new platform that doesn't require and DD but still offers 8-10% with a good flow of loans and a secondary market just in case I need to bail. Think the only place you are going to find this is on fantasy island. However, if you do find what you are looking for please post details as I'm certain lots of others would be interested. Exactly. Can you send me a PM a day before you announce it publicly, please?
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Post by mrclondon on Sept 3, 2016 11:24:04 GMT
Im also looling for another platform. What about Fundingempire? Haven't seen that mentioned on this thread. What do people think of the platform? I like them, currently small though and no new deals for a few weeks. One to keep an eye open for promised bigger future opportunities. thread linkI'm another fan of this small operation. Although there have been no new loans for a few weeks, there is still availability on the SM "Markplace" in the more recent batch of loans (those at the bottom of the list) at 0% markup - I've assumed that these were funded by the platform's principal(s) to help smooth availability on the platform. The BLX loans (Asset Backed Loans 1 to 8323) are similiar in concept to the AE loans on MT - secured against the cashflow of HP agreements with the vehicle as backup security if the borrower and BLX both reneged on the agreement. Whenever I reported minor website bugs, they have been fixed very quickly.
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Post by wickedxuk on Sept 3, 2016 12:06:49 GMT
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ben
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Post by ben on Sept 3, 2016 19:25:47 GMT
Im also looling for another platform. What about Fundingempire? Haven't seen that mentioned on this thread. What do people think of the platform? I quite like FE to although no new loans which is a shame, I aslo like Lend Invest and Unbolted at the moment.
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