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Post by wickedxuk on Oct 8, 2016 11:18:14 GMT
So I want to diversify into stocks and shares but for the next few years I don't have the time to self manage. I've been comparing different stocks and shares ISA and want to put the details of the one I have decided on. I eventually have settled on Money Farm. The website works better than any of the others I have researched (Nutmeg etc) and the charges are one of the lowest I have found for a managed portfolio. Through Money.Co.uk there is a promotion. To get your first 20k Managed at 0%: Get your first £20,000 managed free of charge with a fully managed, globally diversified and tailor made portfolio. Use Code MCU20K. Annual charges range from 0%-0.6%. No entry, exit or transfer fees. Capital at risk. www.moneyfarm.com/uk/money-co-uk?utm_source=money.co.uk&utm_medium=affiliation&utm_campaign=isaFrom that point on fees are 0.6% + OCF/TER of around 0.25%. So I have only just started but I will happily share my experience as it progresses. Trust Pilot review: uk.trustpilot.com/review/moneyfarm.com |
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Post by eascogo on Oct 9, 2016 0:26:16 GMT
For a good summary of Moneyfarm see www.orcamoney.com/blog/money-farm-investment-review-2016It is worth following the internal link leading to a fairly detailed description of Moneyfarm investment strategy. There are parallels to what is offered by Vanguard LifeStrategy where you choose your level of risk. Moneyfarm was active in Italy since 2011 but has only migrated here in April 2016 so still a young operator. I like their online presentation and might consider joining for diversification away from P2P. No fee for investment under £10,000 encourages a dip in. |
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r00lish67
Member of DD Central
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Post by r00lish67 on Oct 9, 2016 2:36:42 GMT
I've not investigated Moneyfarm at all, but have further encouragement if you need it - Quidco/Topcashback currently offer £120 for signing up. If you haven't signed up with either of those sites, feel free to PM me for a referral :-)
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Post by wickedxuk on Oct 9, 2016 7:34:27 GMT
B******S I'm normally allover quidco but missed the boat on that one! Signed up for two accounts for me and the Mrs too!
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Post by wickedxuk on Oct 9, 2016 7:36:25 GMT
For a good summary of Moneyfarm see www.orcamoney.com/blog/money-farm-investment-review-2016It is worth following the internal link leading to a fairly detailed description of Moneyfarm investment strategy. There are parallels to what is offered by Vanguard LifeStrategy where you choose your level of risk. Moneyfarm was active in Italy since 2011 but has only migrated here in April 2016 so still a young operator. I like their online presentation and might consider joining for diversification away from P2P. No fee for investment under £10,000 encourages a dip in. No fee for under 20k if you use the code above before 14/10/2016
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Balder
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Post by Balder on Oct 9, 2016 9:30:21 GMT
Low costs are important but so are the returns. If I read it correctly moneyfarm annual returns have been at best 9.6% and worst 1.7% from 2012 to 2015. I assume this is after costs. If you look at for example the Fundsmith Equity Fund ISA costs are higher but returns (after costs) over the same period have been lowest 12.5% and highest 25.3%.
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mikeh
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Post by mikeh on Oct 9, 2016 10:03:30 GMT
Low costs are important but so are the returns. If I read it correctly moneyfarm annual returns have been at best 9.6% and worst 1.7% from 2012 to 2015. I assume this is after costs. If you look at for example the Fundsmith Equity Fund ISA costs are higher but returns (after costs) over the same period have been lowest 12.5% and highest 25.3%. As they keep telling us, "Past performance is not a guide to future performance". If the pound was to suddenly rebound it would hit Fundsmith hard.
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Oct 9, 2016 10:10:37 GMT
I've not investigated Moneyfarm at all, but have further encouragement if you need it - Quidco/Topcashback currently offer £120 for signing up. If you haven't signed up with either of those sites, feel free to PM me for a referral :-) I joined them via topcashback, met the deposit/direct debit terms and talked to live chat on registration to confirm I did it correctly. Shows up as visited site on TopCashback but had to make a manual claim request... 6 weeks later MoneyFarm tell me TopCashback have no record of my click and TopCashback say wait 4+ weeks for a response! However, in all honesty it is a good service (for free for £0-£20k), apart from taking 7-10 days to make the initial cash deposit/investment. Note - if anyone is interested, MoneyFarm do non-ISA's too.
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Post by eascogo on Oct 9, 2016 18:01:23 GMT
Low costs are important but so are the returns. If I read it correctly moneyfarm annual returns have been at best 9.6% and worst 1.7% from 2012 to 2015. I assume this is after costs. If you look at for example the Fundsmith Equity Fund ISA costs are higher but returns (after costs) over the same period have been lowest 12.5% and highest 25.3%. . Thanks for bringing Fundsmith to my attention. Looking at the returns of Moneyfarm I note your min/max yearly figures of 1.7%/15.9%. I suppose the 2016 Jan to Sept figure of 15.9% may be worth mentioning. This higher return may well have much to do with sterling's recent dip. Returns therefore averaged roughly 5% over 2011-15 but rises to 7% if (partial) year 2016 is counted in. This kind of return is fairly modest but tally with expectations of trackers. Fundsmith has a different investment strategy - well away from trackers - and that has paid handsomely [see their interesting Owner manual at www.fundsmith.co.uk/docs/default-source/documents---owners-manuals/owners-manual.pdf?sfvrsn=6. Charges are only marginally higher than Moneyfarm but for higher returns. Fundsmith place themselves at 5 on an ascending risk scale of 1 to 7; therefore not for the risk averse. I am likely to steer a number of past years' ISA trackers to them. I would think likely that a number of forumites are invested with Fundsmith. It would be good to hear their comments. PS - I've now registered with Fundsmith, opened and partially funded an ISA for this year. Also am happy to transfer previous years' ISAs to them.
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Balder
Member of DD Central
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Post by Balder on Oct 10, 2016 8:42:09 GMT
Low costs are important but so are the returns. If I read it correctly moneyfarm annual returns have been at best 9.6% and worst 1.7% from 2012 to 2015. I assume this is after costs. If you look at for example the Fundsmith Equity Fund ISA costs are higher but returns (after costs) over the same period have been lowest 12.5% and highest 25.3%. . Thanks for bringing Fundsmith to my attention. Looking at the returns of Moneyfarm I note your min/max yearly figures of 1.7%/15.9%. I suppose the 2016 Jan to Sept figure of 15.9% may be worth mentioning. This higher return may well have much to do with sterling's recent dip. Returns therefore averaged roughly 5% over 2011-15 but rises to 7% if (partial) year 2016 is counted in. This kind of return is fairly modest but tally with expectations of trackers. Fundsmith has a different investment strategy - well away from trackers - and that has paid handsomely [see their interesting Owner manual at www.fundsmith.co.uk/docs/default-source/documents---owners-manuals/owners-manual.pdf?sfvrsn=6. Charges are only marginally higher than Moneyfarm but for higher returns. Fundsmith place themselves at 5 on an ascending risk scale of 1 to 7; therefore not for the risk averse. I am likely to steer a number of past years' ISA trackers to them. I would think likely that a number of forumites are invested with Fundsmith. It would be good to hear their comments. PS - I've now registered with Fundsmith, opened and partially funded an ISA for this year. Also am happy to transfer previous years' ISAs to them. Pleasure. I have invested with them in ISA and as part of my SIPP. All looks well run and the ISA accounts sends 6 monthly updates. It is also interesting looking at Terry Smiths news articles and company meeting videos (he is a huge vote leave fan). Also worth looking at the new Fundsmith Emerging Equity Trust which Terry believes will outperform his other funds over the next 10 years...........
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Post by jordan on Oct 14, 2016 13:45:55 GMT
For a good summary of Moneyfarm see www.orcamoney.com/blog/money-farm-investment-review-2016It is worth following the internal link leading to a fairly detailed description of Moneyfarm investment strategy. There are parallels to what is offered by Vanguard LifeStrategy where you choose your level of risk. Moneyfarm was active in Italy since 2011 but has only migrated here in April 2016 so still a young operator. I like their online presentation and might consider joining for diversification away from P2P. No fee for investment under £10,000 encourages a dip in. No fee for under 20k if you use the code above before 14/10/2016 Thanks for linking our overview wickedxuk we will be producing more content about MoneyFarm in due course, as well as comparing their product against other top UK robo-advisors. We are expanding our innovative product comparison to accommodate robo-advice...watch this space! In the meantime, please feel free to make any requests regarding key features/stats/metrics you would like to see compared as we build out this section of the Orca site. Thanks
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Investboy
Member of DD Central
Trying to recover from P2P revolution
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Post by Investboy on Oct 18, 2016 15:01:17 GMT
Sorry for my sore thumb comment but why not just set up an ISA with online shares account broker, set up monthly DD, and just invest it all in FTSE tracker or some sort other "balanced fund"
I'm of somewhat strong opinion that if you don't wan't to or can't manage your money someone will take advantage of it and relieve you of that burden (of having money).
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
Posts: 355
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Post by Neil_P2PBlog on Oct 18, 2016 15:23:15 GMT
Sorry for my sore thumb comment but why not just set up an ISA with online shares account broker, set up monthly DD, and just invest it all in FTSE tracker or some sort other "balanced fund" I'm of somewhat strong opinion that if you don't wan't to or can't manage your money someone will take advantage of it and relieve you of that burden (of having money). For one thing you'd save the transaction fees of buying/selling ETFs or a platform fee of say 0.3% pa to hold funds. I have been trailing this with the min requirements for their cashback offer. In theory I think the concept is great, especially if they allowed a bit more control. But in reality the problems are the fees over £10k/£20k, slow direct debits, and for me their fund performance has significantly lacked my own. From one email I got about what they were buying on my behalf it seems their foreign ETFs were hedged against falls in foreign currencies, which was bad with recent GBP movements and I wouldn't have done as I like to spread risks across as many pots as possible. If you were to set up a company that did the same as MF but more simply & transparently it would be perfect. They could have just 3 ETF products: FTSE 100, S&P and World. They could take all the orders that everyone wanted during the day and then execute the next morning in one go to wipe out transaction fees. As people bought and sold out of each product they could just cancel the corresponding transaction to wipe out stamp duty too. I imagine it is this that is going on in the back end of MF but with many more moving parts.
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Post by eascogo on Dec 6, 2016 17:28:47 GMT
... Fundsmith has a different investment strategy - well away from trackers - and that has paid handsomely [see their interesting Owner manual at www.fundsmith.co.uk/docs/default-source/documents---owners-manuals/owners-manual.pdf?sfvrsn=6. Charges are only marginally higher than Moneyfarm but for higher returns. Fundsmith place themselves at 5 on an ascending risk scale of 1 to 7; therefore not for the risk averse. I am likely to steer a number of past years' ISA trackers to them. I would think likely that a number of forumites are invested with Fundsmith. It would be good to hear their comments. ... Pleasure. I have invested with them in ISA and as part of my SIPP. All looks well run and the ISA accounts sends 6 monthly updates. It is also interesting looking at Terry Smiths news articles and company meeting videos (he is a huge vote leave fan). Also worth looking at the new Fundsmith Emerging Equity Trust which Terry believes will outperform his other funds over the next 10 years........... . All my ISAs are now with Fundsmith [T acc class] as at end Sept/begin Oct. Rapid movement: 5% down over the month. Just a blip I hope. Variation between one day and the next can be high, yo-yoing up and down. Of course I'm in this for the long term so no reason to think of selling. Are you in the same asset class, if not is your experience similar to mine?
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Balder
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Post by Balder on Dec 6, 2016 17:40:25 GMT
Pleasure. I have invested with them in ISA and as part of my SIPP. All looks well run and the ISA accounts sends 6 monthly updates. It is also interesting looking at Terry Smiths news articles and company meeting videos (he is a huge vote leave fan). Also worth looking at the new Fundsmith Emerging Equity Trust which Terry believes will outperform his other funds over the next 10 years........... . All my ISAs are now with Fundsmith [T acc class] as at end Sept/begin Oct. Rapid movement: 5% down over the month. Just a blip I hope. Variation between one day and the next can be high, yo-yoing up and down. Of course I'm in this for the long term so no reason to think of selling. Are you in the same asset class, if not is your experience similar to mine? Same. This is long term and depends when you join. Fundsmith1 in November was -3.2 but still this year is +24.7, so I expect it to drop more this year.
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