|
|
Moneyfarm
Jan 25, 2017 22:58:10 GMT
via mobile
Post by Deleted on Jan 25, 2017 22:58:10 GMT
In my eagerness to discover the world of p2p and in doing so keep my pennies moderately accessible I've realised I'm really overlooking longer term investments and the entire field of S&S ISAS.
I'm looking to correct this and am verging on diving in with Moneyfarm.
Can anyone offer any first hand experience of investing with them?
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,308 
Likes: 11,519
|
Post by ilmoro on Jan 25, 2017 23:08:55 GMT
In my eagerness to discover the world of p2p and in doing so keep my pennies moderately accessible I've realised I'm really overlooking longer term investments and the entire field of S&S ISAS. I'm looking to correct this and am verging on diving in with Moneyfarm. Can anyone offer any first hand experience of investing with them? might be your man p2pindependentforum.com/post/144551/thread
|
|
Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
Posts: 355
Likes: 209
|
Moneyfarm
Jan 26, 2017 0:09:24 GMT
via mobile
Post by Neil_P2PBlog on Jan 26, 2017 0:09:24 GMT
|
|
r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
|
Post by r00lish67 on Jan 26, 2017 8:23:36 GMT
Don't forget to avail yourself of the (at the time of writing) £132 you'll receive in cashback from quidco for signing up via them.. Edit: For anyone mad enough to not yet be a Quidco member, feel free to PM me for a referral. Will go 50/50 on the referral dosh  |
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Jan 26, 2017 8:41:29 GMT
Fees look expensive for anyone investing more than about £20k. My fund supermarket of choice (which is TrustNet Direct, but there are others in the same ballpark) charges 0.25%pa up to a maximum capped at £200pa. On holdings of £80k (ie. the cap threshold), that's £200 versus £420 with Moneyfarm. On holdings of £500k (say), that's still £200 versus £2140 for Moneyfarm!
|
|
|
|
Post by Deleted on Jan 26, 2017 12:52:37 GMT
Believe it or not that's exactly how I came across them!! You should get yourself some stars and a representative of your website title on the forum as others do, drive some extra traffic in your direction. 😎
|
|
|
|
Moneyfarm
Jan 26, 2017 12:53:45 GMT
via mobile
Post by Deleted on Jan 26, 2017 12:53:45 GMT
Don't forget to avail yourself of the (at the time of writing) £132 you'll receive in cashback from quidco for signing up via them.. Edit: For anyone mad enough to not yet be a Quidco member, feel free to PM me for a referral. Will go 50/50 on the referral dosh I'm an avid Quidco user but I hadn't thought to look. This is a substantial tempter to try them out! Cheers
|
|
|
|
Moneyfarm
Jan 26, 2017 13:29:10 GMT
via mobile
Post by Deleted on Jan 26, 2017 13:29:10 GMT
Fees look expensive for anyone investing more than about £20k. My fund supermarket of choice (which is TrustNet Direct, but there are others in the same ballpark) charges 0.25%pa up to a maximum capped at £200pa. On holdings of £80k (ie. the cap threshold), that's £200 versus £420 with Moneyfarm. On holdings of £500k (say), that's still £200 versus £2140 for Moneyfarm! At this point I won't have more than 20k to commit so I can always look at other platforms in the future when this changes. I'm also looking for something hands off which chooses my portfolio based on my choice of risk, I assume Trustnet leaves things more in your hands? Also what is the cap threshold of 80k you refer to?
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Moneyfarm
Jan 26, 2017 13:33:27 GMT
via mobile
Post by SteveT on Jan 26, 2017 13:33:27 GMT
Yes, Trustnet Direct (and equivalents) are execution only.
All I meant is that their £200 annual fees cap is reached at £80k holdings (£80k x 0.25% = £200)
|
|
|
|
Post by nanniema on Jan 26, 2017 20:48:46 GMT
Don't forget to avail yourself of the (at the time of writing) £132 you'll receive in cashback from quidco for signing up via them.. Edit: For anyone mad enough to not yet be a Quidco member, feel free to PM me for a referral. Will go 50/50 on the referral dosh Or £138 from Top Cashback - £1500 + initial deposit and £150+ monthly direct debit - minimum 3 months investment.
|
|
|
|
Post by wickedxuk on Jan 27, 2017 0:08:48 GMT
In my eagerness to discover the world of p2p and in doing so keep my pennies moderately accessible I've realised I'm really overlooking longer term investments and the entire field of S&S ISAS. I'm looking to correct this and am verging on diving in with Moneyfarm. Can anyone offer any first hand experience of investing with them? might be your man p2pindependentforum.com/post/144551/thread some good advice here already... I signed up using the 20k Managed Free link and have an ISA for both me and the wife. No complaints and I'm happy with the portfolio they have created and how they have rebalanced it. I have a SIPP that I manage myself (bestinvest @ 0.3%) and the moneyfarm portfolio is nicely diversified from my SIPP too. I've communicated with them a few times via email and always had responses and they have been very helpful. No issues and overall in summary I'm happy. If you want a managed passive portfolio I cant really say anything bad about them. One thing I do like is they are really transparent. They give you full details of what they have invested in with full share and fund details. If you wanted you could copy the portfolio into a self managed ISA once you've reached the 20k limit...you would just need to keep.on top of rebalancing every now and again I guess.
|
|
|
|
Post by jonboy73 on Jan 27, 2017 8:37:11 GMT
I used TCB, many complaints of not tracking/paying out. mine didn't track but a claim seems to have it resolved, although yet to actually pay out.
They use Gocardless, DD's seem to take a long time to process, 4-5 days from leaving my bank to being invested.
I only intend to throw £10k over this year to stay below the fees (was £10k limit when I applied not the £20k some seem to get).
Overall relatively painless, looks expensive for larger amounts. I did it for a little diversification away from my self picked gambles.
They quiz you and rate you as to what type of investor you are and recommend a portfolio based on that although you can decide for yourself.
can't say much more than that, but feel free to ask...
(portfolio is up about 3%)
|
|
r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
|
Post by r00lish67 on Jan 27, 2017 8:40:45 GMT
It's all working ok for me too (my cashback also didn't track initially btw, although now paid). My only concern is that if we're all intending to keep our investments below £10k, where do they make their money?  I think most investors happy to go with the product also understand they could probably just buy Vanguard lifestrategy or a self-balanced portfolio. Although even if they go bust, I'm sure we'd be able to retrieve our full investments eventually. Edit: Or they might do something really irritating like introduce the same fees for under £10k as for above down the line. |
|
|
|
Post by wickedxuk on Jun 29, 2017 15:54:24 GMT
20K managed free back again: www.moneysupermarket.com/investments/stocks-shares-isas/MONEYFARM Stocks And Shares ISA GO TO SITE Minimum Investment: You can get started with a Moneyfarm ISA from just £1 Transfer in existing ISAs: Yes - Transfer into your ISA at any point Charges/Fees/Costs: Management fees range between 0.0% - 0.6%, fund costs: 0.25%, no management fee on the first £10,000 invested. First £20,000 managed free for MoneySupermarket customers who enter code ‘ MS20K ‘ at the end of signup. No exit fees, no setup fees, no trading fees Account Management: Moneyfarm builds your Stocks and Shares ISA by creating you a risk profile, then advising on the type of investments that are best suited to you based on your tolerance to risk and investment objectives. You just need to invest and Moneyfarm do the rest for you. Invest a lump-sum or build your portfolio over time with a Direct Debit. Signup or access your account via your smartphone (iOS, Android apps) or desktop Customer Service Provision: Get in touch with Moneyfarm via online chat, email or you can call and speak to an Investment Consultant to help with anything Your capital is at risk, please be aware the value of your investment can go down as well as up and you may get back less than you invest. EXCLUSIVE FIRST £20,000 MANAGED FREE FOR MONEYSUPERMARKET CUSTOMERS. ENTER CODE 'MS20K' AT THE END OF THE SIGNUP PROCES |
|
I think most investors happy to go with the product also understand they could probably just buy Vanguard lifestrategy or a self-balanced portfolio.