littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Feb 21, 2017 16:11:07 GMT
I am trying to decide.
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archie
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Post by archie on Feb 21, 2017 16:20:39 GMT
I'd like a IFISA but it doesn't look as though any platform that I might want one on have enough time left to launch.
I voted S&S ISA for now.
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markr
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Post by markr on Feb 21, 2017 16:36:24 GMT
If you really mean 2016/17, my answer is "I've already used S&S". If you meant 2017/18, then it's "I'll wait for another (more mainstream) platform".
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Post by Deleted on Feb 21, 2017 17:03:06 GMT
Got in early doors with Lending Works at 4.7%
Didn't use my entire years allowance though, some also in S&S and some in cash hoping to transfer to other platforms as they launch in 17/18.
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Balder
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Post by Balder on Feb 21, 2017 17:53:52 GMT
With all the IFISA rates being so low I can't really see the attraction. I will continue a long term position with Fundsmith.
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pom
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Post by pom on Feb 21, 2017 18:22:32 GMT
Invested mine in S&S on Apr 6th. Plan for next year is currently some in LW, some in S&S and then maybe/hopefully use a maturing cash ISA to transfer into a couple of other sites if they get their authorisations (not currently fancying any of the rest of the live crop but never say never..)
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oldgrumpy
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Post by oldgrumpy on Feb 21, 2017 18:47:39 GMT
I'll probably drop it into S&S holding account, then wait until the FTSE etc drops off before actually investing. 0.0% isn't too much below 0.25 or 0.5% if it doesn't last too long and I'll be ready to leap if Pres Chump does something very silly ... again - excommunicating California  . Can't see a decent IFISA coming on line before April 5. The powers that be seem to be deliberately holding up the main P2P platforms as long as possible. |
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stevio
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Post by stevio on Feb 21, 2017 21:20:00 GMT
With all the IFISA rates being so low I can't really see the attraction. I will continue a long term position with Fundsmith. Whats with Fundsmith, everyone seems to love them, or is it just flavor of the month?
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baldpate
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Post by baldpate on Feb 21, 2017 22:29:15 GMT
Already overweight in Cash ISas & S&S ISAs from previous years, so all free cash this year has been committed to non-ISA P2P. I have just dipped a toe (left distal phalange only) of 2016/17 allowance into Landlord Invest. I shall only consider a substantial IFISA investment when a more established player is able to make an offering - I just wish the regulator would stop this ceaseless consulting, and get its finger out!
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fp
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Post by fp on Feb 21, 2017 22:59:45 GMT
I'm using landlordinvest, 9 and 11% offerings so far.
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Monetus
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Post by Monetus on Feb 22, 2017 7:13:43 GMT
FundSmith
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Feb 22, 2017 12:14:45 GMT
With all the IFISA rates being so low I can't really see the attraction. I will continue a long term position with Fundsmith. Whats with Fundsmith, everyone seems to love them, or is it just flavor of the month? Smith started the fund at the bottom of the market after the 1988 crash (correction 2008 thks eascogo ). Anyone smart enough to start at that time could not fail to do well. And anyone buying the fund in the early days has made a lot of money. But buying into the fund now has no special attraction AFAICS. Past performance is no guide etc
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nick
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Post by nick on Feb 22, 2017 15:30:44 GMT
Whats with Fundsmith, everyone seems to love them, or is it just flavor of the month? Smith started the fund at the bottom of the market after the 1988 crash. Anyone smart enough to start at that time could not fail to do well. And anyone buying the fund in the early days has made a lot of money. But buying into the fund now has no special attraction AFAICS. Past performance is no guide etc Fundsmith has had a very strong run on the back of a concentrated defensive portfolio, particularly in consumer staples. However, with normalisation of interest rates becoming increasingly likely, I fear that high yielding defensive stocks could be hit hard and we may see a reversal of the bondification of equities if there is a steep rise in bond yields. This has led me to start re-balancing my portfolio away from defensive and into more value and cyclical orientated funds. Fundsmith was one of my core fund holdings since its launch in 2010, but I have been slowing selling down over the past month or so to reduce my exposure to defensives. Something worth thinking about before placing too many of your eggs in one basket......
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Post by eascogo on Feb 22, 2017 20:32:11 GMT
Whats with Fundsmith, everyone seems to love them, or is it just flavor of the month? Smith started the fund at the bottom of the market after the 1988 crash. Anyone smart enough to start at that time could not fail to do well. And anyone buying the fund in the early days has made a lot of money. But buying into the fund now has no special attraction AFAICS. Past performance is no guide etc . On the other hand past performance should not be ignored altogether. Fundsmith was established in 2010 so well after the 1988 crash. I think you meant the 2008 crash. Fundsmith has consistently beaten the global large-cap track record from inception five years ago ( funds.ft.com/uk/Tearsheet/Summary?s=GB00B4Q5X527:GBP). I sure have done well since investing 100 days ago at 290p, now up to 312p per share as of today (311.95p to be exact). A large proportion of their portfolio is in US companies so the £/$ exchange dip has helped. To be fair fluctuations over the 100 days since I invested have been quite wide so what looks great at the moment may not last. Edit: Gone up to 320p per share as of 02/03/2017.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Feb 22, 2017 21:56:33 GMT
Thanks for pointing out my typo eascogo. A sign of my age! It is every fund manager's dream to start a new fund after a crash and at the start of a prolonged bull market. Full marks to Smith for doing just that. It's not only the fact that the market goes up, a new fund has other advantages over invested funds. At present IMO the fund is fairly priced, but not a particular bargain. |
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. Can't see a decent IFISA coming on line before April 5. The powers that be seem to be deliberately holding up the main P2P platforms as long as possible.
