Investment Trusts
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 JohnB  25 Jan 16 3.17pm |
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I'm looking at starting to invest in an investment trust, probably with some someone like Fidelity. I am by no means an expert in the finance world, so was wondering if anyone on here has any recommendations. I'm not adverse to risk and I know the market isn't in the best place at the moment but figured that potentially I can get more for my money if the market does fall slightly given that I am not looking to make a quick buck, but a long term investment.
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| sxp55 South Norwood 25 Jan 16 3.30pm |
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Well i work for Fidelity and right now your best bet is to steer clear.
@sxp55555 |
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| JohnB 25 Jan 16 3.35pm |
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Haha oh right OK. I was looking at something like your Fidelity Multi Asset Growth Fund. Why would you suggest steering clear? Does it make a difference if I was investing with the intention of not taking anything out for at least 15 years. I've always wanted to know how to understand this kind of stuff but not really sure where to start.
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| Jamesey Wandsworth 25 Jan 16 3.42pm |
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Quote JohnB at 25 Jan 2016 3.17pm
I'm looking at starting to invest in an investment trust, probably with some someone like Fidelity. I am by no means an expert in the finance world, so was wondering if anyone on here has any recommendations. I'm not adverse to risk and I know the market isn't in the best place at the moment but figured that potentially I can get more for my money if the market does fall slightly given that I am not looking to make a quick buck, but a long term investment. Get yourself a good financial adviser. He gets his cut off your investments but as long as he's not a complete idiot we have found it pays off especially if it's an area where you don't really understand the rules of the game. You can invest in a fund at whatever degree of risk you choose from "terrified of losing" to "too good to be true and will probably lose the bloody lot".
Nothing is fool-proof - fools are too ingenious |
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| Hoof Hearted 25 Jan 16 3.47pm | |
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Why would you limit yourself to Fidelity? Hargreaves Lansdown would probably be cheaper and easier to get you access to loads more funds and equities. You don't have to steer clear right now. Look at CF Woodford Equity Income Fund The track record of the fund manager Neil Woodford is pretty good. You can diversify your holdings at any time, or go into cash. Have you used up your ISA allowance? If not no reason why you wouldn't access the funds you want via a stocks/shares ISA... again HL are good at this.
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| JohnB 25 Jan 16 4.11pm |
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Quote Hoof Hearted at 25 Jan 2016 3.47pm
Why would you limit yourself to Fidelity? Hargreaves Lansdown would probably be cheaper and easier to get you access to loads more funds and equities. You don't have to steer clear right now. Look at CF Woodford Equity Income Fund The track record of the fund manager Neil Woodford is pretty good. You can diversify your holdings at any time, or go into cash. Have you used up your ISA allowance? If not no reason why you wouldn't access the funds you want via a stocks/shares ISA... again HL are good at this. Thanks. To be honest, I'm not limiting myself to anything. Right now I don't know enough to make an informed decision. Ideally I'd get a few responses like yours and then I will go away and research everything and make a decision based on that but I find it helps to just ask about.
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| Stuk Top half 25 Jan 16 4.16pm |
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Quote Hoof Hearted at 25 Jan 2016 3.47pm
Why would you limit yourself to Fidelity? Hargreaves Lansdown would probably be cheaper and easier to get you access to loads more funds and equities. Look at CF Woodford Equity Income Fund The track record of the fund manager Neil Woodford is pretty good. You can diversify your holdings at any time, or go into cash. Have you used up your ISA allowance? If not no reason why you wouldn't access the funds you want via a stocks/shares ISA... again HL are good at this. They will chuck a barrage of mail shots and emails at you however.
Optimistic as ever |
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| sxp55 South Norwood 25 Jan 16 4.32pm |
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pending on how much you invest - HL are not cheaper.
@sxp55555 |
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| the_mcanuff_stuff Caterham 25 Jan 16 4.33pm |
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Quote JohnB at 25 Jan 2016 4.11pm
Quote Hoof Hearted at 25 Jan 2016 3.47pm
Why would you limit yourself to Fidelity? Hargreaves Lansdown would probably be cheaper and easier to get you access to loads more funds and equities. You don't have to steer clear right now. Look at CF Woodford Equity Income Fund The track record of the fund manager Neil Woodford is pretty good. You can diversify your holdings at any time, or go into cash. Have you used up your ISA allowance? If not no reason why you wouldn't access the funds you want via a stocks/shares ISA... again HL are good at this. Thanks. To be honest, I'm not limiting myself to anything. Right now I don't know enough to make an informed decision. Ideally I'd get a few responses like yours and then I will go away and research everything and make a decision based on that but I find it helps to just ask about. Couple of things, you can invest in tons of non-Fidelity funds via Fidelity. Also, why are you looking at funds? If it is to spread risk, I would also consider an ETF, which doesn't have the fees, but is of course not "managed". The markets have just scrubbed I don't know what % off their value so now may actually be a good time to get in.
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| mezzer Main Stand, Block F, Row 20 seat 1... 25 Jan 16 4.49pm |
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I'd suggest Worldwide Healthcare Trust or Biotech Growth. Themes that aren't going away and run by people who understand their niche markets. Oh, and volatile. So be prepared to see your investment drop by 25% from time to time. If you've made 200% then it's not an issue. If you've just invested, it hurts and will make you feel like selling up and crystallising your losses.
Living down here does have some advantages. At least you can see them cry. |
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| Hoof Hearted 26 Jan 16 11.36am | |
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Originally posted by sxp55
pending on how much you invest - HL are not cheaper. You get a lot for your money though. Unbiased helpful advice for one. Go on their website and look at "5 shares for 2015"... this advice would have made you a 65% profit last year. They've published a 2016 update too. They publish helpful articles all the time. Do Fidelity allow you to buy equities as well as funds? If they do - what do they charge? HL's trades are £11.95 which is pretty cheap. I'm an ex (retired) IFA and use HL's facilities now a lot for myself and close family's ISA/SIPP portfolios - because you get great research/information, reliable state of the art real time prices on the portfolios and all at a reasonable cost, plus loyalty bonuses for regular trading. Seriously for the amateur trader you cannot beat their site in my opinion.
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| JohnB 02 Feb 16 2.56pm |
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Originally posted by Hoof Hearted
Why would you limit yourself to Fidelity? Hargreaves Lansdown would probably be cheaper and easier to get you access to loads more funds and equities. You don't have to steer clear right now. Look at CF Woodford Equity Income Fund The track record of the fund manager Neil Woodford is pretty good. You can diversify your holdings at any time, or go into cash. Have you used up your ISA allowance? If not no reason why you wouldn't access the funds you want via a stocks/shares ISA... again HL are good at this. After speaking to a few people and doing some more research I ended up going for the CF Woodford Equity Income Fund. Thanks for the suggestion and so far it's only gone up in value! I've made a tenner in a week, I may just retire now!
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