Stocks n Shares ISA

[Vinyl Score]

Just had a call from my personal wealth manager Advising me about a new product which is called something like a smooth investment, apparently it takes away the extremes of peaks and troughs in your investment anyone come across this and have any views on it

Just need to remember that bank "advisors" are sales people who are trying to peddle their own products. The only financial advice I would take is from someone independent of any financial institution. I have a chat once every couple of years with an IFA who is great.

Aye, all these products are exactly that, products, designed to create another layer of management that costs you the consumer. Yes, spreading investment over time is a risk management strategy, but why not just observe the market & invest during troughs like we had last year.

personal wealth manager = parasite riding off commissions/charges taken from your money.

I check in with and IFA every few years to confirm my DIY approach is still better than theirs.

One of my benchmarks is the car they drive. If it's better than mne they are charging too much.

I play golf with a St James Place franchisee. He won't talk to me about "wealth mangament" any more as I asked him to explain their charging structure.
5% of the value of my holdings to bring them under his umbrella, plus 2% per year to hold my money in one of their recommended funds (which also belong to them and charge another 1%).
No thank you.

Aye, it's almost the exact definition of The Middle Class, but TBF most people are clueless with money, including most Chancellors Of The Exchequer, and they need someone to help, at a cost.

 

[42]

personal wealth manager = parasite riding off commissions/charges taken from your money.

I check in with and IFA every few years to confirm my DIY approach is still better than theirs.

One of my benchmarks is the car they drive. If it's better than mne they are charging too much.

I play golf with a St James Place franchisee. He won't talk to me about "wealth mangament" any more as I asked him to explain their charging structure.
5% of the value of my holdings to bring them under his umbrella, plus 2% per year to hold my money in one of their recommended funds (which also belong to them and charge another 1%).
No thank you.

SJP regularly get slated on MSE for being a complete rip off.

 

[Billy Smart's Circus]

One of my benchmarks is the car they drive. If it's better than mne they are charging too much.

Or maybe they’ve done well for themselves by practicing what they preach?

 

[Slatz63]

Or maybe they’ve done well for themselves by practicing what they preach?

Which wealth management practitioner do you work for?

 

[Billy Smart's Circus]

Nailed it in one!

 

[Dun Scathach]

SJP regularly get slated on MSE for being a complete rip off.

Absolutely one to avoid in my experience. In the north east at least, they seem to be status symbol advisors for those without a clue.

 

[Deleted member 26533]

Not for my ISA stuff, but looking to transfer funds from a few of the basic platforms like EToro and 212 over to Interactive Brokers. Was wondering if it's possible to do, or if it's just a case of selling, withdrawing and repurchasing all of the shares?

 

[Select coaches]

Arcm , will be purchased sun a few weeks by American minerals . Uo from 4p to 8p on last month or so, talks of 25p once concluded

It this still a goer? Price creeping lower, tempted to put a few quid in.

 

[ReidysLeftLug]

Big red day, Tesla taking it... hoping to see 150+% on my Tesla 3x short again, 21% so far

 

[Chalks]

It this still a goer? Price creeping lower, tempted to put a few quid in.

Yeah defo, just games by the market makers to get themselves some shares. They are in sticky hands so the usual tricks

 

[wardleymackum]

I have just opened a Stocks and Shares ISA with Hargreaves Lansdown. I have deposited money into ac and now have to chose my investment or hold as cash. I have added Vanguard as fund Manager. Now asking for me to select a fund?

What is the difference between Life Strategy 60 % (Acc) and Life Strategy 60 (Inc)

 

[Deleted member 26533]

I have just opened a Stocks and Shares ISA with Hargreaves Lansdown. I have deposited money into ac and now have to chose my investment or hold as cash. I have added Vanguard as fund Manager. Now asking for me to select a fund?

What is the difference between Life Strategy 60 % (Acc) and Life Strategy 60 (Inc)

Acc means any dividends payment will be reinvested (accumulation) and Inc/dist means you will be paid dividends to your account in cash (income)

 

[wardleymackum]

Acc means any dividends payment will be reinvested (accumulation) and Inc/dist means you will be paid dividends to your account in cash (income)

Thanks for the reply.

So I need the the Acc so it stays in the account Yes?

 

[Deleted member 26533]

Thanks for the reply.

So I need the the Acc so it stays in the account Yes?

Dist/Inc will stay in the account, it's just for people who have a different strategy and want to collect cash rather than have it automatically reinvested in to more fund units. It should just appear as part of your available cash that isn't invested.

 

[wardleymackum]

Dist/Inc will stay in the account, it's just for people who have a different strategy and want to collect cash rather than have it automatically reinvested in to more fund units. It should just appear as part of your available cash that isn't invested.

Ok so I have put it into the Life Strategy 60 % (Acc) so it stay in and gets reinvested. That is correct yes?

 

[Hair Flick]

Ok so I have put it into the Life Strategy 60 % (Acc) so it stay in and gets reinvested. That is correct yes?

Yes

Yeah defo, just games by the market makers to get themselves some shares. They are in sticky hands so the usual tricks

What’s happening here? Seems they’ve issued new shares at 6.5p?

 

[wardleymackum]

Yes

Thanks mate. Any recommendations for medium risk to the tune of £30k

 

[42]

Thanks mate. Any recommendations for medium risk to the tune of £30k

Hoy £20k in VLS60 in 2 weeks time after new tax year

 

[Vinyl Score]

Yes

What’s happening here? Seems they’ve issued new shares at 6.5p?

You must be logged on to see external links

Are current shareholders allowed to buy these? it seems not?

 

[Hair Flick]

You must be logged on to see external links

Are current shareholders allowed to buy these? it seems not?

Doesn’t look like it, not till they’re trading on AIM on 30th March is how it reads.

“The Placing is not being underwritten and the Placing Shares are not being made available to the public.

Application will be made to London Stock Exchange plc for the Placing Shares to be admitted to trading on AIM. Subject to the satisfaction of the conditions referred to above, it is expected that Admission will be effective, and dealings in the Placing Shares will commence, at 8.00 a.m. on 30 March 2021.

The Placing Shares will, when issued, rank pari passu in all respects with each other and with the existing ordinary shares in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of the ordinary shares after the date of issue of the Placing Shares.”