Haven't been on for a while and notice the interest in alternatives to HL. I finally switched to them this year, having been a customer since 1991. I've moved to Interactive Brokers, the US discount broker.
Main benefits - lower/comporable admin fees, despite having to pay a separate SIPP administrator - lower trading commissions - typically £3 for a UK stock, usually $1 for US and sometimes free, no minimum volume - much, much lower fx costs - they effectively allow you to run a multi-currency account and switch between ccys at bank rate; Consequently, I'm still booking US trades at $1.30/£; and, e.g. buying, say, 10k of Microsoft for $1.02 fees all in. - decent interest on cash balances; e.g I've been getting 4.83% on dollar deposits for months - diret market access means I generally get a much better price than I would via HL (thought see below) - incredible reporting and risk management - professional level but easy to understand, e,g. will chart your holdings allocations again a benchmark and show where you are out- and under-performing that benchmark on a really easy to understand 2-d chart - proper performance reporting and all sorts of nuggets like it will project your dividend income and give you bundled access to all sorts of fundamental analysis and news
Disadvantages - you have to wait the 2 days for a stock to clear and settle before you can use that cash - a lot of people might find the interface complicated, though the web interface I think is pretty clear (difficult one for me to judge, as I spent most of my adult life designing and building trading systems) - having to set up a separate SIPP admin - aggro initially but worth it in the end - some illiquid UK stocks are a little clunky to trade - direct market orders can sit there all day; whereas HL (and IG) take on the risk on your behalf immediately. - you have to pay for market data, but then the data is better and it's always been refunded with maybe 2-3 trades a month.
I also use Interactive Brokers (as well as Swissquote in Lux) and they are pretty good, but one thing to keep in mind is the $60K threshold for cash and/or US domiciled stocks/funds. Once you go over this figure you can be liable for taxation on your estate, ie. if you die you will be taxed as if you were a US resident.
Any opinions of Nutmeg (jp) thinking about using as bank entirely with Chase so ease of access. If not any decent alternatives out there or best to stick with saver rates atm?
Haven't been on for a while and notice the interest in alternatives to HL. I finally switched to them this year, having been a customer since 1991. I've moved to Interactive Brokers, the US discount broker.
Main benefits - lower/comporable admin fees, despite having to pay a separate SIPP administrator - lower trading commissions - typically £3 for a UK stock, usually $1 for US and sometimes free, no minimum volume - much, much lower fx costs - they effectively allow you to run a multi-currency account and switch between ccys at bank rate; Consequently, I'm still booking US trades at $1.30/£; and, e.g. buying, say, 10k of Microsoft for $1.02 fees all in. - decent interest on cash balances; e.g I've been getting 4.83% on dollar deposits for months - diret market access means I generally get a much better price than I would via HL (thought see below) - incredible reporting and risk management - professional level but easy to understand, e,g. will chart your holdings allocations again a benchmark and show where you are out- and under-performing that benchmark on a really easy to understand 2-d chart - proper performance reporting and all sorts of nuggets like it will project your dividend income and give you bundled access to all sorts of fundamental analysis and news
Disadvantages - you have to wait the 2 days for a stock to clear and settle before you can use that cash - a lot of people might find the interface complicated, though the web interface I think is pretty clear (difficult one for me to judge, as I spent most of my adult life designing and building trading systems) - having to set up a separate SIPP admin - aggro initially but worth it in the end - some illiquid UK stocks are a little clunky to trade - direct market orders can sit there all day; whereas HL (and IG) take on the risk on your behalf immediately. - you have to pay for market data, but then the data is better and it's always been refunded with maybe 2-3 trades a month.
I also use Interactive Brokers (as well as Swissquote in Lux) and they are pretty good, but one thing to keep in mind is the $60K threshold for cash and/or US domiciled stocks/funds. Once you go over this figure you can be liable for taxation on your estate, ie. if you die you will be taxed as if you were a US resident.
I wasn't aware of that. Are you sure that applies to a UK registered SIPP? Would seem unlikely but would need to check to be sure.
Haven't been on for a while and notice the interest in alternatives to HL. I finally switched to them this year, having been a customer since 1991. I've moved to Interactive Brokers, the US discount broker.
Main benefits - lower/comporable admin fees, despite having to pay a separate SIPP administrator - lower trading commissions - typically £3 for a UK stock, usually $1 for US and sometimes free, no minimum volume - much, much lower fx costs - they effectively allow you to run a multi-currency account and switch between ccys at bank rate; Consequently, I'm still booking US trades at $1.30/£; and, e.g. buying, say, 10k of Microsoft for $1.02 fees all in. - decent interest on cash balances; e.g I've been getting 4.83% on dollar deposits for months - diret market access means I generally get a much better price than I would via HL (thought see below) - incredible reporting and risk management - professional level but easy to understand, e,g. will chart your holdings allocations again a benchmark and show where you are out- and under-performing that benchmark on a really easy to understand 2-d chart - proper performance reporting and all sorts of nuggets like it will project your dividend income and give you bundled access to all sorts of fundamental analysis and news
Disadvantages - you have to wait the 2 days for a stock to clear and settle before you can use that cash - a lot of people might find the interface complicated, though the web interface I think is pretty clear (difficult one for me to judge, as I spent most of my adult life designing and building trading systems) - having to set up a separate SIPP admin - aggro initially but worth it in the end - some illiquid UK stocks are a little clunky to trade - direct market orders can sit there all day; whereas HL (and IG) take on the risk on your behalf immediately. - you have to pay for market data, but then the data is better and it's always been refunded with maybe 2-3 trades a month.
I also use Interactive Brokers (as well as Swissquote in Lux) and they are pretty good, but one thing to keep in mind is the $60K threshold for cash and/or US domiciled stocks/funds. Once you go over this figure you can be liable for taxation on your estate, ie. if you die you will be taxed as if you were a US resident.
That’s quite a big drawback.
As suspected, as with other tax aspects, the US recognises UK tax wrappers, else they wouldn't be able to market them here (e.g. no withholding tax on dividends, etc. You have to fill out a W8-BEN form for that but that's true even if you are with HL) As an aside, IB even shows you exactly which custody bank is holding which investment, which is an interesting level of transparency.
Done a little review and have taken a bit of a hammering in my UK real estate fund, asleep at the wheel to not see that one coming... Think it's a case of get out whilst there's still a chance?
Give us some numbers?
Talking -18% last year, -10% year before that, -22% last 12 months. Stinker
What fund are you in ? As I said, last 12-18 months have been bad for UK property funds, but before then some were doing really well. My main recommended fund was L&G property which had made gains in most years since 2016. Some funds have closed completely and its taken over a year to get the money out.
abrdn UK Real Estate Share Fund is the one that I'm talking about above.
Gut reaction is that it's followed the base rate pretty closely so should have bottomed out (if you think BoE won't raise it more/much more) and will have the upcoming housing market slump priced in as people trickle off their 2-year fixes... Doesn't explain the poor performance before that though.
Still, just my own amateur opinions and the track record over the past 12-18months is woeful which shows you what I know - mainly because of this mob and UK small companies (Ninety One UK Smaller Companies I Acc Net GBP).
Done a little review and have taken a bit of a hammering in my UK real estate fund, asleep at the wheel to not see that one coming... Think it's a case of get out whilst there's still a chance?
Give us some numbers?
Talking -18% last year, -10% year before that, -22% last 12 months. Stinker
What fund are you in ? As I said, last 12-18 months have been bad for UK property funds, but before then some were doing really well. My main recommended fund was L&G property which had made gains in most years since 2016. Some funds have closed completely and its taken over a year to get the money out.
abrdn UK Real Estate Share Fund is the one that I'm talking about above.
Gut reaction is that it's followed the base rate pretty closely so should have bottomed out (if you think BoE won't raise it more/much more) and will have the upcoming housing market slump priced in as people trickle off their 2-year fixes... Doesn't explain the poor performance before that though.
Still, just my own amateur opinions and the track record over the past 12-18months is woeful which shows you what I know - mainly because of this mob and UK small companies (Ninety One UK Smaller Companies I Acc Net GBP).
The main reason is that you are in a fund that invests in property companies and NOT in property itself. Also it has nothing to do with base rates, simply the companies that Aberdeen invest in.
If you are investing into a property fund you need to be investing into a fund that invests directly into bricks & mortar - usually in this case Funds will be invested into Retail Parks, High Street shops & offices and some companies invest into Student lets & rental properties.
I have to ask - why did you invest into this fund ? The only reason why you should be investing into property is as a diversifier. And, as I said above, property in this case is physical property and not property company shares.
Aberdeen do a physical property fund. Same name as the one you are inversed in, just without the "shares" at the end.
Done a little review and have taken a bit of a hammering in my UK real estate fund, asleep at the wheel to not see that one coming... Think it's a case of get out whilst there's still a chance?
Give us some numbers?
Talking -18% last year, -10% year before that, -22% last 12 months. Stinker
What fund are you in ? As I said, last 12-18 months have been bad for UK property funds, but before then some were doing really well. My main recommended fund was L&G property which had made gains in most years since 2016. Some funds have closed completely and its taken over a year to get the money out.
abrdn UK Real Estate Share Fund is the one that I'm talking about above.
Gut reaction is that it's followed the base rate pretty closely so should have bottomed out (if you think BoE won't raise it more/much more) and will have the upcoming housing market slump priced in as people trickle off their 2-year fixes... Doesn't explain the poor performance before that though.
Still, just my own amateur opinions and the track record over the past 12-18months is woeful which shows you what I know - mainly because of this mob and UK small companies (Ninety One UK Smaller Companies I Acc Net GBP).
The main reason is that you are in a fund that invests in property companies and NOT in property itself. Also it has nothing to do with base rates, simply the companies that Aberdeen invest in.
If you are investing into a property fund you need to be investing into a fund that invests directly into bricks & mortar - usually in this case Funds will be invested into Retail Parks, High Street shops & offices and some companies invest into Student lets & rental properties.
I have to ask - why did you invest into this fund ? The only reason why you should be investing into property is as a diversifier. And, as I said above, property in this case is physical property and not property company shares.
Aberdeen do a physical property fund. Same name as the one you are inversed in, just without the "shares" at the end.
To be honest, a mate who started out as a financial advisor set me up early-mid 2010's - comfortable 10-14% annualised return for a long while so didn't question any of the funds.
Only now it's got a bit hairy and the rationale for the portfolio is anyone's guess - except its meant to be med-high risk. Might inbox you if that's alright so to not derail the thread too much!
Done a little review and have taken a bit of a hammering in my UK real estate fund, asleep at the wheel to not see that one coming... Think it's a case of get out whilst there's still a chance?
Give us some numbers?
Talking -18% last year, -10% year before that, -22% last 12 months. Stinker
What fund are you in ? As I said, last 12-18 months have been bad for UK property funds, but before then some were doing really well. My main recommended fund was L&G property which had made gains in most years since 2016. Some funds have closed completely and its taken over a year to get the money out.
abrdn UK Real Estate Share Fund is the one that I'm talking about above.
Gut reaction is that it's followed the base rate pretty closely so should have bottomed out (if you think BoE won't raise it more/much more) and will have the upcoming housing market slump priced in as people trickle off their 2-year fixes... Doesn't explain the poor performance before that though.
Still, just my own amateur opinions and the track record over the past 12-18months is woeful which shows you what I know - mainly because of this mob and UK small companies (Ninety One UK Smaller Companies I Acc Net GBP).
The main reason is that you are in a fund that invests in property companies and NOT in property itself. Also it has nothing to do with base rates, simply the companies that Aberdeen invest in.
If you are investing into a property fund you need to be investing into a fund that invests directly into bricks & mortar - usually in this case Funds will be invested into Retail Parks, High Street shops & offices and some companies invest into Student lets & rental properties.
I have to ask - why did you invest into this fund ? The only reason why you should be investing into property is as a diversifier. And, as I said above, property in this case is physical property and not property company shares.
Aberdeen do a physical property fund. Same name as the one you are inversed in, just without the "shares" at the end.
To be honest, a mate who started out as a financial advisor set me up early-mid 2010's - comfortable 10-14% annualised return for a long while so didn't question any of the funds.
Only now it's got a bit hairy and the rationale for the portfolio is anyone's guess - except its meant to be med-high risk. Might inbox you if that's alright so to not derail the thread too much!
Yes, thanks for the DM.
This is not only to you but anyone else who is invested in funds - they should be regularly reviewed. Not only for performance but to see if your overall "portfolio" still meets your attitude to risk.
Even over the past 18 months funds that were previously "top dogs" are now going backwards rapidly. Big tech stocks in the US went ballistic after the pandemic then fell out of favour last year. Equity income funds did well last year but are now been overtaken by Growth funds. As for Bonds.....just a complete nitemare atm.
Done a little review and have taken a bit of a hammering in my UK real estate fund, asleep at the wheel to not see that one coming... Think it's a case of get out whilst there's still a chance?
Give us some numbers?
Talking -18% last year, -10% year before that, -22% last 12 months. Stinker
What fund are you in ? As I said, last 12-18 months have been bad for UK property funds, but before then some were doing really well. My main recommended fund was L&G property which had made gains in most years since 2016. Some funds have closed completely and its taken over a year to get the money out.
abrdn UK Real Estate Share Fund is the one that I'm talking about above.
Gut reaction is that it's followed the base rate pretty closely so should have bottomed out (if you think BoE won't raise it more/much more) and will have the upcoming housing market slump priced in as people trickle off their 2-year fixes... Doesn't explain the poor performance before that though.
Still, just my own amateur opinions and the track record over the past 12-18months is woeful which shows you what I know - mainly because of this mob and UK small companies (Ninety One UK Smaller Companies I Acc Net GBP).
The main reason is that you are in a fund that invests in property companies and NOT in property itself. Also it has nothing to do with base rates, simply the companies that Aberdeen invest in.
If you are investing into a property fund you need to be investing into a fund that invests directly into bricks & mortar - usually in this case Funds will be invested into Retail Parks, High Street shops & offices and some companies invest into Student lets & rental properties.
I have to ask - why did you invest into this fund ? The only reason why you should be investing into property is as a diversifier. And, as I said above, property in this case is physical property and not property company shares.
Aberdeen do a physical property fund. Same name as the one you are inversed in, just without the "shares" at the end.
To be honest, a mate who started out as a financial advisor set me up early-mid 2010's - comfortable 10-14% annualised return for a long while so didn't question any of the funds.
Only now it's got a bit hairy and the rationale for the portfolio is anyone's guess - except its meant to be med-high risk. Might inbox you if that's alright so to not derail the thread too much!
Yes, thanks for the DM.
This is not only to you but anyone else who is invested in funds - they should be regularly reviewed. Not only for performance but to see if your overall "portfolio" still meets your attitude to risk.
Even over the past 18 months funds that were previously "top dogs" are now going backwards rapidly. Big tech stocks in the US went ballistic after the pandemic then fell out of favour last year. Equity income funds did well last year but are now been overtaken by Growth funds. As for Bonds.....just a complete nitemare atm.
A "regular review" is what keeps advisers in business and results in 90% of investors getting in at the top and selling at the bottom.
Done a little review and have taken a bit of a hammering in my UK real estate fund, asleep at the wheel to not see that one coming... Think it's a case of get out whilst there's still a chance?
Give us some numbers?
Talking -18% last year, -10% year before that, -22% last 12 months. Stinker
What fund are you in ? As I said, last 12-18 months have been bad for UK property funds, but before then some were doing really well. My main recommended fund was L&G property which had made gains in most years since 2016. Some funds have closed completely and its taken over a year to get the money out.
abrdn UK Real Estate Share Fund is the one that I'm talking about above.
Gut reaction is that it's followed the base rate pretty closely so should have bottomed out (if you think BoE won't raise it more/much more) and will have the upcoming housing market slump priced in as people trickle off their 2-year fixes... Doesn't explain the poor performance before that though.
Still, just my own amateur opinions and the track record over the past 12-18months is woeful which shows you what I know - mainly because of this mob and UK small companies (Ninety One UK Smaller Companies I Acc Net GBP).
The main reason is that you are in a fund that invests in property companies and NOT in property itself. Also it has nothing to do with base rates, simply the companies that Aberdeen invest in.
If you are investing into a property fund you need to be investing into a fund that invests directly into bricks & mortar - usually in this case Funds will be invested into Retail Parks, High Street shops & offices and some companies invest into Student lets & rental properties.
I have to ask - why did you invest into this fund ? The only reason why you should be investing into property is as a diversifier. And, as I said above, property in this case is physical property and not property company shares.
Aberdeen do a physical property fund. Same name as the one you are inversed in, just without the "shares" at the end.
To be honest, a mate who started out as a financial advisor set me up early-mid 2010's - comfortable 10-14% annualised return for a long while so didn't question any of the funds.
Only now it's got a bit hairy and the rationale for the portfolio is anyone's guess - except its meant to be med-high risk. Might inbox you if that's alright so to not derail the thread too much!
Yes, thanks for the DM.
This is not only to you but anyone else who is invested in funds - they should be regularly reviewed. Not only for performance but to see if your overall "portfolio" still meets your attitude to risk.
Even over the past 18 months funds that were previously "top dogs" are now going backwards rapidly. Big tech stocks in the US went ballistic after the pandemic then fell out of favour last year. Equity income funds did well last year but are now been overtaken by Growth funds. As for Bonds.....just a complete nitemare atm.
A "regular review" is what keeps advisers in business and results in 90% of investors getting in at the top and selling at the bottom.
Yeah, we are the lowest of the low. Even below that of double glazing salesmen & Estate Agents. How do we sleep at night..........
Comments
I’ve jumped lots of pages
who won the last one , what was it , I thought we were doing every Dec /June
why we in august guessing ?
Gut reaction is that it's followed the base rate pretty closely so should have bottomed out (if you think BoE won't raise it more/much more) and will have the upcoming housing market slump priced in as people trickle off their 2-year fixes... Doesn't explain the poor performance before that though.
Still, just my own amateur opinions and the track record over the past 12-18months is woeful which shows you what I know - mainly because of this mob and UK small companies (Ninety One UK Smaller Companies I Acc Net GBP).
If you are investing into a property fund you need to be investing into a fund that invests directly into bricks & mortar - usually in this case Funds will be invested into Retail Parks, High Street shops & offices and some companies invest into Student lets & rental properties.
I have to ask - why did you invest into this fund ? The only reason why you should be investing into property is as a diversifier. And, as I said above, property in this case is physical property and not property company shares.
Aberdeen do a physical property fund. Same name as the one you are inversed in, just without the "shares" at the end.
Only now it's got a bit hairy and the rationale for the portfolio is anyone's guess - except its meant to be med-high risk. Might inbox you if that's alright so to not derail the thread too much!
This is not only to you but anyone else who is invested in funds - they should be regularly reviewed. Not only for performance but to see if your overall "portfolio" still meets your attitude to risk.
Even over the past 18 months funds that were previously "top dogs" are now going backwards rapidly. Big tech stocks in the US went ballistic after the pandemic then fell out of favour last year. Equity income funds did well last year but are now been overtaken by Growth funds. As for Bonds.....just a complete nitemare atm.
I'll have to find something else.
Even better odds off winning in tomorrow's draw and more prizes.
Good luck!
Current and new Premium Bonds prize fund rate and odds
Prize fund rate for August 2023 prize draw
Odds for August 2023 prize draw
New prize fund rate (from September 2023)
New odds (from September 2023)
4.00% tax-free
22,000 to 1
4.65% tax-free
21,000 to 1
Number and value of Premium Bonds prizes
Value of prizes in August 2023
Number of prizes in August 2023
Value of prizes in September 2023 (estimated)
Number of prizes in September 2023 (estimated)
£1,000,000
2
£1,000,000
2
£100,000
77
£100,000
90
£50,000
154
£50,000
181
£25,000
307
£25,000
360
£10,000
769
£10,000
902
£5,000
1,538
£5,000
1,803
£1,000
16,182
£1,000
18,832
£500
48,546
£500
56,496
£100
1,874,218
£100
2,339,817
£50
1,874,218
£50
2,339,817
£25
1,700,728
£25
1,027,604
Total
£404,560,900
Total
5,516,739
Total
£470,827,650
Total
5,785,904
EDIT, £150 for father in law.
Last prize as I now need the money for house deposit.
Decided to cash some in after today's results and put it in the 1 year bond paying 6%.
1x25 and 1×100 for me 50 for the wife and zero for junior.