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Savings and Investments thread
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£25 from Ernest today, haven’t had anything for ages but he’s still not really floating my boat...0
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I knew that and I know of their involvement with Woodford. Thinking of handing over management of my investments over to them as I don’t really want to spend the time on this. They seem very reputable. A little expensive but I believe you usually get what you pay for. They are quite a new company though.Rob7Lee said:
Another St James Place crew...... other than that, no.Redrobo said:Hi,
have any any of you heard of seventy seven wealth management and have any views on them?0 -
Personally i'd find an independent financial advisor, if they are tied to SJP they aren't truly independent. I'm always suspicious on 'you get what you pay for' - my dad always said that and got massively done on things like windows, kitchens, bathrooms etc.Redrobo said:
I knew that and I know of their involvement with Woodford. Thinking of handing over management of my investments over to them as I don’t really want to spend the time on this. They seem very reputable. A little expensive but I believe you usually get what you pay for. They are quite a new company though.Rob7Lee said:
Another St James Place crew...... other than that, no.Redrobo said:Hi,
have any any of you heard of seventy seven wealth management and have any views on them?2 -
Sure someone on here mentioned once they were an IFA .....Rob7Lee said:
Personally i'd find an independent financial advisor, if they are tied to SJP they aren't truly independent. I'm always suspicious on 'you get what you pay for' - my dad always said that and got massively done on things like windows, kitchens, bathrooms etc.Redrobo said:
I knew that and I know of their involvement with Woodford. Thinking of handing over management of my investments over to them as I don’t really want to spend the time on this. They seem very reputable. A little expensive but I believe you usually get what you pay for. They are quite a new company though.Rob7Lee said:
Another St James Place crew...... other than that, no.Redrobo said:Hi,
have any any of you heard of seventy seven wealth management and have any views on them?4 -
IFA here. Just 0.5% annual fee. 😉
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My worry is that I am an old git with a young son and therefore I am looking at wealth management that will continue long after I die. He is very astute, but he has not fallen in love yet!4
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Those invested into Peer to Peer lending may wish to take note that administrators have warned investors in “Lendy” they could see as little as 7% of their money returned. Ouch. My personal view is this wont be the only failure in this space.1
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Athletico Charlton said:Those invested into Peer to Peer lending may wish to take note that administrators have warned investors in “Lendy” they could see as little as 7% of their money returned. Ouch. My personal view is this wont be the only failure in this space.
Thank gawd for my mattress.4 -
Thank gawd for my ISA.bobmunro said:Athletico Charlton said:Those invested into Peer to Peer lending may wish to take note that administrators have warned investors in “Lendy” they could see as little as 7% of their money returned. Ouch. My personal view is this wont be the only failure in this space.
Thank gawd for my mattress.
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Thanks, good call. P2P was the reason that I strated this thread, and I see it is three years old this month.Athletico Charlton said:Those invested into Peer to Peer lending may wish to take note that administrators have warned investors in “Lendy” they could see as little as 7% of their money returned. Ouch. My personal view is this wont be the only failure in this space.
Quite early on a mate who is into it pointed me towards 4thWay website which does a decent job in championing the sector while keeping an eye on dodgy participants.
Thanks to them I have gradually been exiting Funding Circle. It's one of the big names but is definitely showing signs of stress, coinciding with its flotation. I've been withdrawing in chunks, and each withdrawal is taking longer than the last to actually execute. Fortunately when this latest sell comes through I will be nearly out, but with about £900 in interest to show for it. By contrast when I trimmed some of my holding in Ratesetter the money came back so quickly and efficiently that I almost regretted it. The next one I will ditch will be Zopa, I was looking at it last night, and after your mail I might go ahead and pull out completely.
It seems that those who loan to businesses (such as Funding Circle) are feeling the Brexit effect, while those loaning to individuals may well be hit by the worrying rise in personal indebtedness.
I'm not panicking, and will probably stay in Ratesetter, Growth Street and Lending Crowd, although I'd alert anyone else who is in Funding Circle..0 - Sponsored links:
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Yes, I've got some of them as well ;-)golfaddick said:
Thank gawd for my ISA.bobmunro said:Athletico Charlton said:Those invested into Peer to Peer lending may wish to take note that administrators have warned investors in “Lendy” they could see as little as 7% of their money returned. Ouch. My personal view is this wont be the only failure in this space.
Thank gawd for my mattress.
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I am a beginner when it comes to investing. Early this year I opened a stocks and shares ISA with HL and invested some inheritance in index funds. In general they have performed well around 8%.
I told myself I would steer clear of trading with Shares. I got sucked in with Sirius minerals (most traded share on HL at the moment) and made a little 10% profit before I then decided to invest with an oil company called Petro Matad (MATD)
I bought in (80,000 shares) after the announcement that one of their drill sites has gone live at 8.3p. Everything I read online suggested huge potential for them to rise into double figures by end of August and long term into the 30/40p. Problem is Shares have tumbled in the last week by 15% as many short term Investors are selling on the positive news after buying in at 3/4p. Quite a bit of market manipulation going on from what I understand. More buys than sells in the last 4 days but the share continues to drop.
Now I can't help feeling out of my depth and unsure if it's best to cut my losses now before potentially losing it all. Or to believe in the project and research I've done and stick it out as a longer term investment.
Anyone here have any experience with oil trading. I understand its High Risk High Reward .. just not sure how I got swept up in so easily!
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I gave up stock picking/share investing some time ago but assume that MATD are one of the plethora of commodity (in this case oil) exploratory companies on AIM with a small cap? Sounds super high risk to hold, especially in isolation. I have no idea of the success rate of such companies but guess it is very low. Do they produce oil? Have a turnover/profit? What is their cash position? If not profitable yet then there is the risk that each bit of good news is shortly followed by a cash call to investors stunting the share price which I assume is why so many people bail out on good news.
I don’t know the company so can’t offer anything more than a general cautionary, “tread carefully” and definitely do not believe any of the rubbish people post on share message boards. Do your research on facts not made up rumour. Trouble with small AIM companies is the facts can be few and far between. Good luck, hope it comes off for you.0 -
Banksy grappling hook at sotheby's in November. Was 25k retail, last one (first to flip) sold at auction for 70k and I think it could easily be a 200k piece in 5 years0
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Please, just stick to stocks & shares ISA's.heavenSE7 said:I am a beginner when it comes to investing. Early this year I opened a stocks and shares ISA with HL and invested some inheritance in index funds. In general they have performed well around 8%.
I told myself I would steer clear of trading with Shares. I got sucked in with Sirius minerals (most traded share on HL at the moment) and made a little 10% profit before I then decided to invest with an oil company called Petro Matad (MATD)
I bought in (80,000 shares) after the announcement that one of their drill sites has gone live at 8.3p. Everything I read online suggested huge potential for them to rise into double figures by end of August and long term into the 30/40p. Problem is Shares have tumbled in the last week by 15% as many short term Investors are selling on the positive news after buying in at 3/4p. Quite a bit of market manipulation going on from what I understand. More buys than sells in the last 4 days but the share continues to drop.
Now I can't help feeling out of my depth and unsure if it's best to cut my losses now before potentially losing it all. Or to believe in the project and research I've done and stick it out as a longer term investment.
Anyone here have any experience with oil trading. I understand its High Risk High Reward .. just not sure how I got swept up in so easily!
I've been advising clients for almost 30 years & even I dont dabble in individual shares. The reason why you have seen losses is that the professionals are way in front of you in terms of what they know & when they know it. By the time you get to see it read about a certain company the institutions have already dealt, meaning the price has moved.
Be happy with your 8% tax-free return that you've made on your ISA. We can't all be Gordon Gecko.
PS. I have a client who is an oil trader. Wouldnt dream of asking him for tips or what he thinks about certain companies.2 -
If you look at the trading activity over recent days you will see a number of sales and the same day the same/similar amounts being used to buy back shares at a lower price. Suggests these profit taking traders expect to be able to make another turn at a later date. Penny shares investing should be seen as a betting type hobby, not a serious way to invest savings. It's just too easy for major share holders to manipulate prices and by time you hear any news it's already too late.heavenSE7 said:I am a beginner when it comes to investing. Early this year I opened a stocks and shares ISA with HL and invested some inheritance in index funds. In general they have performed well around 8%.
I told myself I would steer clear of trading with Shares. I got sucked in with Sirius minerals (most traded share on HL at the moment) and made a little 10% profit before I then decided to invest with an oil company called Petro Matad (MATD)
I bought in (80,000 shares) after the announcement that one of their drill sites has gone live at 8.3p. Everything I read online suggested huge potential for them to rise into double figures by end of August and long term into the 30/40p. Problem is Shares have tumbled in the last week by 15% as many short term Investors are selling on the positive news after buying in at 3/4p. Quite a bit of market manipulation going on from what I understand. More buys than sells in the last 4 days but the share continues to drop.
Now I can't help feeling out of my depth and unsure if it's best to cut my losses now before potentially losing it all. Or to believe in the project and research I've done and stick it out as a longer term investment.
Anyone here have any experience with oil trading. I understand its High Risk High Reward .. just not sure how I got swept up in so easily!2 -
Think I just got lucky, bought some just eat shares a couple of months ago, last week was a few % down. Quick check on my way to work this morning paging down my shares and bang, up 25% today! They may go higher still buy took the profit.1
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heavenSE7 said:I am a beginner when it comes to investing. Early this year I opened a stocks and shares ISA with HL and invested some inheritance in index funds. In general they have performed well around 8%.
I told myself I would steer clear of trading with Shares. I got sucked in with Sirius minerals (most traded share on HL at the moment) and made a little 10% profit.0 -
Stick with Sirius.
The Poly should be out the ground in 18 months and that is when this monster will show its worth.1 - Sponsored links:
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Anyone into property investment?
€6k gets you €7k returned (16.66%), €150 per month up until the house sells (Estimated 18 months), when the balance will be paid.
Don't all rush at once...
Aussies need not apply...0 -
I'm already out, a bird in the hand and all that. Although is that article right, values just eat at 7.31, I sold out at 7.96 and it closed at 7.80.Covered End said:1 -
Finally got round to reading through the last 15 pages or so of this thread this morning. Great stuff - Charlton Life at its best with lots of interesting and helpful comments from people who obviously know their beans and are willing to try and help their fellow Charlton fans. Thanks to all who have contributed.Rob7Lee said:They’ll be able to liquidate fairly quickly I would think. The underlying investments are ok.
I got out of the Woodford funds earlier this year when the Sunday Times exposed what I had already thought - the funds were invested in stocks totally unsuitable for an Income fund. It was the push I finally needed to transfer out. (Obviously a year too late but at least I got out with a small profit before the doors closed).
Put some of the proceeds into the Fundsmith Equity Fund and was surprised to see on Sunday a report in one of the papers that broker Charles Stanley had kicked the fund off their broker’s Foundation Fund List primarily over concerns that it may have become too big to manage. Anyone else got any concerns over continuing investment in this fund?
Finally, interesting to see from the above that even some of our "experts" aren't always right with the news yesterday that Woodford's fund is to stay suspended until Christmas! (Not having a go in the slightest Rob - hindsight is a wonderful thing!) What a s**t-shower the whole scenario around this fund is and I can't believe the sheer brass neck of Woodford continuing to rake in his fees whilst the fund is suspended and people unable to take their money out. Heads really should roll. But no doubt they won't.
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Good post @Fortune 82nd Minute. I have some money in Fundsmith. I'm highly suspicious of the brokers' preferred lists. They are the equivalent of listing fees that supermarkets charge branded goods companies for promotion spots or even basic stocking in store. It does not matter to them which brands the customers' prefer. What matters is that the supplier coughs up. Hargreaves Lansdowne never had Fundsmith in their Wealth 50 even when it was Wealth 150, and have earned considerable scorn because of that.
That said, I am still in Woodford :-( so don't take anything I say or do as being smart.0 -
At the other end of the investing spectrum I've been stashing away small amounts of cash weekly in the Moneybox App since April....hadn't checked it for a while till this morning and was most pleasing to see the current earnings running at 7.48%
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I'm amazed it's going to be frozen until December. What on earth was he invested in?
@Fortune 82nd Minute. no problem, I'd like to think I'm fairly good with finances but don't profess to being the expert. I was in Woodford when he opened and seem to recall fairly standard investments. Thankfully got out a while back, only because performance was so poor.
What I have done since the news is spread my SIPP a lot wider, about 50 funds/shares now. the only individual shares I've left are Vodafone which I'm up about about half a percent! (although the last dividend was quite good), Just eat I sold yesterday, FairFX Group which I really should sell as up nearly 25% now and Go-Ahead Group which are also doing very well, might hold those as a good dividend. I sold Saga and Premier Oil at a small loss, Tullow oil at a small profit and Metro bank I'm glad I took the profit when I did! And of course thanking @bobmunro for the BAT shares a while back :-)
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i_b_b_o_r_g said:Anyone into property investment?
€6k gets you €7k returned (16.66%), €150 per month up until the house sells (Estimated 18 months), when the balance will be paid.
Don't all rush at once...
Aussies need not apply...
I was in until I realised I'd lose loads on the FX rate!0 -
Do it in GBP?Rob7Lee said:i_b_b_o_r_g said:Anyone into property investment?
€6k gets you €7k returned (16.66%), €150 per month up until the house sells (Estimated 18 months), when the balance will be paid.
Don't all rush at once...
Aussies need not apply...
I was in until I realised I'd lose loads on the FX rate!0 -
Is now a good time to put money in a fixed rate savings account for one year?
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Interest rates are on a downward curve now. Not by much but you could have got a bit more 2 or 3 months ago. Getting emails saying interest rates on existing deposits being reduced.1
