Where Should I Put My Savings?

malaguti

Senior member
2,277 428
So...After reading through some of the Investment information in the link SignalCalc provided (https://www.moneysavingexpert.com/banking/) I find myself wondering...

1) Do it with me platforms?
Or
2) Do it for me platforms?

While I would like to be competent enough to go with the "Do it myself" platform, I just don't know enough to not be eaten by the big fish.

Anyone care to offer an opinion or a suggestion on the matter?

I reckon i'd be comfortable with medium to higher risk, if that helps you to form a suggestion.
I would also prefer to inform myself better on my investments and potential options, so that is leaning me a little more toward the "do it with me" platform... i think :)

It's not just about making money for me (though it is crucial), it's also about understanding the puzzle and being challenged.
why not both? why not put some money into a Vanguard fund, which are accessible to most people
www.vanguardinvestor.co.uk and then they choose the best option based on your risk profile and at the same time, put some into your own sharedealing/trading account. if you think you can beat their returns, give it a go whilst at least you know part of your investments are being managed by one of the worlds largest fund managers

some companies offer both options. AJBell are one of the better ones for this, they have funds they manage and also you have the option of your own. with Vanguard you only choose vanguard, but $4trillion funds you can't go far wrong
 

Nowler

Established member
789 58
why not both? why not put some money into a Vanguard fund, which are accessible to most people
www.vanguardinvestor.co.uk and then they choose the best option based on your risk profile and at the same time, put some into your own sharedealing/trading account. if you think you can beat their returns, give it a go whilst at least you know part of your investments are being managed by one of the worlds largest fund managers

some companies offer both options. AJBell are one of the better ones for this, they have funds they manage and also you have the option of your own. with Vanguard you only choose vanguard, but $4trillion funds you can't go far wrong
Thanks for the input mate.
I appreciate it (y)

However, would I be significantly handicapping myself by only being able choose Vanguard?
 

malaguti

Senior member
2,277 428
Thanks for the input mate.
I appreciate it (y)

However, would I be significantly handicapping myself by only being able choose Vanguard?
Blackrock, who produce the ISHARES range of ETFs are my personal favourite and you can track these yourself through a half decent broker. you can then determine when to enter or exit which significantly reduces the risk of individual equities. thats DIY but based on a risk profile again that suits your own. I see you have a poll on equity vs bonds. thats great, but its your risk profile!


If i was going to let someone else manage my money, id want choice, but not too much choice. Vanguard like Blackrock, also offer a number of ETFs, but they are managing it for you. so you have the best of both worlds. you can dabble and feel king of your cash and someone else (vanguard is just a suggestion, Fidelity also do similar) could look after another portion of your savings.

the thing with vanguard, (and please im not trying to sell you their range, I dont work for Vanguard and i couldn't give a rats **** whether you listen or not) is that you clearly have an issue in not knowing what you're looking for.
so do you want a range of hundreds to choose from, and i see another thread starting, or do you want a good number of diverse structures that are more easily narrowed down?
now getting to the original question are you being handicapped. they manage $4trillion how much do you manage? no i dont think the second largest fund manager in the world is a handicap.
 

Nowler

Established member
789 58
Blackrock, who produce the ISHARES range of ETFs are my personal favourite and you can track these yourself through a half decent broker. you can then determine when to enter or exit which significantly reduces the risk of individual equities. thats DIY but based on a risk profile again that suits your own. I see you have a poll on equity vs bonds. thats great, but its your risk profile!


If i was going to let someone else manage my money, id want choice, but not too much choice. Vanguard like Blackrock, also offer a number of ETFs, but they are managing it for you. so you have the best of both worlds. you can dabble and feel king of your cash and someone else (vanguard is just a suggestion, Fidelity also do similar) could look after another portion of your savings.

the thing with vanguard, (and please im not trying to sell you their range, I dont work for Vanguard and i couldn't give a rats **** whether you listen or not) is that you clearly have an issue in not knowing what you're looking for.
so do you want a range of hundreds to choose from, and i see another thread starting, or do you want a good number of diverse structures that are more easily narrowed down?
now getting to the original question are you being handicapped. they manage $4trillion how much do you manage? no i dont think the second largest fund manager in the world is a handicap.
Thanks very much for the elaboration mate.
You have a good point about having choice, but not too much choice.

Realistically I don't have that much savings anyway. So I could drip feed into something like vanguard, or whatever, and get a feel for things over the next 9 months. All well and good... if I learn enough to be able to take more control into my own hands, then so be it. Otherwise, I can sit back and let the professionals do their thing until I get to where I need to be at to do it without their help.

Thanks for the help :)
 

Merk Porter

Junior member
44 0
Many investment sectors have been established where people can employ their savings and earn extra money from their savings. And stock market, bond market, forex market and derivative market, etc. are various fields where a trader can make investment of their savings. I personally favor forex to invest my hard earned money. Forex traders can earn money by trading from anywhere around the world since it is a decentralized market.
 

NVP

Legendary member
36,279 1,787
hey N

hope the rental situation is looking brighter .....meanwhile responding on investments etc etc ....

first of all i would say think hard about using Tax wrappers ........not sure how old you are but also pension considerations as well.......its hard enough to make money theses days without giving it back needlessly to the government.so use these vehicles and plan for the future

also given your residential status the sooner you can secure a property the better .....so any cash you have would be better used for this based on your current lifestyle

most of the bigger firms are ok ....i use Hargreaves Lansdown for some of my investments and a couple of the other bigger outfits ...........no banks for investment though aside from First direct where we have our liquidity .....FD are excellent .....ive had a few run ins on mortgages as they are VERY rigid re terms and conditions of self employed.....but everything else is rock solid

im always looking at where half decent returns are for passive money.....dont pay for someone to lose your money ...take responsibility ........tracker funds and automated robots will do as well as overfed fund managers

IFAs dont have a clue generally (who does).......so dont believe the hype .....exams mean nothing .........just that they can pass exams ......sure a little legality on how to invest the money but any organisation will tell you what to do if you want to invest in them ....

just read and research about opportunities and apply this to you risk preferences and liquidity needs over next 5-10 years .....all about lifestyle choices

moneyweek was always a decent read for me ....a little like a comic in many areas but good overview......take a look at the tugboat approach here .....interesting but costs to join it ......

https://www.saltydoginvestor.com/

also i would say P2P lending is a half decent area to consider ...its maturing now and more and more organisations are accepting it as established funds ...but do your homework....like everything else its up to you

have fun
N
 

NVP

Legendary member
36,279 1,787
Thanks very much for the elaboration mate.
You have a good point about having choice, but not too much choice.

Realistically I don't have that much savings anyway. So I could drip feed into something like vanguard, or whatever, and get a feel for things over the next 9 months. All well and good... if I learn enough to be able to take more control into my own hands, then so be it. Otherwise, I can sit back and let the professionals do their thing until I get to where I need to be at to do it without their help.

Thanks for the help :)
dont believe the hype ......most of them are chucking darts in a board like traders.. a suit and an education doent make a sucessful investor ! (in my opinion)
 

Nowler

Established member
789 58
hey N

hope the rental situation is looking brighter .....meanwhile responding on investments etc etc ....

first of all i would say think hard about using Tax wrappers ........not sure how old you are but also pension considerations as well.......its hard enough to make money theses days without giving it back needlessly to the government.so use these vehicles and plan for the future

also given your residential status the sooner you can secure a property the better .....so any cash you have would be better used for this based on your current lifestyle

most of the bigger firms are ok ....i use Hargreaves Lansdown for some of my investments and a couple of the other bigger outfits ...........no banks for investment though aside from First direct where we have our liquidity .....FD are excellent .....ive had a few run ins on mortgages as they are VERY rigid re terms and conditions of self employed.....but everything else is rock solid

im always looking at where half decent returns are for passive money.....dont pay for someone to lose your money ...take responsibility ........tracker funds and automated robots will do as well as overfed fund managers

IFAs dont have a clue generally (who does).......so dont believe the hype .....exams mean nothing .........just that they can pass exams ......sure a little legality on how to invest the money but any organisation will tell you what to do if you want to invest in them ....

just read and research about opportunities and apply this to you risk preferences and liquidity needs over next 5-10 years .....all about lifestyle choices

moneyweek was always a decent read for me ....a little like a comic in many areas but good overview......take a look at the tugboat approach here .....interesting but costs to join it ......

https://www.saltydoginvestor.com/

also i would say P2P lending is a half decent area to consider ...its maturing now and more and more organisations are accepting it as established funds ...but do your homework....like everything else its up to you

have fun
N
Hey mate,
I move into the new place on Sunday. Hopefully I can feel relaxed there and can start setting up better for my trading.

In regards to the rest of your post, I am 31 and have set up a Stocks and Shares ISA with Vanguard so that I can delay the paying of tax until I take the money out. With this, as im sure you know, I can invest the defered tax. Unfortunately, I did have to take the money I had in it out to help with this move, but once I'm in the new place, I'm back to looking at it as a long term investment (Index funds/Bonds).

I also have my pension set up for work, not a great pension but nonetheless, it's a pension. Between that and my ISA portfolio, I'm thinking long term.

I also save a little in a bank savings account. They are giving me 3% on my savings up to 5k. That savings account is for immediate access needs that pop up, and is also what I intend to use to fund my trading account when I upgrade from a micro account.

Between the long term view (pension and Stocks and Shares ISA), and the short to mid term (bank savings account) I think i am "ok". I just need to develop more as an investor to make better use of my ISA over the long-term and get better at trading to increase my near term non-employment income. Finding a better paying job is on the cards, so that will help on the pension front.

I do prefer to be in total control of managing my investing. I have come on a bit since I started my investment portfolio, but I have a lot more work to do. Vanguard aren't really doing much managing of it anyway as up until now it was tracking Indicies. When they went up, so did my portfolio, and when they went down...
It's passive, not actively managed. (They charge me .22%)

After reading Smith's book "how I trade for a living", I have a strong desire to trade stocks. I will still set money aside in passive index funds for the longterm, but i also want to trade stocks short term. Not given up on FX either.

Let's see where I'm at in 6-12 months when more of the dust settles :)

I'm going to check out that link you posted in a few mins. If it's a reasonable cost then I will sign up.
 
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Nowler

Established member
789 58
I have gained tremendous growth by investing in property funds.
Good stuff mate!
I thought you were solely in the FX world.

I don't know much about property.
All I know is that new house permits is an important indicator for how an economy is doing.

In terms of economic cycles, I, in my very limit knowledge reckon we are closer to the decline of this cycle than we are to the beginning. So for that reason, I will hold off on investing in property funds. It will however be a part of my basket when it becomes cheaper to buy.
 

NVP

Legendary member
36,279 1,787
good investments FXX !

Watch the liquidity on those property vehicles ......otherwise they are a great way to ride property without too much lock in .......properties main drawback are liquidity and high entry cost

N
 

tomorton

Legendary member
7,157 931
I've maybe said these things before but it wasn't on this thread and I've changed my ideas over time so I put these thoughts out there in case they at least help develop some thoughts -

immediate cash - 1 months' debts (utility bills, council tax, loan repayments): bank current account will do, doesn't need to earn interest, accessibility is key

back-up cash - Premium Bonds

speculation - trading account: must-have feature is ability to profit from assets with falling prices: account should stay at zero until a consistent strategy has been identified and demo traded

investment - two only are worthwhile -
1) your main residence: because you need to live somewhere and the UK rental market is short-term, insecure and poor value
2) blue chip equity shares for dividend income: buy these and never sell: re-invest as much of the dividend income as possible: put the shares in your will for your children (as long as they promise solemnly to do the same)

Never-ever investments -
financial products, classic cars/art/antiques/wine/first editions, crypto, start-ups, bullion, safe havens.
 

NVP

Legendary member
36,279 1,787
You can invest in the Forex PAMM Account. You can earn a consistent income every month by just watching professional traders trade for you. You can withdraw your amount anytime you wish to or you can also change your fund manager whenever you want. Mostly these fund managers do not take a lot of risk on your capital amount so you need not worry about your capital.
great in theory but poor in practice ......one of my bucket list items is to recruit some real talent to do this ......most of the stuff is overhyped pump
and dump merchants boosting the brokers coffers with extra trades.......they mostly burn out quickly leaving you out of pocket

N
 

J_C_Anderson

Member
98 14
It will be a good idea to invest part of savings in market index, as in long term perspective it will grow. You will get higher returns, than in the bank, and your risks will be lower comparing to buying separate stocks.
You can also look at investing in some ETFs or to compose portfolio consisting of ETFs on several sectors + market index ETF like SPY.