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Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

Most popular ISA funds in August

Every month Hargreaves Lansdown publish a list of the most popular funds used by their clients for ISA accounts.

I find it fascinating reading but it always leaves me with more questions than answers. Following the crowd has never been the most effective investment strategy but it does show how people are thinking. I don’t doubt that the information is correct, but I wonder just why so many people are using the HL Multi Manager Funds. It could, of course, be that HL’s marketing strategy is very effective. It probably needs to be if they are to attract clients into  funds which are expensive and, I guess, very profitable for them.

If you are just starting out and don’t have enough money to buy a selection of funds the Multi Manager funds are probably the right answer but for the rest of us they are both inflexible and expensive.

In my view the best starting point is to be very clear about what your objective is. A pension fund invested to provide a safe level of income will call for a very different range of funds than an ISA account from which you will take profits from time to time.

There is a load of information and guidance on the Hargreaves Lansdown website but an even better starting point would be to ask me for a copy of my free handout “Developing an Investment Strategy. Just message or send me, Richard, a text on 07770 575122 .

Don’t just pick a random selection of funds and hope for the best. Have a well thought out strategy and a robust monitoring process. You may not need to pay expensive fees to a Financial Adviser but using a cost effective “guidance” service such as The Investment and Retirement Coach Programme could be a very good investment.

 

IMPORTANT INFORMATION
This document and our on going services are not personal advice. We'll give you all the help and guidance you need to make your investment and retirement decisions, but we can't advise you. If you're not sure whether you need regulated financial advice we can put you in touch with a suitably qualified and experienced regulated adviser. Because we are not regulated by the Financial Conduct Authority you will not have access to the Financial Ombudsman Service in respect of any complaints. If you use one of the "no advice" on line services to handle investment transactions they will be Regulated and you will have access to the Ombudsman and The Financial Compensation Scheme in respect of their services. The value of investments/pension plans can fall or rise depending on market performance. The Retirement Team and The Investment and Retirement Coach are trading names of Capture Success Ltd Reg No 01825075 Tel 07770575122

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