I really want to invest a small amount of money regularly probably 10k lumpsum and the 250 to 500 a month.
This is an interesting article and is applicable to all who hold money invested in funds.
...by contributions by a number of authors, relates to the normal Managed Funds.....
....All they all state is confirmation of the obvious, which is the fees charged in normal Managed Funds swallow up any profit or in fact, Capital, in poor years of investment...
In the case that you, Jim as a professional adviser
I know that most people here seem to recommend ETF's but I keep looking into them and then not following through , so I think some sort of managed fund to get me started would be best. I have had a look through some of the other threads but they seem to focus a lot on ETF's.
The last few years I have been setting up savings accounts after savings accounts and now I really want to invest a small amount of money regularly probably 10k lumpsum and the 250 to 500 a month. I would generally be conservative but for this scheme would prefer something medium pssibly to high risk. I am comfortable having someone gamble with this amount on my behalf.
I had a look at some of the plans on the Irish Life website but would anyone have recommendations, bearing in mind I want minimal involvement month to month with probably an annual review.
As an aside when looking into funds I checked out Setanta Asset Management as I hadn't heard of them before They have a meet the team page on their website with about 20 employees listed with their photos. There isn't even one woman listed in their entire team,senior management ,portfolio management etc. I know the industry tends to be male dominated but because of that I won't consider that company.
It just speaks to me of a very closed minded operation that I would not be comfortable dealing with.
Am I getting good value or should I opt out of monthly payments?
You've regular payments and regular charges (e.g policy fee; annual charges, etc.). You also know the encashment value. Put them in a spreadsheet and use the IRR function. Then you can decide if it has been a good or bad investment.Has it been a good/bad investment ?
Thanks mercman, am with Zurich (eagle star fund) monthly 131, policy fee 2.80 pm, policy charges ??? 108 annual (excludes ann. management charge).
I have paid in approx 25k over a 16 year period current value of fund is 31k. Has it been a good/bad investment ?
regards
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