tag:blogger.com,1999:blog-2875915890415125655.post7344985372555262878..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: The low fee mantra – a look at the results of Hargreaves LansdownRetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-2875915890415125655.post-49695657197397282752010-09-25T10:07:04.305+01:002010-09-25T10:07:04.305+01:00Hi George
Thanks for the detailed response.
For ...Hi George<br /><br />Thanks for the detailed response.<br /><br />For me personally H-L is not low cost enough for what I am trying to do. I've settled on Alliance Trust or Sippdeal as options for now. Have a read here http://retirementinvestingtoday.blogspot.com/2010/08/lowest-cost-low-cost-sipp.html where I detailed everything that I'd found so far.<br /><br />I typically am using my RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-3444820992722271362010-09-24T09:38:55.326+01:002010-09-24T09:38:55.326+01:00Really pleased I've found your site. You are d...Really pleased I've found your site. You are doing some very similar things to me albeit much more in depth in some cases.<br /><br />My main mission at the moment is sorting my pension as low cost but with investment choice I want. I moved to Hargreaves this time last year after getting stung by an IFA. I really like their platform and I think for regular contributions to HSBC trackers this gwbensonhttp://www.gwbenson.co.uknoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-82080926346119318342010-09-18T13:09:05.346+01:002010-09-18T13:09:05.346+01:00I think its quite hard to do. Indices by definiti...I think its quite hard to do. Indices by definition include no transaction costs, but when you buy and sell bonds you often pay something like 5% spread on the transaction.<br /><br />I think the only way to tell is by looking at past performance of the tracker vs the actual index, and look at the difference in performance over say 5 years. This blog post has some more information on the uber_valuehttps://www.blogger.com/profile/05753498362895708687noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-44531570229235468082010-09-13T09:25:21.752+01:002010-09-13T09:25:21.752+01:00Hi TI
Good point about interest on un-invested ca...Hi TI<br /><br />Good point about interest on un-invested cash. Interest being offered on Vantage Portfolios today is:<br />- £0-£999.99 0% AER<br />- £1,000-£6,999.99 0.05% AER to this tier only<br />- £7,000-£49,999.99 0.10% AER to this tier only<br />- £50,000+ 0.25% AER to this tier only<br />So I'm guessing they could have all that cash sitting with a bank somewhere earnings 2.5% orRetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-66459076381124442092010-09-11T11:07:19.569+01:002010-09-11T11:07:19.569+01:00Tiny side note: in previous years, Hargreaves Land...Tiny side note: in previous years, Hargreaves Landsdown have made a significant amount of money from interest on un-invested cash, which I presume they take a cut of. Rates probably too low to play this game right now though.<br /><br />You are much more obsessive about fees than me - I wouldn't worry about 0.58% versus 0.65%, by that point I'd be looking to other factors (security, Monevatorhttp://monevator.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-80672774733358538502010-09-10T07:49:27.382+01:002010-09-10T07:49:27.382+01:00Great point Sparky.
How do you personally determi...Great point Sparky.<br /><br />How do you personally determine transaction costs? It's my understanding that the TER does not include transaction costs so you can't spot it that way. The only way I check it currently is by finding funds that look to closely track the benchmark index. Do you have a better way?<br /><br />BTW this is an intersting article on the topic http://RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-10714591842535235792010-09-08T21:24:47.170+01:002010-09-08T21:24:47.170+01:00Bravo in your mission to reduce fees. Have you lo...Bravo in your mission to reduce fees. Have you looked at transaction costs for the funds you own? I was considering investing in a bond etf a while back, but it was so religious in tracking the entry and exit of individual issues that its performance lagged the index by something like 3% per year! I know stocks are more liquid, but for a large etf there must be some costs for trading out/in asuber_valuehttps://www.blogger.com/profile/05753498362895708687noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-90769820890370852962010-09-04T09:15:13.278+01:002010-09-04T09:15:13.278+01:00Yes, agreed. Managed fund charges are best avoided...Yes, agreed. Managed fund charges are best avoided by avoiding managed funds! ETFs have to some extent made them unnecessary, although inertia has so far prevented me from putting my words into practice. But some people, I suppose, will always like the idea of having an "expert" look after their money.KoRhttps://www.blogger.com/profile/11163824542900298686noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-40142179242770061832010-09-02T18:03:10.066+01:002010-09-02T18:03:10.066+01:00Hi Dan
Yes I agree with you. I think people see ...Hi Dan<br /><br />Yes I agree with you. I think people see for example 1% and 1.5% and think they are both similar. It's only 0.5%... They don't understand compound interest and the effect that small difference has in the long term. It really is a shame.<br /><br />BTW welcome to Retirement Investing Today.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-34015141967387456402010-09-02T12:02:31.350+01:002010-09-02T12:02:31.350+01:00"It appears as though many people out there d..."It appears as though many people out there disagree with me about Hargreaves Lansdown. Or maybe they are just on average not worried about fees."<br /><br />I think it's the latter, or more likely ignorance of the latter. Despite investing books and blogs banging the drum of low fees the message doesn't get out to everyone.<br /><br />I'm enjoying your blog btw.Anonymousnoreply@blogger.com