If it was my choice, I would go with this.
Should offer sufficient diversification and why pay extra charges and have an, arguably, unnecessary mix of funds?
If it was my choice, I would go with this.Another guy promised me .75% for the Index World Equity Fund alone.
1.15% AMC for a global equity index fund is a rip off. So is 0.75%.
This is included in the 1.15% Sorry if this was not clear.And you haven’t even mentioned commission - what is the broker being paid?
I understood that there were more than just equities in his suggested basket of funds. Government bonds etc.And unless you have a lot of non-pension assets in cash, you really shouldn’t be anything like 100% in equities at your age and stage in life.
Suggest you talk to another broker…
Don't treat anything I say as advice, but did he explain why a mix of 4 funds? In a way that you understand?He offered me a mix of four Irish Life funds.
Retirement Portfolios 4 and 5 , Setanta Equity Dividend and Indexed World Equity.
I understood from him that they were a well diversified mix.Don't treat anything I say as advice, but did he explain why a mix of 4 funds? In a way that you understand?
3 of the 4 funds feature the same 6 companies in their top 10 holdings (Apple, Microsoft, Alphabeth, etc). Surely a simple Indexed World Equity, and a percentage in cash / bonds would result in lower fees, and a better outcome?
My funds are held in an SSAP at the moment. I sold my pension property so its all cash waiting to buy an ARF.Your 'advisor' is receiving an upfront and annual commission for this. They should be advising you.
The old diversification by just putting the money in 3-4 different funds, never mind the fact that they all hold the same assets. I thought that went out the window 20 years ago!Don't treat anything I say as advice, but did he explain why a mix of 4 funds? In a way that you understand?
3 of the 4 funds feature the same 6 companies in their top 10 holdings (Apple, Microsoft, Alphabeth, etc). Surely a simple Indexed World Equity, and a percentage in cash / bonds would result in lower fees, and a better outcome?
Your 'advisor' is receiving an upfront and annual commission for this. They should be advising you.
He'll be more than made up from the commission he'll get selling you a bundle of funds with a 1.15% charge.He claims he gets zero commision from the company that holds that.
He'll be more than made up from the commission he'll get selling you a bundle of funds with
Good advice except this, which, to me, is contradictory.As always, do your own due diligence and go with your gut feel.
Always worked for me in that order.Good advice except this, which, to me, is contradictory.
As Carl Sagan once said, I prefer to think with my brain rather than my gut.Always worked for me in that order.
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