Newby Sarter

I have set up a SART and I have 270K resting in Anglo. I dont really know where to invest. Advice would be welcome

Wasser

What's a SART?

self administered retirement trust

I'm confused. I would have thought that one of the primary reasons for starting a Self Administered pension is that you wanted to control it yourself, presumably because you felt you could achieve a better return than by going the more common Managed Fund type route.

If you don't have your own ideas on where to invest, why did you start a SART? Who advised you to start one? What do they recommend?

'why did you start a SART? Who advised you to start one? What do they recommend?'

Dave

That's a lot of questions for a man with no answers.

I'll ask the questions!

Wasser

wasser said:

'why did you start a SART? Who advised you to start one? What do they recommend?'

Dave

That's a lot of questions for a man with no answers.

I'll ask the questions!

Wasser

Click to expand...

Eh? DV is attempting to help by asking for more detailed info about your situation. If you want to help others to help you then it makes sense to give them some info which they can go on. Otherwise you're wasting your own and others' time.

Let me break it down for you wasser.

(1) You got advice from somewhere to start a Self Administered Retirement Trust, a specialised financial product.

(2) You spent a few thousand euros setting it up.

(3) You invested / transferred over a quarter of a million euros into it.

(4) You then post on an financial chat board looking for information as to where to invest it.

(5) You provide no detail whatsoever as to your personal financial circumstances, age, risk profile, other investments or anything that would be pertinent to your query. That's about as vague as posting "I have just bought a car. Where should I go?"

(6) When I ask some pertinent questions, you have a little sulk and refuse to answer.

If you're looking for some free investment advice on a board where all replies are voluntary, I wish you luck with that attitude.

Sorry for delay (holidays)

OK Dave, sorry - point taken, my question was a little open (no attitude intended)

I set it up with a view to a 5-10 year return period with a mixed risk spread. Looking at the managed pension funds and current performance levels (though they will improve), I thought the sart option might allow me more input. I have read up on sarts and I have an layman’s overview of their limitations, overheads and opportunities. I hope to top it up annually (50-100K) and educate myself on the investment scene starting this month.

I have people say don’t leave sarts in the bank on the long finger. I know where my sart friends have invested but this is a changing market yesterdays properties might be today’s commodities.

Maybe I should wait till the end of the year, top it up and get going then when I might be a little wiser!

Regards Wasser