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Hi Stocky Ready.
The shares you buy are basically the same as buying units of the trust fund.
Cheers
Gavster
Very kind of you to add your useful comments
I think investing in funds itself perhaps is more rewarding than their floating shares, for example take BSIF, 30% move over 4/5 years is a bit slow.
But you throw many good one.
So you just buy share in Trusts or funds company without investing in the funds itself (indirectly you do anyway).?
That is certainly quicker if you need to be out as with funds takes good 24 hours before sale complete and as we all know anything can happen in 24hours;
I am talking about situation like market crash etc, otherwise funds are for long term for me and paying nicely
My Baillie Gifford funds done so well in the past 2 years specially post covid.
Keep adding every now and then, but I like to be in liquidity in this current market before hiding behind funds which still pays well and someone manages for you.
All the best and thanks for the useful post
cheers mate
GL
I’m in on Darktrace too affmaead. Cyber security is going to be front and centre globally given the continued digitisation of the world we live in. It’s best in its class and could offer substantial gains in the years to come. They’re tucked away in my bottom drawer along with Aston Martin which I bought in to a year ago. Really liking BP too and managed to get in around 270 so just a long hold here for me. GLA
Darktrace
In that one as well , worth watching as working with Microsoft is a big endorsement of your product.Also is there not talk of it moving to the Ftse .I have noticed it can be some size of spread at times .Sold some of my Bp as was a bit too heavy with them .
Hi Stockready1.
Apologies for off topic away from BP. Noting your trust fund investment enquiry.
An easy way I invest in funds for my SIPP, ISA and trading a/c is to buy shares in them.
There is a list here :
https://www.dividenddata.co.uk/investment-trust-dividend-yields.py?&sort=yield&order=1
I like funds that pay dividends each quarter for reinvesting though I have bought some leading up to large annual dividends to trade or invest as well.
I'm currently in a few including Henderson's HHI & HFEL, high yielding AEWU, BLP and appealing to my ethical investing, a solar power income trust fund BSIF. All listed on LSE.
Cheers and GL
Zac
Thanks mate, all clear
Have a nice day
Hey Zac, finding the information very useful thanks. I've been intending to look at moving some over to finds after certain point from BP. Also with HL, have you / anyone heard anything good about Lloyds share / fund account, was thinking about this as they don't charge the 0.45%. also sorry folks as this isn't specifically about BP. For a new investor funds seem fairly intimidating to pick the right ones, but I believe they will be good especially as I am new to the game
Zac - thanks for posting this information regarding the funds - this is something that I am interested on doing in the future. I currently hold BP and RDSB shares in both ISAs and SIPPs but in the future, I was planning on selling the shares and investing in Funds. I have looked at Income, Accumulation and Tracker Funds to put my money in as I have a target for selling both my BP and RDSB holdings. My average for BP is currently 227.8 and my RDSB holding is 978.01 so I have made a good gain in both at present and I am goingto continue to re-invest the quarterly dividends in both for this forth coming financial year. I am hoping that my "fund pot " will last me for the next 20 years so I am looking at eventually removing a small amount every year from it to add to my monthly pension. I have looked at the HL Funds and I have taken a note of a number, some of which you mentioned in your post. I also thought of purchasing the High Yield FTSE shares, IMB, BATS, GSK and WPP etc. but I am wary that although you get the high Divi, the share value may not have the growth to cover your initial investment - I know it is diversing away from BP but I appreciated the input you gave.
Stockready1 - I use HL and Fidelity. I know HL aren't the cheapest but I've used them for years so am comfortable with them. No charge for holding shares and investment trusts in a general account. 0.45% charge for holding investment funds.
Have a look at Artemis. Good range of funds. Currently adding to my holdings in US Select Class I Acc. Very good 5 year performance.
DYOR however.
Cheers
Gary
Vangaurd are very good indeed, I am also with them and will add more in the future. But also Baillie Gifford also equally good. Always go with Accumulated only. Reinvest the profit a nice to build up your pot.
But I also stay aggressive with my liquidity in the times like this a great way of doubling or tripling your money and back to the funds again.
All the best
SR
Zac
Thanks mate
That link works,
Which platform do you recommend for investing in Trusts funds?
Many thanks
SR
Great stuff from Zac0 thanks. Share be - If you are thinking that fees put you off buying funds or trusts have look at Vanguard whose fees are extremely low. I have been with them for about 5 years in various funds & trackers & am very happy. They only sell their own stuff but as I've said I have done well & thoroughly recommend them. I also hold shares only with HL (due to their costs in funds) & funds with AjBell. All are doing well except a few of my poorer stock pics IMB & BRDSB where I brought too high. I will be gradually selling all shares when the time is right & putting the proceeds in funds etc but that's to do with my age (62). Good luck with whatever you decide to do.
Sorry - you just have to add the compariosn of commodities to the chart and select the oil ones.
https://www.hl.co.uk/shares/shares-search-results/b/bp-plc-ordinary-us$0.25/share-charts
Here is the desktop link for HL
Zac , thank you great information- I’ll look into all that and have a read and decide what to do. Thanks all the best
Stockready1 & Share-be-alright - my mistake the website for the association of investment companies (trusts) is www.theaic.co.uk
Zac
Thanks for your post and interesting information
I am holding couple of funds mainly Baillie Giffords of different kinds. However never invested Trusts,
The link you posted direct you to a IT company so not sure it is correct.
Thanks for sharing your thoughts on this
SR
Share-be-alright - here's some answers to the points you raised as agreed. Investment trusts and investment funds (there is a difference between the 2) do have charges. However, you don't see the charges as they're taken directly from the trust or fund. I'd probably say the charges average around 1.00% annually.
You don't have to lock money up with either. Both can be bought and sold freely. Investment trusts are bought and sold just like shares. I hold 4 currently. Smithson Inv Trust (sson) for capital growth, and Henderson High Income (hhi), Henderson Far East Income (hfel) and Merchants Trust (mrch) all for dividends. Merchants is know as a 'dividend hero' in that it's increased its dividend for 20+ consecutive years (39 years in fact). www.aic.co.uk is a useful website for info on trusts.
With funds you buy and sell similarly but it's not an instant purchase or sale. It generally takes around 24 hours due to the way the units are traded. I use Hargreaves Lansdown as my trading platform. Their website is superb. I hold a number of funds, some examples being Fundsmith Equity, LF Blue Whale Equity, Rathbone Global Opportunities. I only invest in the accumulation version of each fund, where any income is automatically reinvested.
A good starting point for a tracker type investment is to look at what Legal & General funds are offered via the HL website. They offer funds tracking markets ie L&G FTSE all share index, L&G UD index, L&G International Index etc, or funds that track sectors ie L&G Global Healthcare, L&G Global Tech Index, L&G Global Robotics and Automation. This will help give you a flavour as to what's available.
Hope this helps. Good Luck.
The Looney purchase is not pathetic. It is his employee monthly match share purchase.
Great day yesterday !
Despite Looney's pathetic director buy. It's all about Brent. 335p, the magic number from elementary ADR US$ charting for a proper breakout proved to be the resistance.
$28.56 was the highest price the ADR reached 8th June 2020. That's a 337p share price today. (was 376p June 2020 but BP trades and accounts in US$)
7th day for Brent over £51, 337 got to be reached sooner than later. Glad to be losing the Friday competition.
Adr was below 328p finish, some profit taking maybe all week will be 325-335 range, slowly moving up
Oil up - share price down... stupid investing fundamentals intact
Theluckyguy is chart on app or desktop
Not sure the costs haven’t been scaled back - BP had a huge redundancy programme, plus disposals seem to be trimming the dead wood from the company’s balance sheet. That field they sold in scotland was well past it’s best. BP have also avoided having to pay disposal costs. Be interesting to see the next balance sheet and see what impact on costs their strategy is having.