RE: Weak support19 Aug 2025 13:36
Fund managers do my head in. I wonder what they are doing sometimes. I have come across 3 cases with friends recently looking to invest sizeable sums of money with IFAs and they all recommended roughly 50% into U.K. equities which I simply could not understand. Looking back over the last 20 years or so the U.K. FTSE has been very poor averaging an average return of 3.5%, the worst performer of all major indexes comparing unfavourably with Stoxx Euro 600 4.3%, Nikkei 7%, Hangseng 3.4%, Dow 7.7% and Shanghai Composite 4.3%. Any decent adviser would be spreading risk more evenly than 50% in U.K. My objective when I started managing my own portfolios and pension inn2002 was to beat the FTSE by 50% and currently I’m at an annual growth rate of 6% over 22 years far outstripping the FTSE at 3.5%. This is inspite of some painful long term stragglers like RKH, BOR, SAR, TRP all of which are threatening to come good at last. My point is beware of financial advisers. There are great resources out there like Yodelar, Trustnet and Salty Dog who provide fantastic information sources to help you make your own decisions. I keep 10% in high risk stuff like the aforementioned shares and several others just for fun but most is properly diversified in funds.