Re: Portfolio Management

In message <gUATNyLQ9ZODFwzP@xxxxxxxxxxxxxxxxxxxx>, Richard Faulkner <richard@xxxxxxxxxxxxxxxxxx> writes
In message <43397fbc$1_3@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx>, GJ <jones@xxxxxxxxxxxxxxxxxxxx> writes
My wife and I have a mixed portfolio of Shares and Unit Trusts. It has built up gradually over the last 25 years. It has been suggested that we should put it in the hands of a Stockbroker to manage it.

Given that you have built it over 25 years, what can a stockbroker do that you cant do for yourselves 

Possibly make it worth more than it is now?

An estate agent writes  :-)......  "

The workings of the finance world screw you out of fees, whether your investments grow, or diminish! Unless you no longer have the time to manage it yourself, or have been losing money bigtime, it looks like you can save 4.25% in year 1 and 1.25% every year thereafter - not a bad return for nothing <g>


He he! I note the grin! The test isnt the charges, but if they can give value. Those charges seem high but it is always a mistake to judge investment managers merely by their charges.
--
John Boyle
.

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