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How To Choose Investment Funds - Too Many Options?
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- เผยแพร่เมื่อ 17 ส.ค. 2024
- You've made the smart decision to open an ISA or a pension, and that's fantastic! But now comes the challenging part-choosing the right funds to invest in within your pension or ISA. With hundreds, or even thousands, of options available, it can feel like searching for a needle in a haystack.
But fear not! In this video, I'm thrilled to introduce you to a new and invaluable free tool called Pickafund. I'll show you how you can efficiently filter down the extensive list of available funds in less than a few minutes.
🔗 Pickafund: pickafund.com/
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What challenges have you faced when choosing investment funds? Share your experiences in the comments ⬇
Where to start
Just not knowing what I’m doing. I need help! As I really want to learn. 😫
Being a bit simple.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
We have learnt in investing journey that you can't control the market but you have the power to control your actions in the market.
It's important to have patience in order to build wealth. In fact, patience might be one of the most important factors in investing. Sometimes we're the only ones stopping ourselves from moving forward because of our emotions. With a strong-willed mindset, anything is possible.
@@edward.abraham I have been thinking about how to grow my reserve by atleast 40% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my target.
@@Believer292 You might have heard this before but it’s imperative that I mention it. Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That's why I have been working with “Julia Ann Finnicum” and that doesn't make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim bigger.
@@edward.abraham Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing her resume, it is evident that she is a seasoned professional. I have reached out to her and am eagerly awaiting her response.
When I started my pension in my 20s I decided on high risk and full share exposure. I line my dad said has stuck in my head forever : market corrections and recessions are good news for your investments if you can stay employed and acquire cheap units throughout. He's been proven right. Live in the moment and invest for tomorrow.
I wish I’d known about this when I was choosing a fund! Looks like exactly the sort of thing people need to make a decision when investing
Any issues with just one fund? VWRP (All world), set and forget
Good fund . . . . But it hasn't returned well over the past 2 years. None of the standard "global" equities funds have.
@@maltesetony9030 you should be investing in a fund like the above for the very long term 20+ years
It depends on your investment horizon, age, attitude to risk among other things. With 56% exposure to US stocks, consequently high tech exposure, and no bond allocation it may not suit everyone. US market has suffered decades of underperformance in the past and is presently overvalued Vs long term average p/e
Fantastic advice and guidance. Thanks Pete.
Just revisited this video. I've seen and read a lot of financial investing stuff recently, and I'm realizing that this is one of the very best 'short' videos about how to choose investments - and I don't think I'd classify myself as a novice either. This is just great. Thanks
Fantastic to hear, thank you!!
Wow! Such a useful video for investment ingénues! Ive played safe with the past x3 years of ISAs (x2 Vanguard S&S, x1 cash ISA) & have wanted to attempt a different approach for this years ISA - the information out there is overwhelming but this video strips it down to the need-to-know utilisng a free web-based tool. This year i shall try this tool & then the next step is to pick the most appropriate investment platform! Thanks for posting this! 👍
This tool looks easier to use than the Morningstar one. Thanks for sharing.
Great video for supporting people who are confident picking funds. However, the tricky part from my perspective is deciding upon the percentage of equities and bonds, and ensuring this remains appropriate in the run up to (and into) retirement. I'm not convinced that the majority of people with a pension would feel confident about making this decision and then having to rebalance their portfolio each year. This situation then almost forces people into taking financial advice - which is expensive (sometimes scandalously so).
For people who do not have the confidence or inclination to pick funds and continually rebalance, the simplest (yet still effective) path seems to be for people to pay into something which automatically de-risks and rebalances - like a lifestyle pension or target retirement fund. Set and forget. Sure, someone could attempt to learn more about investing and become more intentional about their investments, but how many people - as a percentage of the working population - are realistically going to do that? I'd rather people were served by a lifestyle pension which gave them a chance of a dignified retirement.
In short, information about how to pick funds etc. is useful, but it only really helps those who have the gift to understand the information and the confidence to take action.
This is fantastic information! Thank you!
Thanks for posting Pete, this can only help 👏
Brilliant! Just what I was going for, Pete. Many thanks
Absolutely excellent video Pete and many thanks for making it. There are many really useful finance channels out there but very few direct you straight into the arteries of financial help and support there way yours do. Thanks again.
Great video. Will try it for myself now. Thanks.
You are an absolute gem. Never heard of this website until today. Thank you soooooo much. Legend!
Hope it’s helpful, TK
Great video. Simple and straight to the point. A winner for me.
👍🏿. Please do a video on Risin uk Bond & investments 🙏🏽
Really useful video. Thanks Pete. Much better user experience than Morningstar.
Thanks Pete, this looks fantastic.
Almost missed this - glad I didn't! Thanks 😊
Thanks for the video
Great video. Never knew about this website
I bought an actively managed fund. As it was crashing, I had to sell it. The people who were supposed to be actively managing it, let it fall like a stone
Excellent 👍
Vanguard FTSE Global All Cap for me
Me too . . . But no great joy for the past couple of years.
@@maltesetony9030 I don't think anyones done well over the last few years unless youve been all in on one of the big growers
@@maltesetony9030 just consider it as continuing to buy at a discount for the (hopefully) good next bull market.
@@darrenvalentine2477 Thanks, Darren, for putting the positive (& realistic) sid eof this.
Interesting to see the LS80 living large with the top funds. All you hear about the LS funds is moaning these days regarding too many UK funds and useless bonds. The reality would seem to show it is still a solid fund to opt for.
It's served a lot of people very well, presterjohn7...
Hi Pete love the videos. I looked recently at a Junior SIPP with Fidelity and was wondering if you could give your view on MSCI World UCITS ETF (SWLD).
I can't give advice here, but that fund is a decent tracker of the MSCI World Index. You want to look at what the World index is made up of - make sure you're happy with that, and then find out how well the fund tracks it - looks for tracking error
Great tool for a novice investor like me, made so much easier by your clear tutorial. I'd been very cautious so far with world and US trackers. I wanted to find something with a little more risk and return but with low fees. This tool really helps. Thanks for all your great content, keep up the good work.
Very handy 👍
Any chance you could do the same tutorial, but with SIPP instead of ISA ?
Really makes no difference, Peter. They’re both just tax wrappers and you can choose fund in either!
Thanks for all the informative videos Pete. You have really helped with my investment journey.
I notices that the funds yhat you ended up with, after filtering, are 60-80% equity. If investing for the long term (15+ years in my case), are we not better off investing in 100% equity?
I am currently only investing in the Vanguard FTSE Global All Cap Index fund.
Don't read anything into that, Wayne. I intentionally chose a sector that would give approx 80% equity funds. Do your own research based on your needs...
👋👍👍Great 'punchy' video Pete - super specific suggestion - love the 'Pickafund' free tool. This episode has come at the right time for me, wanting to simplify my portfolio towards passive / ETFs from couple of dozen Investment Trusts. Easier than the Morningstar or Trustnet free tools to focus down on a half dozen options . . .
If you do a keyword search for 'global equity', a Turkey fund appears at the top of the list.
Hi, on the keyword search, “Global” and “Equity” are searched across all the fund characteristics - in this case these have been captured on the fund’s full legal name.
For your type of search, best to use the category search, 1) Fund type: Equity & 2) Region: Global.
The results are sorted on 1yr NTR by default, but that can be changed. Hope this helps.
@@pickafund Got you. Maybe you should add a note to say that the keyword search is best for finding a specific fund you have in mind.
@@lpgmorton we’ll discuss internally, thanks for the feedback
I’ve got a few questions. I would appreciate it if someone could answer one of them if not all of them please.
Does the s&p500 pay your interest/divedends yearly in one lump sum?
Does this work also if you are investing in an etf that tracks the s&p500. The reason I ask is because Trading 212 only has etf and not index funds?
What happens if the s&p500 is negative for a couple of years. Do you just make £0 interest or does it hurt you previous interest gained?
Thanks in advance to anyone that answers these. It’s just that I can’t find anywhere that explains how the s&p500 works if it’s in negative
Question for you pete, assuming you’d chosen your funds, would you fill your isa in one go today or pound cost average over th year? Based on market today I mean
I always go all in if the money’s there. I think the difference between doing that and drip-feeding in will be marginal over the multiple decades of an investing career. That said, drip-feeding does make us feel a bit better about the risk of investing all in one day and is a good strategy for salving that concern. You asked what I would do, but either option is valid, depending on the individual
I chose to invest in dec 2020. Vanguard LS60. Only lost value ever since not a single penny +ve. My advice, leave it in the bank.
Fantasticality informative video, thanks Pete.
Glad it was helpful, Shimster!
I tried this and I cannot find a fund that outperforms the S&P 500 over any period of time. Is there a way to screen for that? Otherwise what is the point of buying any of these funds?
Why wouldn’t you just buy a tracker? Most people can’t consistently beat the market, so you’re better off saving the fees of an active fund and buying a tracker.
The standard Vanguard world equity funds, short-term bonds funds, & commodities funds have just bobbed-along for the past 2 years or so. Nothing to write home about . . . .
They did exactly what they shouldve done, apart from short term bonds, we got Truss to thank for that, but 50% over 5 years is ok
@P I love those chocolates
It’s been a very challenging environment for the past two years, Tony. Keep the faith though…
Intetesting, will definitely check it out. Already invest in a couple of funds, I think what would be really cool on these kins of platforms is the diversification of each fund with one another.
At this point, I'm not sure if i should stick with the two ive got and am happy with or add a third etc.
Great video, and this looks like a great way to research funds. One comment though. You haven’t declared your affiliation with Pick A Fund. I suspect you are either being paid to advertise the site or possibly even involved in its creation. Complete transparency means revealing these details.
Fantastic site, thanks for sharing. Would just like to point out that ISA eligibility seems inaccurate.. for example, i have held Greencoat UK wind in an AJ bell ISA, but it says it's not eligible...
The ISA classification is taken directly from Morningstar, we will try to close the gap on any outliers. Thanks for the feedback
That’s an excellent tool.
it really is superb - it can do far more than i give time for in the video...
@@MeaningfulMoney another one to add to “justetf” and “theaic” 😀 I don’t do OEICS due to platform charges being silly money.
I disagree with multi asset for the long term - honestly, an Index fund based on the US or World is much better and cheaper to manage
This is great! I’ve just registered with pickafund. Can’t wait to have a play around with it!
You usually advocate using passive funds but the ones listed are mostly the active type, so why not exclude them?
I excluded them later on using a charges filter. There’s no other way to filter them out that I’m aware of.
Hi, on the basic filters, you have the option to select “Active” or “Passive”.
There is a lot of functionality on the site, so please don’t hesitate to ask for any guidance you may need 🙂
I think they're missing a trick here. Surely "where to trade" should be one of the very first options? - I want to get the best from the platform I already have!
Although I'm willing to bet they don't even list stuff from Trading 212 or any other sensibly priced platform... Am I wrong?
We are working on a platform filter, which amongst other things, will allow you to exclude any fund from your results set that doesn't have a platform attached.
We have a platform filter on our Investment Platform page but appreciate that many users would like to see the platform situation much earlier in their user journey.
Bear with us whilst we add more platforms - mutual funds are the majority of our universe so we prioritised platforms where they can be traded. We aren’t affiliated to any platform.
Hi Pete! Hope you can help. I'm looking to invest monthly into a pension, and buy a few ETFs. However wherever I look, ALL the ETFs seem well out of my price range! (E.g. EMIM at £2,500 a share!) It will take a long time to even buy one ETF, when Ideally I'd like to buy a few (one for emerging markets, one for S&P 500, etc etc). Am I looking at the wrong thing? I commented here as I managed to filter down to some ETFs, and realised I'll likely never be able to afford them unless I save up all year and then put all that money into a pension......
Hi Neil. Many platforms will enable you to buy fractional shares. If yours doesn’t, you may need to opt for mutual funds while your pot builds up enough to buy individual shares. Don’t wait to invest - invest in something else IF you can’t get a whole share. I don’t think you’ll have that issue though…
How many funds are too many funds? I've currently got 13 ( yes, I know ) and I'm going get rid of one as it's been constantly under performing. Do I split this fund around the remaining 12, or look for a few more? Sorry, I should say they are pension funds.
The answer to that is about how comfortable you are with concentration risk. If it makes you uncomfortable to have six funds, but you’re fine with ten, then ten is the right number. More than that comfort figure is just hassle, unless you make portfolio management a hobby!
@@MeaningfulMoney Thanks for the reply. Yes, I'm happy with a dozen or so funds, I like the spread, that said I think I will have a closer look at the funds to see if they are as diversified as I would like them to be. One thing that your YT channel has brought to my attention, are the charges on my funds. I'm averaging 1.3%, which I think maybe a tad high, I maybe wrong, but I you have certainly make me question my pension choices much more, which is a good thing.
I think people make a mistake by getting obsessed with fees and filtering just for low charge funds. At the end of the day, if you go for an active manager charging 1,5% a year, but their historical returns are 6% a year over 5 years, versus say 4% for a low fee fund, then the extra costs are worth it ( remember, the returns are always net of fees). By all means go down the cheap fee route first, but I would always re-open my low cost choices back to compare to all funds in that sector by net performance alone, looking at 3,5 and even 10 year returns. Any single Fund can perform over 1 year, but those that beat the index and their peers consistently over 3 & 5 years, after fees, should always be considered, irrespective of their annual fees.
I agree with you completely and I think returns over 3 a 5 years are one of the best measures. I have managed 7 % compound including cash holdings over 8 years whilst on a learning curve! I am hoping for better as I refine my fund choices
Aviva Pension
Aviva Multi-Asset Index Growth Fund FP - I followed your tutorial, but cannot find this one on pick a fund as I wanted to see the Sharpe Ratio. Can you help and tell me where I have gone wrong - I selected SIPP.
If it’s a pension fund then it won’t show up under SIPP for reasons that are tricky to explain here. You need to change the universe of funds to pension funds, rather than OEICs etc.
@@MeaningfulMoney
How to change the universe of funds?
Hi @@petermason2468
Unfortunately, we do not have the “pure” pension funds in our universe right now.
Our data provider has these under a different population and at a significantly higher cost. We hope to add them in the near future.
This was a great video, but was this a paid promotion in any means?
Nope, in no way was it a paid promotion, and I am not affiliated with Pickafund in any way - if it was I’d have said so! I just like Pickafund and am keen to see it get off the ground.
Surely this just involves picking the best performing funds in the rear view mirror and not something that should be recommended? Like last week’s lottery numbers? These funds got bigger (and therefore less nimble) because of the past and if the factors change that drive them up change they will struggle? With rates and inflation higher surely what worked in the past can’t and won’t work moving forward?
"surely what worked in the past can’t and won’t work moving forward" . . there is no reason why a well managed, good performing fund in the past shouldn't continue being a good performing fund into, at least, the near future. If you discount everything that has been successful up to now what do you invest in?
Depends on the factors driving performance. For example how could you reasonably expect a high growth fund to deliver in a value environment or vice versa. Passive funds have one style (mega cap momentum) so what happens if we move into a more balanced, mid small environment etc, etc. All funds have style biases and factors
Target Date Funds if you only want to invest in 'one' fund
Hmmm, OK for some, but I don't like the changing allocation. it's like lifestyling on pension funds; I'd rather be in control of that myself...
You only need three index funds, the Three-Fund Portfolio. #Boglehead
Total US Stock Market
Total Ex-US Stock Market
and a low total market Bond Fund.
Or have that in a one-fund option, potentially?
@@MeaningfulMoney what about lack of diversification across fund providers? I use Vanguard, HSBC, SPDR, iShares, Lyxor and L&G ETFs in my SIPP. Overkill - maybe?
Cutting the cost does not mean increasing the return.
I consolidated my work pension to standard life now I’m wondering if I should have went with Scottish widows or another platform. Don’t know how much I love standard…which platform is your fav, Pete?
@@myfyrmadocjones I'd think that would just increase your fees: Vanguard, for example, cap account fees at £350/year. Your money is already protected by virtue of being held separately so not really gaining anything by spreading your investments across providers.
Are you working on holiday Pete?
Nope - work trip!
Dude, you didnt say if pickyournose is sponsoring you. Sure as shit looks like it. Be open!!
No sponsorship by Pickafund. If there was I'd have said it. Why assume the worst - that's a crap way to go through life. Plus, I'd be shut down by TH-cam fairly sharpish...