Newsletter – August 2024

• Invest Engine – Relegated
• Please Consider This
• New Portfolios Launched
• Performance & Costs
• WTF (What’s the Fact?) – Pressing Issues on the Underground

Invest Engine relegated
Unfortunately, I’ve had to relegate Invest Engine.

If you already have investments with Invest Engine, don’t panic. I’ve relegated Invest Engine because I tried to transfer money from another pension to set up a Self-Invested Pension Plan (SIPP) with them.

They took an initial payment to populate the SIPP. They accepted the monthly fee. Then, after a frustrating period of my going around in circles on their website and contacting them for help, they finally made it clear that they don’t accept pension transfers and aren’t going to any time soon.

If they’d said this up front…

Some of what they do should still meet my rigorous standards. But I can no longer point to Invest Engine as a company that I would happily move money into.

Service and communication matter.

Please Consider This
Only newsletter subscribers, such as you, receive updates on the companies that I promote/relegate, and the funds that I add/remove from the small number of super-cheap funds that I’ve selected from thousands to copy the big companies’ investment portfolios.

Please share this email with anyone you think might benefit from this content and suggest that they sign up. It’s free, and always will be. The more subscribers I have, the more I can do to help.

New Portfolios Launched
As promised, I’ve launched three new “capital growth” portfolios:

• £10,000 Medium-Risk portfolio
• £51,000 Medium-Risk portfolio
• £50,000 Higher-Risk portfolio

I’m in the process of setting up the £25,000 income-generating portfolio.

As a newsletter subscriber, you’ll receive updates on how they’re doing in terms of performance and fees.

Performance & Costs
£10,000 higher-risk portfolio:
Since inception May 2023: +17.30% gross, +15.31% net (after costs)
May 2023 – June 2023: +19.11% gross, +17.50 net.

Industry average (3,999 UK funds across 2023) +2.82% gross.

This portfolio rose very quickly in it’s first year; that’s why I mentioned I was worried in previous Newsletters. It has adjusted downwards since, and I’m happy about that.

Yes I’m HAPPY that it’s fallen in value because I knew this would happen and it’s been a relatively modest fall. 

I’m now less worried about the investment and economic implications of US politics, UK economic policy and various global conflicts over the coming 12 months. Prices will fall and rise, and that’s why I rebalanced the portfolio (see this video); to make sure that it continues to broadly copy the investment decisions of the really big banks and investment companies for free (I cover how I do this in the book).

WTF (What’s the Fact?)
I really hope this arrangement of adverts was accidental. I took this photo while on the London underground a couple of weeks ago (read the adverts from left to right).