Have you heard of Nutmeg? Nutmeg is a simple to manage online savings platform, with completely transparent costs.
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Started in 2011, by Nick Hungerford, who was frustrated by the exclusivity and lack of transparency in the investment world, Nutmeg is the UK's first online discretionary investment company.
They invest primarily in Exchange Traded Funds or ETFs. These are simple, physically-backed and liquid securities that comprise a range of asset classes including equities, bonds, commodities and cash. As Nutmeg is a totally independent company and not tied to anyone, they can select the assets, holding and securities that they like and base their investments on past performance, and the spreading of risk
Building up a portfolio of investments like a best share isa can be daunting to those that are not experienced in this area, what with finding the best interest rates and understanding the costs involved it can be a minefield, so it's reassuring to know that as an investor in a Nutmeg product you are not charged any initial or setup charges, any exit fees or any trader or broker fees. You will only pay 0.3 to 1.0% based on how much you invest.
As a Nutmeg Investor You are Not Charged Any Of these Fees
It is important to point out that with all savings nothing is guaranteed, and your investment can go up as well as down. Nutmeg manage the risks by tailoring the portfolio based on your individual needs, spreading your risk and opportunity and regularly reviewing your investment.
Frequently Asked Questions
You are not locked into any minimum terms, and the minimum investment is £1000 for each fund you create. To get started you answer some simple questions such as the type of account you want, the goal and the target amount. It allows you to set a timeframe and a risk level from 1 to 10, and then shows you a financial projection. The risk levels start at 1, "Avoiding Loss" to 10 , "I'll risk large losses for higher gains". I found it interesting going through a dummy run to see the list of investments they would make with different risk levels.
Of course, you could open these accounts yourself but this platform guides you along the way through the investment maze, in simple easy to understand language. Costs are also kept low due to the bulk-buying of investments.
You can open a Nutmeg ISA, start a personal pension plan and transfer your ISAs and personal pension pots to other providers. I am particularly interested in the stocks and shares ISA.
If you have an interest in the stocks and shares market but want to be guided along the way I think the Nutmeg way of doing business is perfect for you. You are guided, some of the risk is spread and your investment is regularly reviewed.
An important point is they are also regulated by the FCA.
Let me know what you think of the Nutmeg way of investing. Do you have a pension fund, ISA or other long term savings?
* A sponsored post, words and opinions are my own.
An important point is they are also regulated by the FCA.
Let me know what you think of the Nutmeg way of investing. Do you have a pension fund, ISA or other long term savings?
* A sponsored post, words and opinions are my own.
