>Create account with investment firm >Put money into a

>>1908537
more like

>Create account with investment firm
>Put money into a stocks-and-shares ISA controlled by a completely useless junior fund manager
>Enjoy returns of ~3% p/a without having to spend hundreds of hours learning about finance
>Enjoy paying ~2% management fee for the action of taking your money and putting it into the most generic stock portfolio ever
>Enjoy below inflation returns

>>1908580
9% was the average return on the Hargreaves Lansdown stocks and shares ISA I was considering.

>>1908623
Says who? The guy trying to sell you the product? Who's wages depend on selling more and more of said product?

Yeah right.

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>claims 9% nominal return
>admin fee of .45% p/a
>"ongoing charge" of 1.46% for anything that isn't overly conservative for a young person
>1.95% fee on nominal 9% growth is 8.05%
>best case is real annual growth average of 5.05% for holding most aggressive position

>>1909783
oh shit back to kindergarten for me
6.09%
or ~3.09% real

>>1909795
what am I doing
4.09% real
im going to sleep

>>1908537
>muh past performance
http://www.businessinsider.com/mutual-fund-performance-persistence-2014-7

>>1908537
You wont see most of those returns. I have my investments handled by Wells Fargo Investors and the average return is way below average. My account always increases but I could have done better throwing it all into random things like coke and dr pepper and amd and nvidia. They probably have a team of purebreds who handle their own investments and your investments are handled by the new guy fresh out of college with a B average who hopes to be promoted to the inner circle.

>>1908537
If you keep this open I will post my actual growth for the past 10 years with $100k.

>>1908537
You are ready to hear the gospel of His Holiness, Jack Bogle:

https://www.bogleheads.org/wiki/Getting_started

why wouldn't I just buy a position in a hedge fund with a better annual growth rate than that? its the same amount of work but it completely removes the middleman.

>>1910065
You need six figures just for shitkicker hedge funds to even consider picking up the phone.

>>1910065
>>1910077
Regulations actually say you need to have an annual income of $200k or $1mil in assets.

>>1910232
Only 200K? Is that household or individual?

>>1910238
https://en.wikipedia.org/wiki/Accredited_investor#United_States

$200k for individual, $300k for a couple. See points 6 and 7.

>>1910232
And regulations don't run the goddamn fund do they kiddo? I promise no respectable fund manager is going to let you buy in for less than $1m.

>>1908537
That only works because your fund manager is using a mixture of indexing (which acts as a floor for the returns meaning your returns will be no less than whatever the bull-market infused S&P currently sits at) and stock picking (which he's better at than you I promise). Once the market sees a -5% correction you'll be getting an email about the fund liquidating positions and shutting down, I can almost guarantee that. I personally saw this happen to many funds in the past 20 years of trading.

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Great idea.

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>>1910023
bumperino

>>1910023
Please do.

>>1908537
why would I do that

>read two books
>spend two hours a week looking at stocks
>have a diversified account with stop losses so when one stock shits the bed which will happen eventually doesn't tank my account
>have fun hunting for my future and money
>~3% a month
>put 20% of income in brokerage and have trading cycles fast enough I can use it

why doesn't everyone do this

>>1912110
Which two books did you read?

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>>1910942
>>1911321
Its missing my pre2009 information but I had $100k and went down to $45k during the recession and it recovered in 2013. Before that point it went from $80k in 2005 to $100k in 2008ish.

>>1912623
Im going to follow this up when I get home with the actual dollar amounts but I completely forgot about this last night.