Your Investments Are Not Protected (Don't get this wrong)

  Рет қаралды 21,488

Chris Palmer

Chris Palmer

Күн бұрын

Пікірлер: 61
@chrispalmer24
@chrispalmer24 2 ай бұрын
I hope this was helpful, I've had so many people ask me how the protection actually works, as it's very complicated and is often mistaken. A huge thank you to the compliance team over at InvestEngine for working so hard with me on this one, it was a ton of work to make sure it was right 😊
@sylsuthss
@sylsuthss 2 ай бұрын
Thank you so much for this very detailed video.
@chrispalmer24
@chrispalmer24 2 ай бұрын
@@sylsuthss No problem!
@ericbullock6553
@ericbullock6553 2 ай бұрын
Is T212 safe? Thanks
@hpm79
@hpm79 Ай бұрын
Thank you, I have spent ages trying to find out what happens if a fund/ETF manager goes bust but most only talk about platforms going bust. Great information.
@wiztv4109
@wiztv4109 14 күн бұрын
Hi Chris SCHD and DGRO are best in the US. Any match them in Uk?
@andrewcarmeichal3237
@andrewcarmeichal3237 17 күн бұрын
Very helpful, thanks!
@loubailey481
@loubailey481 2 ай бұрын
As always thanks for the great insight, extensive knowledge and hard work researching Chris!
@chrispalmer24
@chrispalmer24 2 ай бұрын
Thanks Lou 🙏
@MrFrobbo
@MrFrobbo 2 ай бұрын
Useful explanation, what about if the platform and funds are the same, Vanguard for example?
@tiptoemouse
@tiptoemouse Ай бұрын
I would like to know this too.
@MrFrobbo
@MrFrobbo Ай бұрын
@@tiptoemouse I asked VG, £85k total for every service combined, ISA, General S&S, SIPP etc.
@annacomnena217
@annacomnena217 Ай бұрын
You should look at the dangers of non-certificated nominee accounts.
@mostlyfishing1699
@mostlyfishing1699 2 ай бұрын
What happens to any fractional shares if your platform went bust? Invest engine or trading 212 for example?
@chrispalmer24
@chrispalmer24 2 ай бұрын
Great question! Trading212 said "In the unlikely event, compensation is due for the amount equal to the monetary value of the fractional share." they went on to say that whole shares would be transferred, i.e if you had 1.5, the 1 would be transferred and .5 would be compensated in cash. I will check with IE too and get their response 🙂
@bulltraderpt
@bulltraderpt Ай бұрын
I wonder if cash in a stocks and shares ISA is covered?
@nosharesnogains8505
@nosharesnogains8505 2 ай бұрын
One thing i always wondered what we should do once we exceed 85k in the account. Should we switch platform to be safe and should we manage our stocks to make sure we never go over 85k
@chrispalmer24
@chrispalmer24 2 ай бұрын
Only worth doing if your in the type of funds that’s covered, ETFs for example it wouldn’t matter but “may” be covered. I think best bet is to go for really safe funds and stocks
@anandben953
@anandben953 2 ай бұрын
Great insightful video. I hold Xtrackers Nasdaq 100 ETF, fund size is 632m with 0.20 TER. I've got about 1500£ in there. Should i switch to one of the top 10 providers mention in the video? or do you think Xtrackers are safe?
@prisol
@prisol 2 ай бұрын
great video thanks Chris, I have been wanted to know the answer to this question for a while now. Awesome !! QQ - What about uk based pension providers that are not in your list @11.45 such as Scottish Widows, Standard life, Aviva etc? how do i check if these are safe places for my pension and should i consider moving them into one that you have listed? thanks in advance.
@adrianl5899
@adrianl5899 2 ай бұрын
Some Stakeholder and Personal Pensions held at the big insurers are considered to be 'directly managed under a life insurance contract' and have unlimited FSCS protection. Your provider will be able to tell you if this is the case regarding the product you have with them, or whether its coverage is instead as set out in this video.
@chrispalmer24
@chrispalmer24 2 ай бұрын
Hey Prisol, a lot of them will have to be super safe by regulation - the downside I always see with them is just how they perform vs others as they tend to put you in managed funds not in a simple index fund, which annoyingly, tends to always do better.
@markpowellmp
@markpowellmp 2 ай бұрын
Might Prudential come under this heading? My FA said their pension funds are 100% government backed because they are considered as life insurance because of their size…..
@adrianl5899
@adrianl5899 2 ай бұрын
@@markpowellmp If the pension documents refer to it being a 'long-term contract of insurance' it will have unlimited FSCS protection. If you've a regulated adviser that confirmed this then that should hopefully be the case, but documents or the probider themselves will confirm if wanting to be certain.
@MrFrobbo
@MrFrobbo 2 ай бұрын
I've also just been down this route and had my IFA and pension provider confirm in writing they are 'long-term contracts of insurance' and FSCS protected up to 100% of assets within. Quite the relief as SIPPs are typically up to £85k. Both pension types are useful, however for large sums I know which I'd pick even with less performance! The world is rather 'strange' at the moment.
@215paul
@215paul 2 ай бұрын
Grest info again Chris, is an index fund covered in the same way as you discussed about the ETF?
@chrispalmer24
@chrispalmer24 2 ай бұрын
Thanks Paul, it'll depend if the Index Fund is set up as an Exchange Traded Fund or not, more likely than not it would be, nearly all of mine are
@steveywonder1990
@steveywonder1990 2 ай бұрын
Where can I buy the pc or what are the parts?
@chrispalmer24
@chrispalmer24 2 ай бұрын
Hey Stevey, it's all here: www.amazon.co.uk/shop/chrispalmer/list/1HT8G4TJXTA32 🙌
@Cherpontcarp
@Cherpontcarp 2 ай бұрын
Great & helpful video 👏
@Kenzag454
@Kenzag454 2 ай бұрын
Very good content !
@chrispalmer24
@chrispalmer24 2 ай бұрын
Thanks Ken
@affiliateheist
@affiliateheist 6 күн бұрын
Should do a video on investing £1M safely. I've seen platforms that split your cash across multiple savings accounts for example, so you get £85K on each account
@chrispalmer24
@chrispalmer24 6 күн бұрын
You definitely can with cash for sure. I don't think it's be a super relatable video though, haha, as much fun as it'd be! "How to invest £1million" could be interesting though and fit that in
@sebkk2229
@sebkk2229 2 ай бұрын
Thanks for the video, finally someone explained that in detail
@chrispalmer24
@chrispalmer24 2 ай бұрын
No problem! Glad it was useful 🙂
@riteshpatel8075
@riteshpatel8075 2 ай бұрын
What happens with individual stocks in trading 212 or HL? Will it be transferred to a new platform or will I just get the £85000
@chrispalmer24
@chrispalmer24 2 ай бұрын
Stocks would be treated the same as the ETFs, depends if the firm or the stock went bust
@404allowed
@404allowed 2 ай бұрын
Hi Chris thanks for the content. Just to clarify in this scenario of the - "investment platform company" went broke and I have shares in multiple stocks Im assuming you cant lose the shares ? .
@efoster_
@efoster_ 2 ай бұрын
Do you offer 1 on 1 consulting? I’d be interested in having a chat with you!
@upsidedowngamer7117
@upsidedowngamer7117 2 ай бұрын
Is free trade safe
@chrispalmer24
@chrispalmer24 2 ай бұрын
They are regulated in the same way 👍
@alfonsohorcajada4399
@alfonsohorcajada4399 2 ай бұрын
And Trade212 ?​@@chrispalmer24
@geckomusic9631
@geckomusic9631 19 күн бұрын
Great video but why in the world would you invest in Russia.
@chrispalmer24
@chrispalmer24 19 күн бұрын
I had done pretty well with the fund in the past and hoped the temporarily conflict would blow over (boy was I wrong 😂)
@Baptist231
@Baptist231 2 ай бұрын
Please get to the point quicker
@chrispalmer24
@chrispalmer24 2 ай бұрын
KZbin’s hard for that. I’d I don’t explain the full reasoning I get people commenting I haven’t explained it all 😂 so I have to make every video as if people know nothing, can definitely be hard sometimes
@JohnBeeblebrox
@JohnBeeblebrox 2 ай бұрын
​. If only KZbin had a function that somehow enabled viewers to move forward (or back) to the video presentation at will. That would solve the "problem" 😊
@gc8610
@gc8610 14 күн бұрын
Just speed up the playback
@stevebaxter-m4e
@stevebaxter-m4e 2 ай бұрын
Hi Chris. excellent info once again. Do you have an email address as I have an idea for another show
@chrispalmer24
@chrispalmer24 2 ай бұрын
Thanks Steve - yeah it's chris.palmer.yt@gmail.com :)
The Investing Strategy I'm Using To Retire Early (Goal: £1.25m)
24:17
Get this right BEFORE You Start Investing
13:55
Chris Palmer
Рет қаралды 48 М.
小丑揭穿坏人的阴谋 #小丑 #天使 #shorts
00:35
好人小丑
Рет қаралды 22 МЛН
Osman Kalyoncu Sonu Üzücü Saddest Videos Dream Engine 269 #shorts
00:26
Cool Parenting Gadget Against Mosquitos! 🦟👶 #gen
00:21
TheSoul Music Family
Рет қаралды 33 МЛН
HELP!!!
00:46
Natan por Aí
Рет қаралды 12 МЛН
The BEST Stocks and Shares ISA UK in 2024 (Detailed ISA Comparison)
39:16
£120,000 is the WORST Salary in the UK
16:49
Chris Palmer
Рет қаралды 247 М.
The Optimal Order For Investing Your Money
17:00
James Shack
Рет қаралды 186 М.
The Rich Will Bankrupt Us All - Garys economics
1:11:47
Making Money Podcast
Рет қаралды 278 М.
What if we Lost our 25% Tax Free Lump Sum?
17:08
Chris Palmer
Рет қаралды 4,9 М.
The BEST SIPP For 2024 UK (Self Invested Personal Pension)
24:01
Chris Palmer
Рет қаралды 30 М.
Howard Marks: 78 Years of Investing Wisdom in 60 Minutes (MUST WATCH)
1:05:30
How Much Do You Need to Save?
14:42
Damien Talks Money
Рет қаралды 106 М.
Where Should You Pull Funds from First in Retirement?
17:10
James Shack
Рет қаралды 147 М.
21 Trading 212 App Tips You Need To Know!
15:53
Mitch Shoesmith
Рет қаралды 37 М.
小丑揭穿坏人的阴谋 #小丑 #天使 #shorts
00:35
好人小丑
Рет қаралды 22 МЛН