From daffodils to dividends, lessons from 30+ years of investing
When you have been investing for a long time, it’s common to end up with “a comet tail of good ideas” rather than a portfolio – I have experienced this first-hand with my own “collection” of investments.
I’ve recently discussed this – the issues it could cause, and possible solutions – with Alan Durrant, the new Chair of the Investment Committee for the Wealth Club Portfolio Service. He’s been managing money – or teams that manage money – for over 30 years.
Like me, Alan began his career at Hargreaves Lansdown. He then moved to Skandia and launched the popular range of best ideas funds, before becoming Group Chief Investment Officer at The National Bank of Abu Dhabi and then co-founding and exiting a wealth management business in the UK.
What are some of the common portfolio pitfalls he’s observed in his 30+ year career? What drew him to join our Investment Committee and invest in the Portfolio Service? How does he think the Wealth Club Portfolio service stand out compared to alternatives – and why daffodils? Watch the video to find out.
Important: In this video, Alan shares his views – this is not personal financial advice. Our discretionary Managed Portfolios are long-term investments which can fall as well as rise in value; returns are not guaranteed. They are for investors happy to make their own investment decisions without advice. If unsure they are right for you, seek advice.
From daffodils to dividends, lessons from 30+ years of investing
The Wealth Club Portfolio Service: investing with a long-term lens
The Wealth Club Portfolio Service is designed to help you grow your wealth in the long term without the hassle of selecting your own investments (we do that for you, though this is not advice).
You can choose from five portfolios. Each is well diversified across asset classes and geographies: it's the type of portfolio a private bank or wealth manager might build for you – but without the hefty price tag. In fact, you could pay around 40% less than you would if you used an adviser, and roughly the same if managing a typical fund portfolio yourself on a DIY platform.
You can transfer existing investments or invest new money – in an ISA, a SIPP or a GIA (General Investment Account).
The portfolios are a long-term investment. They can fall as well as rise in value and returns are not guaranteed. Before investing, please read all the investment information to ensure you fully understand the risks and potential rewards.
Why consider investing in the Wealth Club Portfolio Service?
Get the 10 main reasons in one place: download our quick report including a recent client case study.
Wealth Club aims to make it easier for experienced investors to find information on – and apply for – investments. You should base your investment decision on the offer documents and ensure you have read and fully understand them before investing. The information on this webpage is a marketing communication. It is not advice or a personal or research recommendation to buy, sell or hold any of the investments mentioned, nor does it include any opinion as to the present or future value or price of these investments. It does not satisfy legal requirements promoting investment research independence and is thus not subject to prohibitions on dealing ahead of its dissemination.
Alex Davies
Chief Executive
Alex was a board director at Hargreaves Lansdown, where he worked for 15 years. He was responsible for building Hargreaves Lansdown into the biggest direct-to-consumer SIPP provider in the UK with more than 150,000 clients and over £12 billion under management. He is a keen investor with a portfolio of shares, funds, student property, EIS and VCT investments.