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I liked Plum for a bit, but eventually just moved to Vanguard since with Plum I was just paying into the same funds with an extra fee on top. The Plum fee sounds small at <0.5%, but when the annual growth is say 5-10%, that actually means you're losing as much as 1/10th of it. Obviously this compounds over years/decades.
But, having said that, it was quite nice that it did the saving for me and I didn't really have to budget or think about anything
Did you open the ISA account? You get fucked on tax if it's not in an ISA
frankenbike
yoshy
Hello, total noob here who's been in a fairly bad way financially for a while. Getting on top of debt now and building up the rainday fund to the point I'd like to start siphoning off a small amount of the money I'm saving to invest. Currently using Plum, which is nice for helping me save. Path of least resistance seems to be to set up a "pocket" to invest with there, and let it do it's thing? Any strong recommendations for anything else (gold or similar?) or strong recommendations against using Plum? I keep half an eye on the thread but it goes over my head pretty quickly.
Liked the "time in market > timing the market" thing. Had a play with pocket money and btc trying to time things and holding would have done better.