“I like an easy life – and the Wealth Club Portfolio Service makes my life easier”

Recently, Wealth Club member and experienced investor, Mr Ricky Mehta, chatted with us about why he chose to invest in the Wealth Club Portfolio Service. These are his views.

“I like an easy life – and the Wealth Club Portfolio Service makes my life easier”

I’ve been in IT all my life: I had a few limited companies and worked as a contractor. 

I started putting money into a pension 10 or 11 years ago, primarily as a way to reduce tax. I chose Standard Life because I wasn't too familiar with individual stocks and shares and I thought their website was the easiest to understand and the most straightforward.

I chose how much risk to take – at that time it was medium to high risk – and just left my money there for a number of years. But, as the years went on, I started paying attention to fees more and more. I thought I was perhaps paying too much. So, I decided to transfer first to interactive investor and from there to Fidelity. 

From VCTs to transferring a pension

Meanwhile, around six or seven years ago, I went to see a financial adviser. They said: “why don't you have a look at VCTs?”. But they would not recommend a specific VCT to invest in unless I agreed to them looking at my whole situation. 

I wasn’t interested in that. So, I started to look at VCTs on my own. And that’s how I came across the Wealth Club website. 

I thought everything was laid out very well. It was clear to understand, and I thought the online application aspect was brilliant. I loved it and it made the whole process so easy.

When the Wealth Club Portfolio Service was launched, I thought I ought to have a look at it. 

What prompted me is the fact that I'm already a customer, plus I've watched most of the video interviews on YouTube with VCT and EIS managers. I remembered Jonathan Moyes, who’s looking after the Wealth Club Portfolio Service, from those. 

I also watched the video where Wealth Club’s CEO, Alex Davies, interviews Jonathan and tells the story of how when he brought him in, he asked him to take a look at his own portfolio to see what could be improved.

An easier life at no additional cost

I could relate to Alex’s story. Like him, I too had various pots dotted around the place, and it was taking quite a bit of time and effort to stay on top of each. Plus, I wasn’t completely sure how all the various investments fitted together. 

So, because of that build-up of trust and as I was a client already, I decided to move some money over and see how it goes. 

It’s still early days and, of course, there have been a few turbulent weeks in the market, but that’s expected. After things settle, there could be a period of growth, I'm hoping. 

The Wealth Club Portfolio Service wasn't the cheapest, it wasn't the most expensive, but it is something I am happy with. And I would absolutely consider moving more of my money with time. I like an easy life. And having my investments all in one place obviously makes my life easier.