MT Week - My Nutmeg investment is doing great, but I’m thinking about leaving

I’ve been with investment platform Nutmeg for over two years now and I’ve loved it.

It’s easy to use, there’s no hassle and the returns have been pretty good.

But after an experiment I started last year, I’m planning to move on.

In the first of this two-part review, I’ll discuss my experiences with Nutmeg and why I’m looking for a change.

As a disclaimer, Nutmeg is currently owned by JP Morgan Chase. Like any other investment platform, there’s no guarantee of return.

In fact, you could lose all your money. Case in point, at one point last year, the value of my portfolio was worth less than what I had put in, and it’s still recovering.

So you should only invest what you can afford to lose, and invest with a long term goal in mind.

There are no hard and fast rules around timings but it usually means at least five years, and ideally longer than 10.

My current goal is to look at returns in around five years, because I anticipate that I’ll need the money then to pay off my mortgage, which of course affects my approach to investing.