Part of the recent-ish controversy about the Woodford Funds was some valid questions from consumers

about why the Fund continued to be on platform buy lists even while it was apparently having some difficulties.

Awkward.

Yep, platform by lists have been under some scrutiny recently and with good reason.

So I wanted to look at some reasons why I think you should not consider buying funds off

platform Buy lists.

So let's put five minutes on the clock down here, never quite sure which side that's on.

Say a quick thank you to my friends at 7 Investment Management for continuing to sponsor the show and

let's crack on their

Hargy's Landsdown particularly came in for quite a lot of flack recently over the Woodford funds being on their Wealth 50 buy list. Now in their defense

Haragans lands down said that the Wealth 50 is not a buy list. Instead it's a their that they thought those funds were best in class and then it's the public's job to make up

their mind.

So that's old news now really but the key point is that they thought those funds were

best in class but the reasons for thinking that, to my mind is still a little

bit unclear. One question that you always need to ask, whenever somebody with a vested interest

tells you to do something, or suggests that you do something like

a buyer fund of a buy list. That question is simply why? In this case at the very

least we need to ask why is this fund on that list?

In fact, let's go one step further and ask,

why is there a favorite fund list at all?

The answer to that is that it serves both the platform

and the fund manager, but you, the investor, are certainly not the main winner here.

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