Help with first investment!

savingforoz

Baldbloke, check out the Fidelity tracker range - https://www.fidelity.co.uk - their charges tend to be lower than L & G, particularly the Moneybuilder UK Index All Share Tracker (no initial charge, annual charge just 0.3%).

Oops - just seen in your post you mention Fidelity anyway!

baldbloke_2

Thanks. Fidelity seem superb and in truth I have dithered over the L&G v Fidelity decision for several weeks. Their Moneybuilder range are impressive to be sure.

Also L&G have an 0870 number for existing investors but an 0800 number for new investors! Surprise Surprise! Always gets me a tad irritable that small detail!!! At 10p a minute from an NTL phone that is a point to consider should queries arise for a newbie like me!

Interestingly Halifax continue to use the geographic code for their York centre - 01904 - good for them!

savingforoz

Know what you mean baldbloke about the 0870 thing!

Since my last post have been checking Fidelity again - their UK Index tracker does look very good, and can be bought alongside managed funds in an ISA wrapper via a funds supermarket such as Hargreaves Lansdown, so it doesn't have to be a debate over tracker versus managed. Hargreaves Landsown give good discounts on the inital charges. So you could always mix the predictability of a tracker with something more exciting and still roll it all up in your ISA allowance, all with quite low fees.

al_yrpal

Cant understand all this "investment ends at the UK tideline" stuff. Dont you want a 30%+ return? Check them out at http://www.trustnet.com/ut/funds/perf.asp?sort=29&ss=0&txtS=&txtSS=&columns=&page=0&booIMA=0&reg=all&sec=fof&ima=all&unit=all&type=all

savingforoz

I do agree Al_yrpal, have just put some money in Aberdeen's Emerging Markets Funds myself. If you're after a tracker, though, they can be good for people who want a more cautious approach or who want to dip a toe in the water of investing.

spanner200

thanks for that, I hadnt really considered funds of duns but it poses a much more attractive proposition because of the oppurtunity to diversify- however I presume a minimum lump sum investment of £1000 is needed? As I mentioned earlier I am really only able to 'drip-feed' a regular amount into a fund every month- any suggestions of fund of funds which allow this?

savingforoz

I think you can do regular contributions - not sure. Go the the Trustnet link posted above, refine the search parameters at the top to search on Fund of funds, then click on the links to those you are interested in. It should tell you how they can be funded.

al_yrpal

spanner200 wrote:

thanks for that, I hadnt really considered funds of duns but it poses a much more attractive proposition because of the oppurtunity to diversify- however I presume a minimum lump sum investment of £1000 is needed? As I mentioned earlier I am really only able to 'drip-feed' a regular amount into a fund every month- any suggestions of fund of funds which allow this?

If you just click on any of the fund names in the link above you'll see something like this http://www.trustnet.com/ut/funds/?fund=723 and it shows you what the terms are ie £500 initial etc.

Trackers are alright in a rising market and they have very low charges, but you can avoid the 5% odd initial charges by buying your funds through Chartwell https://www.chartwell-investment.co.uk as recommended by Martin