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Drip-feed rather than lump sum
leaphaze
Posts: 361 Forumite
I have £200 per month to invest in a Stocks and Shares ISA via one of the discount brokers using a fund supermarket. I'd like to split my £200 between 4 (or more) different funds. Having had a look around, I'm concerned that many of the interesting funds have a minimum investment amount, usually £1000. Does this mean I can't invest in these funds? Or do brokers lump monies for the same fund together to get over these limits?
Wearing my other one today.
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Comments
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It can be a good idea to consider pound cost averaging as you average out the ups and downs. When paying monthly, the minimum contribution is usully £50 per fund. This does vary with the different fund supermarkets. Most of the "fashionable" discount brokers appear to choose one fund supermarket so as long as you get one that uses cofunds or fidelity fundsnetwork, then you shouldnt have a problem.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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