Interactive investor charges (and GRR to H&L)

premierfella

Daelim wrote: »

I buy the HSBC FTSE 100 Tracker and the Aberdeen Emerging Market Funds each month with the regular investment setup on iii.

I've never been charged 10 pounds to do this, always the 1.50.

So as to avoid confusing the OP further (or to correct my last post!), I assume that is because you are purchasing a HSBC ETF rather than a traditional fund?

fimonkey

sabretoothtigger wrote: »

Investment fund he could but not unit trust

Blimey - this is getting more confusing by the second! What's the difference (I know what an ETF is) and which one does the HSBC all shares tracker come under?

Thanks

fimonkey

premierfella wrote: »

So as to avoid confusing the OP further (or to correct my last post!), I assume that is because you are purchasing a HSBC ETF rather than a traditional fund?

But I thought it wasn't worth purchasing an ETF with a drip feed option (i.e. £100 pm) - hence me buying the tracker instead.

psychic_teabag

HSBC has uk indexes available as both ETF and as OEIC.
Though this etf list suggests only 100 and 250 flavours are available, not all-share. http://www.etf.hsbc.com/etf/uk/retail

For drip feeding, yes, a fund would normally be cheaper than an ETF. (I think some platforms do charge for fund purchases. But I don't know anything about iii myself.)

See also http://monevator.com/2010/11/16/etfs-vs-index-funds-differences/

fimonkey

premierfella wrote: »

fimonkey wrote: »

Look the fund up here to find out what initial charge applies (probably 0% for your HSBC fund):
http://www.iii.co.uk/funds/fundfilter?task=show_fund_search

Thank you, it is indeed 0%

You are looking for a FundsBuilder within your ISA:
http://www.iii.co.uk/investing/funds/how-invest/funds-builder

Thank you again, looks like this is what I have done by setting up a regular investment into my ISA it looks like it then does the rest automaitically (ie charges you £1.50)

And unfortunately you appear to have missed out on the opportunity to get some of those charges refunded by ii:
http://www.iii.co.uk/trading/share-dealing/step-step-guide-transferring-your-investments

Ahhh I was a bit mad at myself when I saw this, but as I'm only transferring 1000 and the value of the cash offer is 0.5% of that transferred I have missed out on just £5 so I'm Ok with that (still irritated I paid the transfer charges from H&L cos I knew no better).


As has already been said, the regular investment charge only applies to UK shares - the only charges on the funds would be any initial charge mentioned. Assuming 0% on the HSBC fund, your £100 would thus buy £100 worth of the fund at the prevailing price (the annual management charge, etc is of course incorporated in the fund price).

Thank you once again!

fimonkey

psychic_teabag wrote: »

HSBC has uk indexes available as both ETF and as OEIC.
Though this etf list suggests only 100 and 250 flavours are available, not all-share. http://www.etf.hsbc.com/etf/uk/retail

But this page from ii shows the HSBC all shares tracker IS available http://www.iii.co.uk/funds/fundfilter?task=show_fund_search&o=1&searchtype=basic&submitted=submitted&l=50&FS__FSM__id=15&FS__FSS__id=&FS__fn=&FS__ia=&FS__y_gt=&FS__rr=

I keep getting hold of the wrong end of the stick though - have I done it again?

premierfella

fimonkey wrote: »

But this page from ii shows the HSBC all shares tracker IS available http://www.iii.co.uk/funds/fundfilter?task=show_fund_search&o=1&searchtype=basic&submitted=submitted&l=50&FS__FSM__id=15&FS__FSS__id=&FS__fn=&FS__ia=&FS__y_gt=&FS__rr=

I keep getting hold of the wrong end of the stick though - have I done it again?

Yes, I think the reference to it not being available was in relation to a HSBC FTSE All Share ETF.

Thank you again, looks like this is what I have done by setting up a regular investment into my ISA it looks like it then does the rest automaitically (ie charges you £1.50)

As I understand it you should not be charged the £1.50 if you have selected one of the 0% initial charge HSBC funds on http://www.iii.co.uk/funds/fundfilte...ow_fund_search (i.e. not an ETF).
You will of course be charged the £1.50 per share on your chosen share purchase(s) though (some in your position would do the share purchases less regularly than once a month, but that is a personal decision - weighing up the extra £1.50s against the admin time of logging in and changing the regular investment instruction periodically).

fimonkey

Phew, I think I have that sorted in my head then and thanks to everyone for sharing your intelligence and knowledge.

RE: the £1.50 deal for shares - I pay it because I am slowly (very slowly as in just £150 every month with a few months missed out here and there) building up a portfolio of dividend shares which I intend to hold on to for a long long time! It then spurs me into taking an active interest in the companies who's shares I buy.

I enjoy logging and in and reading the discussions and picking up snippets of info here and there (I still don't yet have the skills to understand everything about a companies accounts, I only just understand p/e's). I am doing quite disasterously having bought Aviva, Centrica and Tesco - all of which then dived. But Vodafone and Astrazeneca are doing OK and as I said - its a learning experience at the moment. I have my eye on Diego and Unilever for Feb's acquisition - I missed Jan's 23rd deadline due to a holiday and I had a 'spare' £150 this month from some overtime I did.

Unfortunately I don't have the discipline to put the same amount into a savings account and let it build up before I buy shares, and I also would not be motivated to read about companies if I did that.

Thanks everyone once again - this board beats MF and ii for patience in explaining things to dumb-sters like myself.

lvader

With ii you pay the intial charge minus discount with is typically 1%, there is no charge for holding stocks or funds.

premierfella

fimonkey wrote: »

Unfortunately I don't have the discipline to put the same amount into a savings account and let it build up before I buy shares, and I also would not be motivated to read about companies if I did that.

You don't have to put it in a savings account - you can leave the instruction to credit your ii account monthly with the £250 (the bit on the left side of the regular investment screen), building up the balance in your S&S ISA rather than a savings account, and play around only with the investment instruction on the right hand side of the regular investment screen.

As I said though it depends on how much you value your time as to whether you choose to invest monthly or less frequently.