Moving from ftse tracking isa

garybarlowsbeard

I signed up to a ftse tracking vigin isa, mainly for the quidco - £75 for £100pm (think it's still on and is a top offer if anyone interested). It's done ok but i suspect the ftse is gonna drop a fair bit so am keen to move it on once the cashback is paid in the next month or so. Can anyone recommend a decent shares isa and is it in anyway possible to put it into a fund that would do well if the ftse does badly?

Thank you.

dunstonh

I signed up to a ftse tracking vigin isa, mainly for the quidco - £75 for £100pm (think it's still on and is a top offer if anyone interested)

I am guessing you mean quidco is a top offer as the Virgin fund certainly isnt.

Can anyone recommend a decent shares isa and is it in anyway possible to put it into a fund that would do well if the ftse does badly?

That would be a regulated activity and the board doesnt like that. Discussion and comment is allowed though. If this is the only fund you have then its bad investing. Eggs all in one basket (as well the fund itself being very poor value for money). There are plenty of funds available that increase the diversification. So, you wouldn't be reliant on the performance of UK equity alone (which has been a very poor area for performance for most of the last 20 years). However, which would be suitable would depend on your risk profile and what platform type you are willing to use. You also need to consider you are paying a regular premium. So, having volatility can be a good thing. Although it may be that you prefer to have some of the capital built up at a different risk level.

jimjames

An ISA is just a wrapper, you can put (pretty much) any fund or share inside it.

Having a diversified portfolio means you are not dependent on the FTSE. Remember the Virgin tracker has an annual charge of over 1% when the lowest charges for a tracker are 0.1% which gives an idea of how much you could save in charges but moving elsewhere.

jamesd

For that amount per month, go for a global index tracker as the base investment for at least £50 a month. If it's as much as £100, add something else. Don't use just a UK tracker or active fund. If it's long term investing for decades you might consider adding an active fund like Aberdeen Emerging Markets, which is formally closed to new business but still available from a range of fund supermarkets. Note that like the FTSE tracker the global fund in a bad year can be expected to drop by between 20% and 40%, while the emerging markets fund could drop by twice that. Each expected to then recover and grow more in later years.

innovate

garybarlowsbeard wrote: »

.....so am keen to move it on once the cashback is paid in the next month or so..

Can you move the Virgin tracker - who else offers it?

Do you have to sell your Virgin tracker before you can move the ISA?

jimjames

innovate wrote: »

Can you move the Virgin tracker - who else offers it?

Do you have to sell your Virgin tracker before you can move the ISA?

I'd certainly suggest selling it rather than keeping to move elsewhere. You can get far better value than the Virgin UK tracker fund as I mentioned above.

ccbrowning

Nothing wrong with a tracker fund now, but that one is a horrible deal!

I have an FTSE all shares index fund I invest in and am just buying more as the price has gone down a bit very recently. Don't buy and sell on emotion...

garybarlowsbeard

I only got it for the cashback really - with that it's a very good short-term investment. Thanks for the advice. will look ay my options once i know the cashback is paid.

Robert99

Interest concept by Virgin to use quidco (just read all the comments on the offer on the site)

Virgin FTSE all-share tracker 1% cost
db x-trackers FTSE All-Share ETF 0.4% cost
HSBC FTSE all-share tracker 0.27% cost