Vanguard Life Strategy

ColdIron

Stretlow wrote: »

i'm not able to invest in vanguards lifestyle through them

That'll be Vanguard LifeStrategy

Pop your numbers into this to get some idea (choose funds and not shares)
You may find that a percentage fee provider that doesn't charge for transactions like Charles Stanley Direct could suit
http://www.comparefundplatforms.com/

Stretlow

ColdIron wrote: »

That'll be Vanguard LifeStrategy

Pop your numbers into this to get some idea (choose funds and not shares)
You may find that a percentage fee provider like Charles Stanley Direct that doesn't charge for transactions will suit
http://www.comparefundplatforms.com/

sorry that's what i meant

Thank you for the pointer

adindas

In early April I will have about cash Isa of about 25k which comes from my Regular Isa for this tax year subscription and few from my previous Isa subscription. I will need to divert this money as by that time it will be earning a pittance less than 1%
As far as I am aware, I have subscribed to all of the best easy access current account, RS paying 2%+. Also I have put smack amount in th p&p lending and currently have no interest to increase it.

I do not need access to the money for at least 5 years, So imo my best option is to divert it to S&S ISA. I am considering subscribing to VLS 80 S&S ISA. Is there any better option than this??

I think I will put a lump sum of 25k is a better option than drip feeding it, as earning less than 1% interest simply not good enough to keep up with inflation. Am I right??

I do not need any financial advice, fancy platform, etc. I am looking into the most cost effective S&S ISA platform to buy VLS 80 for about 25K investment. I have read somewhere about iWeb £5 per transaction and no admin/ management fee. Is there any better option than this ??

Thank you very much for your time.

chockydavid1983

If you want to invest in VLS 80, the cheapest platform will depend on pot size and how often you'll be buying:
http://www.comparefundplatforms.com/
http://monevator.com/compare-uk-cheapest-online-brokers/

Camster

I think iweb or halifax would be a good option. I joined halifax when iweb were charging a £200 fee, and have had no problems with them.

The site probably isn't as sophisticated as some out there, but for £12.50 a year platform fee, it's good enough for my needs.

Elijah_Bailey

The Iweb website is currently very basic but I got an e-mail today advising that it is about to be re-vamped so the site is more suited to smartphones, tablets etc.

Hopefully it will be soon be a lot more polished than the site is at the moment.

Jeems

Does anyone know why iweb seem to be 24hrs behind with their prices? I dont hold any other funds with them, only VLS80. I check the HL site if I want the most current price. When I asked them, they said they update when the fund manager tells them the price but if HL, CS and others get the current price, why do iweb lag?

bowlhead99

Different funds value at different times of the day and different managers take different amounts of time to publish those values that they have prepared, and different information services take different amounts of time to pass that pricing information on to the platforms, and platforms take different amounts of time to process the data which they have received and make it available on their own funds pages.

You might find that feasibly one platform waits to receive all the prices from a group of funds before they load them onto their site, while another will just link to a direct feed from a data supplier.

You can get Vanguard's price once it's been published for the day from their own site (https://www.vanguard.co.uk/uk/portal/investments/all-products?assetType=BALANCED), select the pricing from the drop down at the top; or from the FT, or lots of other places.

But Vanguard Lifestrategy funds are not priced in real time second by second anyway (unlike shares traded on an exchange). As with other open ended oeic/ icvc /unit trust funds, you can't deal at the price that has already been published, you can only ever deal at the next price they set, which has not been published.

For example, Lifestrategy is priced at 9pm UK time, but the cut off to subscribe or redeem at that day's price is 10am London time. If I go to Vanguard's own site, or HL's, or IWeb's, right now, at 11.45pm Friday 17th, it is too soon for their accountants to have valued all the assets and published the price for 9pm Friday 17th. So, all I can see is the price they published for 9pm Thursday 16th, i.e. £189.24.

If I order now, I am not going to get Friday's price anyway, because I missed the cut-off to do that at 10am this morning, so my order to buy or sell X number of units or Y value of shares would instead catch the 10am Monday morning cut-off, to subscribe me in or redeem me out of the fund at the price they set at Monday 9pm. And I am not going to get my contract note showing how many units I actually bought or sold for what price until Tuesday at the earliest.

The price of a fund can go up or down by a percent or two in a day but something material like 10% would be a massively unusual daily occurrence. So, you are not really going to accidentally change the whole structure of your portfolio or make a totally incorrect subscription or redemption decision based on the fact your fund price was an extra day out of date.

Investment funds are for the long term. You may not be using the money that's currently represented by your fund price, for a decade or more - during which it will have plenty of opportunity to change. The solution is to not bother looking every day, and if you do look, just mentally round it off to the nearest couple of percent and don't think about it being some highly specific amount of pounds and pence that you can access anyway - because it will have changed by the time that any buy or sell order that you could make there and then, actually goes through.

If it is out by one day because your fund platform didn't update their numbers yet, the difference from that price they are showing to the actual latest price that someone else is showing, is only going to be out by a day's worth of movement - and when you put your order in you accept there will be another day's value movement again (positive or negative), which you can't control, before you actually get your fair valuation of the assets at the time the dealing price is set.

Gadfium

In other words, don't sweat it. In 10 years you won't even remotely remember the one or two days difference.

Fatbritabroad

I tend to look every day.although I only look when it's positive lol don't look when it's negative