Vanguard Life Strategy

ccbrowning

Blackdog wrote: »

That's correct it is not a charge as such but you get 0.24% less units everytime you invest.

Yeah, just did the math on them - it's more obvious on my BlackRock funds that are like .57%.

innovate

Blackdog wrote: »

That's correct it is not a charge as such but you get 0.24% less units everytime you invest.

Quite a sneaky way of taking the charges off us, hadn't noticed this myself before.

Though I found these charges - however accounted for - are quite quickly forgotten, anyway, when you look at the value of your fund.

Totton

It's a great option imho, Troy do the same. The idea being that new purchasers pay the associated fees rather than the associated costs being soaked up by everybody. In the end, for this charge you just pay a % of whatever you invest.

innovate

Totton wrote: »

The idea being that new purchasers pay the associated fees rather than the associated costs being soaked up by everybody.

Soaked up by everybody?

I want out if this is true!!!

ccbrowning

Here is what Vanguard says about the levy: https://www.vanguard.co.uk/documents/adv/literature/protecting-investors-from-dilution.pdf

innovate

But surely none of this says the initial charge it waived?

bigfreddiel

Carpi09 wrote: »

Thank you

The only thing holding me back is the fact that my colleagues are telling me to stay away from shares as we are in a recession. I don't know enough about S&S so i cant argue their point. If anyone could give me some confidence?

Basically a few of them are telling me to go into property development and then rent them out...

love the way everyone else is always a financial wizard with someone elses money - what makes your mates so knowledgable about the future finances of uk plc?

renting out a property - from a distance - sheer lunacy

imagine tenants fromhell, using doors as a bonfire on nov 5th (happened to a mate of mine), not paying rent and getting Shelter on their side (happened to a mate of mine) denying all damage when moving on and then suing for deposit (happened to a mate of mine) - a few months with no tenants (yep you know what.....) tax returns, legal stuff, safety certs, agent fees, and ten other things you never imagined could happen - well if you're happy with that go for it - i bet your mates don't

fj

Carpi09

So this £2 platform fee, does this mean I can make as many trades as possible without having to pay a fee?

I am feeling more confident about picking shares myself now after hours of reading, I just don't understand the fees at all.

So if I wanted to buy some shares with Tesco, would I have to pay the 5.95 trading fee on top of other fees even if I invest say just £100?

sleepless_saver

I've always found HL fees and charges confusing too (which is why I mostly use someone else now). Have you had a look at their ISA fees and charging info on website? With, say, Tesco shares you'd pay 0.5% stamp duty, a dealing charge which depends on the number of deals you do, and 0.5% a year holding charge with an upper limit of £45 for shares in an ISA. It's different for funds.

Something to watch out for is that they don't reinvest dividends until the dividends reach £200 - which can take a very long time if your initial investment is not large. ETA - though I assume this doesn't apply to Acc shares.

takesyourchances

I now have £2600 into my Vanguard 60% fund from two lump sums of £2000 and £600 with a direct debit for my first monthly drip feed going in on Thursday for £150, I am looking forward to seeing how the drip feed works and adding it so I get used to this. I am thinking from March on upping the monthly drip feed to £200 a month to build the fund up and will see about a smaller lump sum before April for this Tax year.

Hopefully everything will progress well with this and looking forward to seeing how the drip feed works and clears online into the fund for the first time.

I have also been reading various posts on the site here and also reading various articles on Monevator to learn more about investing, which I have found very good and interesting

Best regards.