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Easiest way to buy a tracker?
debbie42
Posts: 2,586 Forumite
My hubby has just asked me (in my p.a./general dogsbody capacity) to sort him out a 4K tracker ISA with this year's allowance. He isn't interested in any other funds (I did ask!).
He already has an existing M&G FTSE tracker ISA, and a Selftrade ISA. What's going to be the easiest way to sort him out with this?
I figure if he goes for M&G the paperwork should be minimal. I've only ever bought shares via Selftrade, not funds, but assume I could sort him out a tracker equivalent that way too, with, again minimal paperwork?
I am, as you might have gathered trying to make life easy for both of us, as trying to get him to sort paperwork out is a bit of a nightmare!
He already has an existing M&G FTSE tracker ISA, and a Selftrade ISA. What's going to be the easiest way to sort him out with this?
I figure if he goes for M&G the paperwork should be minimal. I've only ever bought shares via Selftrade, not funds, but assume I could sort him out a tracker equivalent that way too, with, again minimal paperwork?
I am, as you might have gathered trying to make life easy for both of us, as trying to get him to sort paperwork out is a bit of a nightmare!
Debbie
0
Comments
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If he wants the poor performance of the tracker he may as well get him to purchase it as an ETF rather than a unit trust. Probably by self trade.
self trade are expensive for unit trusts.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 -
He already has an existing M&G FTSE tracker ISA, and a Selftrade ISA. What's going to be the easiest way to sort him out with this?
Buy an ETF in the Selftrade ISA - they are traded like shares, so same procedure. Purchase is free of commission in the ST ISA. More info on the ishares site.0
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