Cheapest way to invest in Vanguard LifeStrategy 80

concrete_kid

I've never had any investments before, however I now feel I'm ready to take the plunge.

What is the cheapest way to invest £200 a month into Vanguard Lifestrategy 80 fund? I've tried to research it myself however it is quite complicated. Is there any comparison sites I can use? Thanks.

Eco_Miser

http://monevator.com/compare-uk-cheapest-online-brokers/
Read the rest of that site as well, it's essential reading for new investors.

dunstonh

I've never had any investments before, however I now feel I'm ready to take the plunge.

As a new investor, are you ready for a high risk investment like the VLS80? its above the typical risk tolerance of the average UK investor. Especially new investors who have yet to experience negative periods.

Kendall80

concrete_kid wrote: »

I've never had any investments before, however I now feel I'm ready to take the plunge.

What is the cheapest way to invest £200 a month into Vanguard Lifestrategy 80 fund? I've tried to research it myself however it is quite complicated. Is there any comparison sites I can use? Thanks.

In terms of online brokers probably charles stanley direct (0.25% platform + 0.24% fund) - although i havent compared brokers for a few months so best to do your own research.

georgemason

I invest about that amount in VLS80 per month

I did the same research you are looking for about 3 months ago. A S&S ISA with either Charles Stanley Direct or Cavendish Online is the cheapest way to do it. They have no dealing fees for funds. I am with Charles Stanley Direct myself.

concrete_kid

I have done quite a lot of research. I plan for it to be invested for 25 years plus, and expect to add in more lower risk investments as my salary increases. My idea is that I'd rather be exposed to higher risk earlier on, rather than nearing retirement.

redpete

concrete_kid wrote: »

I have done quite a lot of research. I plan for it to be invested for 25 years plus, and expect to add in more lower risk investments as my salary increases. My idea is that I'd rather be exposed to higher risk earlier on, rather than nearing retirement.

Does the 25 yr time-scale open up pensions as an investment vehicle - that would cut the cost.

atush

I agree if a 25 yr time scale, do look at pensions.

concrete_kid

I already have a pretty good work pension (NHS) is that relevant?

dunstonh

pensions and ISAs have the same charges and the same investments. The only difference is the maturity process and taxation. So, dont look at the pension as a product but as a wrapper and decide which wrapper (or combination) is best.

atush

concrete_kid wrote: »

I already have a pretty good work pension (NHS) is that relevant?

Esp relevant if you have a DB scheme that has a retirement age of 65+. AS you might want to retire early, therefore us the DC/personal pension to pay you income int he years between actual retirement and your scheme age.

AS if you take your NHS pension 10 years early, it will be reduced by 50%