Is it worth starting S&S with small deposits?

jimjames

imjayw wrote: »

Thank you for an amazing and simple explanation!
I'm going to look more in detail in the Vanguard LS 80. From my small understanding, it covers a slightly above average risk; what would be the absolute minimum time frame to invest in this package? Would the 60% be better?

60% should be less volatile as it has 40% bonds compared to 20% in the VLS80. It really depends on your attitude to risk, I'm investing for long term and have the equivalent of VLS100 so no bonds at all.

Vortigern

imjayw wrote: »

I'm going to look more in detail in the Vanguard LS 80.

For VLS funds you may find Charles Stanley Direct to be cheaper than HL

panter

webnibbler wrote: »

a UK All Share Tracker bought on a percentage based investment platform like Hargreaves Lansdown. would be a great place to start.

I agree with this. You could start by investing in an all share tracker on Hargreaves Lansdown, and then after a year or whatever put future monthly subs into a different fund.

But starting now investing into something is the thing to do. Specially if the alternative is searching for ever for the "best" investment and meanwhile doing nothing.

SpeedSouth

jimjames wrote: »

60% should be less volatile as it has 40% bonds compared to 20% in the VLS80. It really depends on your attitude to risk, I'm investing for long term and have the equivalent of VLS100 so no bonds at all.

What do you judge to be long term Jim? Currently I have a VLS 60 holding at 10k which at the moment I think suits my risk attitude.

But will be looking to invest to supplement my pension too hopefully.. I'm currently 34.

imjayw

Vortigern wrote: »

For VLS funds you may find Charles Stanley Direct to be cheaper than HL

I've found VLS80 on Charles Stanley Direct. I'm leaning more towards acc, as to reinvest any dividends I may aquire; although I'm wondering would it be possible to change this to income somewhere down the line?

Also you mentioned it may be cheaper on Charles Stanley. What type of fee's would I come across? I'm trying to figure this out on my own, but just need a little help. I take it there are no fee's for any monthly deposits? I assume there would be a £10 charge once I purchase VLS80; and a 0.25% annual fee on whatever I have in the account? Would there be any other fees?

Eco_Miser

There's a £10 per holding exit fee as well.
Have you looked at http://monevator.com/compare-uk-cheapest-online-brokers/ All the platforms are there.

darkidoe

Looking at Charles Stanley myself. i can't find the £10 exit fee charge on the fee and charges on Charles Stanley Direct website. MSE website also mention it's free to transfer: http://www.moneysavingexpert.com/savings/stocks-shares-isas#charlesstanley Anyone can clarify?

Vortigern

imjayw wrote: »

I've found VLS80 on Charles Stanley Direct. I'm leaning more towards acc, as to reinvest any dividends I may aquire; although I'm wondering would it be possible to change this to income somewhere down the line?

Yes, you can switch funds free of charge at the moment.

Also you mentioned it may be cheaper on Charles Stanley. What type of fee's would I come across? I'm trying to figure this out on my own, but just need a little help. I take it there are no fee's for any monthly deposits? I assume there would be a £10 charge once I purchase VLS80; and a 0.25% annual fee on whatever I have in the account? Would there be any other fees?

• No fees for monthly deposits.
• No £10 fee for buying funds. The £10 charge is for buying shares.
• 0.25% per annum fee, charged monthly.
• There's a £10 per stock withdrawal fee, but I'm not sure whether this applies to ISA transfers out.

theoretica

I am very glad I started small as it got me used to seeing my funds go down as well as up!

darkidoe

Vortigern wrote: »

Yes, you can switch funds free of charge at the moment.

• No fees for monthly deposits.
• No £10 fee for buying funds. The £10 charge is for buying shares.
• 0.25% per annum fee, charged monthly.
• There's a £10 per stock withdrawal fee, but I'm not sure whether this applies to ISA transfers out.

Sounds good. I hope the £10 withdrawaal fee does not apply to ISA funds/etfs. I am looking to transfer to CSD this coming April. One of the cheapest platform and have the largest variety of low cost funds.