Platform advice

frenchplonka

Hi guys im looking to make reg small deposits into a investment fund its surplus money of around 50-100 per month id like the money to work as hard as possible over the next 20-30 years but i also dont want it eaten up by reg charges that i incur every time i invest.

Im going to choose a vangaurd product most likely the LVG80 based on this information which platform should I choose in the short term to handle this

eskbanker

Comparisons are available at:
http://monevator.com/compare-uk-cheapest-online-brokers/
http://www.comparefundplatforms.com/
https://forums.moneysavingexpert.com/discussion/5583030

frenchplonka

God all that is like jargon to me

frenchplonka

does anyone have any advice on which to use or chose I have read some of the articles but it is overwhelming to say the least.

I do know that I wish to make monthly investments maybe even weekly but only into a fund not interested in stocks or shares

copthis1

I have little knowledge about money/investing, however, I have seen that depending on which fund you want to invest in, the charges can vary considerably. I have found my chosen fund on H&L for a yearly charge of 0.55% and nothing for monthly deposits, while on Fidelity it was over 1%.

coyrls

frenchplonka wrote: »

God all that is like jargon to me

You need to check: platform charge, regular dealing charge (if any), minimum amount for regular investments.
I think you need to understand your platform choice well enough to do this yourself. I would start by looking at Halifax and Vanguard for starters.

frenchplonka

coyrls wrote: »

You need to check: platform charge, regular dealing charge (if any), minimum amount for regular investments.
I think you need to understand your platform choice well enough to do this yourself. I would start by looking at Halifax and Vanguard for starters.

Thanks I will look into this and if i have any further questions pop back here tbh im just looking for something i can add to monthly and forget about

bostonerimus

frenchplonka wrote: »

God all that is like jargon to me

Don't invest until you understand the jargon. A little googling of terms and you'll soon learn. If you are interested in Vanguard products just buy from them directly at Vanguard.co.uk.

AlanP_2

If you are putting it into a S&S ISA as opposed to a Pension then I would think, as you want a Vanguard fund that they are likely to be the cheapest for a relatively low monthly investment.

frenchplonka

What about Charls stanley direct?

xylophone

Would Vanguard itself suit you?

https://www.vanguardinvestor.co.uk/home