Whats the minium

frenchplonka

Assuming a person has a back up fund to cover emergencies and wishes to get into investing but doesn't have 500 a month to chuck into a S+S ISA what would be the minimum u recommend someone invest taking into account fees etc

frenchplonka

48 views yet no advice or opinions

A_T

Maybe invest as much as you can afford to - but bear in mind it will be in securities which could lose a lot of their value.

frenchplonka

its not about what i can afford im just looking to start and increse with time what i wanna know would say 50 a month be pointless in the Vangaurd funds or any fund for that matter because of fees

ColdIron

I would imagine somewhere between £25 and £499, it would depend upon how much you can afford which only you know. There are plenty of platforms that do not charge to buy and sell funds

moxter

Plenty of ways of having fees which are a % rather then fixed. So depending on who you put your money away with, the fees could be very low indeed if you're just putting away a small amount.

TCA

Recommend a minimum amount to buy what, achieve what exactly and in what timeframe?

I think the minimum share or fund purchase is usually £50. You may or may not have to pay dealing commission and/or stamp duty depending on what you buy, which would be a large proportion of £50.

frenchplonka

Ok so I was interested in the Vangaurd funds mainly because its passive i can just fire between 50-100 in a month and pretty much forget about it for the next 10-20 years starting at 100% equities and scale back closer to my 60s in say 30 years time thats the short version.

what I dont want to do is chuck 50 into it each month if im going to lose i high % of that in fees etc hopefully that will get me a better reply now ive given a little more info

ColdIron

For small amounts you want a percentage fee provider that doesn't charge to buy and sell. For instance 0.25% pa on a £50 pcm investment would cost you maybe £0.75 a year. What you don't want is a fixed fee provider that charges for purchases as the fees could dwarf the amounts you have invested. There are plenty of these about. There are no platforms that I know of that will allow you to trade company shares, investment trusts, ETFs etc without charge so stick to funds such as the Vanguard ones you mentioned and you should be good

captainreckless

If you have a S&S ISA with Hargreaves Lansdown you can invest £25 a month into funds via direct debit from your bank account. You won't pay any fees on buying (or selling) funds with HL. What you will pay is 0.45% a year on the value of the funds you have with them.

There are probably other platforms that run things along the same lines.

Puddylove

frenchplonka wrote: »

its not about what i can afford im just looking to start and increse with time what i wanna know would say 50 a month be pointless in the Vangaurd funds or any fund for that matter because of fees

I read through the Vanguard S and S ISA terms and conditions and I think their minimum monthly amount was £100.