Evestor - any thoughts ?

rnest2002

Further on my Evestor mail. Now I want to pull out (I am transferring to my other S&S ISA with HL, I find that even if cashing in or transferring cash you do have to wait 4+ days for them to sell off your investments -  so in a bear market you could lose money between asking to cash in and getting your cash!

dunstonh

rnest2002 said:

Further on my Evestor mail. Now I want to pull out (I am transferring to my other S&S ISA with HL, I find that even if cashing in or transferring cash you do have to wait 4+ days for them to sell off your investments -  so in a bear market you could lose money between asking to cash in and getting your cash!

Do they take four days to input the trade or is it four days to allow for settlement?
HL (and other platforms) have funds with T+2 and T+3.

A_T

anyone with more than 3 posts here think Evestor is any good?

barnstar2077

If you just want a global tracker you could look at vanguards platform for an ISA or SIPP.  Simple, low cost, but limited to Vanguard only funds.  0.15% sounds better than 0.49%, not sure what Evestor's costs cap is though, or if they have one, but Vanguard's is capped at £375.  I am using their SIPP and S&S ISA for my FIRE journey.

noClue

barnstar2077 said:

FIRE journey.

What's FIRE journey?

Alexland

barnstar2077 said:

If you just want a global tracker you could look at vanguards platform for an ISA or SIPP.  Simple, low cost, but limited to Vanguard only funds.  0.15% sounds better than 0.49%, not sure what Evestor's costs cap is though, or if they have one, but Vanguard's is capped at £375.  I am using their SIPP and S&S ISA for my FIRE journey.

While Vanguard are undoubtedly going to be cheaper/better than Evestor, Nutmeg, etc for small accounts it's unlikely to be sensible to accumulate with Vanguard for long enough to see you fees capped at £375 when there are cheaper fixed or lower capped price platforms available for high account valuations that also offer more investment choice.

barnstar2077

noClue said:

barnstar2077 said:

FIRE journey.

What's FIRE journey?

Financial Independence, Retire Early.  Have a google.

For me it means saving half my income so I only have to work half the number of years until retirement.

barnstar2077

Alexland said:

barnstar2077 said:

If you just want a global tracker you could look at vanguards platform for an ISA or SIPP.  Simple, low cost, but limited to Vanguard only funds.  0.15% sounds better than 0.49%, not sure what Evestor's costs cap is though, or if they have one, but Vanguard's is capped at £375.  I am using their SIPP and S&S ISA for my FIRE journey.

While Vanguard are undoubtedly going to be cheaper/better than Evestor, Nutmeg, etc for small accounts it's unlikely to be sensible to accumulate with Vanguard for long enough to see you fees capped at £375 when there are cheaper fixed or lower capped price platforms available for high account valuations that also offer more investment choice.

Agreed, but as it would take me having 250k with them before I hit that cap I am happy for now.  I can always move later if I need to.

Alexland

barnstar2077 said:

Agreed, but as it would take me having 250k with them before I hit that cap I am happy for now.  I can always move later if I need to.

Yes, you may find more attractive options occur well before hitting Vanguard's £250k fee cap. For example on the Halifax SD ISA at £12.50 pa plus £2 per monthly trade would be £36.50 pa on a single investment choice so would be cheaper than Vanguard's 0.15% once your account valuation exceeds £24,333. Also it's not just about platform fees as you can often save on fund manager fees when you have a wider choice. For example for those going 100% equities VWRL at 0.22% compares to the HSBC equivalent fund at 0.13% brings the break even point for switching away from Vanguard's platform even lower.

barnstar2077

Alexland said:

barnstar2077 said:

Agreed, but as it would take me having 250k with them before I hit that cap I am happy for now.  I can always move later if I need to.

Yes, you may find more attractive options occur well before hitting Vanguard's £250k fee cap. For example on the Halifax SD ISA at £12.50 pa plus £2 per monthly trade would be £36.50 pa on a single investment choice so would be cheaper than Vanguard's 0.15% once your account valuation exceeds £24,333. Also it's not just about platform fees as you can often save on fund manager fees when you have a wider choice. For example for those going 100% equities VWRL at 0.22% compares to the HSBC equivalent fund at 0.13% brings the break even point for switching away from Vanguard's platform even lower.

Thanks Alexland,  As Vanguard is so cheap already there may become a point of diminishing returns, but I will definitely run my own projections later, once I don't feel like I am melting in this heat!

It is over 28c in my living room atm :  (