Have you ever moved an ISA?

bluenun

I see my funds are available now to invest.

As I have not bought funds before, is it best for me to "Make a purchase at any time using the next available price." or should I wait until 8am when the markets are open "Make a purchase during market hours, Monday to Friday 08:00–16:30.
You can only buy live using ISA cash".

Maybe there is no right answer and it maybe impossible to know but I thought I would ask those with experience before deciding.

george4064

What in particular are you investing into?

bluenun

I was thinking of investing 2000 into the LifeStrategy® 80% Equity Fund and 100 into the U.S. Equity Index Fund.

george4064

Those are funds, so they only price once per day. You need to check when the cut-off is for placing deals and ensure you place your deal before the cut-off to get a particular valuation point.

eskbanker

bluenun wrote: »

I was thinking of investing 2000 into the LifeStrategy® 80% Equity Fund and 100 into the U.S. Equity Index Fund.

Assuming that's a typo and you're looking at 1000 into US equities (or even if not tbh), what's your thinking behind this allocation?

Most investors with a small pot would be best served by sticking to one global multi-asset fund rather than augmenting it with a more localised product that gives a significantly higher weighting to the US. That's not to say that this is always the 'right' answer but your approach might make more sense if there was a clear rationale for its selection....

bluenun

Thank-you both for the replies.

Yes it was a typo, I have 3000 in total.
As you have gathered I am inexperienced in this field

I wanted to invest in stocks and shares and with such a small starting balance funds appear to be what I am looking for.
I thought with the uncertainty about what will happen to the FTSE regarding Brexit I would put 1/3 into the US equity index fund.

Maybe it is wiser for me to put 100% into the LifeStrategy® 80% Equity Fund as it includes stocks and Indices from many countries.

Joe_Bloggs

So you have £3000 exclusively in Total (oil and Gas presumably). A diversification with future investments/dividends would be beneficial
J_B.

eskbanker

bluenun wrote: »

I wanted to invest in stocks and shares and with such a small starting balance funds appear to be what I am looking for.
I thought with the uncertainty about what will happen to the FTSE regarding Brexit I would put 1/3 into the US equity index fund.

Maybe it is wiser for me to put 100% into the LifeStrategy® 80% Equity Fund as it includes stocks and Indices from many countries.

I'm sure nobody would try to dissuade you away from collective investments such as funds, but it would make sense for you to research the breakdown of the underlying holdings within LifeStrategy both to understand your exposure to UK equities and also to validate if adding such a significant further chunk of US is consistent with what you're trying to achieve.

If you feel comfortable doing some analysis like that then it'll help you to make an informed decision, but if you don't then I'd suggest that LifeStrategy alone is probably more appropriate.

bluenun

eskbanker wrote: »

I'm sure nobody would try to dissuade you away from collective investments such as funds, but it would make sense for you to research the breakdown of the underlying holdings within LifeStrategy both to understand your exposure to UK equities and also to validate if adding such a significant further chunk of US is consistent with what you're trying to achieve.

If you feel comfortable doing some analysis like that then it'll help you to make an informed decision, but if you don't then I'd suggest that LifeStrategy alone is probably more appropriate.

Thank-you for the reply.
There is no immediate rush to invest the money. I will do some research before I make a decision.

The good thing about Vanguard funds is they do not charge a fee to sell a fund or buy a fund so if I did change my mind I am not locked in.

badger09

The advantage of funds of funds like Vanguard Lifestrategy is that they are well diversified according to some predetermined criteria which is explained when you read their factsheets.

If you are happy with those criteria then there is no point in adding side funds until you have a much larger sum invested. In fact, you are probably doing more harm than good.

In effect you are saying, 'I really like the way Vanguard are spreading my investment, but I'm going to change it completely by adding something else'. Why would you do that?:cool: