Which platform to use?

rothers

I have a s&s isa from previous years in both HL and Halifax, which one is it best to open a regular saver for both vanguard life strategy 60 and hsbc global strategy balanced? Is there any difference?

Many thanks

george4064

You can do the homework yourself, things you'll need to compare are:


1. Underlying fund manager fees for the funds on HL vs Halifax (note some funds have various share classes available with different charges).


2. Platform fee charged for holding the fund for HL vs Halifax


3. Regular saver transaction fees levied for your regular investments for HL vs Halifax.


As a small suggestion, why do you want both Vanguard LS and HSBC Global Strategy? Both are very well diversified so why not just stick with one of them for your regular investments going forward?

cloud_dog

rothers wrote: »

I have a s&s isa from previous years in both HL and Halifax, which one is it best to open a regular saver for both vanguard life strategy 60 and hsbc global strategy balanced? Is there any difference?

Many thanks

I wish they would make SnowMan's most excellent post a sticky.

Anyway....Go to SnowMan's post, download the latest version of the spreadsheet, and then enter your planned transactions and amounts and check for yourself which (or another) would be best.

George4064 wrote:

As a small suggestion, why do you want both Vanguard LS and HSBC Global Strategy? Both are very well diversified so why not just stick with one of them for your regular investments going forward?

They are both different in their structure (weighting/management) and focus, even though they are both in the global multi-asset space.

george4064

cloud_dog wrote: »

They are both different in their structure (weighting/management) and focus, even though they are both in the global multi-asset space.

Appreciate they're slightly different but still seems a tad unnecessary to have both, unless the OP has a specific reason to hold both?

rothers

Thanks for your replies.. The reason that I was thinking of splitting it is that I have read on here that that the vanguard one is heavily invested into FTSE 100 companies whereas the hsbc one is more global. Am I right in my thinking or should I stick to one? Thanks for your help in this, it’s much appreciated.

[Deleted User]

rothers wrote: »

Thanks for your replies.. The reason that I was thinking of splitting it is that I have read on here that that the vanguard one is heavily invested into FTSE 100 companies whereas the hsbc one is more global. Am I right in my thinking or should I stick to one? Thanks for your help in this, it’s much appreciated.

Try this tool for country breakdown:
http://tools.morningstar.co.uk/uk/fundcompare/default.aspx?LanguageId=en-GB

Huggy_Bear

newbinvestor wrote: »

Try this tool for country breakdown:
http://tools.morningstar.co.uk/uk/fundcompare/default.aspx?LanguageId=en-GB

This is great thank you :beer:

Huggy_Bear

rothers wrote: »

Thanks for your replies.. The reason that I was thinking of splitting it is that I have read on here that that the vanguard one is heavily invested into FTSE 100 companies whereas the hsbc one is more global. Am I right in my thinking or should I stick to one? Thanks for your help in this, it’s much appreciated.

From my research ( and now the morning star tool )
HSBC Global Strategy Balanced Portfolio is
Europe 22.71% (of which 6.22% is UK)
Americas 53.18%
Asia 24.11%


Vanguard 40% Equity
Europe 36.11% (of which 23% is UK)
Americas 47.67%
Asia 16.19%


I am looking at both of these 2, albeit different equity % than OP and my reason being is I dont want all my investments in one fund as I've had my fingers burnt and I'm trying to diversfy cautiously.


I am also looking at a small sum (probably 10% of my investment) into a 100% equity fund either Fundsmith or Lindsell Train Global Equity. I am a complete novice so I am still researching that part.


In terms of platforms, I am thinking of using Vanguard for the Vanguard fund and then probably HL only because I have an account with them now for my doomed Woodford fund and as soon as I am able I'm switching.


I would be very interested in your research into platforms
HB

LobsterMemory

Huggy_Bear wrote: »

From my research ( and now the morning star tool )

Maybe a bit controversial but I'm going to suggest that taking investment advice from the Morning Star is liable to lead to sub-optimal returns