Vanguard S&S ISA (Stupid) Question

CoinMaster

Hi All,

I'm looking at opening a Vanguard S&S ISA but I have a (stupid) question to ask first.

If I open one today and pay into it monthly until the start of the new tax year does that mean I can open another ISA with a different company next year if I wanted to and keep the vanguard ISA so long as I don't pay anymore money into it?

Thanks

Tom99

Yes...........

CoinMaster

Hi Again,

Ok, so i have opened a Vanguard S&S ISA and opted for a Lifestrategy 80% Equity Fund. I only opened it with £500 and have set up regular (small payments) with the intention to add to this with additional one off payments as and when I can.

My portfolio only contains this 1 fund, this is probably another stupid question but what do you guys do; do you have just 1 fund in your portfolio and continue to add to this or do you have other funds / investments that you feed into as well?

Alistair31

Small regular amounts, Vanguard sounds ideal for that. Do no more, IMO.

ColdIron

At £500 plus bits and bobs over the year there is no point in considering other funds. Maybe have a rethink when you have 50 or 100 times as much. It is designed to be a fire and forget, one stop shop fund. I would use it as such

CoinMaster

ColdIron wrote: »

At £500 plus bits and bobs over the year there is no point in considering other funds. Maybe have a rethink when you have 50 or 100 times as much. It is designed to be a fire and forget, one stop shop fund. I would use it as such

Thanks, I thought as much but just wanted to check i wasn't committing a cardinal sin by putting everything (no matter how small) into the one investment.

Flobberchops

VLS80 is already thoroughly diversified. The only remaining risk is the chance of Vanguard themselves going bust, and I don't believe that's considered likely at this point.

CoinMaster

Flobberchops wrote: »

VLS80 is already thoroughly diversified. The only remaining risk is the chance of Vanguard themselves going bust, and I don't believe that's considered likely at this point.

I hadn't even considered that... :eek: