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Vanguard S&S ISA (Stupid) Question
CoinMaster
Posts: 6 Forumite
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
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
0
Comments
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Yes...........0
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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?0 -
Small regular amounts, Vanguard sounds ideal for that. Do no more, IMO.0
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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 such0
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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.0 -
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.: )0
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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:0
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