Vanguard one-off contributions

afis1904

In a Vanguard account is there any minimum on off contributions you make after the initial £500 and am I right in assuming that the additional money would just be automatically invested in the funds I had chosen? 

eskbanker

afis1904 said:

In a Vanguard account is there any minimum on off contributions you make after the initial £500

Their website isn't very clear on this point but https://forums.moneysavingexpert.com/discussion/5905555/vanguard-minimum-addition suggests that to all intents and purposes there isn't.

afis1904 said:

am I right in assuming that the additional money would just be automatically invested in the funds I had chosen? 

No, you need to decide what to buy with the money once you've added it to the account.

Harvic

Just tried on my account (with vanguard investor) and seems happy with a £10 purchase, asking for payment details. Didn't complete the purchase admittedly, not made of that kind of money!

Zoology_Dragon

You can add as much or as little as you like as and when once your account is open. You do have to choose which funds to invest in but it's very straightforward.

wiseonesomeofthetime

Harvic said:

Just tried on my account (with vanguard investor) and seems happy with a £10 purchase, asking for payment details. Didn't complete the purchase admittedly, not made of that kind of money!

I'm confused. You are talking about investing, however, state that you cannot afford a tenner??
Or did you leave a 'k' off the '£10' in your purchase? That I would understand.

cloud_dog

It might have been 'humour'

Cash-Strapped.T32

cloud_dog said:

It might have been 'humour'

Oh I've heard of that... Best avoided by the sound of it if the reports are to be believed! 

[Deleted User]

Wiseonesomeofthetome, it appears obvious the small payment entry was a test for acceptance. Regards