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HL ISA - minimising cost in moving from funds to IT
BuildTheWall
Posts: 129 Forumite
I set up an S&S ISA with HL couple of years ago and started investing in funds. I have reached the 10k limit where the cost of funds (0.45%) will be higher than investment trusts. I'd like to move to investment trusts such as Scottish mortgage. How do I minimise the dealing charges as I invest monthly (not regular amounts) and would like to invest in 3 or 4 ITs. Should I invest monthly in funds and transfer them over to ITs at the end of the year to keep dealing costs to a minimum?
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Comments
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You should not let relatively small platform charges dictate your choice of investments. If you wanted to invest in Scottish Mortgage you should have done so in the beginning .0
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You can change the amounts and investments using the monthly savings option, it doesn't need to be the same every month. You can keep costs down by minimizing the number of trades, e.g. don't invest in all 4 every month, stagger them. You can't use monthly savings for money already in the ISA so best to make single purchases
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