hsbc ftse all world index

Alexland

In which case you will likely find iWeb (from Halifax) at £25 setup and £5 per trade cheaper than paying HL £450 pa (0.45% of £100k) or HSBC £250 pa (0.25% of £100k) to hold this fund. iWeb charge an ongoing fee if you wanted a SIPP wrapper.

A_T

If it's not in an ISA or a SIPP - and you want to use HL then to cut costs you could buy the ETF VANGUARD FUNDS PLC FTSE ALL-WORLD UCITS ETF (USD) ACCUMULATING (VWRP) - it's essentially the same as the HSBC fund except in exchange traded form.
HL will not charge a holding fee for this only the trading fee (£11.95).

Alexland

VWRP is almost twice the ongoing charge of the HSBC fund and the trade fees on HL are more than twice the price of iWeb so hardly a compelling option for an unwrapped investment account tracking the All World index. On £100k better to pay the £25 iWeb setup and have lower ongoing and trade costs assuming OP is investing for more than a few days.

tiengomar

what would be the fee difference beyween iweb and hsbc?

Alexland

tiengomar said:

what would be the fee difference beyween iweb and hsbc?

Depends on the type of account and how often you buy or sell fund units but at £25 setup and £5 per trade on an iWeb GIA or ISA you would need to do a lot of trades each year before it becomes more expensive than holding the same £100k fund on HSBC's platform at £250 pa (0.25% of £100k).

gunboat4

I’ve some what missed the boat. I’m thinking of putting my Dow Jones investment on hold 1st thing Monday morning then hope to re invest when it drops below 20,000 points as it did a few months ago. The ftse 100 is real low but surely it going to drop even more so unsure but want to do the same. Any thoughts please.

Alistair31

I think the only certainty at the minute is volatility. 

Alexland

gunboat4 said:

I’ve some what missed the boat. I’m thinking of putting my Dow Jones investment on hold 1st thing Monday morning then hope to re invest when it drops below 20,000 points as it did a few months ago. The ftse 100 is real low but surely it going to drop even more so unsure but want to do the same. Any thoughts please.

Given you didn't sell at the top of the market what makes you think you will buy at the bottom of the market? Best not to trade the market in anticipation of things that may or may not happen. Contribute regularly, hold a suitable asset allocation and maybe lean further into equities gradually as opportunities occur.
Alex

A_T

Alexland said:

VWRP is almost twice the ongoing charge of the HSBC fund and the trade fees on HL are more than twice the price of iWeb so hardly a compelling option for an unwrapped investment account tracking the All World index. On £100k better to pay the £25 iWeb setup and have lower ongoing and trade costs assuming OP is investing for more than a few days.

OP said he wants to stay with HL.

Alexland

A_T said:

OP said he wants to stay with HL.

OP had a preference, but also a concern they were already overly exposed to Vanguard investments.