1st time using the Vangaurd dashboard mistake made!

GotPrincess

Hi guys so on PC and I went to add funds to my vanguard account with a view to buying some investments in the 80/20 ACC funds they have I went to the add cash box and deposited £250 however I think this has just chucked it into a generic ISA as I cant use them funds to buy the actual fund I was interested in can anyone help and tell 1 where this money now is and if its in a generic ISA is there a way to use it to purchase funds or will i need to make another one off payment to purchase the fund I'm interested in?

[Deleted User]

I suggest you contact Vanguard for clarification and certainty. They are usually very helpful, messages or phone. Regards

Aceace

When looking at your account, with the top left menu item set to "My ISA", any ISA cash that has been deposited but not yet invested is shown in the large "Available Cash" box. In this box click the "Invest Now" button to actually invest your funds. 

GotPrincess

thetimewill said:

I suggest you contact Vanguard for clarification and certainty. They are usually very helpful, messages or phone. Regards

Sadly there closed but I have fired of a message I just wanted to use the amount I deposited now to purchase 80/20 fund hopefully that is a option or i think the £250 will be just stuck in the generic ISA account for all its days ;-)

Aceace

GotPrincess said:

thetimewill said:

I suggest you contact Vanguard for clarification and certainty. They are usually very helpful, messages or phone. Regards

Sadly there closed but I have fired of a message I just wanted to use the amount I deposited now to purchase 80/20 fund hopefully that is a option or i think the £250 will be just stuck in the generic ISA account for all its days ;-)

It will never be "stuck" in the uninvested ISA account. It will be waiting for you to assign it to an investment (or withdraw it, or transfer it elsewhere). 

[Deleted User]

I'm sure everything will be sorted ok. Find out for certain which account you have and take your time when make making transactions. I'm afraid I can't help with regards this generic ISA which you fear has your money for ever! Regards

GotPrincess

Aceace said:

GotPrincess said:

thetimewill said:

I suggest you contact Vanguard for clarification and certainty. They are usually very helpful, messages or phone. Regards

Sadly there closed but I have fired of a message I just wanted to use the amount I deposited now to purchase 80/20 fund hopefully that is a option or i think the £250 will be just stuck in the generic ISA account for all its days ;-)

It will never be "stuck" in the uninvested ISA account. It will be waiting for you to assign it to an investment (or withdraw it, or transfer it elsewhere). 

Might have been my way of humor bet yea I cant find a way to 'invest' its just sat there at the top of my dashboard teasing me

Aceace

GotPrincess said:

Aceace said:

GotPrincess said:

thetimewill said:

I suggest you contact Vanguard for clarification and certainty. They are usually very helpful, messages or phone. Regards

Sadly there closed but I have fired of a message I just wanted to use the amount I deposited now to purchase 80/20 fund hopefully that is a option or i think the £250 will be just stuck in the generic ISA account for all its days ;-)

It will never be "stuck" in the uninvested ISA account. It will be waiting for you to assign it to an investment (or withdraw it, or transfer it elsewhere). 

Might have been my way of humor bet yea I cant find a way to 'invest' its just sat there at the top of my dashboard teasing me

Whereabouts can you see it?

grumiofoundation

GotPrincess said:

Hi guys so on PC and I went to add funds to my vanguard account with a view to buying some investments in the 80/20 ACC funds they have I went to the add cash box and deposited £250 however I think this has just chucked it into a generic ISA as I cant use them funds to buy the actual fund I was interested in can anyone help and tell 1 where this money now is and if its in a generic ISA is there a way to use it to purchase funds or will i need to make another one off payment to purchase the fund I'm interested in?

GotPrincess said:

thetimewill said:

I suggest you contact Vanguard for clarification and certainty. They are usually very helpful, messages or phone. Regards

Sadly there closed but I have fired of a message I just wanted to use the amount I deposited now to purchase 80/20 fund hopefully that is a option or i think the £250 will be just stuck in the generic ISA account for all its days ;-)

Most likely thing that has happened is you have added cash, rather than investing in your chosen fund, but your post is quite hard to follow so can't be clear. 

When did you add this money? The funds (whether adding cash or investing in funds directly) do not get added immediately. If you have added as cash they will appear as available cash and then you will be able to invest (although I believe vanguard has a minimum investment of £500 or £100 direct debit so this might be an issue..?).
https://www.vanguardinvestor.co.uk/need-help/answer/whats-the-minimum-investment-amount

Not sure what 'generic ISA' refers to - I assume this means 'cash'??

GotPrincess

Please see attached screen shot I clicked on the Add cash on the available cash box as i obv wanted to clear that -1 and when i did that it appeared at the top of the dashboard!

Aceace

Looks like it is waiting for your deposited funds to clear. But, as mentioned above, you won't be able to invest it as  £500 is the minimum lump sum investment.