1st time using the Vangaurd dashboard mistake made!

GotPrincess

Aceace said:

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. 

That's annoying but i guess its same everywhere I will have to check it out is there a way to get round that say with a regular direct debit etc

Alexland

Aceace said:

£500 is the minimum lump sum investment. 

That's the minimum to open an account (unless you setup a regular plan) but once the account is open smaller fund trades are possible. I agree its probably just waiting to be credited to the account or maybe if a fund was chosen waiting for the trade to complete.

GotPrincess

Alexland said:

Aceace said:

£500 is the minimum lump sum investment. 

That's the minimum to open an account (unless you setup a regular plan) but once the account is open smaller fund trades are possible. I agree its probably just waiting to be credited to the account or maybe if a fund was chosen waiting for the trade to complete.

Correct reading it seems it takes 1 day to show as available I will set up a £500 a month regular investment hopefully that is above the threshold

Aceace

GotPrincess said:

Aceace said:

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. 

That's annoying but i guess its same everywhere I will have to check it out is there a way to get round that say with a regular direct debit etc

Yes you can do a £100 regular payment direct to an investment. 

Thrugelmir

GotPrincess said:

 if its in a generic ISA 

You can only open one ISA  every year. No such thing thing as a generic ISA. 

Aceace

Thrugelmir said:

GotPrincess said:

 if its in a generic ISA 

You can only open one ISA  every year. No such thing thing as a generic ISA. 

I took it to mean that funds had been deposited in Vanguard's ISA wrapper as cash, but had not yet been allocated to an investment within that wrapper. 

MovingForwards

I pay in small amounts as hoc to my ISA and pension, even making small purchases, each purchase has a minimum amount which varies depending on the fund. As others have said you have to wait for the money to clear before being able to spend it.

HHarry

I think if you add it as cash the money is available the next day.

If you skip the ‘add cash’ step, you can just buy a fund and it all happens straight away.

GotPrincess

All sorted guys £250 showed up as available this morning just put through my first order for the 80/20 ACC fund will set up a regular deposit going forward to drip feed it and forget

ossie48

Yes, it takes a day or two to clear and a little time to get familiar with the workings. As mentioned you can pay in less than £500 a month, I pay £300 monthly into a VLS60.