Investing a small regular amount

Michael121

Alexland said:

Michael121 said:

Isn't vanguard the cheapest anyway for vanguard global all cap.

Yes but the problem the OP has is that Vanguard Investor require either a £500 lump sum or a comitment to £100 per month to open the account.  Our point is that you can start at £100 pm then lower it or go with HL/Fidelity who accept a smaller regular contribution to open an account but they have higher ongoing charges. The fund's disclosure on internal transaction costs are the same wherever you hold it.

Oh i didn't realize that.

Probi

Thanks everyone, does that in theory mean I could setup a direct debit to vanguard for say 2 months at £100 then drop it down?

Alexland

Probi said:

Thanks everyone, does that in theory mean I could setup a direct debit to vanguard for say 2 months at £100 then drop it down?

Personally I would drop after 5 months to match the minimum £500 lump sum but you might get away with it earlier if they don't notice. Or start with Fidelity then transfer to Vanguard once it's big enough.