Vanguard noobie.. what now?!

coyrls

ranciduk said:

Yep

the info on their website about my last query is quite vague - unless I’m just being a bit thick..

https://www.vanguardinvestor.co.uk/need-help/answer/how-do-i-make-a-withdrawal

https://www.vanguardinvestor.co.uk/need-help/answer/why-is-my-cash-not-available-to-withdraw

tichtich

I don't blame you at all for wanting to try things out before you really need them.  It's a good idea. 

Vanguard doesn't have any charges for buying, selling or withdrawing, except for their ETF funds, where there's a bid-offer-spread (a difference between the buying and selling price).

Since my last post I've decided I'll start paying in regularly by DD after all. As my income's irregular,  I'll just have to keep more money in my bank account, to smooth over the bumps. 

ranciduk

tichtich said:

Vanguard doesn't have any charges for buying, selling or withdrawing, except for their ETF funds, where there's a bid-offer-spread (a difference between the buying and selling price).

Thanks for that

with regards dividends in lifestrategy funds - I think dividends automatically get reinvested?

but if I prefer to have all dividends paid into my nominated account instead , is that possible?

Swipe

ranciduk said:

tichtich said:

Vanguard doesn't have any charges for buying, selling or withdrawing, except for their ETF funds, where there's a bid-offer-spread (a difference between the buying and selling price).

Thanks for that

with regards dividends in lifestrategy funds - I think dividends automatically get reinvested?

but if I prefer to have all dividends paid into my nominated account instead , is that possible?

Not sure about automatically having it paid into your bank account. But if you require the dividends paying out you need to pay into the income version of the life strategy fund of your choosing

e.g https://www.vanguardinvestor.co.uk/investments/vanguard-lifestrategy-100-equity-fund-income-shares

ranciduk

I have been experimenting with this new lifestrategy account and the other day I sold a small amount of my funds and asked for the money to be transferred to my nominated bank account 

on the VG website it looks like this has now been ‘completed’ but can someone tell me how long it generally takes for the cash to hit bank account?

underground99

ranciduk said:

I have been experimenting with this new lifestrategy account and the other day I sold a small amount of my funds and asked for the money to be transferred to my nominated bank account 

on the VG website it looks like this has now been ‘completed’ but can someone tell me how long it generally takes for the cash to hit bank account?

Isn't that the purpose of the 'experiment'? No point us giving away the ending...

ranciduk

Lol!
fair enough..
do you know though, does the cash go straight to your bank account? Or does it go to the cash section of you investment account- and you then have to withdraw the cash to your nominated bank account?

Billycock

ranciduk said:

Lol!
fair enough..
do you know though, does the cash go straight to your bank account? Or does it go to the cash section of you investment account- and you then have to withdraw the cash to your nominated bank account?

When you clicked on the 'sell link' you should then have be given 3 options,
1 Pay into bank account
2 Leave as cash for buying later  -this would go to your cash section.
3 Use it now to buy other investments
Providing you asked for it to be paid into your bank, even though it's showing as completed it won't be there until 2-4 business days. Same goes for myself, my ISA transfers have been showing as cash available in my account since last Thursday won't let me choose any investments yet though, maybe it needs to clear first.
You soon bailed out ranciduk, did yesterday's dip in rates scare you? Further dip today, I would have waited until the funds were in profit before selling 

coyrls

ranciduk said:

I have been experimenting with this new lifestrategy account and the other day I sold a small amount of my funds and asked for the money to be transferred to my nominated bank account 

on the VG website it looks like this has now been ‘completed’ but can someone tell me how long it generally takes for the cash to hit bank account?

I posted this link from the Vanguard Website a few posts above yours, perhaps you haven't read it yet:

https://www.vanguardinvestor.co.uk/need-help/answer/why-is-my-cash-not-available-to-withdraw

ranciduk

Billycock said:

ranciduk said:

Lol!
fair enough..
do you know though, does the cash go straight to your bank account? Or does it go to the cash section of you investment account- and you then have to withdraw the cash to your nominated bank account?

When you clicked on the 'sell link' you should then have be given 3 options,
1 Pay into bank account
2 Leave as cash for buying later  -this would go to your cash section.
3 Use it now to buy other investments
Providing you asked for it to be paid into your bank, even though it's showing as completed it won't be there until 2-4 business days. Same goes for myself, my ISA transfers have been showing as cash available in my account since last Thursday won't let me choose any investments yet though, maybe it needs to clear first.
You soon bailed out ranciduk, did yesterday's dip in rates scare you? Further dip today, I would have waited until the funds were in profit before selling 

No nothing like that! I’m just very cautious with things like this so I literally just wanted to go through the process of withdrawing some money so I know how it all works - once I know what’s what, I’ll be piling in the loot and I’m in it for 5-10 years