Vanguard noobie.. what now?!

ranciduk

coyrls said:

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

Yes I did thanks
but I’m still unsure after reading that as to whether the money will now just appear in my bank account - or if it will go into my vanguard Cash pot and then I have to instruct them to transfer that money to my bank account 

rothers

ranciduk said:

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

If you need the cash in five years then s&s probably isn’t the best idea. 10 years is usually the minimum that the more knowledgeable people in here recommend. 

ranciduk

Ten it is then

in fact , let’s go crazy -  call it twenty 

Billycock

rothers said:

ranciduk said:

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

If you need the cash in five years then s&s probably isn’t the best idea. 10 years is usually the minimum that the more knowledgeable people in here recommend. 

If after 5 years and your funds are ++ then there's no reason not to withdraw if desired. Yes, your comment r.e. 10 years, more knowledgeable people etc has its foundations but you're at risk for longer. For many the investment period is simply spurred on by greed after their investment goal was achieved many moons ago.

rothers

Billycock said:

rothers said:

ranciduk said:

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

If you need the cash in five years then s&s probably isn’t the best idea. 10 years is usually the minimum that the more knowledgeable people in here recommend. 

If after 5 years and your funds are ++ then there's no reason not to withdraw if desired. Yes, your comment r.e. 10 years, more knowledgeable people etc has its foundations but you're at risk for longer. For many the investment period is simply spurred on by greed after their investment goal was achieved many moons ago.

Absolutely, if your balance goes up to your desired level in three days then withdraw and live happily ever after. The chances of not being in profit reduces with time so if you are ABLE to leave it in for a long period of time then your chance of losing money reduces. You’ve got less chance of losing money if you can leave it in for ten years than if you absolutely need it in five. 

Billycock

rothers said:

Billycock said:

rothers said:

ranciduk said:

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

If you need the cash in five years then s&s probably isn’t the best idea. 10 years is usually the minimum that the more knowledgeable people in here recommend. 

If after 5 years and your funds are ++ then there's no reason not to withdraw if desired. Yes, your comment r.e. 10 years, more knowledgeable people etc has its foundations but you're at risk for longer. For many the investment period is simply spurred on by greed after their investment goal was achieved many moons ago.

Absolutely, if your balance goes up to your desired level in three days then withdraw and live happily ever after. The chances of not being in profit reduces with time so if you are ABLE to leave it in for a long period of time then your chance of losing money reduces. You’ve got less chance of losing money if you can leave it in for ten years than if you absolutely need it in five. 

Yes quite,
And at the same time the longer you invest the greater your chance of hitting an enormous crash which could take 5+ years to recover your loss.
As I said investing for 10+ years has it's foundations but with an element of risk, Achieving your goal earlier and 'throwing the towel in' has a greater foundation, namely peace and happiness.

rothers

Billycock said:

rothers said:

Billycock said:

rothers said:

ranciduk said:

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

If you need the cash in five years then s&s probably isn’t the best idea. 10 years is usually the minimum that the more knowledgeable people in here recommend. 

If after 5 years and your funds are ++ then there's no reason not to withdraw if desired. Yes, your comment r.e. 10 years, more knowledgeable people etc has its foundations but you're at risk for longer. For many the investment period is simply spurred on by greed after their investment goal was achieved many moons ago.

Absolutely, if your balance goes up to your desired level in three days then withdraw and live happily ever after. The chances of not being in profit reduces with time so if you are ABLE to leave it in for a long period of time then your chance of losing money reduces. You’ve got less chance of losing money if you can leave it in for ten years than if you absolutely need it in five. 

Yes quite,
And at the same time the longer you invest the greater your chance of hitting an enormous crash which could take 5+ years to recover your loss.
As I said investing for 10+ years has it's foundations but with an element of risk, Achieving your goal earlier and 'throwing the towel in' has a greater foundation, namely peace and happiness.

Agreed, it’s the ability to leave it in longer if necessary that is important, not having a fixed target in terms of time. Like you say, if you hit your goal early then happy days. 

ranciduk

I now have my initial £500 invested with VG in the lifestrategy 60% fund

daft question, but how do you now add more money into it? 

I don’t quite understand what I’m supposed to do...

Thrugelmir

Billycock said:

rothers said:

Billycock said:

rothers said:

ranciduk said:

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

If you need the cash in five years then s&s probably isn’t the best idea. 10 years is usually the minimum that the more knowledgeable people in here recommend. 

If after 5 years and your funds are ++ then there's no reason not to withdraw if desired. Yes, your comment r.e. 10 years, more knowledgeable people etc has its foundations but you're at risk for longer. For many the investment period is simply spurred on by greed after their investment goal was achieved many moons ago.

Absolutely, if your balance goes up to your desired level in three days then withdraw and live happily ever after. The chances of not being in profit reduces with time so if you are ABLE to leave it in for a long period of time then your chance of losing money reduces. You’ve got less chance of losing money if you can leave it in for ten years than if you absolutely need it in five. 

Achieving your goal earlier and 'throwing the towel in' has a greater foundation, namely peace and happiness.

Unsurprisingly most investors fail to achieve this objective. Once they realise that selecting profitable investments isn't always so easy as it first appears. 

eskbanker

ranciduk said:

I now have my initial £500 invested with VG in the lifestrategy 60% fund

daft question, but how do you now add more money into it? 

I don’t quite understand what I’m supposed to do...

You just do the same as what you did for the first purchase - pay in some cash and then buy some units of your selected fund.