Vanguard S&P 500 UCITS ETF-via HL Sipp....

Dandytf

From HL Sipp info.
The minimum investment per fund is £100
Does this include my VG ETF, p.s. I've found this fund tracker via Yahoo finance which is cool, added to mobile.

thanks

george4064

Dandytf said:

From HL Sipp info.
The minimum investment per fund is £100
Does this include my VL ETF, p.s. I've found this fund tracker via Yahoo finance which is cool, added to mobile.

thanks

ETF’s are not funds, so that minimum doesn’t apply.

For ETFs, the minimum is effectively to buy 1 share of the ETF. However that might be. However, you can only set a regular investment in £ amount, so you should just set it accordingly but make sure it’s higher than the cost of 1 share in the ETF.

Obviously the ETF price will fluctuate, but if you have an ETF with a share price of £150 then setting a monthly investment of £100 clearly won’t buy you 1 share!

Dandytf

george4064 said:

Dandytf said:

From HL Sipp info.
The minimum investment per fund is £100
Does this include my VL ETF, p.s. I've found this fund tracker via Yahoo finance which is cool, added to mobile.

thanks

ETF’s are not funds, so that minimum doesn’t apply.

For ETFs, the minimum is effectively to buy 1 share of the ETF. However that might be. However, you can only set a regular investment in £ amount, so you should just set it accordingly but make sure it’s higher than the cost of 1 share in the ETF.

Obviously the ETF price will fluctuate, but if you have an ETF with a share price of £150 then setting a monthly investment of £100 clearly won’t buy you 1 share!

I had thought as HL Sipp can be topped up from one pound, that maybe HL would allow me to choose how much I save per month, if as was my 1st attempt lower than 1 ETF share price, then would HL  only purchase 1 ETF share after a number of months when savings have accrued enough.

thanks

george4064

Dandytf said:

george4064 said:

Dandytf said:

From HL Sipp info.
The minimum investment per fund is £100
Does this include my VL ETF, p.s. I've found this fund tracker via Yahoo finance which is cool, added to mobile.

thanks

ETF’s are not funds, so that minimum doesn’t apply.

For ETFs, the minimum is effectively to buy 1 share of the ETF. However that might be. However, you can only set a regular investment in £ amount, so you should just set it accordingly but make sure it’s higher than the cost of 1 share in the ETF.

Obviously the ETF price will fluctuate, but if you have an ETF with a share price of £150 then setting a monthly investment of £100 clearly won’t buy you 1 share!

I had thought as HL Sipp can be topped up from one pound, that maybe HL would allow me to choose how much I save per month, if as was my 1st attempt lower than 1 ETF share price, then would HL  only purchase 1 ETF share after a number of months when savings have accrued enough.

thanks

I doubt it works like that to be honest, but worth double checking with HL to confirm for definite.

Dandytf

george4064 said:

Dandytf said:

george4064 said:

Dandytf said:

From HL Sipp info.
The minimum investment per fund is £100
Does this include my VL ETF, p.s. I've found this fund tracker via Yahoo finance which is cool, added to mobile.

thanks

ETF’s are not funds, so that minimum doesn’t apply.

For ETFs, the minimum is effectively to buy 1 share of the ETF. However that might be. However, you can only set a regular investment in £ amount, so you should just set it accordingly but make sure it’s higher than the cost of 1 share in the ETF.

Obviously the ETF price will fluctuate, but if you have an ETF with a share price of £150 then setting a monthly investment of £100 clearly won’t buy you 1 share!

I had thought as HL Sipp can be topped up from one pound, that maybe HL would allow me to choose how much I save per month, if as was my 1st attempt lower than 1 ETF share price, then would HL  only purchase 1 ETF share after a number of months when savings have accrued enough.

thanks

I doubt it works like that to be honest, but worth double checking with HL to confirm for definite.

I intended to add that as my isa experience where I have chosen one bio tech fund, does ETF saving not accumulate part % savings, though I'll send message, not sure why I can't locate the info.

thanks

george4064

HL’s website implies that if you don’t have enough cash to purchase 1 share in the ETF, the cash will sit in the account until you invest it.

• If the amount you’ve asked for isn’t enough to buy the shares you’ve chosen, the money will stay in your account until you invest it.

https://www.hl.co.uk/investment-services/invest-by-direct-debit

Dandytf

george4064 said:

HL’s website implies that if you don’t have enough cash to purchase 1 share in the ETF, the cash will sit in the account until you invest it.

• If the amount you’ve asked for isn’t enough to buy the shares you’ve chosen, the money will stay in your account until you invest it.

https://www.hl.co.uk/investment-services/invest-by-direct-debit

Excellent, I hadn't searched via DD options.

thanks!

Dandytf

Dandytf said:

george4064 said:

HL’s website implies that if you don’t have enough cash to purchase 1 share in the ETF, the cash will sit in the account until you invest it.

• If the amount you’ve asked for isn’t enough to buy the shares you’ve chosen, the money will stay in your account until you invest it.

https://www.hl.co.uk/investment-services/invest-by-direct-debit

Excellent, I hadn't searched via DD options.

thanks!

I'll continue with 65 per month.

thanks

george4064

Dandytf said:

Dandytf said:

george4064 said:

HL’s website implies that if you don’t have enough cash to purchase 1 share in the ETF, the cash will sit in the account until you invest it.

• If the amount you’ve asked for isn’t enough to buy the shares you’ve chosen, the money will stay in your account until you invest it.

https://www.hl.co.uk/investment-services/invest-by-direct-debit

Excellent, I hadn't searched via DD options.

thanks!

I'll continue with 65 per month.

thanks

Assuming its VUSA ETF you are buying, with Friday's closing price of £62.40. It's very likely your £65 regular investment will fail to purchase 1 share, especially after the £1.50 dealing fee and stamp duty (if applicable).

To avoid this problem, just make a regular investment in an equivalent US index fund/OEIC (I.e. not ETF).

Thrugelmir

Might as well build a lump sum to invest. Than waste money on unneccessary fees.