New Stocks & Shares ISA: Am I getting this right?

dutchcloggie

I'm only using HL because it was top of the list on this website. 

dutchcloggie

When I look through the available funds in the HL app, I can't see the FTSE Global All Cap fund. Does that mean I can't invest in that through HL? 

dutchcloggie

Oh wait. The FTSE Global All Cap is through Vanguard.  I see. Ugh, so complicated. I'm going to out my money in there and just forget about it.

Alistair31

dutchcloggie said:

When I look through the available funds in the HL app, I can't see the FTSE Global All Cap fund. Does that mean I can't invest in that through HL? 

Here is an interesting investment I found with the HL app:
https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/BD3RZ58

dutchcloggie

And, finally, how do I find out what is part of those funds? Like, if I don't want my money involved with gun manufacturing etc. 

Alistair31

dutchcloggie said:

And, finally, how do I find out what is part of those funds? Like, if I don't want my money involved with gun manufacturing etc. 

With over 7000 holdings, there’s going to be something you don’t like. Think of every major listed company and you’d be buying it pretty much, including LHM (LMT), Raytheon (RTX) etc

Bravepants

dutchcloggie said:

Oh wait. The FTSE Global All Cap is through Vanguard.  I see. Ugh, so complicated. I'm going to out my money in there and just forget about it.

Yes Vanguard provide this fund. You should be able to buy it on the HL platform and that would be fine. BUT it would be slightly cheaper to hold it on Vanguard Investor UK (https://www.vanguardinvestor.co.uk/) directly as their fees are lower. The HL website is very good though and HL's customer service is highly rated.

Yes, good choice to just stick to the one global fund. It makes absolute sense when you are just starting out with a small amount of money. If I had my time again I would have done something similar and started investing about 30 years ago!

MX5huggy

dutchcloggie said:

And, finally, how do I find out what is part of those funds? Like, if I don't want my money involved with gun manufacturing etc. 

you can look a ESG alternatives but they might not match your ethics, is investing in Nuclear power a good thing or bad? VW make cars but also a lot is sausages to feed their workers etc etc. 

I think Lockheed Martin are the biggest arms company in the FTSE fund at 0.15% so 7.5pence of your £50 buys LM shares. 

dutchcloggie

Cool. Thanks very much guys and gals for all the help. 

One last question. Probably more of a "your choice" answer but: 
As I have said, I work extra shifts for a nursing agency as a way to supplement my pension pot. Currently 60p of every £1 I make from those shifts goes into my pension pot.  Would it be better to have the whole £1 paid to me and invest it myself? 

Albermarle

dutchcloggie said:

Cool. Thanks very much guys and gals for all the help. 

One last question. Probably more of a "your choice" answer but: 
As I have said, I work extra shifts for a nursing agency as a way to supplement my pension pot. Currently 60p of every £1 I make from those shifts goes into my pension pot.  Would it be better to have the whole £1 paid to me and invest it myself? 

Firstly to be clear the money in your pension is also invested . Normally you can choose from a limited range of funds. If you do not choose it goes into a default investment fund.

The main advantage of a pension is that you get tax relief on the pension contributions, the disadvantage is that  you can not get access to the money until your late Fifties.
If you are saving/investing for retirement, the pension is better.