NOW LIVE: The Forum 'Ask An Expert' event. The theme is ENERGY. Please post your questions on bills, switches, alternative fuels etc. Our expert MSE Andrew will answer as many as possible
Dodl as an investment platform
As it currently stands - I've got investments of around 2.5k in Fidelity World Index Fund - held in Fidelity and I invest around £25 - 100 - at least enough to have the service fee held at 0.35%.
I've got a LIfetime ISA - Investment - with Moneybox - its a legacy account from my house purchase - I transferred it from Skipton and invested it in the Fidelity World Index Fund - continue contributions of £25 per month. I'm aware that pension contributions are more tax efficient and I am enrolled in my employers NHS scheme. I'm mindful of the relatively high fees in the Moneybox platform.
With a view to consolidation I've been looking at Dodl, given the cheap fees of 0.15%. I would be looking to invest 100% in equities and another global tracker similar to the Fidelity World Index. Unfortunately Dodl don't offer this particular fund, so It would seem to require a liquidation into cash - transfer the Investment ISA and LIfetime ISA to Dodl and reinvest in the HSBC FTSE All World Index or the Vanguard LifeStrateey 80% equity fund.
Tapping into the collective wisdom of the board - is the transfer worthwhile, portfolio liquidation and all, or having lifted the bonnet is there other things to consider?
★ ★ ★ Meet your Ambassadors
- All Categories
- 338.8K Banking & Borrowing
- 248.6K Reduce Debt & Boost Income
- 447.6K Spending & Discounts
- 230.7K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 171K Life & Family
- 244K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards