Vanguard, iweb or ii?

Chickereeeee

If you are starting out in investing, you may be thinking "What? Do I want funds or ETFs, do I only want Vanguard? Will I change my mind in the future, and what happens then?"

If so, I would suggest a platform that does all the investments you MAY want longer term, and which doesn't charge more for one type or another, but is still low cost. Otherwise you may find yourself investing in ETFs for lower cost, but realise that funds are a better fit for you and get hit by higher charges.

Therefore, I would recommend iWeb or II, with II ahead due to 2FA, and a better web/app interface. iWeb would be a bit cheaper.

Qyburn

Remember to factor in dealing charges, especially if investing monthly.

Chickereeeee

Plus, with ETFs you cannot buy a fraction of a share. With Vanguard global tracker ETFs around £90 per share,  you probably would not be able to invest the full amount each month. 

With funds, (e.g. Vanguard Global All-Cap), you can.

(Can make a difference if investing a small amount each month, but makes a significant difference to adminstration!)

granta

ColdIron said:

ispookie666 said:

But there is a dealinging fee of £12ish.

£0, if you use the monthly savings option, now that they have scrapped the dealing charge

Does the £0 dealing charge for regular investing apply to ETFs too? If so, that makes it the cheapest option for me to hold and regularly buy into an ISA. 

Stargunner

granta said:

ColdIron said:

ispookie666 said:

But there is a dealinging fee of £12ish.

£0, if you use the monthly savings option, now that they have scrapped the dealing charge

Does the £0 dealing charge for regular investing apply to ETFs too? If so, that makes it the cheapest option for me to hold and regularly buy into an ISA. 

It does and as you can’t buy fractions of etf’s the excess money is put in to your cash account. You would pay dealing fees if you buy ETF’s from your cash account.

granta

Stargunner said:

granta said:

ColdIron said:

ispookie666 said:

But there is a dealinging fee of £12ish.

£0, if you use the monthly savings option, now that they have scrapped the dealing charge

Does the £0 dealing charge for regular investing apply to ETFs too? If so, that makes it the cheapest option for me to hold and regularly buy into an ISA. 

It does and as you can’t buy fractions of etf’s the excess money is put in to your cash account. You would pay dealing fees if you buy ETF’s from your cash account.

Thanks, that sounds promising. I'd only ever used the £45 ISA for transfers in so the regular investing option will be useful. 

ColdIron

granta said:

ColdIron said:

ispookie666 said:

But there is a dealinging fee of £12ish.

£0, if you use the monthly savings option, now that they have scrapped the dealing charge

Does the £0 dealing charge for regular investing apply to ETFs too? If so, that makes it the cheapest option for me to hold and regularly buy into an ISA. 

Yes it does, no charges for reinvesting dividends either

Do check that the ETF you want is in their list of available shares. There are a few hundred shares, ITs and ETFs but worth double checking

In a GIA it's very good value (£0 to buy, £0 annual fee and £11.95 to sell). Almost cheaper than IWeb (£5 to buy, £0 annual fee and £5 to sell)

wmb194

Chickereeeee said:

Plus, with ETFs you cannot buy a fraction of a share. With Vanguard global tracker ETFs around £90 per share,  you probably would not be able to invest the full amount each month. 

With funds, (e.g. Vanguard Global All-Cap), you can.

(Can make a difference if investing a small amount each month, but makes a significant difference to adminstration!)

With some brokers you can e.g., Trading212.