Charges

RogerPensionGuy

booneruk said:

RogerPensionGuy said:

a link from Pension Craft I watched last night, a great(like always) insight of churning units and showing the overall costs especially when units have big splits between the buying and selling prices.

I watched this too, and it backed up what I've been thinking lately after I've started investing in a range of ETFs this year. I noticed wide bid/offer spreads on some of those, and have trained myself to not make market trades but limit orders instead (I have Freetrade or T212 for this). If you're not desperate to buy or sell this gives you certainty over price, but less certainty that your trade will actually get filled

The phase I'm always told, continuous trading is like over using a bar of soap, often little effect, but the soap bar gets smaller. 

booneruk

RogerPensionGuy said:

The phase I'm always told, continuous trading is like over using a bar of soap, often little effect, but the soap bar gets smaller. 

That's a good one! And a phrase my younger self would wish he knew.

I'm very much long term these days, adding not selling. My younger self would have appreciated low cost passive funds and reasonably priced platforms too.