Core fund for ISA - Vanguard LS 100?

FIREmenow

InvesterJones said:

FIREmenow said:

iShares MSCI ACWI ETF USD Acc

When I last looked at this one, one issue with this ETF is that it is traded in USD, so you will incur FX fees? Not sure if that's still the case.

If referring to SSAC (IE00B6R52259) then it's traded in GBX so no FX fees.

Thanks, I think it was ISAC in USD that came up on Monevator at some point in the past but has been updated now to SSAC.

FIREmenow

F1001 said:

Thanks All! I am still a bit confused with the OEIC vs ETF thing - can't understand when to choose one versus the other and how to compare costs. And if OEIC is VLS100 basically the same as HSBC Ftse All World but % with UK FTSE100? While I am deciding any views on what to invest in that won't cost me if I buy now and sell in the next couple of weeks? Conscious that my money is sitting in ii as cash while I learn this stuff! And I just missed my monthly free trade deadline again Thank you!

You can compare them on Morningstar
Click on the headings to see details. Looking at the individual details will show the holding differences. 

Have you got a big chunk to invest to max out the ISA in one go? When you've made a decision, it might be worth just paying the transaction fee if you don't want to wait to next month. If it's a large amount the fee will be a small percentage.

F1001

FIREmenow said:

F1001 said:

Thanks All! I am still a bit confused with the OEIC vs ETF thing - can't understand when to choose one versus the other and how to compare costs. And if OEIC is VLS100 basically the same as HSBC Ftse All World but % with UK FTSE100? While I am deciding any views on what to invest in that won't cost me if I buy now and sell in the next couple of weeks? Conscious that my money is sitting in ii as cash while I learn this stuff! And I just missed my monthly free trade deadline again Thank you!

You can compare them on Morningstar
Click on the headings to see details. Looking at the individual details will show the holding differences. 

Have you got a big chunk to invest to max out the ISA in one go? When you've made a decision, it might be worth just paying the transaction fee if you don't want to wait to next month. If it's a large amount the fee will be a small percentage.

Thanks @FIREmenow  looking on Morningstar was really helpful to compare. Am veering towards VGGG.
Yes my plan is to max out my ISA in one go so the fees are small in comparison. Maybe one for a new thread but someone suggested doing this (choosing a index tracker) in my pension and going more for a high yield dividend strategy for my ISA. Any thoughts on this?  

F1001

For LGGG in ii, I notice I can put in a limit order, I guess because it's an ETF vs OEIC and traded intraday. Is this a good idea to use to buy in at a good price? The closing price for LGGG is 1,520.20p - would like to know how to determine a good limit price or if this is a time waste...

Alexland

F1001 said:

For LGGG in ii, I notice I can put in a limit order, I guess because it's an ETF vs OEIC and traded intraday. Is this a good idea to use to buy in at a good price? The closing price for LGGG is 1,520.20p - would like to know how to determine a good limit price or if this is a time waste...

It depends how much you are trading but I suggest you are very careful with placing orders for LGGG to avoid a wide spread. I tend to google "LON LGGG" to get a feel for the share price and compare that to the price I am being offered live on the platform but you only have around 10 seconds to accept.
I've even had problems in the past buying the generally lower spread VEVE where I had to split into multiple £100k orders to get a good price.
I still hold both in different accounts - the potential spread puts me off ever selling them!
ps. If you want low spread then there's the classic SWDA.

F1001

Alexland said:

F1001 said:

For LGGG in ii, I notice I can put in a limit order, I guess because it's an ETF vs OEIC and traded intraday. Is this a good idea to use to buy in at a good price? The closing price for LGGG is 1,520.20p - would like to know how to determine a good limit price or if this is a time waste...

It depends how much you are trading but I suggest you are very careful with placing orders for LGGG to avoid a wide spread. I tend to google "LON LGGG" to get a feel for the share price and compare that to the price I am being offered live on the platform but you only have around 10 seconds to accept.
I've even had problems in the past buying the generally lower spread VEVE where I had to split into multiple £100k orders to get a good price.
I still hold both in different accounts - the potential spread puts me off ever selling them!
ps. If you want low spread then there's the classic SWDA.

Sorry am a bit confused - could you explain the "wide spread" and "lower spread" parts? Why would spread put you off selling and in that case how would you ever cash out or use the funds someday? I thought with a limit order you can set your buy price so take advantage of intraday / event volatility? Looked at SWDA and ongoing charge is higher which is why I went for LGGG. 

masonic

Spread is just the difference between the buying and selling price, each will have a profit margin added compared with the mid-price or net asset value. A 0.5% spread would be irrelevant if holding for 20 years, but if you are trading frequently these costs can mount up.

Alexland

For example at time of writing the HL webpage for LGGG has an indicative spread of 0.36%, VEVE 0.04% and SWDA 0.02% which is pretty typical so when buying market traded investments you need to think about both the upfront and ongoing cost.

In terms of ability to cash out it shouldn't be a problem you just need to be careful and if you have a large holding or the ETF has a high indicative spread might need to do multiple orders to find enough market demand willing to pay an acceptable price.

F1001

Thank you everyone for your help! Might be one for a different thread but am curious on what strategies people have for their investing accounts - I have (several) workplace pensions, a S&S ISA, and a GIA. Am wondering if they should all be passive index tracking or if others are using different strategies for their accounts? What do you do and why?

InvesterJones

F1001 said:

Thank you everyone for your help! Might be one for a different thread but am curious on what strategies people have for their investing accounts - I have (several) workplace pensions, a S&S ISA, and a GIA. Am wondering if they should all be passive index tracking or if others are using different strategies for their accounts? What do you do and why?

Generally no difference - your chosen strategy should apply across your portfolio in total. However, if you are bucketing your funds into different access timespans then obviously put the longest term ones into pensions, and shortest probably into the GIA. If you were doing your own fund picking (rather than a simple index tracker) then you can arrange them to limit CGT/Dividend tax for the GIA (if you're going for bonds for example, then gilts are good for GIA). Different platforms sometimes have different fees for different account types which might also feed into the decision.