Robo isas - vanguard isa life strategy?

Dave05

Jami74 said:

Dave05 said:

boingy said:

For a novice I'd suggest funds like the Vanguard LS are a better choice than anything Robo.

Hi

So with these do u just pay in and vanguard manage/rebalance etc or do i need to have some sort of hand in it

I have some Vanguard Lifestrategy fund on the Vanguard platform in an ISA. As and when I choose I deposit some money and within a few days I own a bit more shares. The value bounces up and down a bit as is normal for investments. Fees are taken from my account every 3 months, if there's not enough cash they sell a bit of the fund to pay them although I believe you can pay them by direct debit from your current account. The Vanguard platform now has a minimum charge of £4 a month fees so depending on the size of your investment it might be cheaper to hold the Vanguard Lifestrategy fund on a different platform. That is pretty much the extent of my involvement in my S&S ISA, I am very much an ignorant novice.

Hi

I have 20k to use would vanguard be good for this instance or are the fees cheaper elsewhere 

Dave05

Alexland said:

Robos are usually the simplest option as you just open the account and answer a few questions however while they are unlikely to be the cheapest option.

Holding a multi-asset fund (such as VLS or HSBC Global Strategy) is a bit harder as you have to pick a platform that is good value for the size and frequency for your contributions and then pick a multi-asset fund manager, then a risk level within that series then ensure you keep on top of paying the platform fees. It's more work but usually at least 1/3 cheaper on small accounts and on larger accounts can be significantly cheaper.

Hi

Yeah it's working out the fees overall, i have 20k to deposit and i think I've narrowed it down to vanguard t212 (although don't think this has a managed option?) and money farm but only because I've heard these mentioned more, when generally googling everyone had there good and bad for each platform so it's hard to narrow down