transfering stock ISA from Vanguard to T212 but T212 does not have the same stock.

dan041961

I'm also thinking radically here - maybe cash in my £20K cash ISA ( from 24/25) which is elsewhere and and investing it all across some ISA etfs etc. 

Aidanmc

dan041961 said:

I'm also thinking radically here - maybe cash in my £20K cash ISA ( from 24/25) which is elsewhere and and investing it all across some ISA etfs etc. 

I'm not sure what you mean by 'cash in', but i'm sure you know that its possible to transfer a Cash ISA to a Stocks & Shares ISA without losing ISA status.

eskbanker

dan041961 said:

actually changing platform due to high fees from Vanguard - and thinking about building up my current T212 S&P funds which are currently doing very well so hopefully a win win although I'm not sure about completely ditching my FTSE globals

With all due respect, you seem to have a pretty haphazard view of investing, without clear objectives or strategy - is this money that you can afford to lose?

dunstonh

2. actually changing platform due to high fees from Vanguard - and thinking about building up my current T212 S&P funds which are currently doing very well so hopefully a win win although I'm not sure about completely ditching my FTSE globals

You do realise that global equity vs US equity historically cycles and that the last 12 years have favoured US equity but the 12 years before that favoured global.  Some think the next cycle back towards global has already begun (with US equity being weaker this year - only time will tell).

Plus, you are domiciled in the UK.  Part of the strong period for US equity for Sterling investors was the fall in Sterling against the Dollar.    This year has been the opposite.     If the dollar continues to fall against Sterling, then being too US heavy will hurt you.

dan041961

Thanks for all your wisdom folks which is an education and as one person stated I have a haphazard view of investing because I know very little about it at the tender age of 64 and retired.  I'm thinking my investments will be there for my children to help them with property etc.  I am very conservative with investments having most capital in high interest fixed savings' accounts but dabble a little in the ISA stocks now for about 2 years currently riding high.   Any pointers to good literature for the simpleton would be gratefully received such as investing for dummies.

Aidanmc

dan041961 said:

Thanks for all your wisdom folks which is an education and as one person stated I have a haphazard view of investing because I know very little about it at the tender age of 64 and retired.  I'm thinking my investments will be there for my children to help them with property etc.  I am very conservative with investments having most capital in high interest fixed savings' accounts but dabble a little in the ISA stocks now for about 2 years currently riding high.   Any pointers to good literature for the simpleton would be gratefully received such as investing for dummies.

You could start here

https://monevator.com/category/investing/passive-investing-investing/

https://kroijer.com/

eaustin

MX5huggy said:

Alternatively in Vanguard sell the fund you have then buy an ETF that is available on T212 I suggest VWRP.

I use VGVH it’s cheaper but has no emerging market exposure.

Then you can do an “in specie” transfer therefore not selling and re buying and being out of the market for an unknown period. 

I am in a similar position to the OP, although I wouldn't describe myself as clueless about investing!

My current investments, mostly unit trusts and OIECs are not available on Trading212, would it be better to sell them down and transfer the cash within an ISA wrapper or buy an All World ETF on my current platform and then transfer in specie?

I am concerned about being out of the market. How long would the cash transfer take place? Can I sell and buy the ETF on the same day?

Any advice much appreciated. 

Ch1ll1Phlakes

eaustin said:

MX5huggy said:

Alternatively in Vanguard sell the fund you have then buy an ETF that is available on T212 I suggest VWRP.

I use VGVH it’s cheaper but has no emerging market exposure.

Then you can do an “in specie” transfer therefore not selling and re buying and being out of the market for an unknown period. 

I am in a similar position to the OP, although I wouldn't describe myself as clueless about investing!

My current investments, mostly unit trusts and OIECs are not available on Trading212, would it be better to sell them down and transfer the cash within an ISA wrapper or buy an All World ETF on my current platform and then transfer in specie?

I am concerned about being out of the market. How long would the cash transfer take place? Can I sell and buy the ETF on the same day?

Any advice much appreciated. 

I believe as the cash is in a stocks & shares ISA the 30 day working limit would still apply though I believe, as it's simpler to do, cash in a stocks & shares ISA should transfer across quicker than stocks, ETFs etc.

However, as MX5Huggy mentioned (and your are concerned about) by doing an 'in specie' transfer you're not out of the market. Buying an ETF that is available on both platforms and then transferring would keep you in the market during the transfer.

Just note you cannot transfer fractional shares to Trading 212

ColdIron

I wouldn't let the charges tail wag the investments dog. You could consider a full service platform such as IWeb and keep your OEICs. £0 annual fee and £5 to trade

eaustin

ColdIron said:

I wouldn't let the charges tail wag the investments dog. You could consider a full service platform such as IWeb and keep your OEICs. £0 annual fee and £5 to trade

That’s interesting. Assuming all my funds are held on IWeb that would minimise the risk. I could then buy the new funds and potentially move platform again at a later date. Never heard of IWeb, all I hear about is Trading212 and InvestEngine