Vanguard £90 a share?

artyboy

Just wait till you see what CSH2 costs...

jimjames

gesdt50 said:

Exodi said:

EthicsGradient said:

More detail is needed, I think.

Ayr_Rage said:

Exactly which stock are you looking at, what is the designation and on which market?

ColdIron said:

Vanguard offer many many funds, which one are you talking about?

Given the OP appears to be new to investing, it's almost certainly going to be the S&P500.

It feels like it's a rite of passage for people starting out to spend a few minutes googling for the highest returns and landing there.

And unsuprisingly, it also happens to be priced at "£90 and some pence" -https://www.vanguardinvestor.co.uk/investments/vanguard-s-and-p-500-ucits-etf-usd-accumulating/overview

I don't use Vanguard, but when I did in the past, I seem to remember they did not allow fractional shares for ETF's? If that's still the case -

@gesdt50 Yes that's around how much it would cost for 1 unit of the fund (noting that that is yesterdays price, not the price you would actually buy at). If you deposited £100 to buy in, you might find a day or two later you own 1 share, purchased for around £90.38 (it will be a different figure depending on whether it went up or down) and about £9.62 in cash.

Alternative, you could invest in a non-ETF that allows fractional shares, for example (assuming you're desperate to go all in on US equities) - https://www.vanguardinvestor.co.uk/investments/vanguard-us-equity-index-fund-gbp-acc/overview

You'll note it's priced at £1054.13 (again, that's yesterdays closing value). If you deposited £100 to buy in, you might find a day or two later that you own around 0.094865 units, with £0 in cash.

In both scenarios your portfolio would have ~£100 in value (until the stock starts to move up and down). The latter IMO is better as you want as much of your money employed as you can.

To the second half of your question, you can buy as many units as you want.

Thanks, was indeed looking at the S&P 500 enquiring if it was limited to 1 share 

I wouldn't even buy 1 share until you fully understand what you are buying and what it means. There is lots of info out there about investments to help get up to speed.