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  • FIRST POST
    • moneymagic
    • By moneymagic 12th Apr 18, 8:33 PM
    • 40Posts
    • 198Thanks
    moneymagic
    New to the investing game
    • #1
    • 12th Apr 18, 8:33 PM
    New to the investing game 12th Apr 18 at 8:33 PM
    Hello all,

    I am considering opening my first S&S ISA. After some reading and considering my risk profile, I am considering investing in the VLS80 and hopefully in the next few years when I get some experience I will expand my portfolio further. (I'm 28, currently buying my first property and have some cash savings as an emergency fund so this seems like the next logical move)

    I have a few questions

    1. It appears that the Vanguard platform itself may be the cheapest option for me in terms of investing in VLS funds in a S+S isa. Does anyone know other platforms that would be preferential?

    2. For those that do use the vanguard platform - the minimum monthly payment is 100 but can do a lump sum of 500. Does that mean I could (for example) pay in 500 and not have to pay the minimum monthly contribution? Does the ISA accept adhoc payments (not monthly DDs) via debit card or the like? I'm hoping to invest between 50 and 100 pm which is below the minimum monthly threshold but if I made an initial investment and added money manually monthly would this be acceptable?

    Thanks in advance
Page 1
    • Zorillo
    • By Zorillo 12th Apr 18, 8:48 PM
    • 361 Posts
    • 220 Thanks
    Zorillo
    • #2
    • 12th Apr 18, 8:48 PM
    • #2
    • 12th Apr 18, 8:48 PM
    1 I like the Vanguard platform and I wish they offered a LISA as it's much easier to navigate by smartphone than AJ Bell is for example.

    2 Once you've made a lump sum payment of at least 500 you can then do ad hoc payments or regular contributions of whatever you like.
    • ValiantSon
    • By ValiantSon 13th Apr 18, 1:01 AM
    • 2,537 Posts
    • 2,511 Thanks
    ValiantSon
    • #3
    • 13th Apr 18, 1:01 AM
    • #3
    • 13th Apr 18, 1:01 AM
    1. If you are only going to be investing in Vanguard LifeStrategy for the time being then Vanguard Investor is the cheapest way to do it.

    2. Yes, if you make an initial investment of 500 then you can make additional investments as you wish from that point on using a debit card. (I'd suggest setting up a DD to pay your fees every quarter, however, so you don't have to worry about holding cash in the account, or worse, having investments sold to pay the fees).
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