Would I have to sell all my stocks and then buy new stocks in the 100% equity fund or is there a way to transfer them over?

Hi there,

I currently have money invested in Vanguard's Lifestrategy 80% equity fund through Charles Stanley. I've been investing monthly for the last 7 years in order not to time the market.

I am now interested in moving my money to the 100% equity fund however would this mean I would have to sell all my stocks and then buy new stocks in the 100% equity fund or is there a way to transfer them over?

My worry is that all the careful work I've been doing over the years to add this money slowly and not time the market would be wasted if I just buy 100% equity funds in one go. Am I missing something?

Would I be losing money doing this? Would a better approach be to invest in the 100% equity fund moving forward and leave the money I have in the 80% equity fund alone?

My goal is to live off the compound interest in around ten years.

Thank you very much in advance,
Gail

Hi Gail

You have started in a good way that will set you up for long term success. Time in the market rather than timing the market is a good discipline for long term investment success.

The actual equity portion of your portfolio is a personal decision based on several factors. If you would like to go to the 100% equity fund, you will have to sell to buy.

This is not timing the market, rather it's a change in strategy. The actual change is only to 20% of your portfolio. You are selling bonds and buying equities.

If you have decided that 100% equities is best for you. Then best to make that change with all the funds.

Only word of caution. Is this in a SIPP or ISA?

If so no tax implications on changing. If not there maybe tax to consider.

I hope this helps.

Christian