as of 26/02/2019 at 3:22 pm
New investment service from one of the world's largest asset managers.
|Minimum amounts:||£100 minimum monthly amount
£500 minimum initial amount
|12 month indicative performance:||
A medium risk fund (Vanguard LifeStrategy 60%) returned 8.6% in 2017, after charges.
"I have had roughly £40k in a Hargreaves Lansdown Stocks & Shares ISA for the past 2+ years, divided into £34k in their Portfolio Plus Balanced Growth and £5k in a mixture of shares I selected myself (£3.5k of that in Lloyd’s). While I am happy to keep the shares element, I don’t feel the managed portfolio is working for me and I could do better elsewhere. Over the 2+ years I am down 1% on initial investment. I would like to move away from Hargreaves Lansdown altogether, as in that period I have paid close to £350 in charges. I also have a separate ISA with Vanguard which is £20k in the LifeStrategy 80:20 which I am happy with. Where would you suggest I could invest the £34k for a better return? I am happy with balanced and some element of high risk. I’m 47, have two primary school age children, & live in central London. I also have a mortgage and a workplace pension. Many thanks."
20/03/2019Read our reply
"Hi - Your site is very useful and informative. For the last 9 months I've drip fed just over £10,000 into a Moneyfarm Investment ISA (balanced/medium risk) just over 60% shares, it has been a very volatile year as you know. Moneyfarm seem to have done a good job of protecting my capital. I was down around £500 at the worst point which I have now recouped, however I haven't really made much in the way of gains, which I'm a bit disappointed about. I was wary about taking on too much risk, but now think I may have not taken on quite enough. I'm thinking about giving it 12 months to see how it goes. If I then wanted to, would I be able to transfer the whole lot to another platform (say Vanguard) where the fees are lower, and I might make a bit more profit? I know you're not allowed to give regulated advice - but I'm uncertain if I should transfer the whole lot in one go, or drip feed it into the new platform should I decide to move it. I would welcome whatever help you can give me. Regards, Robert"
14/03/2019Read our reply
"I am 47 years old and up to this point I have ensured I have sufficient cash saved and regularly overpay my mortgage. I also have a company pension into which I pay additional voluntary contributions. I would now like to open an investment ISA for growth, with an initial figure of about £5000 and then about £250 per month (more when possible) for at least 10 years. I am tempted by the Vanguard LifeStrategy 80 due to the low fees and strong reputation. I would also consider investing in a couple of other Vanguard funds as well. Would this be advisable or relatively unnecessary, if I'm already investing in the LifeStrategy fund? I have also been looking with interest at a number of other companies including, Nutmeg, Wealthify, IG and AJ Bell Youinvest. Is there any provider that would stand above the others as most suitable in my circumstances? Whilst I would like my investment to start working without too much input from me, I would be happy to get more involved as my knowledge and understanding increase. Any insight or opinions you may have would be appreciated. Thanks."
Matt, South Yorkshire
11/03/2019Read our reply