as of 26/03/2020 at 9:53 am
There are three core investment choices in Moneybox: the Cautious fund; the Balanced fund and the Adventurous fund.
Costs are an average of 0.68% a year plus a £1 a month subscription fee. The 0.68% is made up of 0.45% for the platform administration and an average of 0.23% for the funds – the cash option will be cheaper than the Adventurous option as shares cost a bit more to manage.
Small start-up but has some big friends under the bonnet
|12 month indicative performance:||
Dated performance availability online. From 1.1% to 9.1% in 2017.
"I've got a Stock and Shares ISA with Moneybox. I recently invested a £5000 lump sum with them, and I'm making regular weekly investments of £75. When I invested the £5000, the share price was quite high based on the performance of the fund. I'm just wondering whether I made a mistake investing the lump sum in one go, and whether I should have drip fed it into the account in the same way as my weekly deposits? If so, should I withdraw and start to drip feed it back in?"
Tim, West Midlands
05/04/2019Read our reply