JISA - Vanguard Life Strategy

[thekingisdead]

Want to transfer Junior's ISA to a Stocks & Shares (yeah I know.... I should have done it 3 years ago...)

Im attracted to the Vanguard Lifestratgy (for its simplicity) and relatively low costs.

With markets (particularly US) looking expensive right now, I was planning on transferring 50% of the cash immeadiately, and the remainder drip fed over the next 11 months.
Beyond that I intend to make regular contributions (although not significant amounts, unfortunatlety).

do you think this is a sound strategy? Am I wrong to purchase a fund heavily dominated by expensive US markets and a strengthening pound?

[thekingisdead]

mdianuk said:

TartanPaint said:

(which I'll shift to 60/40/20 over the years when I feel the time is right as 18th birthdays approach. They're currently 3 and 1).

On that note, can you simply 'shift' funds, or do you need to sell (hoping they are up) and then buy the alternative fund?

I'm fairly new to all this, but the VLS is an ETF, so you trade it like an ordinary share. You'd have to sell and re-buy (as you would embedding a normal equity into an ISA etc.)

One tactic I've read to change your allocations is to divert your contributions until you re-balance.

[thekingisdead]

Charles Stanley Direct.
0.25% annual fee (plus fund fee)
No charges for buying ETF's

Website is ok, not totally intuitive (for me) but easy enough with a little perseverance.