Time for a FTSE100 tracker?

Time for a FTSE100 tracker?

Author
Discussion

scottri

Original Poster:

951 posts

182 months

Friday 17th October 2014
quotequote all
Morning,

Just after some recommendations for a FTSE100 tracker of some description and opinions on whether its good time to jump in?

We're not talking huge numbers, £1000 in and then i'd want to contribute ~£400 each month.

Edit* oh, and can i wrap it in an ISA?

Cheers

Pheo

3,331 posts

202 months

Friday 17th October 2014
quotequote all
If you are making monthly contributions then just get on with it. Trying to time the market is a bit of a fools errand.

I use life strategy via HL ISA but there are lots of cheap tracker options. Moneyvator is an ok blog to look at and get some recommendations - they have a post with their current fund recs. iirc it's all about total fee cost really.

Ginge R

4,761 posts

219 months

Friday 17th October 2014
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Scottri,

It's a bad time if you have a low capacity for investment risk and next to no capacity for loss!

Pheo,

I agree, in principle, 100%. But if you're so inclined and well informed enough to invest, if you have a suitable timescale in mind and if you are sitting on the cash that you are going to invest (lots of ifs!) anyway, now would seem a potentially good opportunity to do so.

scottri

Original Poster:

951 posts

182 months

Friday 17th October 2014
quotequote all
I've lost money (frighteningly quickly) and made money on shares before, so comfortable with the risks and potential loss involved.

I'll check out HL & Moneyvator, thanks.


PugwasHDJ80

7,523 posts

221 months

Friday 17th October 2014
quotequote all
Interesting thread

I want to put away £5k for 18 years in the stock market- want a FTSE 100 tracker that re-invests divvies and allows me to add as necessary.

My thoughs are that over 18 yeras the investment will be mostly safe and very likely to grow.

Problem is, i don't know where to start on this- who do i talk to and how do it do it!

Ginge R

4,761 posts

219 months

Friday 17th October 2014
quotequote all
Pugwash,

In about two months time I'd be able to say come and speak to me! In the meantime though, there are a few providers out there if you want to do it all yourself. Without suggesting these are any better or worse than any other provider, take a look at an offering such as this.

http://www.bestinvest.co.uk

PugwasHDJ80

7,523 posts

221 months

Friday 17th October 2014
quotequote all
thanks Ginge R

have given them a call- its all very easy to invest which is nice.

Problem is i'm not sure which fund I actually want- I know its an HSCB FTSE 250, but I want to re-invest all divs and I can't work out which that is!

Ginge R

4,761 posts

219 months

Friday 17th October 2014
quotequote all
Is there the option to specify re-invest when you set the account up? There should be. This the one?

http://www.bestinvest.co.uk/investment-research/fu...

Mattt

16,661 posts

218 months

Friday 17th October 2014
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You want to look at ACC not INC then

davepoth

29,395 posts

199 months

Friday 17th October 2014
quotequote all
scottri said:
Morning,

Just after some recommendations for a FTSE100 tracker of some description and opinions on whether its good time to jump in?

We're not talking huge numbers, £1000 in and then i'd want to contribute ~£400 each month.

Edit* oh, and can i wrap it in an ISA?

Cheers
Did this two weeks ago and have been watching with perverse glee as the graph went down, and down and down. wink

Yes, you can wrap up a FTSE tracker in an ISA. I went with an ISA Account from iWeb because it was super, super cheap, but I was investing a lump sum and won't need to trade often. If you want to do regular and smaller numbers it's probably not the right one but there are dozens of them around so you should be able to find one that works for you.

As the guys say, if you're investing for the long term a couple of hundred points either way on the index won't make a big difference right now; the dividend is the thing to concentrate on.

scottri

Original Poster:

951 posts

182 months

Friday 17th October 2014
quotequote all
davepoth said:
Did this two weeks ago and have been watching with perverse glee as the graph went down, and down and down. wink

Yes, you can wrap up a FTSE tracker in an ISA. I went with an ISA Account from iWeb because it was super, super cheap, but I was investing a lump sum and won't need to trade often. If you want to do regular and smaller numbers it's probably not the right one but there are dozens of them around so you should be able to find one that works for you.

As the guys say, if you're investing for the long term a couple of hundred points either way on the index won't make a big difference right now; the dividend is the thing to concentrate on.
Thanks, think i'll have a punt. The HSBC FTSE100 tracker seems popular, looking at that at the moment.

L555BAT

1,427 posts

210 months

Saturday 18th October 2014
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Look at Vanguard as well.

davepoth

29,395 posts

199 months

Saturday 18th October 2014
quotequote all
scottri said:
Thanks, think i'll have a punt. The HSBC FTSE100 tracker seems popular, looking at that at the moment.
That's the one I went for. It's tracked the market pretty well, and has the lowest fees I could find.

PugwasHDJ80

7,523 posts

221 months

Sunday 19th October 2014
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Ftse 100 pr 250 tracker?

Pluses or minuses?

davepoth

29,395 posts

199 months

Sunday 19th October 2014
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PugwasHDJ80 said:
Ftse 100 pr 250 tracker?

Pluses or minuses?
The 250 tends to be a bit more volatile, so offers the chance of better reward at higher risk. The FTSE All-Share (100+250) is a good compromise if you want to go somewhere in between.

Sidewindow

300 posts

223 months

Sunday 19th October 2014
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I've been looking at L&G UK Tracker Fund (acc), annual charge is lower than most at 0.08%. Also wondering on an entry point as the FTSE100 has every chance of dropping further. Best way is to phase it in I suppose.

ringram

14,700 posts

248 months

Sunday 19th October 2014
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Correct.

Dollar Cost Average wink

Ginge R

4,761 posts

219 months

Sunday 19th October 2014
quotequote all
I couldn't guarantee that this resource is unabridged and I know that prices have dropped subsequent to it being published, but as an aide-memoire for research purposes, this might make for useful reading.

http://monevator.com/low-cost-index-trackers/

PugwasHDJ80

7,523 posts

221 months

Monday 20th October 2014
quotequote all
Ok so next problem

ideally we would open the account in our daughters name (who is 2), but not use a Junior ISA as we'd like to retain the ability to withdraw funds in case of emergency.

Thing is she's 2, so is there there any way of doing this?

K12beano

20,854 posts

275 months

Monday 20th October 2014
quotequote all
Whilst trackers seem great, it always concerns me that people walk into them without thinking of the dividends that the underlying stocks would have attracted.

Strikes me that simply buying a tracker is a pretty poor deal, even if the costs are low.

Thoughts?