JISA - Vanguard Life Strategy
Discussion
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?
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?
I hope it's a sound idea, as it's exactly what I've done for the kids.
I was going to self-select a few funds to keep the costs down, but with such uncertainty I found I was selecting a larger number of funds for diversification, until it just didn't make sense to pay the trade fees and manage it myself any more. As my selections were stealing ideas from LifeStrategy 80 anyway, I just went with that (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).
I was going to self-select a few funds to keep the costs down, but with such uncertainty I found I was selecting a larger number of funds for diversification, until it just didn't make sense to pay the trade fees and manage it myself any more. As my selections were stealing ideas from LifeStrategy 80 anyway, I just went with that (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).
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?One tactic I've read to change your allocations is to divert your contributions until you re-balance.
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