FTSE 100 Tracker ISA
Discussion
I have a bit of money from an inheritance, and since I've been a good boy and "maxed out" my ISA for the last few years I feel I'm in a good enough place financially to take a bit of a punt on the stock market.
I'm not looking to go mad though, so all I want to do is put the rest of this year's ISA limit (so £10k give or take) into a FTSE 100 tracker. I've been looking around a little bit (but not too much yet) to try and find the best deal but I'm struggling a little bit to figure out what the most cost effective fund/wrapper combo is going to be.
Does anyone have any thoughts?
I'm not looking to go mad though, so all I want to do is put the rest of this year's ISA limit (so £10k give or take) into a FTSE 100 tracker. I've been looking around a little bit (but not too much yet) to try and find the best deal but I'm struggling a little bit to figure out what the most cost effective fund/wrapper combo is going to be.
Does anyone have any thoughts?
Dave,
Invest from an inheritance can be a bitter sweet task. But if you're certain that the FTSE 100 is *the* tracker for you, Fidelity dropped its price the other week; now, that particular index can be had for something like 0.08%. If you want to offset the lack of diversity that tracing one index brings you, have you considered baskets of funds - such as those from Vanguard, 7IM and Black Rock?
Cheapest isn't always best, but as a factor, it certainly has a huge impact on returns.
Invest from an inheritance can be a bitter sweet task. But if you're certain that the FTSE 100 is *the* tracker for you, Fidelity dropped its price the other week; now, that particular index can be had for something like 0.08%. If you want to offset the lack of diversity that tracing one index brings you, have you considered baskets of funds - such as those from Vanguard, 7IM and Black Rock?
Cheapest isn't always best, but as a factor, it certainly has a huge impact on returns.
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