JISA - Vanguard Life Strategy

JISA - Vanguard Life Strategy

Author
Discussion

thekingisdead

Original Poster:

241 posts

134 months

Thursday 20th April 2017
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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?



TartanPaint

2,992 posts

140 months

Friday 21st April 2017
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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).

mdianuk

2,890 posts

172 months

Friday 21st April 2017
quotequote all
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?

thekingisdead

Original Poster:

241 posts

134 months

Friday 21st April 2017
quotequote all
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.

Croutons

9,916 posts

167 months

Friday 21st April 2017
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Which platforms have you bought the fund through and how have you found the provider?

thekingisdead

Original Poster:

241 posts

134 months

Friday 21st April 2017
quotequote all
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.