Transfering Vanguard S&S ISA to Trading 212?
Discussion
I currently have S&S ISAs with Vanguard and Trading 212. I'm thinking of transferring the Vanguard into T212, mainly because of the limited ETFs and higher costs.
My question is what do I need to do to transfer it? Do I need to sell all the Vanguard ETFs and hold as cash before initiating the transfer? If I just initiate the "transfer in" on T212, does Vanguard just sell at the current price then transfer?
My question is what do I need to do to transfer it? Do I need to sell all the Vanguard ETFs and hold as cash before initiating the transfer? If I just initiate the "transfer in" on T212, does Vanguard just sell at the current price then transfer?
Usually you initiate a transfer from the receiving platform.
I would hope T212 can do an "in specie" transfer where the ETFs can simply be transferred across.
I would strongly consider what you want to get out of a transfer.
The limitations on what Vanguard offer can be seen as a good or bad thing and (for example) if you're transferring to save on fees but turn into a "kid in a sweet shop" because T212 makes it too easy to over-trade you might find you get into bad habits.
Trading v investing lecture over
I would hope T212 can do an "in specie" transfer where the ETFs can simply be transferred across.
I would strongly consider what you want to get out of a transfer.
The limitations on what Vanguard offer can be seen as a good or bad thing and (for example) if you're transferring to save on fees but turn into a "kid in a sweet shop" because T212 makes it too easy to over-trade you might find you get into bad habits.
Trading v investing lecture over
butchstewie said:
Usually you initiate a transfer from the receiving platform.
I would hope T212 can do an "in specie" transfer where the ETFs can simply be transferred across.
I would strongly consider what you want to get out of a transfer.
The limitations on what Vanguard offer can be seen as a good or bad thing and (for example) if you're transferring to save on fees but turn into a "kid in a sweet shop" because T212 makes it too easy to over-trade you might find you get into bad habits.
Trading v investing lecture over
I do hear you. I can be guilty of messing with the portfolio too much on T212. I just like the idea of being able to set stop losses (not possible on Vanguard) and being able to move between cash ISA and S&S ISA like you can on T212. Plus, I like the idea of seeing a bigger total number all on one platform. I would hope T212 can do an "in specie" transfer where the ETFs can simply be transferred across.
I would strongly consider what you want to get out of a transfer.
The limitations on what Vanguard offer can be seen as a good or bad thing and (for example) if you're transferring to save on fees but turn into a "kid in a sweet shop" because T212 makes it too easy to over-trade you might find you get into bad habits.
Trading v investing lecture over
Perhaps I should set and forget on Vanguard and then mess about on T212 just to prove the well known concept that the market generally beats active traders.
FreeLitres said:
... Perhaps I should set and forget on Vanguard and then mess about on T212 just to prove the well known concept that
the market generally beats active traders.
the market generally beats active traders.
If you are begining to believe that is true (which over 35 years it has certainky been proven to me), then you would improve your growth by only doing your 'set and forget'.
Is your temptation to participate in 'mess about', because you cannot resist a 'flutter'?
You can still have your gambling thrill, after the market closes each week.
Run your performance monitoring system, then see whether it is you or the market Index, which has won that week.
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