InvestEngine Portfolio Update - Stocks and Shares ISA - April 2024

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[@beancount811]

Really like how IE is shaping up.

[@scotchegg6422]

“Pension you can’t take out until 58 at the moment” - this is incorrect. It’s currently 55 but rising to 57 in 2028

[@jimcraiggeezer]

Correct

[@TobyNewbatt]

I should say FOR ME I can’t take it out. Not for you 😎

[@hustlinhitch]

I'm 55 in 2027. Get in!

[@beardmeetsworld0707]

😂​@@hustlinhitch

[@jjstannard]

I'm mid 30s, brand new to investing, but after some inheritance it's something I want to do! I've been working my way through your videos this past week and it's really helped me gain confidence and understanding! I've opened an invest engine account and authorised a transfer and going with a portfolio similar to your above. I've got hopefully 30 years ahead of me and will add in monthly payments... lots to learn as I still know nothing but it's great to see so much free info. Your google platform sheet was really useful too. Thanks so much from sunny Cheshire!

[@TobyNewbatt]

Love to hear this and you are welcome good luck welcome aboard the rollercoaster :)

[@mvwxiv]

Completely new to investing. Thanks for your videos, I still know nothing, but got started today with an IE managed ISA… Not sure where to go next, will keep learning! Thanks

[@TobyNewbatt]

Welcome aboard the rollercoaster!! 😎

[@GeightD]

Are you worried by the fact IE have failed to file their accounts on time?

[@TomsPersonalFinance]

Thanks for thr update, Toby. Looking good 👍

[@T00nL1nk]

Congratulations on your Manchester Marathon big Toby

[@TobyNewbatt]

Thank you! I've got very sore legs.... :P

[@dcphillips1991]

I'll be investing in the Amundi Prime Global DR ETF going forward, global index tracker with a fee of 0.05%.

[@TobyNewbatt]

Interesting, I guess it's cheaper a they are not following a FTSE or an MSCI index so there is no license to pay

[@sanjaymanu1]

Excellent Video..thank you so much Toby…agree it’s better to transfer from vanguard to invest engine…🙏🙏🙏

[@larsenb4803]

Good luck on the transfer completing in two weeks

[@beardmeetsworld0707]

I've just opened an IE account and have a few ISA running in there for me and the kids, on global tracker funds, so this was a good vid to watch. I have my main pension, which is a managed fund, with my IFA but over the last few years the costs vs yield has been crap, so I want to run a passive tracker fund against it for a year to see how the two compare and possibly save myself 0,000s in unnecessary fees.

[@TobyNewbatt]

Nice one! Good luck with it all. Saving those fees is going to be a no brainer :)

[@raymondwebb4179]

I took out a sipp for my grandchildren , grown into a reasonable amount of money, people don’t understand you pay 2800 into the fund, the government adds 800, that’s free money ,the fund is then locked in until they retire, or 58 if wanted,

[@simondavis8634]

taxed on withdrawal but hopefully growth will outweigh the tax

[@coderider3022]

Good for you sir, anyone that can do this should. I’m trying to convince my parents to do it for my nephew but having over generous DB schemes, they think stocks are evil.

[@raymondwebb4179]

@@simondavis8634 25% tax free, also like to point out, many youngsters are bad at money management, They will be unable to get there hands on the pension,untill58/ 59, Perhaps by then good sense SHOULD. Prevail,

[@stephenlewis4625]

the government get it back by taxing 75% of your fund as you cash it in and possibly 40% of the remaining fund if you get caught by IHT more difficult to avoid once you get past 75. Tax free growth yes but same as ISA. They also change to rules almost every year the government see it as easy pickings

[@raymondwebb4179]

@@stephenlewis4625 yes the government does change the rules, ! That’s the bit that is concerning , As for you tax figures, you most certainly have to have a huge pension pot to reach the figures you say, To start with that would mean you have gone through the LTA, to achieve this taxation level If I am incorrect point out how, As I still believe there will be no state pensions in50 years, people need to be self funded,,one other thing , If the person should be in a divorce situation the other side cannot get there hands on the pension until pension age,

[@AR-fy2qo]

Really helpful, makes the common Jo understand, thanks

[@richsmart321]

Still find it scary that in an ETF, you own more £££ in Microsoft & Apple than the whole of your UK portfolio - soon likely to be another 4 or 5 companies. Just shows you the state of the FTSE - no wonder BP & Shell want to leave.

[@TobyNewbatt]

I know it's a bit crazy isnt it! The only way that changes though is if those companies perform well, we've got to attract some exciting companies to list here.

[@thatgreypain]

Hey Toby, thanks for the video, some questions: 1. Why didn't you talk about the SIPP's fee in IE? 0.22%, is it good/bad/similar to other providers? 2. Is there any advantage to using IE than T212? T212 doesn't have fees and has the same protections, so why would one use IE? 3. Are you sponsored by IE in any way/shape/form? Do you have a special referral agreement with them or is it the same referral terms as all other users? Just making sure things are clear and transparent :)

[@TobyNewbatt]

Hey thanks for watching :) 1. I do mention that the SIPP has fees at 7:58 in the video and onwards :) - I didn't go into detail though I can't cover everything in every video. I did a more in-depth comparison recently. 2. Trading 212 is also a great platform, InvestEngine is similar with the zero fee structure. I use Trading 212 as well and love it. I keep my stocks with T212 and my ETFs with InvestEngine. I like having multiple platforms to help segment my investments :) 3. I'm not sponsored by any company or platform. In fact I have never taken money to make a video at all on my channel :). I do earn a small commission when people use any of my links though as is disclosed in the description, similar with T212. I hope that helps! Thanks again for the support :)

[@steve6375]

It might be interesting to compare real-world prices across investment brokers. e.g. buy £500 each of a particular large ETF (e.g. SWDA and VUSA?) at same time on both T212 and IE. Then hold for say 1 month and then sell at both at same time (within 10 seconds). Then look at actual profit/loss. This should show up any hidden costs, esp if you also compare with same trades on a more established platform which has transaction charges - e.g. Interactive Investor or HL? i.e. Actual buy/sell prices in the market (not theoretical ones).

[@disct1597]

Thank you again Toby. 😊

[@davothefirst9371]

Who owns InvestEngine ? and how stable secure are they as a business ?

[@UndisturbedMonk]

I'm sure a simple google search could have told you this? They're FCA regulated and FSCS protection on your cash up to £85000.

[@beancount811]

It's an early stage growth company. Has the Gumtree chap behind it, as well as a few rounds of crowdfunding/other private cash. You can find their history from incorporation under Investengine (UK) Limited and Investengine (Holdings) Limited on Companies House. You can see persons of significant control, as well as click through to the directors' other appointments. It's not perfect, but all the headline information is filed as per the ltd regime in the UK.

[@glennwhitlock1272]

I've got all my money in IE. It's regulated by FSCS, but any company can fail. Do a little research here on KZbin as there are loads of videos on the topic

[@UKGeezer]

Even if IE did fail, your money is actually held in a separate company so it's pretty safe. All this is explained on their website.

[@philipsloan6344]

I want to like IE, but they are currently loss making and their accounts for this year are currently overdue with Companies House, so it doesn’t exactly inspire confidence. They are FSCS protected, but I wouldn’t relish the lengthy procedure (months/yrs?) of waiting for the regulators to free up my investments, unable to trade in meantime.

[@nigelprice3929]

Can I ask Toby, say the sp500 continues to perform very well and EM was to perform less so or even badly. Would you really want to sell an SP500 etf for a loss maker EM etf just to align with some percentages ? EM doesn't seem to counteract the SP500 but mirror it's movements with more down years thrown in. No guarantee the percentages are optimum for returns even if they are in a global etf?

[@ethanpunto9222]

I think 60%+ exposure is still a significant position in it

[@htirvin1]

I thinking FWRG 50% and LGGG 25% and VUSA 25%, what's your thoughts on this?

[@SmilingArd]

I would use IE to invest in other shares than vangaurd shares as vanguard is far better than IE

[@valerienewbatt9678]

Fantastic video , so much info.

[@garyrooke9582]

interesting stuff Toby, couple of observations 1) what's the platform fee IE charge on their SIPP (am currently with Vanguard and they don't charge a platform fee), 2) can you buy individual company shares in the IE SIPP or just ETFs 3) if your ISA ETFs looks to capture the companies through the world at the expense fee ratio of 0.07% but your World ETF in the SIPP doesn't the same world company coverage but at 0.22%.. Why not just replicate your ISA and save on fees? Many thanks in advance

[@TobyNewbatt]

Hey Gary! 1) 0.15% (capped at £200 per year) (Vanguard do charge 0.15% on their platform though? capped at £375 unless you are talking about something else? Vanguard is not free :) 2)No just ETFs on IE, so no individual companies I'm afraid. Good if you don't want to tinker! 3) yes you are 100% right and I could change my SIPP anytime I want. The reason I've gone with VWRP is just for my own psychology. I truly just want to set and forget and not even think about it. Even though yes I will end up paying a tiny bit more in fees. One of those irrational personal decisions I guess!

[@IAmebAdger]

I think the 0.15 TER one you were talking about is FWRG. Any reason to choose VWRP over it? Maybe the fund size.

[@RJOC-ml4tw]

Only reason would be fund size and maybe the spread with it being a smaller fund. i hope FWRG grows as it will put pressure on vanguard to lower their fees.

[@iPawk]

I was also deciding between these 2 and from what I could find, the main difference seemed to be that the Vanguard one had been available for longer/more established, which I think is what they're charging for, so you could make a slightly more informed judgement based on previous years' charts. I think I would've gone for Invesco's one as it'll probable end up doing decently, but ended up just doing VHVG instead.

[@beancount811]

On paper, it would be cheaper to hold FWRG/VWRP on IE DIY SIPP, since it has the same platform fee for SIPPs as Vanguard but a lower fee cap at £200. The headline TER isn't very informative, since there are other costs to consider (ie transaction passthrough fees; FX hedging for those versions of the fund; etc); but FTSE All World Index is a commodity product, so there's huge competition there. Perhaps Invesco chose to sample the index differently or simply making less cash on one leg of the portfolio to draw business. I would check the annual statements or costs tabs for these funds - most big brokers/providers' sites will have them linked. Vanguard have set the VWRP price at the cost of their emerging markets fund, which isn't great, considering that EM is like 5-9% of the index depending where we are in the cycle. In fact by holding the developed markets and EM ETFs from Vanguard in the proper ratio together, you can reduce your costs to 12.7 or 13 bps nominal TER + transaction costs of the funds. This isn't as cheap as the new Amundi product just launched, but very competitive with FWRG from Invesco and HSBC's offerings.

[@TobyNewbatt]

To be fair FWRG is a fantastic fund, There's no reason I couldn't use that and switch. I guess I'm a little bit of a Vanguard fanboy and that small fee difference is a tradeoff for me. You could make the argument that it might be around longer with Vanguard but who knows :)

[@steve6375]

SIPPs are very long term things and can grow quite large over many years. I am not sure I want to trust my whole life savings with such a new company...

[@joeODonnell1]

well noticed, does invest engine make a profit?

[@steve6375]

@@joeODonnell1 Maybe, but so did FTX and Alameda Research...

[@theporkchopexpres]

Another great video. I guess using IE as a platform for your ISA is purely preferential, as you say you want to have everything in one place. Trading 212 would be the same in terms of cost.

[@TobyNewbatt]

Yep Trading 212 is awesome as well, no cost for either platform on the ISA. We're pretty lucky right now as investors.

[@aarongallagher3998]

Hey Toby, I’m 22 and love your videos, and from watching I like to think I’m getting ahead of a lot of people my age. My old man is retiring this year and he wants to invest a large sum (maybe 300k+) over 10 years, so I wanted to know your opinion (not financial advice of course 😉) on what he should do? For myself, I will be using VUAG and maybe others at at least £200 a month for 30 years, but he of course is in a different boat to me.

[@TobyNewbatt]

Hi Aaron, there's just way too many things you could write here there's no simple answer! It depends on so many factors.

[@SwathiYogesh-ts9gk]

Hi Toby, please can you make a video on how you transferred your funds from Vanguard to invest engine.

[@Norfolkpaul]

R you keep your sipp vanguard and lnvestengine same time. Great video 😊

[@TobyNewbatt]

Yep keeping my main SIPP with vanguard I still like to have things separate

[@tanyam.5476]

What should you do if you have a lump sum to invest but don't have a regular income?

[@TobyNewbatt]

This is up to you really. But if you are a long term investor - about 65% of the time it is always better just to invest right now and leave it invested according to history. But you just need to do what works for you and lets you sleep at night!

[@whatthedeuce3006]

very nice, thank you for sharing. about not looking at the price of the stock it can be a very bad thing for some and a very safe thing for others, if you trust yourself you can look now and then at the price so you can take advantages when a bear market happen you should invest a bit more.

[@RJOC-ml4tw]

Great video! I used your code to sign up to invest engine and on monday will begin the transfer process from my Vanguard ISA. Currently all in on VWRP and was planning to slowly convert to FWRG (invesco all world) ) 0.15% compared to VWRPs 0.22% fee. Dont want to straight swap due to fund size so was planning to slowly convert but looking at your breakdown at 0.09% i'm tempted to build a similar portfolio. not only is it cheaper fees wise but adds a little active managment element which will keep my temptations of single stocks on another platform at bay for now. thanks for another great video may the investing gods be in your favour!

[@Mamz_Tsang]

Hey, I’m a beginner, I just open IB a few day age , it have an individual and ISA stock and share. I still don’t know how to use it and invest on ISA. I’m very the interesting the InvestEngine, do I need to closed the IB account , because it have ISA stock and share?

[@ba5ilfawlty]

Great segment on the SIPP. Is there good material explaining how it works in relation to the tax relief? I'm a higher rate income tax payer and (might be barking up the wrong tree) i can get 20% tax relief from the government? Can this be in addition to pay into my workplace pension? Any pointers to a "sipp for dummies" type article would be great :)

[@UchennaUgwu-ms1vt]

This the best video explanation on the invest engine I have ever watched. Please All I have to do is to add cash to my portfolio cash for it to invest right?

[@TobyNewbatt]

So you create a portfolio - make sure to choose your investments - turn on auto-invest - then once that is done any money you add into that portfolio gets automatically invested I hope that helps

[@UchennaUgwu-ms1vt]

@@TobyNewbatt I heard that the pension money can not be withdrawn even when you become 60 years of age, if you are alive. That the government will only pay you a stipend and also get some benefits. But the money can be claimed by my family if I am not alive. Is this True?

[@TobyNewbatt]

@@UchennaUgwu-ms1vt I think you are getting two things mixed up :) the state pension is not your personal pension. The state pension is offered to you by the government and this is paid to you from the age of 66 (but rising soon). This is based on your years of national insurance contributions. Your personal pensions/ work pensions. Something like a SIPP is totally different. You can withdraw all of it if you like at one time, some of it is tax free and some of it is taxed at your personal income tax rate. In this video, we are talking about an ISA and a SIPP (self invested personal pension). I don't talk about the state pension. I hope that helps I can't go into more details otherwise I'd be writing all day :)

[@UchennaUgwu-ms1vt]

@@TobyNewbatt thank you for the clarity. And the time you create to respond to my Question means a lot to me. And I am grateful.

[@UchennaUgwu-ms1vt]

@@TobyNewbatt I will also go through all your video.

[@seanleith6264]

Really good video, thanks! How regularly will you check the make up of the world fund and re balance your ETF targets?

[@TobyNewbatt]

About once every 6/12 months although if I see things getting too crazy I can always adjust :)

[@OohRight]

Surely you only want to manage things yourself to this level of detail is if your a professional? Saving a few quid in fees isn't worth the hassle is it?

[@TobyNewbatt]

I'd say that it all depends on you. This is what makes investing and personal finance..personal. If you enjoy playing around, sure make it yourself, if you are not interested keep it simple :)

[@AzaraYucil-fm4pk]

Thanks for the update.I really appreciate the dedication in each video you post.The first step to successful investing is determining your goals and risk tolerance, To be successful in markets, traders should understand the crossover between asset classes & liquidity flow.. You have changed my entire life and I continue to preach your name. Now I can say that thanks to Ms. Eunice Berthold I am improving my understanding of this whole world and making new big profits every week.

[@FreyaMorgan-yo4gx]

She is regarded as a genius in her area and works for Empower Financial Services.She is well knowledgeable about financial markets.

[@CulianBray]

I am impressed by the way expert Eunice Berthold conducts business and makes statements. And I really like her quick answer

[@TracyBrett]

I've been working with Eunice for about a year now. She is completely professional and delivered solutions that far exceeded my expectations..

[@LarryJay-xu8kn]

Two other of my colleagues and I tried it immediately, we testified. MRS Eunice Berthold is doing wonders.

[@LarryJay-xu8kn]

she often interacts on Telegrams, using the user name

[@davidtzoor1806]

Really cool platform and video! How come the orders are not executed immediately? Thanks!

[@TobyNewbatt]

I suspect it's to keep fees low - as I understand it they collect all the order for the day and then place them at once, and this reduces fees that they will be charged :)

[@scotthunter2986]

You beat the TER of the global Invesco fund of 0.15%?!

[@joshwatts8654]

Toby can you explain why global index ETF’s preformed so bad (-18%) compared to their equivalent global index mutual funds (-8%) in 2022? When checking all the KID documents ETF’s seem to under perform and that is what puts me off them!

[@adrianl5899]

Without knowing the specific fund/ETF you're comparing, I would guess it's down to currency movements and the fund and ETF are different in term of handling currency movement (ie hedged/unhedged) even if invested the same, resulting in such differences.

[@joshwatts8654]

@@adrianl5899 it’s basically any fund such as world / global fund in vanguard, HSBC etc seem to do far worse in the bad years in ETF than their equivalents. This means you’re definitely worse off on these ETF only platforms even tho the fees are less because of these bad years will strip off any gains from cheaper fees?

[@TomsPersonalFinance]

Which exact funds were you looking at? You must not be comparing a mutual fund and ETF track the same index.

[@joshwatts8654]

@@TomsPersonalFinance any vanguard FTSE tracker on a ETF is roughly -18% wether that be the developed world or all world etc for 2022 whereas their equivalent FTSE tracker in a traditional vanguard mutual fund is roughly -8% the same goes for all other providers ? How can there be such a difference by currency exchange ?

[@TomsPersonalFinance]

@@joshwatts8654 Please can you give me an example of a mutual fund and ETF that you are comparing?

[@DrGMtrx]

Thanks for the video, Toby. I wonder, do you mind answering this for me: Since InvestEngine offers many ETFs other than Vanguard, what's the rationale behind choosing Vanguard funds again on this platform? Why not go after iShares, Invesco, SPDR, Amundi funds, etc.?

[@TobyNewbatt]

It's just a companies funds I'm very familiar with :) - Same reason why some people like walkers crisps and some people like McCoys. Nothing bad at all

[@alexfinanceuk]

Great update as always!

[@hustlinhitch]

I've three etfs yet my portfolio is 0.21 TER.

[@spbmusiic]

Hey Toby! When you invest straight into your SIPP portfolio, rather than the cash.. do you still get the top up automatically? As it doesn’t say anything pending when doing it straight into the portfolio

[@TobyNewbatt]

Anything into your SIPP will get the top up automatically but it does take 14-18 weeks or so to come through. In my latest update you can see me actually getting my first SIPP top ups coming through 👍

[@spbmusiic]

@@TobyNewbatt amazing, thanks Toby!I’ve also wondered, will you always favour your S&S isa over a pension?

[@harrieteva]

What do you think about Global equity funds (VAGLEGA) on vanguard?

[@SufiPoetry]

Hi Toby, I started investing last year, I have Stock and Share ISA with Vanguard, I don't know much about the fees these platforms charge. Can you please do a brief comparison of Vanguard and IE ?

[@adrianl5899]

In terms of platform fee for a S&S ISA, Vanguard is 0.15% and IE is zero. So a £10k portfolio saves £15 a year. However, if transferring in cash, if the market moves even just 1% while out of the market, it's then over 6.5 years to recoup the loss of market move to the cheaper platform fee, not accounting for any bonus to transfer, if available. Hence the risk in chasing lower and lower costs is potentially going to backfire many a time and reduce the effectiveness of the wealth building process.

[@coderider3022]

You really need to pick what you want to invest in, objective and expected money. You then pick the platform. More choice means more way to screw it up and fiddle. I moved from IE to vanguard and in global all cap and I never looked back. My isa is about 45k

[@CinemaShow-ok5vw]

Sorry follow up question. It appears that you can invest up to £60k per year, which is enough anyway, but also looks like you can go back 3 years. So if she puts say £40k in, there will be £10k of tax added? ( She can start drawing this down from say 62 when she wants to retire) And in theory If you put £60k plus another £180k for 3 previous years, there would be £45k tax added? Or am I missing something?

[@TobyNewbatt]

As Adrian commented on your last one, yes you can go back 3 years. But you have to have at least earned £60k per year to even think about maxing it out AND you have to max out this year first before going back. You can check all of these rules on the Gov website :)

[@djkazc1818]

Hi Toby, great video. My current strategy is 90% developed world and 10% EM, which I believe you mentioned in a previous video. Does that accurately reflect the world (give or take the odd % weighting) and is similar to what you have ended up with here?

[@adrianl5899]

Give or take, yes (92.5%/7.5%). In a global all-cap portfolio, 5% of such an overall balance would also be within small caps.

[@TobyNewbatt]

It's pretty close yes, and a nice way to save a bit of fees :) If you ever want to see the weightings of developed vs emerging just go on to the portfolio data of something like the FTSE All World ETF and you will see what makes up emerging/ developed

[@philippeclemente484]

Hey Tobi, love your channel. My question is: Are you not afraid of missing out on certain countries in the Oceanic region (Australia etc.) by not investing a small portion in a Vanguard FTSE Developed Asia Pacific ex Japan ETF for example? Continue the great work 😊

[@TobyNewbatt]

So at this point, I'm happy where things are - you are totally right that I do not have everything here though. The pacific markets ex-Japan is about 3% of the entire global market which is tiny.

[@philippeclemente484]

Totally understandable. It is very small indeed. Thanks for sharing your point of view on this. Looking forward to your next videos!

[@j.d.9848]

@@TobyNewbatt but using the same argument of tininess you could have also put aside UK market but you still have it included in your portfolio - I guess it is more on "sentimental" side of things to have UK in but Aus/NZ/Singapore out?

[@TobyNewbatt]

@@j.d.9848 yes true you can make any argument you like. There’s no way to know if it’s a good or a bad decision unless you know the future performance. All I do here is share my own portfolio what you do is up to you 😀. Some people invest all of their money into one stock.

[@j.d.9848]

@@TobyNewbatt fair enough; personally I am using your tinkerer portfolio from your other clip: so it's like yours plus developed Asia exc. Japan, but you know it anyway 'cos you "invented" it :)

[@richardwhite1120]

No dedicated Global Small Cap' or Reit index funds Toby?

[@helenbullock1014]

Hey Toby, Thank you for this Video! Just re-watching your video (for the gazillianth time). Just a quick question - what is your rational for not utilising a LISA ? I am very new to investing and just interested to hear your thoughts on why you don't use this strategy. Great content and loving your work! xx

[@TobyNewbatt]

Good question! I suppose a couple of reasons really: 1. Few platforms offer a LISA so there is that barrier 2. Yes you do get a great top up, and it's tax free (but you can only take out a LISA to buy your first home, which I couldn't do as Im already a homeowner. I prefer the flexbility of the S&S ISA for the most part. 3. I'd echo the flexibility side again that its nice to know an ISA I can get access to anytime - maybe for a big future purchase like a new home foe example 4. A LISA does eat into your £20k allowance compared to your SIPP which has its own £60 allowance. This only matters if you are near the limit I guess which I am trying my best to be! Saying that...a LISA is very nice vs a SIPP I guess...all tax free on the way out and you get the same sort of top up. all hangs on the flexibility side - but you are making me think that there's no point using a SIPP for a small amount of cash if you also are not able to max out your ISAs! Hope that all makes sense its a great question!

[@speng5821]

​​​​​ LISA is not just a savings vehicle for a house. Can also be withdrawn at 60 so can be used for pension (you can even withdraw your LISA at 60 and transfer to a SIPP to essentially double dip) Whilst there is a penalty for withdrawing early, you can technically withdraw your LISA so in a sense it is technically more flexible than a SIPP. (Though not a great idea to do but possible as a last resort!) It does get interesting though with the 25% top up and no tax on the way out vs paying into a SIPP with the top up on the way in and tax on 75% on the way out...and of course taking away 4k of your S&S ISA allowance Might just be a case of diversifying... I know Damo uses it for this as a hedge against the rules changing for pensions and S&S ISAs. Having 3 pots of money will likely give more options when approaching retirement and better able to navigate the inevitable goalpost shifting the government will do! Could be a good video as the advantages of a cash LISA for a house are pretty obvious but there's little concrete info for using a S&S LISA as a pensions vehicle. But yeah pretty sure there's only 3 UK providers for S&S LISA

[@j.d.9848]

@@TobyNewbatt But you can open LISA now while it is still offered and put in just £1. Then when you are 40 you are no longer eligible to open a new LISA but you can still pay into existing one till you are 50. You can access LISA at 60 for retirement. Might be a good way to utilise your potential spare cash between 40 and 50 and benefiting from Gov bonus on your deposits and then still having your pot for another 10 years accruing interest? Anyway, £1 invested now wouldn't harm. I am too old so can't do this but would do if I was eligible.

[@ethanpunto9222]

Yeah LISA can also be used for retirement so in that sense it is like a mini SIPP with a £4k max contribution limit but is tax free at the end. Where places like Nutmeg offer stocks and shares LISAs with managed portfolios that seems to invest in a similar way to how I constructed my own portfolios I thought this was a worthwhile platform to use £4000 out of the £20,000 allowance for ISAs. It's basically a hybrid of stocks and shares ISA with tax free gains and the SIPP with the 25% bonus for retirement.

[@oneworldcafe]

Are you excluding Pacific apart from Japan. I think Vanguard has a Pacific Fund.

[@TobyNewbatt]

correct, technically I am missing out on the pacific region (around 3% of total global equity) Yes I could use a total pacific fund. Honestly it's splitting hairs so I'm happy where we are :)

[@chriswood1149]

Hi Toby. I’m looking to mimic VWRP similar to what you have done with the separate funds. Is there a reason why you haven’t included Canada and also Asia (ex Japan) in your portfolio as it’s not truly reflecting VWRP? Cheers

[@TobyNewbatt]

Hey Chris, no reason here specifically. It's not a perfect portfolio by any means. It even leaves out US ex S&P 500. BUT it's got more than enough of the investable universe for me that means that it's performance is probably going to be very very close. If there is a difference it would be minimal :)

[@blk_barbie3874]

I keep hearing investing in AI is short term noise but if AI is the future, why do experienced investors like yourself not consider it so much?

[@adrianl5899]

An argument can be made to say that the world's biggest players are investing in AI so, as global index investors, we are already accessing such investment without having to buy a separate AI focused index/fund.

[@jillybe1873]

AI is overpriced

[@SootheSound]

Hi Toby, I have another question. I have a stocks & shares ISA with one broker who I have started to feed with this year's allowance. I have an older stocks & shares ISA with an expensive broker. My question is, could I transfer all (or even part) of my old ISA in to say a new one with Invest Engine or Trading 212, or am I stuck as I have already placed new money in to one ISA? I believe I can do this, with the caveat being I can only place new money in to the ISA I have started to feed. Money transferred into a new ISA I believe I could then buy and sell funds/shares within it, just not invest new money in to it. Any view or pointing to one of your other videos would be very much appreciated.

[@TobyNewbatt]

This year you can do whatever you like now. You can transfer that old isa and put it anywhere - in fact you could have always done that. This tax year there are no limits to the accounts you can open and deposit in NEW money 👍. The only limit now is the £20k across all of your ISAs of new money.

[@SootheSound]

@@TobyNewbatt Great, thank you. So I could open several new stocks and shares ISAs and feed new money in to all of them, as long as I do not breach this year's allowance? That is very good to know. I take it my transfer query about shares and funds will depend on the new brokers. I'll look in to their terms and conditions. Thanks very much for your feedback.

[@TobyNewbatt]

@@SootheSound correct new rules means you can open as many ISAs as you like now even if the same type. The only exception is lifetime isa 👍

[@DaveB-r7u]

Hi Toby another great video and good timing again 👍 I have a question on your SIPP, how much would you max this single investment to please. Let’s say you invest 60k a year, you would not take long to get to 85k the safe limit. Would you carry on past the 85k say up to 100k before you picked a different world ETF say FWRG? Or just keep going say £250k? What you’ll your answer be then?

[@TobyNewbatt]

great question - and this is always an interesting one that is quite often misunderstood :) So, when you invest, the £85k limit is not something I focus on for the most part. The FSCS protections are not there to protect your investments per se, but more really for the cash. Once your money is inside a fund, lets say its FWRG for example, it doesnt matter whether you have £10k or £250k invested in that fund - once it's inside that money is part of an investment. The value of the investment is the underlying shares. If the platform goes bust this does not mean you lose your investment as FWRG is a fund managed by Invesco. You may lose access to make any buys or sales, but you dont lose the money. I hope that makes sense I even did a video on this not so long ago about what happens when your broker goes bust. I see other people commonly get this FSCS protections part wrong abotu what is, and what is not, protected. Investments are not 'protected'. If a company you invest in goes bust...thats on you :)

[@sharktc]

@@TobyNewbatt Hey I hope you are well I have started this journey last year and am gathering as much info as possible :) coming across this comment made me ask a potentially silly question lol but I will still do it anyhow hahaha So in the eventuality of a platform go bust like trading212 or invest engine the FSCS will have our back but if one of the funds go for example vanguard they don't have our back? hope this silly question makes sense lol Sorry if i sound stupid

[@TobyNewbatt]

@@sharktc Not quite :) If a platform, or fund manager goes bust then here is what would happen. 1. For the platform itself - any cash is protected up to £85,000 2. If a provider goes bust - the fund still has value determined by the market. A new provider will step in or the assets sold and you will get the market price back. Can't really explain all the details in one comment. But investing carries risk, stocks go up and down the protections are not meant to protect you from that :)

[@sharktc]

@@TobyNewbatt makes total sense , appreciate your time spent in replying thank you

[@kevinu.k.7042]

Great video Toby - Thanks. Is there a reason than you built that 'mimic' portfolio only with Vanguard Index funds? I did something similar (not as thorough) and found that some other companies' Index Funds outperformed their Vanguard equivalents by quite a margin. Am I missing something here?

[@TobyNewbatt]

I like Vanguard funds as one of the biggest trusted names in the industry. On your second point, you'd have to make sure you are comparing apples with apples, the exact same index, the same time periods and the same deposits etc. Can you provide more details?

[@kevinu.k.7042]

@@TobyNewbatt Understood and thanks for coming back. That might be where I err. My core portfolio investment is Ishares World MSCI Hedged IGWD. Though I have some 25% in the Ishares World Quality Index (IGWD) too. I have 205 in various Gilt, bond and money market funds. So yes, my exposure to the developing world is slight. Any and all comments most welcome. Cheers.

[@Petersworld77]

I’ve been taking my workplace pension since I was 55

[@auldare7053]

As a very new investor I'm trying to get my head around the need to be globally diversified whilst realising that the UK market is slack, the Pacific and Europe(non-UK) markets are very small %s. I opted for VHVG and VUAG. However now I'm wondering if there is any point in having VUAG as it is largely captured in VHVG, or perhaps a 50/50 between the two would be better...help me obi=wan, or two :)

[@TobyNewbatt]

So if you own the developed world VHVG, you are right that you own all of the US stock market (including everything in VUAG).. If you own both all you are doing is overweighting the S&P 500. Is this a good or a bad thing? I don't know the future, as the US market could continue to be the best performing market over the next10,20 or 30 years whatever your time horizon is. But in short...you already own everything in the developed fund. You're just adding more of the same companies with VUAG

[@auldare7053]

@@TobyNewbatt Gentleman in providing a reply, many thanks.

[@CinemaShow-ok5vw]

Great vid. Question on SIPP. My wife is 60 and still working. She has a work pension but no SIPP. You say you can go back to top up a SIPP. Could she top up for past years, get the tax back and then start drawing it out?

[@adrianl5899]

To be able to 'go back' (which uses the 'carry forward' rule) your wife would first need to use up her current tax year's £60k allowance, and to do that requires her to earn at least £60k this tax year. If she does not earn £60k, she is limited to contributing 100% of whatever her earnings are, and this figure include employer contributions and tax relief.

[@davem.4003]

​@@adrianl5899There are some additional things that you and your wife should be aware of: if she received a tax-free lump sum at pension commencement, then pension recycling rules come into play; if her pension income is from an annuity then the rules that Toby mentioned are applied (the lower of 100% of earnings or £60k); if her pension income is from drawdown from a defined contribution scheme, then the Money Purchase Annual Allowance (MPAA) restriction comes into play. I am not a financial advisor, so these details should be checked and confirmed - if in doubt, seek professional advice. This may also be applicable to you: as a non-earner, you are still allowed to contribute up to £2,880 each year (£3, 600 including the tax rebate) to a SIPP but the pension recycling rules would still apply, I believe.

[@SootheSound]

Hi Toby, great video as usual. Isn’t it cheaper to just invest in the Vanguard world fund in the ISA, as you do in your SIPP? I’m struggling to see how it would be cheaper to have multiple funds rather than one? Or does Invest Engine strike the fees…?

[@TobyNewbatt]

Fees are weighted based on how much you have in them. See my total fees are lower with multiple funds than a single one 👍

[@SootheSound]

@@TobyNewbatt Thanks, I'll check your video again. I thought the TER was fixed no matter how much was invested.

[@SootheSound]

@@TobyNewbatt Hi Toby, thanks for your reply, but post some research I’m still confused. When I looked at the individual funds on Vanguard’s site, the dearest OCF (ongoing charge) was VFEG at 0.22%, and if all your funds OCFs were summed up, that gave me a potential OCF of 0.63%. Are you saying Invest Engine operates its OCF different to Vanguard (or total expense ratio), in which case your percentage of cash in each account allows them to only charge you 0.9%? Is Vanguard different, in which case if I for example invest cash in similar amounts to your example, wouldn’t I be charged the OCF for each fund, and then 0.15% platform charge? So on Vanguard choosing 1 world fund is cheaper? I’m possibly mixing my drinks with OCF and TER, but it is a fascinating point you made and will influence a lot of viewers to potentially make a switch. So any feedback or even a KZbin Short to explain would help me and many others make our own decision. Thanks again.

[@SwathiYogesh-ts9gk]

I have another question. I'm employed full time and i invest in trading 212 and vanguard. How to do I claim my tax return from hmrc for the money I invested this year.

[@TobyNewbatt]

I have no idea what you are asking here? A tax return for the money you have invested? Are you talking about a pension?

[@GameOnUs419]

I am new to investing. Do I need to pay tax if I invest with distributed etf in ISA?

[@brucealmighty6000]

Hi all, new to this investment game I am currently using Trading 212 and have a portfolio of 60% vanguard s%p 20% ftse all world 10% emerging and 10% developed world. Does this sound like a decent portfolio or am I right in thinking that Im doubling up with one or more of them?

[@adrianl5899]

Yup, you're duplicating a fair bit. You have EM, but that's already in the All World. You have S&P which is in All World and Dev World. Without running the calculations, I think you're also going to be overweight in certain things too. One All World, or a Dev World + EM should achieve what you are covering and sort the weightings to boot. I think you're excluding Small Caps as it stands too, but that may be by choice.

[@AdrianOsborne-d7e]

Do you think Trade 212 will offer SIPPs soon?

[@TobyNewbatt]

Yep it’s coming soon I saw that on Reddit from their official account recently

[@colleendaly9428]

Hi Toby I’m new to investing 🎉 love your videos 😊 would like to know with the DIY ISA can you withdraw money? Because I would like to move the money to general manage one that I have? I’ve not got much in the DIY ISA about £88 but just test it out, because with the general manager one you can take all your out if you want to, Hope this makes sense 😮 5:02

[@TobyNewbatt]

In any ISA you can take money out if you really want to at any time - or you can change your investments. Just be careful if you take the money out of your ISA and put it in your bank account then you will lose your allowance for this year as the ISA is not flexible.

[@220dpk]

Can part or full SIPP pension with Vanguard be transferred over to InvestEngine SIPP, like one can with an ISA?

[@isaacmedhurst6639]

Not yet, soon I believe

[@1greener]

Why invest in vuag when spx5 is cheaper fee

[@coderider3022]

No accumulation version on IE ?

[@peterwstacey]

Great video! Question on SIPPs - is there any advantage of having one over a regular Defined Contribution pension from your employer?

[@darrenb1522]

If you have a salary sacrifice pension then contributions are more efficient to your employers pension scheme - 28% and 42% savings for basic and higher rate vs. just 20 or 40% if investing outside of sal sacrifice. Some providers or plans will let you do partial transfers from the pension to.a SIPp but most are very limited - you will be better off changing the investment within your employer pension unless the pension provider is hugely expensive and there are no good value passive investment options. Also worth considering that some employers negotiate some decent discounts with the provider e.g. I have a world fund for 0.27% which includes platform fee - fairly reasonable.

[@darrenb1522]

So there are disadvantages to using a SIPP, but the advantages could be more choice, lower fees, better platform features - but it's very situational.

[@peterwstacey]

Thanks for the tips!

[@steveheal8267]

How long has it taken you two get to the 3rd green dot on your switch from vanguard? It's been over a week for me and I'm still stuck on the 2nd 😂

[@TobyNewbatt]

it was there in the first couple of days to move from 2-3 happened very quckly. I don't know what the process is in the background but it will probably take anywhere up to a month especially at this busy time of year.

[@adeol7]

Hey guys - quick question. Does transferring an ISA account from say HL to Investengine or Vanguard affect the compounding? If they sell everything from one account and repurchase again on the new account won't that affect the overall value? Especially if you've been investing for say 10 years? Thank in advance - good luck to all.

[@adrianl5899]

What can impact the value when transferring is when doing it in cash rather than in-specie (which is simply when investments are moved across to the new provider without selling). This is because you leave the market and it's unlikely to be exactly as you left it when you re-buy at the new platform... which could be within days, but also considerably longer. This can work in your favour if the market falls while in cash, but can also work against you if it rises while in cash. If it's the latter then the loss could equate to more than is gained by being on the cheaper platform. That's the risk taken and why in-specie is what I would personally prefer to do, especially once larger sums are in play. In the more general sense of the question, your compound growth has been recorded on whatever current platform you use and is reflected in the value of your investments. However you transfer across to a new platform, that hasn't changed and you've not suddenly lost all that compounding from 10 years. Admin-wise, if your current provider states your growth on their site then the new provider won't start from that point but from scratch so you could justnake your own record of the old site and growth etc if it's important to you.

[@adeol7]

@@adrianl5899 Thank you for your detailed response - much appreciated.

[@markmorris4979]

Toby can I just ask when you adjust your etf percentages to mirror the ones in the vwrp etf do you only need to do this once,or does the vwrp allocation sometimes change the makeup of its etf

[@TobyNewbatt]

VWRP adjusts automatically based on market weight. I’m not sure exactly how often it does this - you’d have to check the documentation. But I’ll balance my portfolio probably once every 6 months to a year 👍

[@markmorris4979]

Thankyou I appreciate it

[@nickbuckle646]

This is a false economy when you consider transaction fees when buying selling

[@phil7309]

Hi Toby. Wonderful videos, have been following you for a while. So here’s my question… in addition to other savings, my wife has 35k of savings in various cash ISAs. As a part time worker she earns below the minimum £12,500 tax threshold. My wife turns 50 next month so making this 35k work harder for the next 17years til retirement age through an Invest Engine stocks and shares ISA feels right. Just deciding whether the All world fund or a tinkered collection of ETF funds similar to your ISA account is the best approach. The key difference is that my wife has this lump sum she could transfer but is unable to make regular monthly top-up payments. However can sometimes make sporadic contributions of around £500 at birthdays and Christmas if parents give generously. As you rarely speak about this type of investing, I wonder if what I’m considering my wife does with this money is sound or not? Many thanks.

[@adrianl5899]

Have either of you considered using a pension for this investing instead and assessing the difference that can make to using an ISA? I would suggest that question, rather than the question proposed, is likely a much more important one to investigate, given potential small savings in fees by using multiple ETFs or funds will have little bearing in the big scheme of things.

[@phil7309]

​@@adrianl5899 Thank you for the reply. Selecting the best way to invest this money (after years of not using it smartly) is what I'm trying to accomplish. i'd not looked at the pension route, so will seek more information on this. As things stand, my wife does have a work place pension which is setup to take advantage of her employers maximum matched contribution of 8%, however as she works part time, this amount is physically very small (around £120 per month). For the rest of her time, she works as an artist, which right now generates zero income. With this in mind, is looking at a seperate SIPP pension the area to investigate?

[@phil7309]

@TobyNewbatt I've just watched your ISA vs SIPP video from 2 months ago. Was very interesting for our situation, however has left me with a lot of questions. Hopefully you've planned a followup video as requested by many in the comments of that video.

[@adrianl5899]

​@@phil7309If you're able to draw up a plan/timeline of what intended retirement looks like for you as a couple, it will be of great use on being able to work out what may work best. As well as knowing the income level you want, knowing how to take it efficiently is important. For example, in the event your wife intends to retire prior to her state pension age (SPA) and will have no earnings between early retirement and her SPA, she would have her entire personal income tax allowance going unused. As such, if she is currently a non-tax payer, she could benefit from the 25% tax relief boost by contributing to a pension - a boost she does not get contributing to an ISA. Potentially she can then get most/all the money out of the pension tax free by taking it in the years prior to hitting her SPA, using up her personal tax allowance with taxable monies from the pension and taking tax free money too. Once taking taxable money from a pension in this flexible way, she triggers MPAA (limits her to future pension contributions to £10k gross pa) but if she was unlikely to earn above that during retirement that becomes a moot point. If she is not earning £35k currently she cannot pay that amount into her pension in this tax year, but she could consider paying in 100% of earnings if it would make sense to do so given whatever plan you have. The 100% includes tax relief and contributions from her workplace pension, including the employer's contributions. If you have any children and inheritance tax might be an issue, pensions sit outside the estate unlike ISAs and savings accounts. As said, if you begin with the plan it'll best guide you as to whether or not pensions are a good route here or not. Good luck.

[@gixxer0506]

Great video. Love your transparency with these videos and show you practice what you preach. I know you focus on long term horizon but what about shorter horizons? I'm currently debating where's best for money you need in the next 2-5yrs say. Could you cover this kind of thing in a video? All the best.

[@glennwhitlock1272]

That's a good question. With wars going on all over the place, the markets can be really volatile. Trading 212 are offering a traditional cash account as well as their investment accounts, which pays 5.2% and adds the interest daily. Just a thought.

[@gixxer0506]

@glennwhitlock1272 I'm using Trading 212 currently for investment acc and saw this. The 5.2% APR is certainly intriguing. I do wonder how that would compare to something like an MMF or bond-heavy portfolio (20/80 say) or whether the risk isn't worthwhile

[@glennwhitlock1272]

@@gixxer0506 it's a dilemma for sure. Hopefully you'll get a few suggestions (better than mine 😀). Good luck

[@adrianl5899]

Individual gilts which mature in particular years (gilt laddering) is a potential option. Cash is an option. Currently £4k @ 7% in Santander Edge Saver (needs associated current account but no fee paid if no direct debits set up). Regular savers include £300pm @ 7% First Direct, £200pm @ 8% Nationwide. 'Cash-like' products such as T212 via Money Market Funds is an option but just check where things are actually invested as these are not FSCS protected. I suppose some would use Premium Bonds.

[@TobyNewbatt]

Nice idea for a future video as I do think that there is a good discussion here about what to do and where to put your money in this 2-5 year period IF you might be wanting to use it and avoid some of the risks. Might even be a video something like 'Invest or Save'

[@glynnburton9087]

Hi Toby. Can you invest in a SIPP even if you have a work based pension, and is it worth it if you are over 60 years old?

[@adrianl5899]

Yes, you can have as many pension products as you wish. If you've already maxed your employer % match to the workplace pension and it's not a salary sacrifice scenario (when NI is saved) then a separate private pension, such as a SIPP, could give some added flexibility to you. You're able to get tax relief on contributions until you turn 75 and for most people this will see, post tax, at least a 6.25% boost to contributions, unless jumping tax bands in retirement.

[@TobyNewbatt]

Anyone under 75 can invest in a SIPP. You can have as many SIPPs as you like. Your only limit is you can contribute £60,000 per year, which includes ALL of your pensions, your employer contributions and the tax top up. good info here: www.unbiased.co.uk/discover/pensions-retirement/managing-a-pension/sipp-contributions-rules-limits-how-much-can-you-pay-in

[@liams2641]

What are the pros and cons to using this over Trading 212 purely investing in the index funds?

[@ethanpunto9222]

THE SHORT VERSION: InvestEngine useful for analysing company weightings and growth outside of contributions Trading212 executes orders more smoothly without making you wait days and functions a little better when editing portfolios. THE LONG VERSION: As someone who tried both there's not a huge difference however InvestEngine does allow you to see the individual companies you're invested in through your funds where Trading212 does not. I also like the way InvestEngine shows you your contributions and growth as separate lines on the chart whereas Trading212 just simply shows the value of your portfolio. I think these are minor differences really because you can calculate your growth and exposure to companies anyway it's just IE makes it easier and I think this is for sure a pro over trading212. HOWEVER, I very quickly transferred back to trading212 and the reason for this was because I had a few technical issues and gripes with the interface. When I reconfigured my pie I seemed to be unable to take money out of my old one to transfer across and the whole account became extremely buggy. Perhaps this is just a one off incident. But I also found that trading212 executes orders immediately assuming the market is open whereas IE sometimes would take DAYS. Sure if you're dollar cost averaging over time it doesn't make much different overall but again I found trading212 to be a lot smoother when purchasing and selling and amending portfolios.

[@ethanpunto9222]

also trading212 has far more ETFs to choose from but if you're just going for the main ones ie S&P, All World, Dev Europe etc then IE is fine

[@marcolai9735]

Thanks for the video, very interesting. Why don't you use the same global mix of ETFs for you SIPP? It has lower fees overall so I'm not sure what drawbacl you might have

[@stewartmacdonald601]

Just a guess here, but I think he wants his SIPP to be a true set and forget invesmtent. Sure the fees will be a bit more, but he wont need to look at it again until he retires really. Whereas his S&S ISA will need regular rebalancing and tinkering (I say regular, maybe every 6-12 months), to keep the same balance as VWRP. He could invest in FWRG for the reduced fees (0.15 vs 0.22) as a middle ground. I have around 35% of my portfolio in there and pretty much the rest in Vanguards S&P500. But it does look like he is happier with all Vanguard funds, and is happy with the small extra costs to keep with them.

[@ItshamMahmood]

Hi toby i would love to speak to you 121 if that is possible ?

[@peelyo94]

i just have the vanguard all world accumulation but worried to switch it to another platform lol which i should because the costs are much less

[@TobyNewbatt]

I know it's daunting - most people struggle thinking about moving their mobile phone or car insurance let alone investments. Always a personal decision but after doing it enough times, for me personally it's a no brainer.

[@peelyo94]

@@TobyNewbatt will look into it, I'm not investing much ATM in my index fund and putting it in an Isa atm at 5 percent hoping to get a second home for a buy to let .. hopefully the housing markets fall within a few years like the 18.6 year cycle is recommending🤞or if the stock markets crash I'll just put the money back into it, I know u can't time the markets but ye lol

[@MegaMidds]

Knowing Vanguard originally didn't offer VWRP on their own platform I notice the region listing is different to the one originally offered on invest engine. Do Vanguard changes to their etc not get replicated across to existing accounts held on out platforms or is it a different etf altogether.

[@TobyNewbatt]

I'm not 100% sure on your question, but if you are looking at the regions/ weights on VWRP, it's the same no matter where you buy it from. Some data could be old though :)

[@MegaMidds]

@@TobyNewbatt @TobyNewbatt Thanks for your reply. My query is the VWRP being sold on invest engine shows different weightings to that shown on the Vanguard 58.1% and 64.6% North America respectively. Also the regions on invest engine shows 'Japan' and 'Asia ex Japan' as opposed to Vanguard's Pacific. Are these differences simply old data as you say? I presumed any changes made by the fund manager to weightings would be shown immediately.

[@TobyNewbatt]

@@MegaMidds It's just old data :) There's only one version of VWRP. Might be a good question for IE to know when they update data and how often it happens!

[@MegaMidds]

@@TobyNewbatt Thanks again :)

[@pauleastwood4775]

Hi Toby, when I speak to my FA he talks about risk score for investment portfolios types, is there a way to look at the overall risk score when investing DIY on platforms such as investengine?

[@TobyNewbatt]

I'm not sure there is, depends what you mean by risk score? do you mean the rank between 1-7 which is inside the KIID? Or are you talking about something else. If you make up your own portfolio then you'd have to look at each risk score on each ETF and weight it accordingly, but its not going to be that helpful, at the end of the day it's 100% stocks so the risk score is always going to be 'high'. I personally don't find that useful at all, one persons high risk is another mans low risk.

[@pauleastwood4775]

@@TobyNewbatt yes it’s the KiiD risk score detail

[@TobyNewbatt]

@@pauleastwood4775 ahh ok maybe that’s a nice future feature. All you’d have to do is weight the KIId depending on what you’ve invested in. I still personally think it’s useless though 😂

[@pauleastwood4775]

@@TobyNewbatt 😜

[@riddlergorshin]

Oi toby! Priw 0.05pc charge! Great all world etf!!!

[@TobyNewbatt]

worth looking into someone else mentioned this - it's cheap because it doesnt follow a FTSE or an MSCI index though :) which means no license money to pay.

[@danielfuda5677]

Priw maybe cheap at 0.05% but they have a entry and exit fee of 3% always read the key investor information

[@TobyNewbatt]

@@danielfuda5677 It does but it also says this in the document - so it looks this does not apply here. Either way yes you always need to know what you are buying :) "Entry and exit charges will only apply when shares are subscribed or redeemed directly from the Sub-Fund, and will not apply when investors buy or sell such shares on stock exchanges. Investors dealing on exchange will pay fees charged by their intermediaries. Such charges can be obtained from intermediaries"

[@alenamarshalovich1787]

Why don’t you use lifetime ISA?

[@TobyNewbatt]

I did a reply to this on another comment if you have a quick search through :)

[@Fay-i2s]

Why the VWRP over the vanguard ftse all cap? VAFTGAG

[@TobyNewbatt]

You cant buy the Ftse Global all cap on IE, it's not an ETF it's a mutual fund :)

[@Fay-i2s]

@@TobyNewbatt ah I see! Thanks for your reply. I invest in this in vanguard in the global all cap as it allows fractional share investing. Set and forget :)

[@TobyNewbatt]

@@Fay-i2s yes so on Vangaurds platform that makes sense as they don’t offer fractional ETFs. But invest engine offers fractional ETFs 👍👍

[@Fay-i2s]

@@TobyNewbatt thanks! I trust vanguard’s long reputation. I will be checking out other platforms too. Like invest engine and trading 212. Thanks for your help. I watch a lot of your videos. They really help. Please do a updated video on REITS please x

[@versaceviper9798]

Is there a specific reason you don’t use T212?

[@TobyNewbatt]

I do! I just don’t share it on KZbin as this is where my individual stocks are. Maybe one day but I prefer to keep them private 👍

[@Vinyl-Sloth]

When will invest engine allow transfer of Sipp to them

[@TobyNewbatt]

I'm sure they would love to sort this soon, I'll have to ask!

[@Vinyl-Sloth]

@@TobyNewbatt I know it’s been on the cards a while now

[@mattk79]

No Canada?