Karacticus wrote:Arborbridge wrote:I would agree with TJH - trade not every month in small amounts but every few months to keep the percentage of broker fees down. Also look at brokers that have cheap dealing days such as Halifax.
I'd also consider an "all world" ETF which has low fees and drip into that - eg Vanguard funds such as VWRP or VEVE( Developed econonies only).
I haven't lost the drip feeding habit - I've been doing it since 1986!
Arb.
Thanks, Arb. Why developed economies only? Is it not worth having a small exposure to emerging markets?
Personal choice: there's not right or wrong known until well after the event, by which time it is too late.
As regards the Vanguard funds mentioned, some people elect to go with developed economies because they perceive them to be safer. The "All world" type funds will include emerging markets but in amounts in proportion to the size of their stockmarkets, so very small - which you might like. Most of the all world ones have something like 50 to 65% invested in the USA as that is the biggest stockmarket. Some like that idea, some think it risky because you get a big dollop of the American tech giants.
That's why people also invest in ITs because they trust a manger to worry about these things on their behalf. A favourite round here is FCIT (Foreign and Colonial IT) which is the oldest investment trust. It invests in companies around the globe and has been a pretty steady investment and suitable for a dependable "core".
I recommended my daughter to invest in a mixture of a Vanguard All World ETF (VWRP) and the FCIT mentioned about. In her case, she isn't interested in too much decision making and just wants something to stick money in when she can and know that it is likely to do well over decades.
She was sorely tested last year when prices were looking bad and I was urging her to keep on investing every month or two!
Arb.