Dumbfool wrote:My initial choices were
VGOV - 5%
VFEM - 10%
VMID - 15%
VUKE - 50%
VEVE - 20%
I was hoping that in the short to medium term (0-5yrs) VUKE would offer the greatest growth potential due to the FTSE 100 currently being so low after Covid (hopefully bottoming out tomorrow/ this week..... if I buy them) with any divs/income being reinvested automatically.
I haven’t worked out the income from dividends yet so if any one could easily advise I would appreciate that.
Equally if the above is totally wrong then some constructive criticism would be welcomed.
Thx in advance.
I believe that T212 have something called pies that accumulate dividends to reinvest automatically. Other brokers just reinvest the dividend back where it came from automatically if you ask. Most don't do fractional shares though and charge for doing it. I don't have a T212 account so can't comment further on running one. Though I believe that there may be some oddities at T212 if you have a share split, which of course doesn't happen with ETF's or index trackers.
To calculate dividends you can build a spreadsheet using excel, librecalc or google sheets. Alternatively you can download the HYPTUSS (HYP top up) spreadsheet that runs on excel or librecalc.
http://lemonfoolfinancialsoftware.weebly.com/
HYPTUSS does a lot more, but the top up method is one that you may not have bought into, I haven't. It's a great tool though, even if you don't use all of it.
Which brings me to the question of if your choices are totally wrong. They wouldn't work for me, but obviously are the best choices for you. The point is not to do what suits someone else but to do what's right for you.
NOTE, since you are going to use an ISA, don't make the mistake of using your dealing account for one thing/method and ISA for another, transffering funds between the two. Apparently some people don't realise that each transfer into the ISA is part of your ISA allowance with most brokers.