I did not discuss the HSBC fund in great detail here and i probably should have, I am sorry for this! It is an index fund and the brokers I use are primary ETF only. In my experience, the fee savings on this funds is offset by other fees charged by platforms that provide the fund. However, below is a sheet I have compiled. It goes through some of the major brokers and their fund options in a bit more detail, in case you are considering options outside of those I have listed in my description and which I personally use. handy cheat sheet together: financialinterest.com/index-fund-cheat-sheet/ It has an overview of leading brokers, their fees, their most popular funds, a glossary to simplify complicated jargon, and more!
I'm with ii and have the 'Vanguard FTSE Glb All Cp Idx £ Acc' and the fee is .24%. Has it gone up or am I looking at the wrong one? Damion has 'Vanguard FTSE Global All Cap' as .23%
@@donkeyshorn FTSE Global All Cap Index Fund (VAFTGAG) Accumulation 0.23% Reinvests any dividends with the aim of growing your investments over time Income Distributes any dividends to you, to take as an income Overview Price & Performance Portfolio Data Distributions Costs & Minimums NAV price (GBP) As at date 30 Jan 2024 £195.58 Change -£0.03 -(0.02%) Number of stocks As at date 31 Dec 2023 7,108 Stocks Ongoing charge (OCF) 0.23% Transaction costs apply Risk 5 5 out of 7
@@So.ladylike Not necessarily though there is a fair amount of overlap but that’s not necessarily a negative. Most important thing is to get started and build your income over time to continue investing more as time goes on. I just surpassed 500K from an initial deposit of 85K nineteen months ago
I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!
Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I’m invested in low-cost ETFs, global index funds, and individual stocks and use a CFA. On average, she takes 10% off earnings, but using *Lina Dineikiene's* system makes it much more hands-off. I conservatively follow her recommendations and market entry and exit points, and tbh this makes it fairly simple for me :-)
Re Vanguard fees, I believe the Vanguard US parent company is a mutual co, owned by and for the benefit of their US investors. Charging higher fees in their non US jurisdictions (UK & AUS) enables them to keep the US fees artificially low 😢
You’ll need to consider tracking error and also how they might add performance at the margin eg: stocklending, trading around index announcements, corporate actions for example.
If you add a little more small cap and exclude small cap growth you do expect higher returns LONG TERM but also higher risk BUT better risk to reward ratio ! You might want to look at factor investing!
Great video, Damian! I completely agree with your approach to investing in passive, low-fee global index funds. It's all about keeping things simple and cost-effective. Fees can eat away at our returns over time, so I appreciate your diligence in finding the most cost-efficient options. Thanks for sharing your insights!
Great video! It's worth remembering that fees can change, so I don't think it's worth the faff of moving everything to a new platform unless the fees are SIGNIFICANTLY different. Gonna stick with Vanguard for now.
@@zanmatoshin877 Difference between asking price and bidding price of a stock. It indicates liquidity. Like when you buy or sell a currency, you see a small price difference.
Great video! So when you say you've got VWRL and FTSE global all cap. The all cap is direct with Vanguard and the VWRL fund is via Trading212. Have I understood that correctly? Out of interest, why not have everything through Vanguard?
Did you find out? Damien mentions Invest Engine and it seems Interactive Brokers offer accounts for Limited businesses too. Would be great to see a video of what the options are for a Limited business. I'd trying to find a provider that offers a competitive global index fund for ISA, LISA and Limited business so I dont have to deal with lots of different providers
I note that Trading 212 appear to have the wrong KID linked to this fund stating that the charge is 0.22% (it's the Vanguard equivalent fund) . Not very helpful!!
Instead of using VWRL(0.22%), is there any reason you weren't using a split of VEVE(0.12%) and VFEM(0.22%) to create the same portfolio as VWRL but with lower overall fees. In fact a 90% VEVE 10% VFEM split still has lower overall fees than the INVESCO option.
If i am honest i don't like rebalancing myself i want the core holding to be as simple as possible.I could rebalance simply using pie features and such on the brokers i use.. But yeah maybe i am just lazy
Great video. Regarding the fees section, where it states the vanguard fee is circa £32k on a £745k portfolio. When is the £32k charged? It is when you withdraw the portfolio from the account?
I think if you live and work in the UK, it makes sense to invest in funds that exclude UK. If you look at your finances as a whole (salary and house etc), you're probably relatively overinvested in UK
I agree and have invested like this for years, on the basis that if the UK is doing well then so am i (eg money going into healthcare transport local councils etc) and if its not then the pound will fall and my foreign investments will do even better.
Good reminder for me. I'm moving more to passive with global OEIC's - V/g and HSBC - on a zero cost platform. I am keeping a small percentage in active funds but that suits my personality. KISS springs to mind. Keep it simple stupid!
Interactive Investor says the Key Investor Information Docuement for this Invesco fund is missing and hence you can't buy it on the platform - extremely annoying
Probably a really stupid question here & sorry in advance if it is obvious. If I buy shares that stipulate I do not get the dividends but they are automatically reinvested to reap the benefits of compounding, this will obviously grow the assets effectively over time. But: When it comes to a certain point where I feel I have reached my goal & want to receive the dividends myself, Would this mean I need to sell the shares that are automatically reinvesting in the capital, and swap them out for ones that pay me personally? Which makes me think: Why not always buy the version of the share that pays me and manually reinvest instead ?
There is actually an EVEN more inclusive index than the global allcap. It's called the 'ftse global total cap'. This also includes micro-cap stocks! Would be interesting if a fund came out that somehow included these...would it be worth it?
Probably not. The simple reason being that any individual microcap stock would likely have such a small impact on the fund total value that it would have negligible effect.
Stupid question here. When you talk about investing elsewhere, do you transfer your, let's say vanguard, existing isa across to InvestEngine to take advantage of the lower fees or simply wait until the next tax year rolls around and open up a new one with the existing still running on the other platform.
Not a stupid question! No I leave my previous isa where It is. You can have multiple ISAs with different providers the rule is you can only pay into 1 each month
@@DamienTalksMoney so for a beginner investor such as myself who doesn't have the time to analyse and reinvest himself and just wants to invest and leave the fund alone, would you recommend to buy the VWRP?
It wasn’t widely available the last time I checked and can only be bought on platforms that have higher management fees which cancels out any savings you make.
FWRG is the Acc version where your dividends will be automatically re-invested, FTWG is the Dist version where the Dividends will be paid to your account.
@@waynemay7327transaction costs are optional on vanguard. Buying a spot price you’ll be charged. If you just ask vanguard to do it as part of their daily transactions it’s free.
HMRC doesn’t think fractional shares qualify as ISA holdings. how will thic change the practise of using T212 or Freetrade to buy the accumlilation version of an ETF?
Aren't there some higher taxes on all overseas funds as opposed to UK funds since you are a UK resident. Is it not better to find the UK index that is closest performing to a global index and invest in that in order to save on taxes?
09:28 outside of liquidity the TD of the Vanguard ETF has been almost perfect so far. The Invesco is so young it could potentially perform slightly worse and nullify the difference in TER. There is also a chance that Vanguard reduces the TER and the Invesco dies out in the next decade.
Does it not matter that this Invesco fund is traded in USD from a UK investors point of view (if held within a stocks and shares ISA)? Genuinely curious.
Hi Damo, great job! Thanks for all your work! I have a questions regarding the currency part of the video. I have checked Invesco FTSE All-World UCITS ETF fact sheet and it says : The share prices are published in USD. I understand it's dealt on the London Stock Exchange however how does this solve your currency risk if the prices are in USD? Thank you!
Er… what about account fees? Vanguard clearly states the fee of 0.15% but Invesco doesn’t. Just comparing expense ratio on a specific instrument is not good enough.
Sorry I think you a little confused. I’m not comparing platforms only funds, vangaurds platform fee is a separate discussion. As an example I can but vanguards funds on trading 212 and not pay their platform fee at all. The 0.15% vangaurd platform cost is on top of their fund fees
@@DamienTalksMoneyyou are a little misleading then. If you consider account fee in corresponding brokers I found Invesco to be much more expensive, with combined minimum fee of 0.87% on the instrument. It would have been useful if you can buy the Invesco fund on Vanguard brokerage but that’s not possible. Like many people, you seem to have been tricked by Invesco marketing to assume they’re cheaper.
@@noone80968 I don’t think you have watched the video. I buy the funds on platforms without platform fees. I buy both the invesco fund and vanguard funds I discuss on trading 212 with no fee. The platform fee discussion is completely irrelevant, just to make it crystal clear. On trading 212 and invest engine there is no platform fee. You can buy these funds without that fee
The fee for 0.15% per annum for invesco will that stay the same for 30 years or can it change or increase in 2 years time and then the fee costs more than vanguards?
Matt Mills is right. Also, the all-cap is not an ETF. It's an OEIC (open ended investment company). Some platforms only do ETFs. Hargreaves, ii, and Vanguard (and others) have the all-cap available.
Ive added this to my portfolio, just a really simple 3 fund portfolio, vanguard s&p, invesco nasdaq 100 and invesco all world. All acc and looking to just set and forget for the next 30 years, dollar cost averaging. I have a question though, why would someone choose index funds over ETFs?
Hi Damien, one thing you didn’t consider was the tracking error rate offered by vanguard which far surpasses anything else on the market. From my perception this is why the vanguard all cap is worth the extra fee relative to HSBC or MSCI.
Great content as always. I looked on 212 for the invesco fund and it came up with three different ticker symbol options ? Which one is the distribution option ? Many thanks.
Thanks Damien, struggled for a couple of weeks now to actually get my head around what fund to use and how to finally start investing properly and regularly, lots of great videos about how important it is to make use of compounding but none that help with the nitty gritty of finding the right way to unlock that. Appreciate all your insights and very supportive of your channel.
My take on it is like this: Low risk (safety orientated) => index funds (exposed to all companies worldwide) Moderate-High risk (return orientated) => Stocks/Shares (willing to take the risk for the potential for higher returns) Keeping it simple while having some structure to my approach. That’s what makes sense to me at least. It doesn’t matter if an investment brings back a 10% return if it costs you 1-2% in fees
I would probably add that index funds aren't completely low risk, as the stock market does fluctuate a lot. I'd probably have them as medium risk, with low risk being bonds/gilts, possibly precious metals or just plain old savings accounts now that interest rates are higher.
Having spent a considerable amount of stressful time trying to follow the Trading 212 account opening process, I am confronted with a requirement to use a mobile device. I do not use mobile devices. Does this mean that I cannot do business with them? Paul
Hahah mate i got it as part of my "stitch fix" subscription.... I checked the brand and it is a company they own, but they have just pulled out the UK...
Instead of going with the Global fund, you can split you investments in sp500/europe/pacific/emerging. Like that you don't pay the whole amount at 0.25%
I did not discuss the HSBC fund in great detail here and i probably should have, I am sorry for this! It is an index fund and the brokers I use are primary ETF only. In my experience, the fee savings on this funds is offset by other fees charged by platforms that provide the fund. However, below is a sheet I have compiled. It goes through some of the major brokers and their fund options in a bit more detail, in case you are considering options outside of those I have listed in my description and which I personally use.
handy cheat sheet together: financialinterest.com/index-fund-cheat-sheet/
It has an overview of leading brokers, their fees, their most popular funds, a glossary to simplify complicated jargon, and more!
Fantastic and much appreciated - Well done.
I'm with ii and have the 'Vanguard FTSE Glb All Cp Idx £ Acc' and the fee is .24%. Has it gone up or am I looking at the wrong one? Damion has 'Vanguard FTSE Global All Cap' as .23%
@@donkeyshorn FTSE Global All Cap Index Fund (VAFTGAG)
Accumulation 0.23%
Reinvests any dividends with the aim of growing your investments over time
Income
Distributes any dividends to you, to take as an income
Overview
Price & Performance
Portfolio Data
Distributions
Costs & Minimums
NAV price (GBP)
As at date 30 Jan 2024
£195.58
Change
-£0.03 -(0.02%)
Number of stocks
As at date 31 Dec 2023
7,108 Stocks
Ongoing charge (OCF)
0.23%
Transaction costs apply
Risk
5
5 out of 7
@@donkeyshorn i think the ETF version is slightly cheaper for some reason
What’s the pros and cons of index vs ETF?
I have a 3 fund portfolio but I have finally decided to invest in ETFs, alongside. I’m looking at SCHD, VUG, VOO, XLK or SCHG.
Great picks! I like XLK and SCHD equally!
@@ms.scooterrider thank you! Actually would it be silly to have both?
@@So.ladylike Not necessarily though there is a fair amount of overlap but that’s not necessarily a negative. Most important thing is to get started and build your income over time to continue investing more as time goes on. I just surpassed 500K from an initial deposit of 85K nineteen months ago
I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!
Keep it simple, buy things you understand, take some risk but don't try to shoot the lights out. I’m invested in low-cost ETFs, global index funds, and individual stocks and use a CFA. On average, she takes 10% off earnings, but using *Lina Dineikiene's* system makes it much more hands-off. I conservatively follow her recommendations and market entry and exit points, and tbh this makes it fairly simple for me :-)
Nicely done, well taught. As a retired finance/economics prof, your teaching skills are much superior to mine.
Re Vanguard fees, I believe the Vanguard US parent company is a mutual co, owned by and for the benefit of their US investors. Charging higher fees in their non US jurisdictions (UK & AUS) enables them to keep the US fees artificially low 😢
Cathie Wood'er, should'er, could'er. Great line.
Find your videos always have great writing 👍
Thank you so much! I spend the most time on the writing side of things so really appreciate the nod to the script.
Crashy wood is
You deserve a "like" for that line.
Thanks!
You’ll need to consider tracking error and also how they might add performance at the margin eg: stocklending, trading around index announcements, corporate actions for example.
Damiens videos are always so interesting, never thought talking about stock markets could be so interesting but Damien is a total expert.
So why does VWRL consist of 3688 stocks but FWRG consist ‘only’ of 1745?
1. Why 2. What and 3. How. Proper video! Great work and more of these please.
If you add a little more small cap and exclude small cap growth you do expect higher returns LONG TERM but also higher risk BUT better risk to reward ratio ! You might want to look at factor investing!
Your editing is so good! So engaging and witty.
Somehow, I like this chap and what he says.
😊
So your telling me there’s absolutely no difference between the invesco 0.15% fee and the VWRL 0.22%, only difference at all is the fees?
Do explain
Great video, Damian! I completely agree with your approach to investing in passive, low-fee global index funds. It's all about keeping things simple and cost-effective. Fees can eat away at our returns over time, so I appreciate your diligence in finding the most cost-efficient options. Thanks for sharing your insights!
Why do you use an app to buy your funds and not in a Vanguard Stocks & Shares ISA directly?
Hey Damo - thanks for the video. I'm abit confused though....should I invest through Vanguard or through trading 212 and a vanguard ETF?
Great video! It's worth remembering that fees can change, so I don't think it's worth the faff of moving everything to a new platform unless the fees are SIGNIFICANTLY different.
Gonna stick with Vanguard for now.
If customers stick with Vanguard, then the fees on that platform are unlikely to change.
@@pistopitpit keep what you have but continue investing on the new one with cheaper fee. They WILL get the message...
This aged well
The spread is a hidden cost. On Vanguard it's 0.03, on Invesco 0.29. What you're gaining in total expense you're loosing in spread.
What is spread??
@@zanmatoshin877 Difference between asking price and bidding price of a stock. It indicates liquidity. Like when you buy or sell a currency, you see a small price difference.
I’m invested in VUSA and the Global All Cap index funds on Vanguard? Should I be just investing in one? Am I wasting money on fees?
Management fees are a drag on your investment.
@@sid35gbdo you suggest just investing in one?
My favourite youtuber is back with more fantastic content - such a Legend
Thank you!
Why a fund vs ETFs like VWRL or a mix of VEVE and VFEM? Seems like a cheaper option.
New subscriber here. These are great videos. Very well presented with useful, practical advice.
Welcome to the channel and thank you for the lovely comment 😊
how about amundi prime all countries world for 0.07?
In the uk?
@@Itsmejabs are they restricted in what they can buy?
@@p0gr I am not too sure - new to investing
Great video! So when you say you've got VWRL and FTSE global all cap. The all cap is direct with Vanguard and the VWRL fund is via Trading212. Have I understood that correctly? Out of interest, why not have everything through Vanguard?
Same question
do you have a video that walks you through setting up a stocks and share isa, which provider you go with etc? does it matter?
Where can I find information about Trading 212 business accounts for limited company?
Thank you
Did you find out? Damien mentions Invest Engine and it seems Interactive Brokers offer accounts for Limited businesses too. Would be great to see a video of what the options are for a Limited business. I'd trying to find a provider that offers a competitive global index fund for ISA, LISA and Limited business so I dont have to deal with lots of different providers
I note that Trading 212 appear to have the wrong KID linked to this fund stating that the charge is 0.22% (it's the Vanguard equivalent fund) . Not very helpful!!
Can you be certain that an index exists over 30 years?
Since I came across your page I’ve made some big progress in terms of investing. Thank you sir.🙏
Damien - this fund is sampling though and on one of your videos you advised that wasn't great when compared to the vanguard?
Damien, you mentioned choosing a fund listed in GBP, is the VWRL listed in USD with Vanguard?
Instead of using VWRL(0.22%), is there any reason you weren't using a split of VEVE(0.12%) and VFEM(0.22%) to create the same portfolio as VWRL but with lower overall fees.
In fact a 90% VEVE 10% VFEM split still has lower overall fees than the INVESCO option.
If i am honest i don't like rebalancing myself i want the core holding to be as simple as possible.I could rebalance simply using pie features and such on the brokers i use.. But yeah maybe i am just lazy
@@DamienTalksMoney Simplicity is a perfectly fair reason :) Have a good day
Great video. Regarding the fees section, where it states the vanguard fee is circa £32k on a £745k portfolio. When is the £32k charged? It is when you withdraw the portfolio from the account?
Did you mention the ticker? I see two with the same name
cream
I think if you live and work in the UK, it makes sense to invest in funds that exclude UK.
If you look at your finances as a whole (salary and house etc), you're probably relatively overinvested in UK
@@Gjudxdkjyzddhjnr7091 yeah, I do not live in the UK and the strategy worked great for me too
Provably best not to take financial advice from a youtube post... my uk investments have done really well the the past few years
@@83craigshagcan I ask how you invest in the UK coz the only thing that makes sense for me In this poxed country is Bonds 🤷♂️ lol
I agree and have invested like this for years, on the basis that if the UK is doing well then so am i (eg money going into healthcare transport local councils etc) and if its not then the pound will fall and my foreign investments will do even better.
I really want to invest. I thought the idea is to rely on compounding using one fund to really maximise your return?
Why not LGGG? It’s only 0.1% fee.
I watched this video but don’t remember the names of the funds he recommends. Can someone please list the fund names?
Any info on how likely Vanguard would lower the VWRL fee to match/beat invesco?
So which index are you recommended. I an new, learning how to invest
Good reminder for me. I'm moving more to passive with global OEIC's - V/g and HSBC - on a zero cost platform. I am keeping a small percentage in active funds but that suits my personality.
KISS springs to mind.
Keep it simple stupid!
Excellent video as always! With this index fund, what are people pairing it with for broader coverage in their ISA's?
Interactive Investor says the Key Investor Information Docuement for this Invesco fund is missing and hence you can't buy it on the platform - extremely annoying
Wtf is this dude showing all for free?! This is amazing work!! Thanks!
That Invesco ETF has an indicative spread of 0.27% so factor that in as well, but at least that is only one hit when money goes in and not yearly.
What is the ticker of the Invesco fund please
FWRG Acc
My preference is for the VEVE etf currently. It tends to outperform VWRL with no emerging markets…but then I have some AEI for that…
Probably a really stupid question here & sorry in advance if it is obvious.
If I buy shares that stipulate I do not get the dividends but they are automatically reinvested to reap the benefits of compounding, this will obviously grow the assets effectively over time.
But: When it comes to a certain point where I feel I have reached my goal & want to receive the dividends myself,
Would this mean I need to sell the shares that are automatically reinvesting in the capital, and swap them out for ones that pay me personally?
Which makes me think: Why not always buy the version of the share that pays me and manually reinvest instead ?
Can you suggest where to look for world index funds available to the Canadian Market?
There is actually an EVEN more inclusive index than the global allcap. It's called the 'ftse global total cap'. This also includes micro-cap stocks! Would be interesting if a fund came out that somehow included these...would it be worth it?
Probably not. The simple reason being that any individual microcap stock would likely have such a small impact on the fund total value that it would have negligible effect.
You didn't compare the HSBC Fund?
I don’t think it’s widely available.
@@MatthewMills. Yeah I did have a look and they seem have a huge range on the HSBC website but not many available on other platforms.
I want a vanguard option that lets me take my money out when i want. Any ideas for a nooby
All of them allow you to do this mate
ETF such as the Invesco are not covered by the FSCS, whereas your other funds are covered. Important aspect.
Wrong fscs covers up to 85k no distinction between etf and othet funds, its per account
@@HeshkinpETFs have no FSCS protection at all.
Stupid question here. When you talk about investing elsewhere, do you transfer your, let's say vanguard, existing isa across to InvestEngine to take advantage of the lower fees or simply wait until the next tax year rolls around and open up a new one with the existing still running on the other platform.
Not a stupid question! No I leave my previous isa where It is. You can have multiple ISAs with different providers the rule is you can only pay into 1 each month
@@DamienTalksMoney Oh i see thanks! I thought it was only one each year. Was that ever the case?
Damien, why would you buy a Dist fund than an Acc fund - why VWRL and not VWRP? isn't reinvestment the key to compounding interest?
I just like to do the reinvesting myself manually. The process of reinvestment still happens
@@DamienTalksMoney so for a beginner investor such as myself who doesn't have the time to analyse and reinvest himself and just wants to invest and leave the fund alone, would you recommend to buy the VWRP?
From Australia. I spread over 3 funds 25% ASX 200, 25% S&P 500, 50% all-world ex US.
Sounds like a future headache of rebalancing and unnecessary risk / admin. Just use a global fund
What is the point? They all not do the same job?
Why would you move your money from Vanguard to Investo (when the fund gets bigger) since you have to pay tax for all that sum?
So hang on, WHICH fund are you investing in? I think I missed it completely. Is it VWRL? Or is it fwrg?
Damien, looking at your last option, HSBC all world looks like 0.13% and $3bn - how come that didn’t get a mention?
That's the one I am with.
Me too
Looks a safer and cheaper option - I’m looking to get started and don’t want to chop and change!
Same. Doesn’t ever seem to get much of a mention. Makes me wonder if people know something I don’t. 😅
It wasn’t widely available the last time I checked and can only be bought on platforms that have higher management fees which cancels out any savings you make.
212 comes up with up 5 invesco all world, which/what symbol is best ?
Ticker -> FWRG if you live in the UK. The others are in foreign currencies such as $, € etc.
FWRG is the Acc version where your dividends will be automatically re-invested, FTWG is the Dist version where the Dividends will be paid to your account.
Watching on my phone so was too lazy to check, but did you include vanguards £375 fee cap in your fee example?
He's not talking about that 0.15% fee. He's talking about the ongoing charges fee which is a different charge. There are also transaction costs.
@waynemay7327 ah okay. surely talking about the 375 cap is the most important part when discussing any fees for the long run though
@@waynemay7327transaction costs are optional on vanguard. Buying a spot price you’ll be charged. If you just ask vanguard to do it as part of their daily transactions it’s free.
What platform can you buy the invesco ftse all world ucits etf on? Couldn't find it on ii 🤔
Trading 212
Hello guys I need help on my SIPP, managing it yourself or allowing them to manage it for you
HMRC doesn’t think fractional shares qualify as ISA holdings. how will thic change the practise of using T212 or Freetrade to buy the accumlilation version of an ETF?
Aren't there some higher taxes on all overseas funds as opposed to UK funds since you are a UK resident.
Is it not better to find the UK index that is closest performing to a global index and invest in that in order to save on taxes?
09:28 outside of liquidity the TD of the Vanguard ETF has been almost perfect so far. The Invesco is so young it could potentially perform slightly worse and nullify the difference in TER. There is also a chance that Vanguard reduces the TER and the Invesco dies out in the next decade.
What would you do if you have 100k spare? Mortgage/housing out of the question. Thanks.
Interesting video Damien.
Would L&G Global Equity UCITS ETF (LGGG) be a comparable option to the Invesco ETF mentioned in the video.
Does it not matter that this Invesco fund is traded in USD from a UK investors point of view (if held within a stocks and shares ISA)? Genuinely curious.
FWRG is the lse listing which is gbx. Almost all base currencies are usd.
Hi Damo, great job! Thanks for all your work! I have a questions regarding the currency part of the video.
I have checked Invesco FTSE All-World UCITS ETF fact sheet and it says : The share prices are published in USD. I understand it's dealt on the London Stock Exchange however how does this solve your currency risk if the prices are in USD? Thank you!
Er… what about account fees? Vanguard clearly states the fee of 0.15% but Invesco doesn’t. Just comparing expense ratio on a specific instrument is not good enough.
Sorry I think you a little confused. I’m not comparing platforms only funds, vangaurds platform fee is a separate discussion. As an example I can but vanguards funds on trading 212 and not pay their platform fee at all. The 0.15% vangaurd platform cost is on top of their fund fees
@@DamienTalksMoneyyou are a little misleading then. If you consider account fee in corresponding brokers I found Invesco to be much more expensive, with combined minimum fee of 0.87% on the instrument. It would have been useful if you can buy the Invesco fund on Vanguard brokerage but that’s not possible. Like many people, you seem to have been tricked by Invesco marketing to assume they’re cheaper.
@@noone80968 I don’t think you have watched the video. I buy the funds on platforms without platform fees. I buy both the invesco fund and vanguard funds I discuss on trading 212 with no fee.
The platform fee discussion is completely irrelevant, just to make it crystal clear. On trading 212 and invest engine there is no platform fee. You can buy these funds without that fee
The fee for 0.15% per annum for invesco will that stay the same for 30 years or can it change or increase in 2 years time and then the fee costs more than vanguards?
What happens if the fund does close? Do you just get paid out what you invested and gains made?
Yes the fund manager will return capital to investors
Good insight. What is your take on factor investing?
What happens if your brand new ETF closes down? Do you lose your money ?
Sorry VWRL is vanguard, but what's the ticker for FTSE Global All cap?
VRXXB for the accumulation version of FTSE Global All Cap
You can only buy the all cap from a few of the larger brokers and vanguard themselves. You can’t get it on invest engine or T212.
FWRG is what is displayed on his InvestEngine screen, which I have also managed to track in my II account
Matt Mills is right. Also, the all-cap is not an ETF. It's an OEIC (open ended investment company). Some platforms only do ETFs.
Hargreaves, ii, and Vanguard (and others) have the all-cap available.
There isn't a ticker for the all cap as it's a fund.
Are some of these USD base funds cheaper because they loan stock?
Ive added this to my portfolio, just a really simple 3 fund portfolio, vanguard s&p, invesco nasdaq 100 and invesco all world. All acc and looking to just set and forget for the next 30 years, dollar cost averaging. I have a question though, why would someone choose index funds over ETFs?
Hi Damien, one thing you didn’t consider was the tracking error rate offered by vanguard which far surpasses anything else on the market.
From my perception this is why the vanguard all cap is worth the extra fee relative to HSBC or MSCI.
What’s this?
Does anyone have any recommendations om what app/business to use for Stock? 🙂
Great Vidoe!! If I have 10k would you advice to put it as whole in FTSE developed world or monthly pay?
I would say as a whole at once. Its for long term anyway
Great content as always. I looked on 212 for the invesco fund and it came up with three different ticker symbol options ? Which one is the distribution option ? Many thanks.
The one with (Dist) in the name.
@@NightElff88 it didn't state dist or Acc. On 212 ?
Would the invesco fund be affected by the new hmrc proposed changes?
Thanks Damien, struggled for a couple of weeks now to actually get my head around what fund to use and how to finally start investing properly and regularly, lots of great videos about how important it is to make use of compounding but none that help with the nitty gritty of finding the right way to unlock that. Appreciate all your insights and very supportive of your channel.
Having VEVE and VFEM in your portfolio instead of VWRL is cheaper on fees...
I’m looking to investment monthly into my trading 212 isa, what percentage of your investment would you designate to each of the funds?
L g global equity index , 0.08%
what are your thoughts on the fidelity global shares index? thanks
My take on it is like this:
Low risk (safety orientated) => index funds (exposed to all companies worldwide)
Moderate-High risk (return orientated) => Stocks/Shares (willing to take the risk for the potential for higher returns)
Keeping it simple while having some structure to my approach. That’s what makes sense to me at least. It doesn’t matter if an investment brings back a 10% return if it costs you 1-2% in fees
I would probably add that index funds aren't completely low risk, as the stock market does fluctuate a lot. I'd probably have them as medium risk, with low risk being bonds/gilts, possibly precious metals or just plain old savings accounts now that interest rates are higher.
You deserve more credit for the top notch string of financier puns at 2:57
Thank you!
One could say it was a Buffet of puns.
The World Series was from a news paper called The World.
Its not a reference to the globe !
Is the invesco fund available on HL. Thank you.
Great video! I'm new to all of this but I followed along just fine 😊❤
How do active funds compare to S&P over a longer period?
Active funds lose even more.
Having spent a considerable amount of stressful time trying to follow the Trading 212 account opening process, I am confronted with a requirement to use a mobile device.
I do not use mobile devices.
Does this mean that I cannot do business with them?
Paul
I moved to invesco the moment it came out. Happy so far
All been working ok for you?
Interesting. I especially liked those turquoise dresses.
Haha!
Off topic, but where did you get that t-shirt? 👀
Hahah mate i got it as part of my "stitch fix" subscription.... I checked the brand and it is a company they own, but they have just pulled out the UK...
Instead of going with the Global fund, you can split you investments in sp500/europe/pacific/emerging. Like that you don't pay the whole amount at 0.25%
Is it FWRG just to confirm?