Invest online
Buy ISAs and funds online now using Aegon and Fidelity fund supermarkets.
With the new tax year now upon us, it could be time to invest into a 2023/24 ISA. Your £20,000 limit could be invested in one lump sum, monthly or in individual lump sum amounts of your choosing. By investing in smaller regular lump sums you spread the risk rather than potentially making a poorly timed investment. This process is known as 'pound cost averaging'.
For example, if you invest the whole subscription at a market high and fund price(s) drop soon after, it could be some time before you see a profit. So instead of the entire investment suffering this loss, only the invested part does. The remainder, in theory, is then invested at lower prices. It's certainly something to consider in challenging economic times. Rarely do investors make a perfectly timed investment.
Please contact us for a quote and application if there are any funds you are considering for this tax year.