Vanguard ISA

Bassmansam · 14 Jul 2022 at 15:02

Hi

I've been paying into an all world ftse isa since February. When i log in i see the following "Available cash - £154".

What does this mean please?

In total i've paid in £1190.

VincentHanna · 14 Jul 2022 at 15:05

That they've lost you £1036?

Bassmansam · 14 Jul 2022 at 15:06

VincentHanna said:
That they've lost you £1036?

Really? Oh boy

touch · 14 Jul 2022 at 15:08

It means there is £154 cash in your account which isn't invested in anything.
Often you'll end up with a bit of cash when you make transactions. If you purchase 10 units of something, for example, it might cost £100 so you add £100 to your account but when it comes to actually buying the prices have moved and you end up with a few pounds left in cash not invested.

I think some investments can also pay cash directly back into your account? All of mine are accumulation though so I don't get cash out from any of them.

It's good to have some cash in there because annual fees are paid from the cash balance (or some of your investments are sold to cover the cost if you dont have sufficient cash)

Uther · 14 Jul 2022 at 15:10

I think it's a crossover between your payment going in and them buying the shares. It should sort itself out in a couple of days. Maybe.

moon man · 14 Jul 2022 at 15:11

You may have got a quarterly dividend (I did I have same) ,but sometimes with vanguard you can't buy a part share only a whole unit (I think life strategy can be fraction's ) so you end up with cash

VincentHanna · 14 Jul 2022 at 15:12

Bassmansam said:
Really? Oh boy

Nah, I don't know anything about stock and share ISA's

moon man · 14 Jul 2022 at 15:13

Having said that you can see dividends paid on the corporate actions tab iirc

Uther · 14 Jul 2022 at 15:13

You could send them a message, they are pretty quick at replying.

goldy6660 · 14 Jul 2022 at 15:16

If that's free money then that's very decent for a return surely