Types of Account
Regular Investing
What is Regular Investing?
Making regular payments into your Trading Account or Trading ISA is an easy and affordable way of investing in the stock market.
Our Regular Investment Account or Regular Investment ISA is an online monthly investment service, which lets you either make small monthly payments to an ISA or a Trading Account, or you can also purchase stocks on a monthly basis for just £1.50 commission. You can also purchase funds, which don't incur commission but may have a Fund Manager charge.
Benefits
- Invest in UK Equities from the FTSE 350, Funds and UK-listed Exchange Traded Funds (ETFs).
- No Account Management Fee.
- No tie ins - stop and start payments at any time.
- Invest from as little as £25 per month.
- Deposit extra one-off payments whenever you like.
- Sell your shares with commissions from £9.95 per trade.
- Reduce worry about the right time to buy. Buying little and often helps to smooth out the ups and downs of the market in the long term.
- Your trades are made automatically each month
How Does the Regular Investment Account Work?
You can set up a direct debit or make an internal transfer from another TD Waterhouse Account in order to make regular payments (internal transfer is not available into a Regular Investment ISA).
Choose up to ten stocks and/or funds that you wish to invest in on monthly basis. You can login to your account at any time and change your payment and investment choices.
We group all of our customers' orders and trade them together twice a month, as this saves us resource and money we can pass these savings on to you.
The minimum payment accepted per month is £25. The minimum investment for shares is £25 per month and £50 per month for funds. There is no maximum limit which you can invest.
All your communications such as statements and contract notes will be available online.
In addition to the regular investment facility you can still make purchases in real time. All your investments will be shown as normal in your Portfolio and all sales will be transacted in real time.
How Much Does it Cost?
Commission is just £1.50 per trade for stocks. Funds do not incur commission but there may be a Fund Manager charge, which is a percentage of the value of your investment. This can differ depending on the fund.
Open a new Regular Investment Account or Regular Investment ISA
Switch your existing ISA to a Regular investment ISA - Make payments and purchase regularly within an ISA wrapper. Login now and go to 'Account Administration/Account Upgrades.
Add regular payments only to your existing Trading Account
Go to your account Administration/Account upgrades.
Take Advantage of 'Pound Cost Averaging'
Investing little amounts regularly can have the advantage of averaging out the cost of your total investment over time. This is called 'Pound Cost Averaging'.
If you invest the same amount of money each month, when the share price is down you get more for your money than you will when the share price is up. This technique irons out the ups and downs of a share or fund price over time, giving you a number of shares bought at an overall average price. This takes away the worry of timing your purchases correctly.
