So I’m new to investing and plan to invest 10k in this fund with AJ Bell. What would be the best way to do this?
According to the charges calculator, investing in it would incur over £600, £550 of which is the initial charge. Is there any way I can avoid this initial charge?
Secondly, if I deposit £300 a month into this as regular payments, would I also incur a hefty initial charge on a monthly basis? (£16 in this case) Or will I only be paying the £1.50 dealing fee?
And if I don’t have to pay the initial charge in that case, wouldn’t it make more sense for me to split the £10000 into monthly payments for the first 3 months?
Sorry if these are dumb questions, I am new to this. Jzk