Hi guys,
I'm fairly new to investing so looking for some help, particularly help from a UK point of view.
I've currently invested around £13,000 in Fidelity Index UK Fund P-Acc. Since opening the account it has been up and down and is currently about 3% down. I have another £8000 or so I want to invest and, as the UK market isn't doing much for me, and also for diversification reasons, I was thinking about investing in the SP500.
EDIT: I currently have around £1200-1500 a month I can continue to invest in either account for around the next 3 years. After that my salary / situation will change.
I've looked at these funds on Fidelity:
HSBC S&P 500 ETF - fees 0.44%
Vanguard U.S. Equity Index Acc (VAUIA) - 0.45%
Vanguard LifeStrategy 100% Equity Inc (VANEI) - 0.59%
http://monevator.com/compare-uk-cheapest-online-brokers/Next, having looked at the above site, I'm wondering if Fidelity is the best option. HSBC or iWeb seem to have lower fees.
So my questions, if anybody would be so kind to help this newbie:
1) Diversification into the US markets - is this even a good idea as a UKer?
2) If so, which fund would you go for?
3) The fees above (from 0.44%-0.59%), are these prohibitive? I know they're much higher than what a US investor would pay.
4) Would opening a new account with HSBC or iWeb serve me better than Fidelity?
5) Does being in China complicate things at all?
Thanks in advance!