Right, one final brace of questions then I promise I'll drop the subject and let this thread rest in peace!
Finally the cash arrived in my ii SIPP account yesterday (unfortunately this was SL sitting on it for a month before doing anything, rather than them selling 4-5 weeks ago but then taking ages to do the bank transfer, so I didn't miss out on any drops). I now need to invest it before e.g. Putin drops dead and the markets jump 10% in an hour... although I suppose equally he could nuke Ukraine tomorrow morning and I'll be glad I'm sitting in cash... but anyway. I'm working on the principle that since I agree with the theory that the stock market is the best place for my money then I should be prepared to back that up with my actions and not faff around with "yes, but today is different".
But before I start pressing buttons of my own, can anybody tell me more about:
1. (The bigger question) What's this ii currency charge thing you were talking about upthread? I hadn't heard about it before, or if I had I had assumed it wouldn't apply to anything I was doing (I'm not about to start investing in individual stocks in US companies or whatever - it's going to be funds all the way). I was going to go and pick a selection from something like this:
https://monevator.com/low-cost-index-trackers/ or even just
https://monevator.com/best-global-tracker-funds/ but now I'm worried I'm missing something! Is it the case that some of these will have a hidden currency charge wiping 1% off the value of whatever I put in straight away (and presumably another 1% off when I take it out too) and some won't? How do I tell which is which? Is it like "UK good, Ireland bad" or more subtle? Or am I over-complicating matters and nothing that I'm looking to invest in is likely to have this charge?
2. (The smaller question) If I use their regular investor thing which allows me to make the trades for free, do I still get charged that extra £40 that you were talking about? If I do, I might split it to keep them all below the £100k mark, but I'd sooner not do that if I don't need to - funds to invest are a shade above £1m in total (that property fund had to stay behind as it can't be sold yet) and I was only going to put it in two or three. I know a few hundred quid is just noise at this level, but even so, I'd rather have it making that noise in my pocket than someone else's if there's no downside to that.
Thanks once more!