Yes, the Vangaurd fee will be £60 in year 1, but as your portfolio grows so will your fees. Goldman Sachs’ base case is the S&P hitting 3000 at the end of 2019 (+12%) so your year 2 fees would be £67 (slightly more if you include reinvested dividends), these would grow again in year 3 if the index gained and so on… This is a massive benefit of Freetrade - very low and flat fees.
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