The Only Index Fund I'm Buying Now.

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Күн бұрын

I am going to be changing what I invest in each month and in this video I will run you through what I am buying and the considerations I made to come to this decision.
I put together a cheat sheet for those of you that are looking to get to grips with index funds, brokers, complicated jargon and more. You can get it here: financialinterest.com/index-f...
The brokers I use:
InvestEngine
investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine
Trading 212
trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.
Vanguard
www.vanguardinvestor.co.uk/
This is not an affiliate link
Links from video:
Failure of Active to beat the market www.nytimes.com/2022/12/02/bu....
The shape paper: www.sciencedirect.com/science...
Ramin’s video: • Best Index Funds For L...
Liquidity info - freetrade.io/learn/what-is-li....
Timestamps:
00:00 - Changing
01:33 - Shopping
02:06 - Passive
03:25 - Global
06:27 - Currency
06:32 - Options
08:11 - ACC vs INC
08:30 - Fees
10:36 - Risks and concerns
11:42 - Platform
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.

Пікірлер: 771

@DamienTalksMoney 5 ай бұрын

I did not discuss the HSBC fund in great detail here and i probably should have, I am sorry for this! It is an index fund and the brokers I use are primary ETF only. In my experience, the fee savings on this funds is offset by other fees charged by platforms that provide the fund. However, below is a sheet I have compiled. It goes through some of the major brokers and their fund options in a bit more detail, in case you are considering options outside of those I have listed in my description and which I personally use. handy cheat sheet together: financialinterest.com/index-fund-cheat-sheet/ It has an overview of leading brokers, their fees, their most popular funds, a glossary to simplify complicated jargon, and more!

@philgosling 5 ай бұрын

Fantastic and much appreciated - Well done.

@donkeyshorn 5 ай бұрын

I'm with ii and have the 'Vanguard FTSE Glb All Cp Idx £ Acc' and the fee is .24%. Has it gone up or am I looking at the wrong one? Damion has 'Vanguard FTSE Global All Cap' as .23%

@philgosling 5 ай бұрын

@@donkeyshorn FTSE Global All Cap Index Fund (VAFTGAG) Accumulation 0.23% Reinvests any dividends with the aim of growing your investments over time Income Distributes any dividends to you, to take as an income Overview Price & Performance Portfolio Data Distributions Costs & Minimums NAV price (GBP) As at date 30 Jan 2024 £195.58 Change -£0.03 -(0.02%) Number of stocks As at date 31 Dec 2023 7,108 Stocks Ongoing charge (OCF) 0.23% Transaction costs apply Risk 5 5 out of 7

@timcooper1841 3 ай бұрын

@@donkeyshorn i think the ETF version is slightly cheaper for some reason

@dennishuizenga7366 3 ай бұрын

Dude… tnx

@tommyleejohnson7308 5 ай бұрын

Nicely done, well taught. As a retired finance/economics prof, your teaching skills are much superior to mine.

@blottonthelandscape 8 ай бұрын

You’ll need to consider tracking error and also how they might add performance at the margin eg: stocklending, trading around index announcements, corporate actions for example.

@stuarth9359 9 ай бұрын

Re Vanguard fees, I believe the Vanguard US parent company is a mutual co, owned by and for the benefit of their US investors. Charging higher fees in their non US jurisdictions (UK & AUS) enables them to keep the US fees artificially low 😢

@DanKohan 9 ай бұрын

Great video, Damian! I completely agree with your approach to investing in passive, low-fee global index funds. It's all about keeping things simple and cost-effective. Fees can eat away at our returns over time, so I appreciate your diligence in finding the most cost-efficient options. Thanks for sharing your insights!

@naomicgabriel 5 ай бұрын

Your editing is so good! So engaging and witty.

@kiesviswa7665 9 ай бұрын

1. Why 2. What and 3. How. Proper video! Great work and more of these please.

@gabrielstevens2679 9 ай бұрын

I’m looking to investment monthly into my trading 212 isa, what percentage of your investment would you designate to each of the funds?

@raydaveyrd 6 ай бұрын

do you have a video that walks you through setting up a stocks and share isa, which provider you go with etc? does it matter?

@elliot5504 9 ай бұрын

Cathie Wood'er, should'er, could'er. Great line. Find your videos always have great writing 👍

@DamienTalksMoney 9 ай бұрын

Thank you so much! I spend the most time on the writing side of things so really appreciate the nod to the script.

@Gold.Circle. 3 ай бұрын

Crashy wood is

@michaelh2282 16 күн бұрын

You deserve a "like" for that line.

@mevishmushtaq-ahmed9130 2 ай бұрын

Damien - this fund is sampling though and on one of your videos you advised that wasn't great when compared to the vanguard?

@Me-ll4ig 8 ай бұрын

Damiens videos are always so interesting, never thought talking about stock markets could be so interesting but Damien is a total expert.

@gregoneill990 9 ай бұрын

New subscriber here. These are great videos. Very well presented with useful, practical advice.

@DamienTalksMoney 9 ай бұрын

Welcome to the channel and thank you for the lovely comment 😊

@LEWIS1992 9 ай бұрын

Great video! It's worth remembering that fees can change, so I don't think it's worth the faff of moving everything to a new platform unless the fees are SIGNIFICANTLY different. Gonna stick with Vanguard for now.

@pistopitpit 6 ай бұрын

If customers stick with Vanguard, then the fees on that platform are unlikely to change.

@vinylwarmth 6 ай бұрын

Why do you use an app to buy your funds and not in a Vanguard Stocks & Shares ISA directly?

@michaelfearn83 9 ай бұрын

Is the invesco fund available on HL. Thank you.

@yevpt 9 ай бұрын

Hi Damien! Good video. What about LGGG? I just moved my vanguard to here using the same kind of reasoning

@michaeloneill151 5 ай бұрын

Damien, you mentioned choosing a fund listed in GBP, is the VWRL listed in USD with Vanguard?

@anjena 8 ай бұрын

Why a fund vs ETFs like VWRL or a mix of VEVE and VFEM? Seems like a cheaper option.

@nicofit3656 8 ай бұрын

Since I came across your page I’ve made some big progress in terms of investing. Thank you sir.🙏

@SJ_W1864 9 ай бұрын

what are your thoughts on the fidelity global shares index? thanks

@sdavis7096 8 ай бұрын

Would the invesco fund be affected by the new hmrc proposed changes?

@seftongreene7682 9 ай бұрын

Hi Damien which platform should I buy on ? thanks

@H.I.T.E.N. 9 ай бұрын

Another great video mate! Production is getting even better. Well done Damien!

@cuteandfunnyearthlings2863 7 ай бұрын

The fee for 0.15% per annum for invesco will that stay the same for 30 years or can it change or increase in 2 years time and then the fee costs more than vanguards?

@daniel_melo Ай бұрын

Good insight. What is your take on factor investing?

@jimjam2783 6 ай бұрын

I watched this video but don’t remember the names of the funds he recommends. Can someone please list the fund names?

@daleholden 5 ай бұрын

@DamienTalksMoney hi great video as always but could i ask for a little clarity please? At the start of the video you say you are going to change this each month! As it takes several days to sell and buy and 30 days if you transfer i do not see how this makes sense? Or did i misunderstand what you said ?

@DR00002008 9 ай бұрын

So why does VWRL consist of 3688 stocks but FWRG consist ‘only’ of 1745?

@jonathanbates154 2 ай бұрын

Can you suggest where to look for world index funds available to the Canadian Market?

@kevinu.k.7042 6 ай бұрын

Thank you - Excellent video - Very helpful to me. Cheers.

@dar1e 9 ай бұрын

Aren't there some higher taxes on all overseas funds as opposed to UK funds since you are a UK resident. Is it not better to find the UK index that is closest performing to a global index and invest in that in order to save on taxes?

@sebastianchatt5960 6 ай бұрын

Thanks Damien, struggled for a couple of weeks now to actually get my head around what fund to use and how to finally start investing properly and regularly, lots of great videos about how important it is to make use of compounding but none that help with the nitty gritty of finding the right way to unlock that. Appreciate all your insights and very supportive of your channel.

@user-cx8sw9fv4r 5 ай бұрын

Great Vidoe!! If I have 10k would you advice to put it as whole in FTSE developed world or monthly pay?

@DarkoFitCoach Ай бұрын

I would say as a whole at once. Its for long term anyway

@epicchess2021 9 ай бұрын

Great video thank you. One comment at the end MASSIVELY caught my attention - invest engine do ‘business investing’ - any way I can learn more about that and if you recommend me is there anything in it for you when I join?

@mattsennett 9 ай бұрын

Nice one Damo. I have been adding more to VHYL recently but will take a closer look at FWRG myself 👍🏻

@andrewheron2399 8 ай бұрын

Are some of these USD base funds cheaper because they loan stock?

@joshwheeler9732 8 ай бұрын

I'm new to the channel, work in finance, and love hearing different opinions. While I agree with you on the passive v active debate. I don't think this is too prevalent on smaller cap funds. (AIM listed UK stocks.) There is a clear track record of active (multiple funds) being better than passive...However, I always think passive is better than active majority of the time.

@zoe440 9 ай бұрын

Thank you Damien 😊

@festerarl6653 9 ай бұрын

Good reminder for me. I'm moving more to passive with global OEIC's - V/g and HSBC - on a zero cost platform. I am keeping a small percentage in active funds but that suits my personality. KISS springs to mind. Keep it simple stupid!

@n00bstar1994 8 ай бұрын

Hey Damien, recently came across your channel and love the content. Was wondering about how you manage with regards to having multiple investment platforms. How do you decide which to use for your ISA? I use two and very conflicted in which one to focus my efforts on. Would be interested to hear your approach

@emiliodeltessandoro2980 7 ай бұрын

Thank you for explaining you thought process and providing a few concrete examples, very useful!

@jakkuwolfinsomnia8058 9 ай бұрын

My take on it is like this: Low risk (safety orientated) => index funds (exposed to all companies worldwide) Moderate-High risk (return orientated) => Stocks/Shares (willing to take the risk for the potential for higher returns) Keeping it simple while having some structure to my approach. That’s what makes sense to me at least. It doesn’t matter if an investment brings back a 10% return if it costs you 1-2% in fees

@IAMMARTICUS1470 5 ай бұрын

I would probably add that index funds aren't completely low risk, as the stock market does fluctuate a lot. I'd probably have them as medium risk, with low risk being bonds/gilts, possibly precious metals or just plain old savings accounts now that interest rates are higher.

@mineepiccash1493 8 ай бұрын

What would you do if you have 100k spare? Mortgage/housing out of the question. Thanks.

@user-md6ec7wp4m 9 ай бұрын

Thanks for the heads up! Always good to review and check your investments are competitive. I think the differences between funds, as you mention, within the same category/type is minimal, they tend to have similar performance (they are doing the same thing). Looking for the "perfect" fund/etf etc is just not that feasible and wastes a lot of time. The most important thing for me is to make a decision and execute, so you start/keep investing. I think the 85% rule works well here and is helping me to make decisions and not procrastinate in the spreadsheets.

@davidriley2784 9 ай бұрын

what's the 85% rule?

@LEARjsy 4 ай бұрын

I relate to your comments a lot. Too much time spent reading, researching, analysing trying to 'get it right / not make a mistake', when I should just not try to overcomplicate things. Looking presently at stripping things back - making a sensible decision based on a few good all-round global equity funds and then sitting back and doing nothing other than an occasional review!

@RakanXYZ 9 ай бұрын

I've been giving this alot of thought today. I am personally looking into the US index funds and was looking into something ex-top 7 market weight stocks. Something to hedge against the huge gains of the big cap stocks and bets on small caps medium caps making come backs.

@RickMyBalls 9 ай бұрын

alot

@MatthewMills. 9 ай бұрын

Great looking video, they’re getting better all the time.

@J-gw5sb 3 ай бұрын

Great video! So when you say you've got VWRL and FTSE global all cap. The all cap is direct with Vanguard and the VWRL fund is via Trading212. Have I understood that correctly? Out of interest, why not have everything through Vanguard?

@ahmadsheikh351 Ай бұрын

Same question

@househussain786 9 ай бұрын

Does anyone have any recommendations om what app/business to use for Stock? 🙂

@eccles0974 3 ай бұрын

Interesting video Damien. Would L&G Global Equity UCITS ETF (LGGG) be a comparable option to the Invesco ETF mentioned in the video.

@Jay-hy1si 3 ай бұрын

I really want to invest. I thought the idea is to rely on compounding using one fund to really maximise your return?

@andrewtweedy3150 8 ай бұрын

Another gr8 video damien as usual :) I'm a big fan of VWRL/VRWP but i was leaning toward the invesco etf for the 0.07% saving. I was also looking into VHVG/VFEG @ 90/10% which works out at 0.13% for pretty much the same regional allocations as VWRP. The invesco has approx 3% more allocated to US for an extra .02% against using the 90/10 split so for some that might be worth it. You can go on forever though! splitting down by region to shave off that extra .0000000001% :)

@karinekarano 9 ай бұрын

Great content as always. I looked on 212 for the invesco fund and it came up with three different ticker symbol options ? Which one is the distribution option ? Many thanks.

@NightElff88 8 ай бұрын

The one with (Dist) in the name.

@karinekarano 8 ай бұрын

@@NightElff88 it didn't state dist or Acc. On 212 ?

@martinfarrow2825 9 ай бұрын

Will you be transferring your sipp to invest engine when they open there sipp accounts ?

@DamienTalksMoney 9 ай бұрын

I will wait to see what the offering looks like first and honestly i would want IE to be a bit longer in the teeth before i moved my biggest asset to them

@TheRealMerl 9 ай бұрын

My favourite youtuber is back with more fantastic content - such a Legend

@DamienTalksMoney 9 ай бұрын

Thank you!

@richardmcgreary6368 6 ай бұрын

Great video! I'm new to all of this but I followed along just fine 😊❤

@kaiseroscar101 4 ай бұрын

What platform can you buy the invesco ftse all world ucits etf on? Couldn't find it on ii 🤔

@lalalar8434 4 ай бұрын

Trading 212

@overripe 9 ай бұрын

Somehow, I like this chap and what he says.

@DamienTalksMoney 9 ай бұрын

😊

@halamrose3372 3 ай бұрын

I've recently discovered you Danien and value your content. The Investco ETF uses sampling rather than buying all the stocks in the index. What are your thoughts on this strategy? I apologise if this question has been asked, it seems hard to search comments on a video.

@kenny6744 7 ай бұрын

Hey guys I’m just new to investing and a lot said on this video went over my head. Is it still safe to invest in vanguard and how much would you recommend putting down monthly

@user-hp9eg3gf6s 5 ай бұрын

If you add a little more small cap and exclude small cap growth you do expect higher returns LONG TERM but also higher risk BUT better risk to reward ratio ! You might want to look at factor investing!

@marklydon435 9 ай бұрын

That Invesco ETF has an indicative spread of 0.27% so factor that in as well, but at least that is only one hit when money goes in and not yearly.

@AG-so4gl Ай бұрын

VOO is all you need

@BrainHarrow Ай бұрын

@@ReyanBenson I recomend Svetlana Sarkisian Chowdhury

@CatherineAlas-ys8rn Ай бұрын

@@BrainHarrow WOW!! My advisor for 4 years now has been this same "Svetlana Sarkisian Chowdhury😊

@BrainHarrow Ай бұрын

I found her on Bloomberg where she was featured, but you can easily look up her name on the internet.

@tawood2014 13 күн бұрын

"Svetlana Sarkisian Chowdhury" 🤣How do you guys come up with these names? 🤭

@flo3467 4 күн бұрын

I recommend Uranus

@gjcroudace 5 ай бұрын

Love your channel, you give great advice, thanks so much, I really appreciate it.

@DamienTalksMoney 5 ай бұрын

My pleasure! I hope the videos help you with your own research. Have a lovely weekend! Damo

@lawrencer25 9 ай бұрын

Fabulous video. Thank you ❤❤❤

@glennwhitlock1272 9 ай бұрын

Interesting. I especially liked those turquoise dresses.

@DamienTalksMoney 9 ай бұрын

Haha!

@michaelczarnecki7822 7 ай бұрын

whats the best global bond ETF at the moment?

@chasey2327 3 ай бұрын

great video - at 7:50 though you're either tricking us or i'm colour blind as that looks blue not green to me lad...was that a 'peer pressure test'?!

@mysteries2solve 9 ай бұрын

What happens to your money if a fund gets shut down?

@alf_lim 9 ай бұрын

Thanks Damien, once again, for this informative video. Btw, love your studio set-up and the new visual effects you used on your video!

@DamienTalksMoney 9 ай бұрын

Thank you mate glad you appreciate the recent upgrades!

@willadye6033 3 ай бұрын

So your telling me there’s absolutely no difference between the invesco 0.15% fee and the VWRL 0.22%, only difference at all is the fees?

@benedictvanheems 9 ай бұрын

Really helpful Damo, cheers for this!

@DamienTalksMoney 9 ай бұрын

Thank you!

@peteturner8493 8 ай бұрын

FWRG appears to be at a high point so would it be better to wait for a price drop...am new to ETF's?

@simoncorke1496 9 ай бұрын

Hi. I have a limited company and would like to use the capital in there to trade. Can I do this without taking money out of the limited company in to my personal account?? Thanks

@rollthetape88 7 ай бұрын

HMRC doesn’t think fractional shares qualify as ISA holdings. how will thic change the practise of using T212 or Freetrade to buy the accumlilation version of an ETF?

@blink182joel 5 ай бұрын

Great video, thanks. I found this one: SWLD, which has a fee of 0.12% and very high liquidity. Is there something in the ETF that you mention, that would be perhaps a better choice? Or something in SWLD that is a red flag, in your opinion?

@jasonbrodie4827 2 ай бұрын

I've also been wondering why people don't talk about SWLD more.

@NedFlanders39 9 ай бұрын

Watching on my phone so was too lazy to check, but did you include vanguards £375 fee cap in your fee example?

@waynemay7327 9 ай бұрын

He's not talking about that 0.15% fee. He's talking about the ongoing charges fee which is a different charge. There are also transaction costs.

@NedFlanders39 9 ай бұрын

@waynemay7327 ah okay. surely talking about the 375 cap is the most important part when discussing any fees for the long run though

@sid35gb 6 ай бұрын

@@waynemay7327transaction costs are optional on vanguard. Buying a spot price you’ll be charged. If you just ask vanguard to do it as part of their daily transactions it’s free.

@rw6039 Ай бұрын

Great video. Regarding the fees section, where it states the vanguard fee is circa £32k on a £745k portfolio. When is the £32k charged? It is when you withdraw the portfolio from the account?

@lIRhYsUKIl 9 ай бұрын

Watching your channel grow has been brilliant, love the editing.

@DamienTalksMoney 9 ай бұрын

Thank you! Glad you enjoy the editing it’s what I spend 80% of my day doing 🤣

@noturauntie4784 8 ай бұрын

Did you mention the ticker? I see two with the same name

@muffemod 3 ай бұрын

cream

@matthewstoner610 9 ай бұрын

Hi Damien, love the videos and have really gained more confidence in my financial decisions following them! Using IE for my S&S ISA this year, what are your thoughts on their upcoming SIPP? Like Vanguard, they are to follow suit with 0.15% platform fee but a lower cap at £200!

@droltd8756 7 ай бұрын

If only starting investing would the Investco be the best to all in for?

@AndrewGill73 5 ай бұрын

OK, just be careful of the tracking errors. Sometimes a ETF with a low fee is because their sampling methodology/technology is inferior resulting in significant underperformance to the index it's designed to track. Importantly Invesco FWRG has 799 holdings whereas Vanguard VWRP holds 3,633 holdings. So this explains why the fee is lower - it's the sampling methodology. Time will tell.

@ggzii 9 ай бұрын

I want a vanguard option that lets me take my money out when i want. Any ideas for a nooby

@DamienTalksMoney 9 ай бұрын

All of them allow you to do this mate

@markwingfield7704 3 ай бұрын

Thanks for making this video mate . Can I ask where do you read up on the markets and how do you find the info about the fund ? Thanks in advance

@blumousey 9 ай бұрын

There is actually an EVEN more inclusive index than the global allcap. It's called the 'ftse global total cap'. This also includes micro-cap stocks! Would be interesting if a fund came out that somehow included these...would it be worth it?

@wololo4761 9 ай бұрын

Probably not. The simple reason being that any individual microcap stock would likely have such a small impact on the fund total value that it would have negligible effect.

@Desuetus 8 ай бұрын

The spread is a hidden cost. On Vanguard it's 0.03, on Invesco 0.29. What you're gaining in total expense you're loosing in spread.

@zanmatoshin877 3 ай бұрын

What is spread??

@Desuetus 3 ай бұрын

@@zanmatoshin877 Difference between asking price and bidding price of a stock. It indicates liquidity. Like when you buy or sell a currency, you see a small price difference.

@maltesetony9030 9 ай бұрын

Another excellent video.

@my7username7is 9 ай бұрын

I think if you live and work in the UK, it makes sense to invest in funds that exclude UK. If you look at your finances as a whole (salary and house etc), you're probably relatively overinvested in UK

@lechprotean 9 ай бұрын

@@Gjudxdkjyzddhjnr7091 yeah, I do not live in the UK and the strategy worked great for me too

@83craigshag 9 ай бұрын

Provably best not to take financial advice from a youtube post... my uk investments have done really well the the past few years

@roccostiff2444 8 ай бұрын

@@83craigshagcan I ask how you invest in the UK coz the only thing that makes sense for me In this poxed country is Bonds 🤷‍♂️ lol

@brianaaustin9484 Ай бұрын

Thanks!

@FinancialThing 7 ай бұрын

Great video Damien. Lower fees are always better. The only downside to the Global Tracker is my Fidelity Global tracker has under-performed my Fidelity US tracker by 14% over the last 4 years. They both have very low fees (Global 0.12% and US 0.07%).

@seftedder3641 2 ай бұрын

Does it not matter that this Invesco fund is traded in USD from a UK investors point of view (if held within a stocks and shares ISA)? Genuinely curious.

@coderider3022 2 ай бұрын

FWRG is the lse listing which is gbx. Almost all base currencies are usd.

@joashdryburgh9262 9 ай бұрын

Cheers Damo, in terms of your editing and scripting, this has been the best video yet 💪 Question for you and other viewers... Do you all focus on maxing out a S&S isa for your isa allowance or do you split your isa allowance between S&S and Cash ISA, especially now with higher interest rates? Thanks in advance.

@johnsealy4957 8 ай бұрын

Yes, I have to agree. The video editing is slick.

@lawrencer25 9 ай бұрын

Where can I find information about Trading 212 business accounts for limited company? Thank you

@simondennis262 4 ай бұрын

Did you find out? Damien mentions Invest Engine and it seems Interactive Brokers offer accounts for Limited businesses too. Would be great to see a video of what the options are for a Limited business. I'd trying to find a provider that offers a competitive global index fund for ISA, LISA and Limited business so I dont have to deal with lots of different providers

@harryheavens8929 9 ай бұрын

This guys ability to frame a narrative makes his videos so engaging

@DamienTalksMoney 9 ай бұрын

Lovely feedback thank you

@ellleigh1216 7 ай бұрын

Ive added this to my portfolio, just a really simple 3 fund portfolio, vanguard s&p, invesco nasdaq 100 and invesco all world. All acc and looking to just set and forget for the next 30 years, dollar cost averaging. I have a question though, why would someone choose index funds over ETFs?

@mitnoxin 5 ай бұрын

I note that Trading 212 appear to have the wrong KID linked to this fund stating that the charge is 0.22% (it's the Vanguard equivalent fund) . Not very helpful!!

@dobianuli2742 9 ай бұрын

I like your videos- I don’t understand much of it but I enjoy them

@franksfortnitegamingchanne4229 9 ай бұрын

What is the ticker of the Invesco fund please

@richardattridge3182 8 ай бұрын

FWRG Acc

@RickSanchez-dn6rd Ай бұрын

Probably a really stupid question here & sorry in advance if it is obvious. If I buy shares that stipulate I do not get the dividends but they are automatically reinvested to reap the benefits of compounding, this will obviously grow the assets effectively over time. But: When it comes to a certain point where I feel I have reached my goal & want to receive the dividends myself, Would this mean I need to sell the shares that are automatically reinvesting in the capital, and swap them out for ones that pay me personally? Which makes me think: Why not always buy the version of the share that pays me and manually reinvest instead ?