Are there many that do? In the case of HSBC you have to sell the holdings with risk profile A to then buy risk profile b for example.
I’m not sure how good it would be to allow people to easily change profiles. Couldn’t they lose more money this way by, for example, switching profiles often.
Wonder if it will prevent a level of friction to support informed actions here.
Who’s they?
I don’t see any issue with allowing easy risk profile change. With Vanguard you just say you want to swap to a different fund and they do the selling and buying in the background all you see is that one day the fund changes.
Possibly, but it’s your money to lose, not Monzo’s.
I’m just thinking if someone was, hypothetically, doing this on a day that their fund was lower than then had invested at, they might have been better leaving it in the risk profile it was at.
It’s interesting to hear others allow it too.
But that’s a decision for them they are warned about.
Apologies if this is mentioned previously. But I’ve been playing with Investments a bit recently, and I’m not finding the default graph particularly useful.
Having it based purely on monetary value rather than percentage means it’s only really useful if you’re constantly putting in similar sized amounts. Edit: Or a single lump sum that you didn’t touch afterwards.
If you deposit £50 x 5 and then £1000 x 1, the £50s would basically look like a flat line followed by a huge spike.
Similarly if you did the opposite, your £50 investments would barely register on the graph after the initial deposit of £1000.
I’d like to see a percentage gained/lost graph (excluding deposits/withdrawals) so I can actually see how my investment is performing.
Does anyone know if I open a general investing account just to have a look can I easily close it and open an ISA in April? Current ISA is with T212 and don’t really want to transfer it.
I’ve got both an empty GIA and empty ISA with Monzo so yes. I had £1 in my GiA for a bit before emptying it.
Can you easily close the GIA? I’d only want to open it to see how it looks/works before I commit to my ISA in April.
Also can you sell shares in the GIA and buy shares in the ISA with the money easily?
I’ve not tried closing it, I’m just leaving it empty.
Anyone? 
Don’t quote me, but I believe you can open as many ISA accounts as you want, just don’t deposit any money.
I was under the impression you have to deposite at least £1 in the Monzo ISA, is that not the case? 
I’ve not deposited any money in my Monzo ISA
I think I opened mine with a quid
Vanguard global all cap is all you need.
I opened it, it doesn’t actually ask you to deposit anything during sign up. 
Hello everyone 
I’m Tinashe, a backend engineer working on Investments. Just wanted to say a huge thank you for all your feedback so far.
We’ve been listening and that’s why today I’m excited to announce a highly requested feature - fund switching!
You can now change the fund your Investment Pot invests in
Picked the Careful fund but now feeling more Adventurous? You can switch from one fund to another in just a few taps.
How to switch fund
You’ll need to be on at least Android app version 5.46.0 or iOS app version 5.47.0.
Once you’re on the correct app version, head over to your Investment Pot and scroll down to the fund details section where you’ll see a ‘Switch fund’ button.
The value of your investments could go up or down and you could get back less than you put in.
UK residents only, Ts&Cs apply. You need a Monzo current account to use Investments.
Hey @tinashe … That’s great and the process looks really smooth…
I note it says a switch can take up to 8 days to complete… Can you elaborate on the background processes involved in switching funds? I guess it involves selling units in the existing funds and when that settles, buying units in the new fund? I’m interested in knowing how long each step takes to get to 8 days…
It’s not something I intend doing, but I anticipate a fair few customers flip flopping around 
Hey @caribo, glad you found the process smooth! 
Yes that’s correct, the current fund is sold first and then the new fund is bought. It can take up to 8 days due to weekends and bank holidays, but it should typically be quicker than that.
