Transferring a stock ISA

[tali1]

I have a Fidelty Wealthbuilder which i want to ditch as it it has not performed well.Trouble is , i am not keen on transferring a large lump sum into another fund as i want to benefit from pound cost averaging.
Should i invest 2 new funds x£2500 or even 5 new funds x£1000 ?- although i already have 3 funds running and potentially having 8 funds, lessens the monthly amounts i can invest.

[alavahalf]

The only way to benefit from pound cost averaging is to drip feed a fund over a longer period... if you break up your lump sum into smaller amounts and invest over a short period. It will be just the same as making a lump sum investment.

[alavahalf]

Sorry I should have attached this to the previous answer...

http://www.morningsta...=53644&categoryID=240

[tali1]

Thanks but it doesn;t directly answer my question

[BenDToy]

It isn't very clear what your question is. Are you transferring the money from your Wealthbuilder to other funds and you want to do it in small amounts to benegit from "pound cost averaging"? If this is the case then in my opinion you would be wasting your effort because any potential benefits would be outweighed by the fact that you are selling one fund and buying another so the effect is cancelled out. And why does the number of funds lessen the monthly amount? You need to explain things more clearly.