£300 a month in stocks/shares

sabretoothtigger

300 a month can buy shares directly, halifax charge about 1.50 for it with sharebuilder.
That doesnt help with the question of advice though, do IFA give share advice. Theres plenty free advice in the way of tips in newspapers, etc That only works if you can decide which is best yourself though

Actually you could do the sharebuilder to invest in ETF trackers and investment trusts run by companies like JPMorgan.
Both of these are run like managed funds, the trackers just follow an index of course. HL would cover both to some extent


I guess its cheaper to just send JPM the money directly instead of holding it like a share, not sure how their initial charge works

jamesd

Yes, you can do it relatively cheaply with Sharebuilder but lets say you want at least a minimal level of diversification and buy five shares a month. That's 2.5% in fees.

Or you can go with unit trusts, pay no initial cost and 1.5% or so a year while getting increased diversification and a professional manager watching over the investments.

Sharebuilder is particularly poor as an option for ETFs because of this cost issue. Buying tracker funds is a good deal cheaper.

Jake'sGran

accy wrote: »

What is the best stocks/shares isa out there that is not diy?

The Share Centre - just Google Share.com, will give some advice without charge but it would be good if you had some idea what shares to buy.

I have made some mistakes this year but recently I transferred a cash ISA to HL and after doing some research I chose four funds to invest in. When I had a look today each one had gained. Over the four it was just over 11%. But it you really prefer to buy shares some people are saying that Utilities are a good buy.

sabretoothtigger

buy five shares a month. That's 2.5% in fees.

Might be better in that case to alternate between 3 sets of 2 shares bought each month in that case - 1% fees.
This guy shouldnt be buying shares anyway by the sounds of it just saying it is possible

Personally I couldnt find a tracker fund for india when I was looking so I got the etf instead. Same for CRB.
Theres ETFs for kuwait and vietnam, pretty diverse stuff is available

dunstonh

bendix wrote: »

Apologies dunstonh. I forgot that it's a forum rule that you can't be shown to be wrong.

My sincere regrets.

So you think its a good idea for someone, with no experience of investments, to invest on a regular basis in stocks and shares for a period of just three years?

barny_100

bendix wrote: »

Guys, instead of pontificating and showing off your indepth knowledge of the tax intricacies of managed funds and ISAs, why not think a bit more about what the OP is asking.

Wouldn't it have been simpler to just send him to H-L, and tell him to ferret about a bit.

All this intellectualising has probably just put him off completely.

Anyone that says "long term i.e. 3 years" needs putting off for their own good frankly!

bendix

dunstonh wrote: »

So you think its a good idea for someone, with no experience of investments, to invest on a regular basis in stocks and shares for a period of just three years?

Doesn't it rather depend on their risk profile, something you often bang on about? I personally would for my profile, no problem at all.

You had no idea of this, nor their objectives.

But you blandly posted your response irregardless. Interestingly the OP immediately responded and said he would consider ten years.

happymoneysaver1

I just happened to stumble across this thread and was quite amused at how the topic has widely went off on tangents as to what the original post was all about. lol!!

Anyway, don't want to cause a fuss here but after reading all the advice on here I think I agree with dunstonh and the OP should be given advice on the differences between investing and saving especially if the goal is just 3 years time. A lot of the advice here is for worldwide funds which are more risky and tend to be favoured by maybe investors who have a bit of experience as they are more often that not categorised as adventurous on the "attitude to risk" ladder and that might not match what the OPs attitude to risk is. I think the Op should find a really good IFA, through word of mouth maybe or a friend who is maybe an IFA or even a tied FA and get them to explain the basics of investing and saving, the timescales involved and the actual realtime risk to his/her money and only then make an informed decision as £300 a month over 3 years is a lot of money to lose should a fund not perform as well as expected and investing for only 3 years does not give it a chance to recover.


Anyway, hope you make some money OP!!

StevieJ

jem16 wrote: »

You'll have to make your own decisions then as H-L is normally for those who want to DIY. They do have an advice arm but it's quite expensive.

They do multi-manager but obviously thje ccosts are higher.

StevieJ

dunstonh wrote: »

So you think its a good idea for someone, with no experience of investments, to invest on a regular basis in stocks and shares for a period of just three years?

Bendix causing trouble again :eek: he could create a row in a empty house