Halixfax sharebuilder vs discount brokers for investing?

cashbackproblems

silentjay wrote: »

Thanks for the heads up on HSBC tracker fg22 ill check it out...although I have read somewhere that it doesn't do a very good job of tracking the index?

cashbackproblems I took alook at iii.co.uk, they look pretty good, i checked out their offering on the fidelity moneybuilder uk index and they have no charges, so I'd only lose the 0.1% management fee, atleast until next summer. Which is better than H-L.

Now correct me if I'm wrong but if I'm investing say £100 every month, and iii.co.uk charge £1.50 per trade until next summer, wouldn't this mean I'd end up paying 1.5% anyway every month? And so therefore more expensive than H-L for what I want to do...which is basically put away £100 a month and have it automatically invested for me?

nope, if you take another look it is FREE until next summer to invest in advance, that £1.50 charge was what they previously charged.

http://www.iii.co.uk/sharedealing/?type=portfolio

silentjay_2

thanks for your reply cashbackproblems, thats the page i checked out, its says at the top "for FREE until 30 June 2010 and for just £1.50 thereafter". surely that means after June i'd get charged 1.5% of every £100 I invested every month? although they do sound good if I were to make less regular larger trades

cashbackproblems

Oh sorry i forget ur looking at investing tht amount over a long period of time in which case you should go for something else!