stock and shares isa

dudkate

can anyone recommend a good performing stocks and shares isa please?

Aegis

dudkate wrote: »

can anyone recommend a good performing stocks and shares isa please?

The ISA itself doesn't really perform, it just shelters your investments from some taxes. You need to pick good investments to perform well.

dudkate

Aegis wrote: »

The ISA itself doesn't really perform, it just shelters your investments from some taxes. You need to pick good investments to perform well.

thanks for your message, but which is a good investment to go with? e.g scottish provident or cis?

thanks

Aegis

dudkate wrote: »

thanks for your message, but which is a good investment to go with? e.g scottish provident or cis?

thanks

Those aren't investments either, they're investment providers. The best provider is the one that offers the investments you're looking for at the lowest prices. For a list of investments, you could try the funds lists on Citywire.co.uk or trustnet.com.

dudkate

Aegis wrote: »

Those aren't investments either, they're investment providers. The best provider is the one that offers the investments you're looking for at the lowest prices. For a list of investments, you could try the funds lists on Citywire.co.uk or trustnet.com.

thanks for that, have just logged on to citywire and it looks a bit daunting! this is all a bit out of my league i think. basically i have some money which is at the money in a cash isa but i have been told to invest it in a stocks and shares isa but the finance man we use wants to charge me 3% which works out quite alot. so i do not know what to do now, any suggestions please?

dunstonh

basically i have some money which is at the money in a cash isa but i have been told to invest it in a stocks and shares isa but the finance man we use wants to charge me 3% which works out quite alot.

In any job where you get someone else to do it for you, it will cost you more. However, if you DIY and dont know what you are doing it can cost you even more if you get it wrong.

The fact you mention CIS and Scottish Provident suggests you are only looking at tied sales reps (i wouldnt use either). However, unless your investment is high enough, an IFA probably wont be interested. If you are doing the full £10,200 though, you may find a small local IFA that would do it.

There are around 2000 investment funds. CIS will have about 15. They will only recommend from their list. A bank will have 5-15 and again will recommend from their list. An IFA has whole of market. A IFA firm on the internet that lets you do DIY will have whole of market and be cheaper but YOU will have to pick the investments. You won't get any advice.

Sanzai

Also, in case whoever advised you to go into this didn't make it clear, as an investment there is a risk to whatever money you put into this - it is not like a regular account with interest where the capital is protected. If you don't have time to put some research into your decisions then as dunstonh says an IFA could well be worthwhile. As they will (or should) tell you though, even by following their advice there is no guarantee of return on an investment.

dudkate

thanks for your help on this. so what would you do as i have rung the halifax today as i thought they are a reputable place to put my money, although i know there are no guarantees. i might go with thier stocks and shares isa as i don't know enough to pick one myself. can you suggest any that are good? i have been onto moneysupermarket and looked at thier top stocks and shares isas, but not sure that is the right move???? help!!

dunstonh

i might go with thier stocks and shares isa as i don't know enough to pick one myself. can you suggest any that are good?

None of the Halifax ones. Banks and insurance companies tend to have expensive and low quality options and should be avoided.

Sanzai

dunstonh wrote: »

None of the Halifax ones. Banks and insurance companies tend to have expensive and low quality options and should be avoided.

Not least of which because there is an initial charge to invest (at least for many/most funds/OEICs that I have seen) which is often refunded/discounted when you self-select via a fund supermarket.

Personally, I went with Hargreaves Lansdown, and picked 3 funds that have shown a decent performance over the last 5-10 years (even despite the credit crunch), seemed to allow my portfolio to be diverse (thus reducing risk of loss) and are favoured by various online sources. I have only done this about 10 days ago and have no prior experience, so I am not one to start making recommendations to you about specific fund choices.

Happily enough, I currently have a profit of £45 on the total £3600 investment. Given the fluctuations I have seen in just 10 days though, I have no idea where things will be even a month from now. I've gone into this assuming that the money will need to stay invested for around 10 years.

Mr_h

Am I right in saying that there's no real advantage in having an ISA-wrapper if you were saving on a monthly basis with Accumulation funds?

Instead, having funds in an ISA wrapper is more advantageous if you are either choosing Income Funds, or if you know you will be exceeding your Capital Gains allowance in a given Tax Year??