Basic advice needed

jampratt

So ive just had the latest valuation from this, £16,707 including £2,254 in the cash balance.

BP 865shares, price£4.55, bookcost£4987, value£3935
Mondi PLC 22shares, price£6.47, bookcost£93, value £142
Anglo American 81shares, price£31.16, bookcost£2119, value£2523
Glaxo 210shares, price£13595, bookcost£3079, value£2854
Vodafone 2760shares, price £1.648, bookcost£3991, value£4548
Lloyds 251shares, price £0.4775, bookcost£3506, value£119
RBS 866shares, price£0.3785, bookcost£4083, value£327
Cash £2254.

I think i am going to reinvest the cash balance into Shell and Aviva, Is it just a case of ringing the company up and instructing them over the phone? also the management fee is approx £100 every 6months, is this the norm? the company its held with is WH Ireland. TIA

atush

I would think twice about AVIVA. I have held them for a number of years and they aren't up to much. I would choose Shell (which I also hold ) and Glaxo instead. But you do already hold BP so are exposed to oil there.

Consider some invt trusts instead perhaps such as Black Rock World mining, Eastern European Trust, whatever you research and like as they are in volatile areas such as mining and emerging markets but also are collective and dont usually take huge hits like individual shares (consider your BP shares that took a huge hit after th gulf oil spill). You could also go for more conservative trusts like Perpetual income and growth if you want to reduce downside risk. but some ISAs have high costs for holding inv trusts so you could consider comparabel OEICs instead of trusts (which I prefer as charges tend to be lower).

Holding collective funds tend to be safer than individual shares like you already have there.

kidmugsy

Or, take money out.

ns&i Index-Linked Savings Certificates: up to £15k
gold sovereigns.

Or even: keep half the money in the ISA and put the other half to my scheme and see after 5 years which has done better. That might be an education cheaply bought.

jampratt

jampratt wrote: »

So ive just had the latest valuation from this, £16,707 including £2,254 in the cash balance.

BP 865shares, price£4.55, bookcost£4987, value£3935
Mondi PLC 22shares, price£6.47, bookcost£93, value £142
Anglo American 81shares, price£31.16, bookcost£2119, value£2523
Glaxo 210shares, price£13595, bookcost£3079, value£2854
Vodafone 2760shares, price £1.648, bookcost£3991, value£4548
Lloyds 251shares, price £0.4775, bookcost£3506, value£119
RBS 866shares, price£0.3785, bookcost£4083, value£327
Cash £2254.

I think i am going to reinvest the cash balance into Shell and Aviva, Is it just a case of ringing the company up and instructing them over the phone? also the management fee is approx £100 every 6months, is this the norm? the company its held with is WH Ireland. TIA

So i opted to buy more Glaxo shares and Tesco.
I got 85 Glaxo @ £13.44, with £30 comm, £15 compliance charge and £5.71 Transfer stamp.Total cost £1193.47.
I got 300 Tesco @ £3.9, £30 com, £15 complaince charge and £5.98 transfer stamp. Total cost £1246.60.
Are these charges a norm across the board for this type of transaction?

BLB53

Are these charges a norm across the board for this type of transaction?

£30 per deal to buy/sell is v expensive. If you are likely to be dealing on a regular basis, you might consider moving the ISA to an execution only online broker like Interactive Investor (www.iii.co.uk). They charge £10 per deal and no management fee so it would work out much cheaper in the long run. With e.g. 10 sale/purchase per year you would save £200 plus £200 management fee - so quite a difference!

atush

Just off the top of my head, the glaxo and VOd shares have good dividend yields. I hold them so know. You could look upo the yields on the others.

jampratt

BLB53 wrote: »

£30 per deal to buy/sell is v expensive. If you are likely to be dealing on a regular basis, you might consider moving the ISA to an execution only online broker like Interactive Investor (www.iii.co.uk). They charge £10 per deal and no management fee so it would work out much cheaper in the long run. With e.g. 10 sale/purchase per year you would save £200 plus £200 management fee - so quite a difference!

I dont think i will be dealing on a regular basis though this may change in the future but if there is no management fee with iii then it still may be worth switching it but is there any costs involved when transfering? TIA

Also Atush Glaxo, Vodafone do seem to pay good dividends as do BP and Anglo American and i presume Tesco will pay dividends also. Ta.