Best place for S&S ISA but with small amounts

SteveSilva

HI guys I want to open a stocks and shares for the new tax year, however I do not have much money to invest. What I would like to do is deposit small amounts of money say anything from £50-£150 every quarter or so. I am not sure though what is the best way to go, I dont want to have to pay a great deal in fees for such amounts of cash.
What would be best, Investment Trusts, or OEIC/Unit trusts/etf's etc.
Which platform would be best?

Thanx

plunt

well suppose it depends what you are after investing in?

individual stocks or funds?

on those smaller amount you may want to consider a regular investor type of account with companies such as iii

http://www.iii.co.uk/trading/share-dealing/how-do-i-invest/portfolio-builder

plenty of companies offer similar and sure tons of other people will jump on this with alternatives

best of luck

P

jimjames

Hargreaves Lansdown are good if you don't want trackers, no fees other than the fund management charges unless you buy shares.

Outside an ISA investment trusts are cheap way to get access to shares but generally inside an ISA the charges are higher than for funds.

Eponym

jimjames wrote: »

Hargreaves Lansdown are good if you don't want trackers, no fees other than the fund management charges unless you buy shares.

Outside an ISA investment trusts are cheap way to get access to shares but generally inside an ISA the charges are higher than for funds.

You can set up Hargreaves Lansdown to pay monthly, but the minimum is £50 per month and you can't do it quarterly.

SteveSilva

IT's generally perform better don't they?

I do have an ISA with HL where I had some money in the HSBC 250 tracker but their £2 per month charge would start to bite into my £200 total.

Lansdowne

For just a small amount being invested in shares or funds, I can't see the advantage in going into an ISA rather than a straight investing account with HL if you already have an account with them, or another online broker. The tax you'd be saving in the ISA is either nil or minuscule.

plunt

Lansdowne wrote: »

For just a small amount being invested in shares or funds, I can't see the advantage in going into an ISA rather than a straight investing account with HL if you already have an account with them, or another online broker. The tax you'd be saving in the ISA is either nil or minuscule.

I agree in part but it also is good to get in the habit of saving into an ISA. You are also far less likely to withdraw from it as you know you can re-input it into your isa.

the actual figures though do seem that you dont fully need an isa. though still think it is a good idea.

psychic_teabag

I think iii allow funds to be purchased in small increments (£20 ?)

SteveSilva

I am not sure whether to invest in Investment Trusts or actual funds, I am willing to take moderate risks and want to put money into emerging markets and natural resources as well as European and American markets.
Are there advantages of regular investing accounts rather than an ISA?

SteveSilva

psychic_teabag wrote: »

I think iii allow funds to be purchased in small increments (£20 ?)

Thanks is that subject to a charge, or a monthly direct debit?

psychic_teabag

Sorry, not sure. Don't think there's a charge. Saw it mentioned on the monevator blog where he obsesses about keeping costs down.

eg
http://monevator.com/2011/01/06/passive-investing-model-portfolio/
http://monevator.com/2012/01/17/how-to-invest-on-a-budget/