Stocks & Shares ISA

SnowMan

I have a sharedealing account with my own bank, First Direct which I find pretty useful to purchase ETFs. There is no holding charge or charge for the ISA wrapper, albeit I don't use the wrapper as my ISA investments are held elsewhere. The First Direct offering is fairly similar to the HSBC sharedealing offering I suspect. First Direct charge £11 for sales and purchases of LSE quoted shares which is not too bad for occasional purchases.

In terms of holding OEICs and unit trust funds (as opposed to shares or ETFs), First Direct don't offer a platform for holding funds, but I wouldn't use their platform in any case if they had one unless it was good value. I use other platforms for my funds. With HSBC charging a 0.39% platform fee for holding funds on their own platform the Global Investment Centre, it is unlikely to be suitable for many. But the HSBC sharedealing account (HSBC InvestDirect Plus) might well be OK albeit I haven't researched it.

It is certainly convenient to bank and have a sharedealing account with the same organisation, but that wouldn't be my main consideration in choosing where to open an account.

stinktankcynic

SnowMan wrote: »

I have a sharedealing account with my own bank, First Direct which I find pretty useful to purchase ETFs. There is no holding charge or charge for the ISA wrapper, albeit I don't use the wrapper as my ISA investments are held elsewhere. The First Direct offering is fairly similar to the HSBC sharedealing offering I suspect. First Direct charge £11 for sales and purchases of LSE quoted shares which is not too bad for occasional purchases.

In terms of holding OEICs and unit trust funds (as opposed to shares or ETFs), First Direct don't offer a platform for holding funds, but I wouldn't use their platform in any case if they had one unless it was good value. I use other platforms for my funds. With HSBC charging a 0.39% platform fee for holding funds on their own platform the Global Investment Centre, it is unlikely to be suitable for many. But the HSBC sharedealing account (HSBC InvestDirect Plus) might well be OK albeit I haven't researched it. UNQUOTE

I looked at HSBC this evening. The trackers I checked are showing as 0.25 on Cavendish. But am I right in thinking these funds done shortly through HSBC site will also come with another 0.39 on top? Will Cavendish then give a discount on this , when the new fee kicks in?

For all the people in the know here, what is the cheapest way/less hassle way of getting a s+s isa in say UK index trackers, euro trackers etc?

innovate

stinktankcynic wrote: »

what is the cheapest way/less hassle way of getting a s+s isa in say UK index trackers, euro trackers etc?

As already mentioned, check https://forums.moneysavingexpert.com/discussion/3153942

But you need to know what you want to invest in before you can sensibly select your platform.

waiax73

Considerable 6.7% on my S&S ISA in the last year

mark78_2

I opened up my first one in November and maxed it out on IT's and it's up over 15% (was 17% overnight...).

Andrew_Cottrell

pbouk wrote: »

just wondering what are the experiences of the forum members regarding stocks & shares isa?
have any of you made money, lost money or broke even?

I invested, inside & outside ISAs, in UK index tracker funds from late 1999 onwards until I withdrew the funds late last year. I made a total return of about 37.5%, but the annualised return was about 5%.

My cash ISAs, over the same period massively underperformed inflation. The ratio of S&S to cash was roughly 75:25. Overall my savings and investments roughly kept track with inflation, so the real return over 13 years was about 0%.

Just bad luck, I think. If I had started in 2003 rather than 1999, I would have done much better.

Doshwaster

waiax73 wrote: »

Considerable 6.7% on my S&S ISA in the last year

I'm currently showing 8% on my S&S ISA over the last 12 months. It would be higher if it wasn't for one dog fund that I'm holding in the hope that it picks up one day.

I'm adding a little to my cash ISA as a rainy day fund but most of my contributions are going to the S&S ISA.