Which company should I open my S&S ISA in?

smellymel222

Hi everyone,

I am wanting to start investing and have been reading up about it but I am confused about which company I'm best to open my USA with. I've looked at Hargreaves lanshown and like they set up but don't like that you have to pay the £2 platform fee for a lot of their trackers.

Also looked on cavendish online and are happy with their fees but I am not sure whether you can also buy individual company shares with them.

I am going to be starting off with fairly small amounts at first (as most of money is going on overpaying mortgage at moment) but do went to start off with a couple of trackers and maybe 1 or 2 managed funds and eventually buy shares as well

Also since new rules are coming in about fees, would ths stop a £2 platform fee being charged or will more companies start to do this?

Sorry for long post

innovate

http://monevator.com/compare-uk-cheapest-online-brokers/

smellymel222

Thanks for the link. I e been reading that website and find it really useful but I am still a little confused.

Can you buy shares in individual company's with isa wrapper with cavendish online?

jimjames

smellymel222 wrote: »

Thanks for the link. I e been reading that website and find it really useful but I am still a little confused.

Can you buy shares in individual company's with isa wrapper with cavendish online?

Do you already have any investments? I'm assuming not from your comments.

If not then I certainly wouldn't worry about buying individual shares when you are also talking about very small amounts to buy with. Cavendish is perfect for funds as currently about the cheapest you can get for small amounts..

Build up a portfolio of funds and once you have that then look at individual shares in future years.

saintalan

x-o has no charge other than £5.95 per trade

westy22

You can't buy funds with X-O and you can't buy individual shares with Cavendish/Fidelity.

If you want both then you need a general platform such as H-L, Bestinvest, and others.

Perelandra

smellymel222 wrote: »

Thanks for the link. I e been reading that website and find it really useful but I am still a little confused.

Can you buy shares in individual company's with isa wrapper with cavendish online?

Not individual companies, no. You can buy some ETFs (at a trading charge of only 0.1%, which is great value- if they have the ETF you want), but primarily they're for funds.

smellymel222

Thanks for your reply everyone. Looks like cavendish it is. Now to decide what funds to invest in!

innovate

You should do it the other way round - - first decide what funds you want, then decide on the platform.

monevator is another great resource for deciding which funds. http://monevator.com/category/investing/passive-investing-investing/

Though of course there are plenty of other websites where you can do your own research and building of a portfolio.

smellymel222

Thank you

I've looked at a website called fund expert.com and it gives each fund a star rating. Has anyone used this website?

innovate

Looks like some sort of scraping site to me, just pulling information from websites that will pay them a referral fee if anyone buys anything. Very unsophisticated, very unprofessional, and with almost certainty very highly biased.

I wouldn't even buy a can of baked beans through a website like this.