Shares Isa investment help

Tichall

Hello, I'm pretty new to all this.
I'm husband has been badgering my to use my isa allowance.
I want to buy some shares, but I want to buy them in a shares isa.
However I also want a fund managed shares isa too.
Is it possible to have both?
I would like to have control over my own shares, but not have to pay capital gains ect...
However I would like the fund isa as a long term steady investment, by a manager who knows what he is doing (hopefully).

Would appreciate the advice.
Thanks

Sanchsoot49

Hi

You can hold both shares and managed funds within a stocks and shares ISA. The ISA element is the tax free "wrapper".

Maybe do some reading round the subject and start with funds rather than pitching straight into share dealing?

Hope this helps.

dunstonh

Is it possible to have both?

yes. There are platforms that are able to do both (most modern ones do although some are still focused on funds rather than shares)

Tichall

Hi thanks for the reply.
On what kind of platforms can you do both?
I'm of to a fa to sort this out next week.

Linton

Tichall wrote: »

Hi thanks for the reply.
On what kind of platforms can you do both?
I'm of to a fa to sort this out next week.

Most of the large ones you see mentioned in this forum handle both shares and funds and some far more esoteric investments. Hargreaves Landsdown (H-L), iii, Youinvest, Bestinvest for example.

The only ones that dont that I know of are Fidelity (funds only) and Stocktrade (shares, bonds etc but no funds).

dunstonh

I'm of to a fa to sort this out next week.

If you are using an adviser then the adviser will recommend the platform (assuming its an IFA or restricted adviser with no restriction in platforms). The platforms an adviser would use would be different to the DIY market. So, do you intend to DIY or use an adviser?

ViolaLass

Are you really investing enough for it to be worth getting an FA involved?

pip895

ViolaLass wrote: »

Are you really investing enough for it to be worth getting an FA involved?

I agree - take a look at http://www.hl.co.uk/ or one of the others HL has a nice site and helpful people on the other end of the phone, it is all quite straightforward setting up an isa. HL aren't the cheapest and haven't yet come clean about there post RDR pricing, but they are still much cheaper than going through an IFA.

dunstonh

HL aren't the cheapest and haven't yet come clean about there post RDR pricing, but they are still much cheaper than going through an IFA.

On small amounts yes. On large amounts they are not.

gadgetmind

I fully agree that you shouldn't yet be buying single company shares, or even Investment Trusts, not until you have learned a lot more than you do now. This isn't hard but it will take a few hours of reading.

You particularly need to understand the different kinds of what are generically called "collective investments", a fair bit about asset allocation, and about volatility and risk.

Are you happier with reading 1 or 2 books or with online resources?

jimjames

Tichall wrote: »

I want to buy some shares, but I want to buy them in a shares isa.
However I also want a fund managed shares isa too.
However I would like the fund isa as a long term steady investment, by a manager who knows what he is doing (hopefully).

Or buy an index tracker fund so you don't need to worry about selecting a manager that knows what they are doing - the fund just matches the market.

Unless you know what you are doing I would avoid buying individual shares - what criteria are you intending using to buy them? You can put your money into a S&S ISA before April and trade from within that but it isn't something I'd suggest to anyone who is new to investing.