The Share Centre for holding unit trusts/OEICs for a flat fee

Mattygroves2

Porcupine wrote: »

that's 3.6 deals a month, every month, for 10 years. Do you really do that?

Yes - 4 a month for the last 5 years at least (regular drip feeding) but then my portfolio is worth more than £50k. Having crunched the numbers (and assuming HL don't come up with super super clean funds) then iWeb will get my unwrapped share only account and Share Centre will get my fund / share ISA. Total cost about £175 a year and clean funds as well.

Glad to have this site to help out with the various permutations though. Not sure I would have got to the same answer without it.

Imnoexpert_2

I split my annual isa into five funds and also make a couple of lump sum investments each year, again splitting between four or five funds so that is about 15 trades a year. I should probably also change a few poor performers each year so I reckon 20 + trades! and of course an exit cost when I cash in. I'm thinking of II so this could be £250 a year in addition to the flat rate fee.

I have calculated that I need to move from HL and having requested and received a fee statement from them see that being with them has been very costly and even after they introduce the new charging structure I will save lots. There will now be a pressure to hold fewer funds and deal less often but of course this is the tail wagging the dog!

planteria

ChesterDog wrote: »

The dealing charges have a 30% discount if you hold 500 of Share PLC shares.

that's an interesting idea. a good £121.25 investment i'd have thought. reminds me of my Dad receiving his HL statement, after missing out on most of the rise of Thomas Cook, looking up HL info on his new iPad (he's 78 and just discovered the internet:)) and saying, "the only people making any money in this game are Mr Harg and Mr Lan". owning a slice of your broker seems quite a good idea to me.

planteria

Mattygroves2 wrote: »

...and Share Centre will get my fund / share ISA. Total cost about £175 a year and clean funds as well.

with a view to holding what in your ISA? Funds only? Shares only? or Funds and Shares?

Mattygroves2

planteria wrote: »

with a view to holding what in your ISA? Funds only? Shares only? or Funds and Shares?

Actively managed funds and shares. About £200k in total with £40k ish in shares. I drip feed each month into 4 funds and make about 2 share purchases a year so II is going to be expensive for me even with the trading credits.

I'm also thinking about Trustnet but think they'll run out of time as I want to limit my HL exposure.

planteria

Mattygroves2 wrote: »

Actively managed funds and shares. About £200k in total with £40k ish in shares. I drip feed each month into 4 funds and make about 2 share purchases a year so II is going to be expensive for me even with the trading credits.

I'm also thinking about Trustnet but think they'll run out of time as I want to limit my HL exposure.

thanks Matty.

my ISA is currently worth c55k, with roughly 33k in shares (7 holdings) and 22k in funds (4 holdings). to be honest, i find it hard to predict how much trading i will do. i buy for the long-term, but tinker if i think it's not quite right or if something comes along that i reckon i ought to be invested in. i tend to pay in my ISA allowance as one lump sum & invest it in one go.

https://www.share.com/accounts/isa/self-select-stocks-and-shares-isa/costs-and-dealing-options/

capping dealing commission at £7.50 (or £5.25) seems a good idea, but obviously comes at a cost of £96/year.

can anyone tell us whether The Share Centre allow charges to be taken from outside of the ISA wrapper?

avfc1982

Mattygroves2 wrote: »

Actively managed funds and shares. About £200k in total with £40k ish in shares. I drip feed each month into 4 funds and make about 2 share purchases a year so II is going to be expensive for me even with the trading credits.

I'm also thinking about Trustnet but think they'll run out of time as I want to limit my HL exposure.

Why not move to quarterly drip feeding to keep costs down? £1.50 a trade with III so £6 a fund per year. Not too expensive (depending on how much you're contributing).

You can specify on III's regular investment form that you want to contribute quarterly. Just done it myself with my SIPP so you don't need to worry about turning it off or on each month.

Mattygroves2

avfc1982 wrote: »

Why not move to quarterly drip feeding to keep costs down? £1.50 a trade with III so £6 a fund per year. Not too expensive (depending on how much you're contributing).

You can specify on III's regular investment form that you want to contribute quarterly. Just done it myself with my SIPP so you don't need to worry about turning it off or on each month.

Does that work with funds though - the way I read the II website the £1.50 only applies to shares,ETFs and ITs ?

cloud_dog

Mattygroves2 wrote: »

Does that work with funds though

Are there Investment Trusts or ETFs the equivalent of your Funds that you could/would swap in to?

planteria

planteria wrote: »

can anyone tell us whether The Share Centre allow charges to be taken from outside of the ISA wrapper?

can anyone confirm this?

and can US Shares be held within an ISA with The Share Centre?