Stocks & Shares ISAs

carrollp

scasra said:

Hello Everyone, I'm just looking for some hints or tips:
I have a cash ISA with santander (54K) and willing to swap it to a S&S ISA right now, because the interest is near to nothing and I'm willing to risk it anyway. I can also add an extra 20K now for this year contribution as well. I check some provider and based on my plan (some funds and a few shares with 1-2 monthly trades) the best opportunities i find: ii, iweb or cavendish.
- How long it takes to transfer the cash ISA to the new account? (approximately)
- Is it better if I open my new S&S ISA then add the 20K first, then transfer the cash ISA afterwards?
Thanks guys for the answers, ideas or even other good providers.

It will take a few weeks (Fidelity say up to 6) to transfer your Cash ISA. 
I agree that in the long run (5+ years) S&S will be better than Cash but obviously make sure you have an emergency fund of cash savings for a few months should you need it. 3-4 months wages at a minimum.
You could go all in with the 20K now but it's more likely that there will be a fall in the markets over the next few months that any major rebound. The markets were expensive before the March Sell-off so I would be surprised if they get back to that level soon. What I would think about is dripping say 4-5k in now and then repeat each month or when you are comfortable, in that way you are minimising the risks and would benefit from cheaper funds.
Think about putting a 5-10% into a Gold ETF as during the last recession Gold did well.
Good Luck.

Vale23rrr

I read the last few pages of this thread, and I didn't find nobody speaking about the platform trading212 ISA.
is there some motivations why nobody is using it ?

eskbanker

Vale23rrr said:

I read the last few pages of this thread, and I didn't find nobody speaking about the platform trading212 ISA.
is there some motivations why nobody is using it ?

There are a large number of S&S ISA providers out there, why do you expect there to be recent discussion about one of them in particular on a thread like this?

grumiofoundation

Vale23rrr said:

I read the last few pages of this thread, and I didn't find nobody speaking about the platform trading212 ISA.
is there some motivations why nobody is using it ?

You could also search the forum for previous discussions of Trading 212? If you have further questions, that are cannot be answered in the threads already started on the subject then start a thread yourself and I am sure some very knowledgable people will be able to answer you.

https://forums.moneysavingexpert.com/discussion/6142060/trading-212
https://forums.moneysavingexpert.com/discussion/6139972/trading-212-newbie
https://forums.moneysavingexpert.com/discussion/6092044/trading-212-isa/p1

george4064

Vale23rrr said:

I read the last few pages of this thread, and I didn't find nobody speaking about the platform trading212 ISA.
is there some motivations why nobody is using it ?

If you want to gamble a small proportion of your money for a ‘punt’ then feel free to use trading212, but if you want to build a long-term diversified portfolio that will require minimal on-going work then you should use a reputable investment platform. 

As eskbanker said there are loads of ISA investment platforms out there, even loads of reputable ones but good names include AJ Bell YouInvest, Hargreaves Lansdown etc..

bogleboogle

Hi guys, asked this on a separate thread but figure might be worth asking here too: thoughts on FTSE 100 vs FTSE 250 (as a compliment to the GAC, all on Vanguard)? Thanks 

dunstonh

bogleboogle said:

Hi guys, asked this on a separate thread but figure might be worth asking here too: thoughts on FTSE 100 vs FTSE 250 (as a compliment to the GAC, all on Vanguard)? Thanks 

I wouldnt go near the FTSE100.      FTSE all share for your core UK allocation and a small/mid cap managed fund for the satellite holding.

bogleboogle

dunstonh said:

bogleboogle said:

Hi guys, asked this on a separate thread but figure might be worth asking here too: thoughts on FTSE 100 vs FTSE 250 (as a compliment to the GAC, all on Vanguard)? Thanks 

I wouldnt go near the FTSE100.      FTSE all share for your core UK allocation and a small/mid cap managed fund for the satellite holding.

Thank you for your comment.
There seems to be a lot of animosity towards the FTSE 100, why is that? The annualised returns of the FTSE 100 over the past 20-25 years are pretty respectable and on par with other FTSE indices and the FTSE 100 is certainly not overvalued (lower P/E ratio than other indices). This is more speculative but if you don't see the pound experiencing a resurgence in the future then it seems a good option as most FTSE 100 companies get their earnings abroad so benefit from a weaker pound. 

carrollp

There seems to be a lot of animosity towards the FTSE 100, why is that? The annualised returns of the FTSE 100 over the past 20-25 years are pretty respectable and on par with other FTSE indices and the FTSE 100 is certainly not overvalued (lower P/E ratio than other indices). This is more speculative but if you don't see the pound experiencing a resurgence in the future then it seems a good option as most FTSE 100 companies get their earnings abroad so benefit from a weaker pound. 

It's mainly for the reason you cite. The FTSE 100 is skewed towards international Companies whereas the 250 or All Share is more representative of the UK economy, if this is what you want.
https://www.ftadviser.com/investments/2019/10/24/should-you-invest-in-ftse-100-or-ftse-250/
 Bear in mind that the UK only makes up about 5% of the Global Economy vs 54% for US so if you want a properly diversified portfolio some would suggest that you do not over expose yourself to any one region, especially your home region, as it helps you hedge against local recessions.

bowlhead99

bogleboogle said:

dunstonh said:

bogleboogle said:

Hi guys, asked this on a separate thread but figure might be worth asking here too: thoughts on FTSE 100 vs FTSE 250 (as a compliment to the GAC, all on Vanguard)? Thanks 

I wouldnt go near the FTSE100.      FTSE all share for your core UK allocation and a small/mid cap managed fund for the satellite holding.

There seems to be a lot of animosity towards the FTSE 100, why is that? The annualised returns of the FTSE 100 over the past 20-25 years are pretty respectable and on par with other FTSE indices 

The FTSE100 over the last 25 years is up 300-400%. However FTSE World is in the 600-700% range while UK FTSE250 is in the 800-900% range.  So it is not really 'on par with other FTSE indices'. 

It is not a huge amount lower than the FTSE All-Share, but that's because the All-Share is made up of around 80% FTSE100 and only 20% FTSE250/smallcap, so in a given time period it will give a return very heavily weighted to the FTSE100.  That doesn't mean that the FTSE100 is good because it's 'similar to other FTSE indexes'. It's similar to the All-Share because it is most of the all-share. It lags the 250 and Small Cap by quite some way over long time periods.  Stands to reason given the types of companies that have ended up being the biggest on the UK stock exchange after many decades are the slow growing leviathans such as oil and resources giants, big banks and pharmaceutical companies or global manufacturers of mainstream consumer products.  The more interesting and more UK-focused companies are found at smaller market-caps and arguably have more potential.

This is not to say that 'the footsie' will always lag UK small and mid sized companies or will always lag the US or emerging markets, but it has not been a very exciting place to be over the last couple of decades and you are flattering it if you say 'ah well, it didn't do a huge amount worse than the All-Share', because its performance is the thing that relatively speaking, has been holding back the All-Share.

https://research.ftserussell.com/Analytics/Factsheets/Home/DownloadSingleIssue?issueName=ASX&IsManual=false