Stocks & Shares ISAs

wmb194

gesdt50 said:

When folk or advice people of a financial background talk of been charged for selling a trade. Do they mean a single company trade sell like say Microsoft or a Portfolio of companies even with thousands can be defined as a trade?

A single financial security so this could be e.g., shares in an individual company, shares in a collective investment like an ETF or a unit trust/OEIC. A trade could encompass one share (unit) or millions. 

iWeb will charge £5 per trade. Many brokers have maximum value limits e.g., £50,000 per trade so to sell £100,000 worth of a particular security you might need to make two trades.

eskbanker

gesdt50 said:

"number of units of an individual entity", Is this like sub companies or a number of companies or brands under Microsoft, similar to Google owns YouTube and many more titles?

Not sure I'm really understanding your questions but I'm meaning the entity that you can invest in, so in this case either Microsoft shares or Alphabet ones (the Google parent that's the listed company).

gesdt50

Good day having invested a ot of time researching the lingo and many of the abbreviations, acronyms that traders, platforms or using, it's seems a steep learning curve and already has taken a gigantic amount of time, a quick question, do the platforms, traders ie. AJ Bell,  Iweb, Hargreaves, 212 send out as many T&C's updates as the banks do?

dunstonh

gesdt50 said:

Good day having invested a ot of time researching the lingo and many of the abbreviations, acronyms that traders, platforms or using, it's seems a steep learning curve and already has taken a gigantic amount of time, a quick question, do the platforms, traders ie. AJ Bell,  Iweb, Hargreaves, 212 send out as many T&C's updates as the banks do?

Probably.
You recently had the FCAs Consumer Duty, MIFIDII before that along with GDPR change, Brexit, RDR to name just a few things that would have required adjustments.

badger09

gesdt50 said:

Good day having invested a ot of time researching the lingo and many of the abbreviations, acronyms that traders, platforms or using, it's seems a steep learning curve and already has taken a gigantic amount of time, a quick question, do the platforms, traders ie. AJ Bell,  Iweb, Hargreaves, 212 send out as many T&C's updates as the banks do?

As a retail customer of multiple banks, Building socs, iWeb & HL, I would say no. IWeb & HL send me fewer communications of any type. 

MacLon

Very, very new to this but have about £50k I’d like to move into a managed S&S ISA with medium - high risk appetite and would love some recommendations please?
Have been researching vanguard & ii as they seem to offer what I think I’m looking for

eskbanker

MacLon said:

Very, very new to this but have about £50k I’d like to move into a managed S&S ISA with medium - high risk appetite and would love some recommendations please?
Have been researching vanguard & ii as they seem to offer what I think I’m looking for

First things first, is the £50K already within the ISA wrapper, e.g. in one or more cash ISAs?  If not, then you can only put £20K into an ISA of any flavour in any tax year....

In terms of starting off, assuming you've identified that this money won't be needed for 10+ years, the next decision would generally be to identify the investment itself rather than the platform - a reasonable place to go would be one of the leading low-cost low-maintenance multi-asset funds:

https://monevator.com/passive-fund-of-funds-the-rivals/

Platform selection is largely secondary, but may be influenced by the choice of investment, so, for example, you can't hold non-Vanguard investments on the Vanguard platform.  Your selection criteria may include a range of factors, such as service, apps, etc, but if you're choosing on cost then you can do worse than looking at comparisons such as:

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

dunstonh

MacLon said:

Very, very new to this but have about £50k I’d like to move into a managed S&S ISA with medium - high risk appetite and would love some recommendations please?
Have been researching vanguard & ii as they seem to offer what I think I’m looking for

That is a regulated activity and the board doesn't allow that.   However, discussion and comment is allowed.

You have mentioned two platforms.   One is restricted to selling only vanguard investments (and not all of them at that).   The other is a whole of market platform and can sell more vanguard investments than vanguard do.

Neither has anything to do with investment risk though as they are just administrators.

You need to decide the investments first and then the platform.

You say you are medium to high risk.  However, that needs some context.  One persons cautious risk is another persons high risk.    You have £50k.  What is your tolerance for how much of that could you tolerate being lost?

MacLon

dunstonh said:

MacLon said:

Very, very new to this but have about £50k I’d like to move into a managed S&S ISA with medium - high risk appetite and would love some recommendations please?
Have been researching vanguard & ii as they seem to offer what I think I’m looking for

That is a regulated activity and the board doesn't allow that.   However, discussion and comment is allowed.

You have mentioned two platforms.   One is restricted to selling only vanguard investments (and not all of them at that).   The other is a whole of market platform and can sell more vanguard investments than vanguard do.

Neither has anything to do with investment risk though as they are just administrators.

You need to decide the investments first and then the platform.

You say you are medium to high risk.  However, that needs some context.  One persons cautious risk is another persons high risk.    You have £50k.  What is your tolerance for how much of that could you tolerate being lost?

I have no idea what to invest in which is why I’m looking for a managed account so I thought there may be someone / a platform who specialise in managed investments.

That’s a good question on risk tolerance. I suppose id rather not lose any of it but I’m comfortable riding out bad spells in the longer term with a prospect of future growth.

Reckon I’d be best off seeking professional advice?

wmb194

MacLon said:

dunstonh said:

MacLon said:

Very, very new to this but have about £50k I’d like to move into a managed S&S ISA with medium - high risk appetite and would love some recommendations please?
Have been researching vanguard & ii as they seem to offer what I think I’m looking for

That is a regulated activity and the board doesn't allow that.   However, discussion and comment is allowed.

You have mentioned two platforms.   One is restricted to selling only vanguard investments (and not all of them at that).   The other is a whole of market platform and can sell more vanguard investments than vanguard do.

Neither has anything to do with investment risk though as they are just administrators.

You need to decide the investments first and then the platform.

You say you are medium to high risk.  However, that needs some context.  One persons cautious risk is another persons high risk.    You have £50k.  What is your tolerance for how much of that could you tolerate being lost?

I have no idea what to invest in which is why I’m looking for a managed account so I thought there may be someone / a platform who specialise in managed investments.

That’s a good question on risk tolerance. I suppose id rather not lose any of it but I’m comfortable riding out bad spells in the longer term with a prospect of future growth.

Reckon I’d be best off seeking professional advice?

You look at the robo investing platforms like Nutmeg (JP Morgan Chase), Moneyfarm and Wealthify.

https://www.nutmeg.com/