Only freedom will do

lulabelle1

Booo re the useless Osteopath

Hope you don't mind me asking, but here goes.... given that (imo) you seem to be pretty smart in regards to investments etc, I thought I'd run this by you....

Both of my boys have Child Trust Funds with Legal & General. I'm behind the times, but it seems that they can now be transferred to Stocks & Shares ISA's. Was thinking about arranging for them to be transferred across to Hargreaves Lansdowne.... seems they might perform better and it would give me the option of choosing from different fund providers and managing them online etc.

And, I have a stocks & shares ISA with Legal & General - not much invested really, but it's not performing that great and having seen your posts about Vanguard, I like the idea of being able to access different fund providers, so was considering also transferring this across to Hargreaves Lansdowne... any thoughts on this?

Thanks in advance

edinburgher

Lula, Vanguard offer some good products, but the platform fee on HL is higher than I'd like. Charles Stanley Direct offer both junior and normal ISAs and their fee is a more reasonable 0.3% (vs 0.45% for HL).

Assuming amounts up to. £25k per account, they're a better deal.

Fees make a very real difference.

edinburgher

Made £80 playing risk(ish) free spins :beer:

lulabelle1

edinburgher wrote: »

Lula, Vanguard offer some good products, but the platform fee on HL is higher than I'd like. Charles Stanley Direct offer both junior and normal ISAs and their fee is a more reasonable 0.3% (vs 0.45% for HL).

Assuming amounts up to. £25k per account, they're a better deal.

Fees make a very real difference.

That's great, thanks for the info re Charles Stanley I shall look in to that, thank you! Yes - sadly below £25k account!

smallholdingsister

Lol to pretty osteopaths.

In labour with #1 this gorgeous Northern Irish doc came in and held my hand and said I was cold. Aww I thought, bless.
Then Owww as he shoved a canula in the cold hand.

lulabelle1

lulabelle1 wrote: »

That's great, thanks for the info re Charles Stanley I shall look in to that, thank you! Yes - sadly below £25k account!

Well - I didn't hang around..... googled, review to sanity check, opened my account, set up the ISA's, downloaded the forms and now just need to post off the transfer forms for the two JISA's and my own S&S Isa. Thanks again for the tip off - love their website and it seems very user friendly, impressed so far! (Oh, and I've cancelled my DDM's to L&G too)

edinburgher

Very glad to be of assistance

edinburgher

£100 lent out at 11% using one of the higher yielding P2P sites (Abl3rate). Have to say that the whole process was sluggish as hell, I doubt I'll use them again. I suspect it's a case of my money is small beer and that they're use to people investing ££££ and £££££. Still, better than a poke in the eye

edinburgher

Debsnewbudget wrote: »

Hi Ed
Have had a quick look at FC but no idea where to start
Any tips ?
Deb

Oos, totally missed this one sorry.

FC is a funny sort of beast. Lending isn't secured against any sort of provision fund that I can see, so it's instantly more risky than RS etc. All loans are business loans, many of them unproven (hence the rates). Money goes out quickly if you're not too picky, but it still feels a bit sluggish (it took me about 9 days to lend out £1100).

Rates are reasonable and there are plenty of xx% loans to pick up on the secondary market if you can come to terms with the fact that they're typically on the secondary market because rates have risen since and people want to buy more profitable loans.

I use autolend, largely investing in 'junk' loans (i.e. 10%+, I don't use the least risky 'A' loans), no more than £20 to any one borrower.

It's a good one to add to the arsenal, certainly spanks my RS return. I am treating them as whisky and water (to borrow an analogy). FC is the volatile component of my P2P mix that *might* spark great returns, RS is the water, keeping things respectable and a bit safer (although there's still risks).

Let me know if you want a referral, but be aware that they're far slower to pay than RS and it's a proper investment (i.e. no one month rinse of money)! :T

Karmacat

Ed, sorry to hear your pain is worse hope your doc can help now