We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

NISAs - Some corrections

Options
RayWill_2
RayWill_2 Posts: 11 Forumite
edited 2 July 2014 at 10:33PM in Site feedback and Forum Help
Hallo, Just been reading your NISA guide. Here is a correction.
It is very often cheaper to buy shares (NISA or otherwise) through a proper stockbroker, rather than some "platform".
X-O (it stands for "Execution Only") is the very cheapest I can find. It charges a one off flat fee of £5.95 to buy, and £5.95 to sell. There are no "platform" charges at all. No charges for inactivity or anything else, no "percentage" charges, ISA/NISA charges, or monthly fees. X-O is the execution-only arm of Jarvis of Tunbridge Wells, a highly reputable group.
So, reserve platforms for catching trains. Use a real stockbroker!
It is usually better to buy investment trusts rather than unit trust or unitised funds: the costs of operating investment trusts is lower.
Some investment trust houses have their own savings and NISA schemes: in every case I have seen, using a low-cost stockbroker is cheaper.
Stockbrokers are not so well known because they advertise a lot less. Guess who pays for the advertising!
Readers may have their own stockbroker recommendations.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.