Is it worth starting S&S with small deposits?

JohnRo

darkidoe wrote: »

Looking at Charles Stanley myself. i can't find the £10 exit fee charge on the fee and charges on Charles Stanley Direct website. MSE website also mention it's free to transfer: http://www.moneysavingexpert.com/savings/stocks-shares-isas#charlesstanley Anyone can clarify?

I think you'll find it under their miscellaneous charges heading. Stock withdrawal £10 (per stock)

Why they don't label the charge as a stock transfer is beyond me.

Just to add, I've used both platforms, it seems obvious to me MSE haven't if they say the only difference is ease of use. CSD as a platform is vastly superior in all areas.

MadMat

JohnRo wrote: »

I think you'll find it under their miscellaneous charges heading. Stock withdrawal £10 (per stock)

Why they don't label the charge as a stock transfer is beyond me.

Just to add, I've used both platforms, it seems obvious to me MSE haven't if they say the only difference is ease of use. CSD as a platform is vastly superior in all areas.

Presumably you could always avoid this charge by selling everything, doing an ISA transfer as cash and then re-buying with the new provider.

To the OP - I started out with less than you, it's surprising just how fast a small but regular amount grows!

Mat

Futuristic

I'd recommend both Cavendish (Fidelity FundsSupermarket) and Charles Stanely.

I moved all my cash ISAs into Charles Stanely S&S and do regular investments into Cavendish as I like to keep things separate. One I simply have Vanguard LS 80% and another has more riskier individual funds

darkidoe

JohnRo wrote: »

I think you'll find it under their miscellaneous charges heading. Stock withdrawal £10 (per stock)

Why they don't label the charge as a stock transfer is beyond me.

Just to add, I've used both platforms, it seems obvious to me MSE haven't if they say the only difference is ease of use. CSD as a platform is vastly superior in all areas.

'Stock withdrawal' Does that apply to individual stocks or to funds as well?

JohnRo

darkidoe wrote: »

'Stock withdrawal' Does that apply to individual stocks or to funds as well?

If the charge relates to transfers out, which it must AFAICS, then yes it will apply to each individual line, whatever that might be, including funds.

atush

I too started many decades ago saving only 25/m.

So you are fine starting out with investing that 100/200/m. I might wait on the lump sum until the next correction. AS newbies tend to panic more.

imjayw

Thanks to everyone for the feedback!

I'm about to pick up Smarter Investing by Tim Hale and give it a read before I make the first step. I hope to begin early Jan.


It seems Charles Stanley Direct would be the best platform to use.