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Investing in shares (Hargreaves and Lansdown)
Comments
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andrewm1981 wrote: »Personally, I use HL, and find them excellent.
I'm a novice investor, with a decent amount in shares / fund with them.
Not sure what constitutes a "decent" amount but let's pretend £50,000.andrewm1981 wrote: »Yes, it may cost fractionally more, but as I buy-and-hold shares (very little trading costs), and tend to use the cheaper funds (less than 0.5%) I see the convenience value as well worth it.
Just for laughs I thought I'd see what "fractionally" might mean using http://www.comparefundplatforms.com/.
Over 10 years of holding just funds with 4 trades per year the difference could be over £3,000.
Obviously your reality will vary but that's a fractional sort of money that I'd prefer to have in my pocket rather than being spent on hapless Bristol City footballers.0 -
It's very easy to see 0.25% for a competitor vs 0.45% for HL as a fractional difference. The reality is that it is 80% more expensive.Obviously your reality will vary but that's a fractional sort of money that I'd prefer to have in my pocket rather than being spent on hapless Bristol City footballers.Remember the saying: if it looks too good to be true it almost certainly is.0 -
I have. Great service but not cheapest. Some people prefer Waitrose, others prefer Aldi. So decide what's most important to you
True, but don't forget the middle level such as Tesco and Sainsburys of the investment platform world.
I'm with Hargreaves Lansdown but using only ETFs/ITs and shares, meaning my annual ISA charge is fixed at only £45 pa. So its like shopping at Waitrose, but buying their essentials range!
"If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
Just make sure you are happy with investments going down sometimes. I was obviously not, I am not ready for stock market investment yet. I had invested in Dec 15, and then all that stuff with oil prices, and China etc in January 16 knocked the stuffing out of my funds. If I'd have kept them in I'd be up right now, but I pulled out.
As for the platform, HL is pretty good. As already mentioned, slightly more expensive, but a very popular option. They have ap hone app which was useful IF it wasn't broke half the time.0 -
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I'm quite new to this, but if investing through an ISA means I don't pay tax on the 'winnings'
then yeh I'll probably do that.
Good to know about HL. Tbh I think any sort yields have to be better than what the establishments are currently offering. And I personally don't see it recovering for a while yet, which means looking to pastures new.
Any other ideas or advice is appreciated, as I say, bit of a newbie here.
There's Charles Stanley, AJ Bell Youinvest, and many others.
Charles Stanley is 0.25% to hold funds with no purchase fee.
A good site too!
AJ bell is 0.2% but they're getting annoying, frequently showing totally random valuations to my portfolio. Not good...0 -
As long as you take a long term view and have a diverse fund then I reckon its safer than cash since your gains insure against losses (it'd be very surprising if you were still in loss after 10 years). And also its a more secure income than work, where you're entirely dependent on the fate of one company. If the marker crashed, lots of people lose their jobs, for example.
If you're considering an isa, consider a second pension and just see it as an early retirement pot you can access from 55/57 onwardsThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
george4064 wrote: »True, but don't forget the middle level such as Tesco and Sainsburys of the investment platform world.
I'm with Hargreaves Lansdown but using only ETFs/ITs and shares, meaning my annual ISA charge is fixed at only £45 pa. So its like shopping at Waitrose, but buying their essentials range!
Same for me, £45 per annum on my £225k ISA is only 0.02%, and £200 on my £170k SIPP is only 0.12%. I don't really care if some other provider does it even cheaper, because I am very happy with HL (unlike Fidelity, who I started out with).Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
£45 per annum on my £225k ISA is only 0.02%, and £200 on my £170k SIPP is only 0.12%
Wowza. That's some decent fundage you've got going on there. So you pay for HL to hold your ISA of 225k?
And what is SIPP?
How did you get into investing via shares? Have you had much success in it?0 -
Out some isa cubes onto your investment cocktail, and take a sipp from itThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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