fixed rate bonds question

bowlhead99

paddypaws101 wrote: »

I don't want to crash the OP's thread. but how would one set up an ISA or SIPP like that, would one need to go through an IFA?

There are loads and loads of threads discussing investing, but basically you can just open a DIY S&S ISA or SIPP with a broker or fund platform and then buy whatever shares or investment funds you like to put in it with the money that you've contributed (or transferred in from other existing ISAs or pensions).

DIY platform providers mentioned here all the time in no particular order include Youinvest, TD Direct, Charles Stanley Direct, IWeb, Halifax Sharedealing, Hargreaves Lansdown, BestInvest, the list goes on.

If you don't know what investments are appropriate for your needs or which tax wrapper is best for you, you can of course buy the advice from an IFA who will handle it all for you including platform selection and advice on the funds to hold on it.

System

I never went through any kind of financial advice, got prompted a couple of times but I thought they'd be reluctant to let me invest like I am. Its their neck on the line and they want to play it safe

bowlhead99

MatthewAinsworth wrote: »

I never went through any kind of financial advice, got prompted a couple of times but I thought they'd be reluctant to let me invest like I am. Its their neck on the line and they want to play it safe

Who is 'they' and why is their neck on the line?

System

Financial advisors who would do the application for you - id have to argue with them to get them to do it, so I did it myself. They are responsible for the advice they give I assume, although if I'm actively going against that advice I suppose they wouldn't be.

It didn't seem much point in taking out advice that I was going to ignore unless that was the only way to open an account, which it wasnt