iWEB ISA platform recommended for best value?

slinga

iirc when you sell an ISA fund with HL then it goes straight into a cash account within your ISA wrapper until you decide to reinvest in an ISA or send the money to your bank account.

slinga

ColdIron wrote: »

No, they have 3 cash accounts (capital, income and loyalty bonus) held within the ISA (or SIPP or GIA)

I have something like £20 in my HL Funds and share account. Must have come from a Loyalty bonus or as a balance when a deal finally went through and costs were known. I've transferred all my funds either to an ISA or elsewhere.


I know I can ask HL but do you have a quick answer as to how I can transfer/redeem this £20

ColdIron

slinga wrote: »

I know I can ask HL but do you have a quick answer as to how I can transfer/redeem this £20

If it's in your capital account (look at the Capital Account tab under the Cash tab) just use the 'withdraw money' link. If it's in your Loyalty bonus account (look at the Loyalty Bonus tab on the main Portfolio Overview page) you can't withdraw it as the rules say it must be reinvested and not used for fees etc). It's unlikely to be in your income account as it would have been paid out to you, paid into your capital account or reinvested before very long. Would it be useful to leave it in your capital account to pay fees etc?

chockydavid1983

I wouldn't try to time the market

Gep

If you want to invest in government/corporate bonds, IWEB is extremely frustrating, for many reasons:

1) you can only invest in bonds listed on the LSE. I mean I'm not expecting to trade in Venezuelan bonds, but I don't understand why they don't allow you to invest in solid European companies e.g. Heineken, Mercedes, Ferrari, etc.

2) even within the LSE, there are so many bonds they don't allow you to buy because they don't consider them "investment grade". At the same time though they allow you to buy risky shares of weak companies...

3) They don't publish a list of what you cannot trade, so you always have to phone them up and ask "can I trade this?", "no", "can I trade that?", "no", "how about that?", "no", ...

4) you can only trade bonds over the phone, so you waste time listening to lovely music, then you have to talk to an operator from the call centre before they finally put you through a trader

The best thing about them is that they are cheap.

londoninvestor

slinga wrote: »

I have something like £20 in my HL Funds and share account. Must have come from a Loyalty bonus or as a balance when a deal finally went through and costs were known. I've transferred all my funds either to an ISA or elsewhere.


I know I can ask HL but do you have a quick answer as to how I can transfer/redeem this £20

If it's Loyalty Bonus that can only be invested in funds you already own, then you can do this...

1) Pick a fund which you expect to have very low volatility (I went for a Vanguard short-term bond tracker)
2) Invest £100 in that fund
3) Once trade (2) has completed, invest your £20 loyalty bonus in that same fund
4) Once trades (2) and (3) have completed (might need to wait a few days to go past the settlement date), sell all your holding in that fund.
5) Once trade (4) settles, you have £120 that you can withdraw as cash.

cistron

Gep said:

If you want to invest in government/corporate bonds, IWEB is extremely frustrating, for many reasons:

1) you can only invest in bonds listed on the LSE. I mean I'm not expecting to trade in Venezuelan bonds, but I don't understand why they don't allow you to invest in solid European companies e.g. Heineken, Mercedes, Ferrari, etc.

2) even within the LSE, there are so many bonds they don't allow you to buy because they don't consider them "investment grade". At the same time though they allow you to buy risky shares of weak companies...

3) They don't publish a list of what you cannot trade, so you always have to phone them up and ask "can I trade this?", "no", "can I trade that?", "no", "how about that?", "no", ...

4) you can only trade bonds over the phone, so you waste time listening to lovely music, then you have to talk to an operator from the call centre before they finally put you through a trader

The best thing about them is that they are cheap.

Is that still the case?

I'm thinking about building a passive world portfolio now that the markets are hitting rock bottom and potentially gambling with a few stocks, such as airports. Can you guys recommend iWeb for this? Thanks!