NATWEST Stocks & Shares ISA - good investment?

Alexland

IWeb don't have the L&G MI series. Also for regular contributions worth considering Halifax SD.

rathernot

Ditto Lindsell Train just for what it may be worth.

ValiantSon

Splitting £20,000 between several different funds is likely to be a poor strategy. Doing so will increase your costs without giving you better returns. £20,000 is a relatively small investment sum and you would be well-advised to keep it in a single multi-asset fund for the time being. Only when that sum has grown significantly, are you likely to benefit from investing in a wider range of funds (i.e. £50,000 if you are of a nervous disposition and worry about the FSCS protection limit, or more realistically closer to £100,000).

ileven1225

ValiantSon wrote: »

Splitting £20,000 between several different funds is likely to be a poor strategy. Doing so will increase your costs without giving you better returns. £20,000 is a relatively small investment sum and you would be well-advised to keep it in a single multi-asset fund for the time being. Only when that sum has grown significantly, are you likely to benefit from investing in a wider range of funds (i.e. £50,000 if you are of a nervous disposition and worry about the FSCS protection limit, or more realistically closer to £100,000).

If I use IWEB, £5 per trade, doesn't sound an expensive cost?

Alexland

ileven1225 wrote: »

If I use IWEB, £5 per trade, doesn't sound an expensive cost?

For 12 regular ISA investments a year iWeb is £60 and the parent Halifax Share Dealing is £36.50 (£12.50 per year and £2 per regular trade). Ok it will cost £12.50 (£7.50 more) for the initial lump sum investment as adhoc trades are more expensive but you avoid the £25 setup fee.

ileven1225

Alexland wrote: »

For 12 regular ISA investments a year iWeb is £60 and the parent Halifax Share Dealing is £36.50 (£12.50 per year and £2 per regular trade). Ok it will cost £12.50 (£7.50 more) for the initial lump sum investment as adhoc trades are more expensive but you avoid the £25 setup fee.

Can Halifax have the same flexibility as IWEB? I can potentially invest NATwest, HSBC, Vanguard etc?

Alexland

ileven1225 wrote: »

Can Halifax have the same flexibility as IWEB? I can potentially invest NATwest, HSBC, Vanguard etc?

Halifax own IWeb so the investment options are the same. Vanguard, HSBC, Blackrock, etc. Just make sure you select their Share Dealing ISA not their retail Investment ISA.

https://www.halifax.co.uk/sharedealing/our-accounts/stocks-and-shares-isa/

Natwest are not a market fund manager so you will not be able to buy their products on DIY platforms and frankly there wouldn't be any demand for them at those fees. It's not where an informed investor would want their money.

Alex.

ileven1225

Alexland wrote: »

Halifax own IWeb so the investment options are the same. Vanguard, HSBC, Blackrock, etc. Just make sure you select their Share Dealing ISA not their retail Investment ISA.

https://www.halifax.co.uk/sharedealing/our-accounts/stocks-and-shares-isa/

Natwest are not a market fund manager so you will not be able to buy their products on DIY platforms and frankly there wouldn't be any demand for them at those fees. It's not where an informed investor would want their money.

Alex.

It's crytal clear now for what I need to do!

ileven1225

Alexland wrote: »

IWeb don't have the L&G MI series. Also for regular contributions worth considering Halifax SD.

Last question, Why a regular contribution would worth considering Halifax SD?

My understanding is Halifax SD and IWEB are similar in principle?

thanks!

ValiantSon

ileven1225 wrote: »

Last question, Why a regular contribution would worth considering Halifax SD?

My understanding is Halifax SD and IWEB are similar in principle?

thanks!

Halifax offer a discounted price on trading fees for regular contributions, but iWeb don't. Using the regular trading feature it only costs £2 per purchase. The potential downside is that you can only purchase at that price on the days they notify you of.