How to invest in a particular company

GMaudsley

I have a bit of inheritance money that I am looking to invest. I have already determined that I'm going to open a Stocks & Shares ISA, but I also want to buy shares in a certain (large) company who I feel have a big few years coming up, and the ISA does not allow me to make this particular investment.

I am unsure how to do this, however, and I know focusing on one company is not advised, but I only intend to put a smallish amount in that pot, the majority going into the S&S ISA. If anyone has any advice on the best way to go about this, ideally at the lowest cost, it would be greatly appreciated!

Thanks in advance!

masonic

Who provides your S&S ISA? Most will allow trading of individual shares. Which company?

jimjames

If you're going to open a S&S ISA then I'm reading that as meaning you don't have one already. In which case just open one that allows you to buy shares. Two examples are HL and iweb at different price models

Alexland

Is the company an ISA qualifying investment?

https://www.gov.uk/guidance/stocks-and-shares-investments-for-isa-managers#qualifying-investments-for-stocks-and-shares-isas

If so you just need to find a platform offering access to it.

Alex

AnotherJoe

Have you opened this ISA already ?put money in it? I'm presuming it's a restricted one with only a few funds allowed?
At least we are nearing the end of the tax year so just open another in April in the new tax year.

GMaudsley

jimjames wrote: »

If you're going to open a S&S ISA then I'm reading that as meaning you don't have one already. In which case just open one that allows you to buy shares. Two examples are HL and iweb at different price models

Yes I've not yet opened one but was thinking of Cavendish Online, having read the MSE page, given their fees. I see they have recently started an option to buy shares, but think it is as yet limited, although expanding.

GMaudsley

AnotherJoe wrote: »

Have you opened this ISA already ?put money in it? I'm presuming it's a restricted one with only a few funds allowed?
At least we are nearing the end of the tax year so just open another in April in the new tax year.

Not opened or put money in yet, just assessing my options. Was thinking Cavendish ...

GMaudsley

Alexland wrote: »

Is the company an ISA qualifying investment?


If so you just need to find a platform offering access to it.

Alex

Yes I've seen you can buy shares of it with an ISA etc. on HL and Share Centre. However, I don't necessarily want to go with them, but then I'm unsure of my options.

masonic

As you say, Cavendish is quite limited. You could always open an account with X-O and hold your share there, outside of an ISA. Assuming it is a UK listed company.

Alexland

As mentioned by jimjames iWeb would give you access to shares and funds with no ongoing platform fee.

eskbanker

MSE's typical 'best buy' approach doesn't work as well for investments as it does for savings, etc - rather than being primarily driven by cost, it makes more sense to establish what you want to invest in and then consider how/where to do so.

As above, you can hold shares unwrapped outside an ISA but if you think it's the next big thing and you turn out to be right, you may find yourself looking at a future CGT liability which outweighs what you might save by picking the cheapest ISA platform....