SIPP that allows US equities investments?

brite2006

I'm starting to look into a SIPP, but I'm especially keen to be able to invest directly in US stocks rather than just funds. I've looked at a couple of UK-based SIPPs platforms, but I've noticed they're restricted to trading on the LSE and AIM.

Is it possible for a UK-based SIPP to invest in US equities, or is it a requirement that it's all through LSE?

Keep_pedalling

Why when just starting a SIPP would your first choice be to opt for individual US shares?

LHW99

You could try X-O, you could invest in shares listed in foreign exchanges in their ISA (some years back) but I don't know for their SIPP.

Aretnap

My AJBell YouInvest SIPP allows individual US stocks, though I would echo the warning that individual shares are a very risky way to invest your retirement savings. Particularly if you are just starting out - or even worse if you have enough experience to think that you know what you are doing, but not enough to actually know what you are doing.

DairyQueen

HL's SIPP also allows direct investment in US equities. I recall that I had to complete a form to enable this facility.

Investing in single stocks is always high risk. US stocks are not bought/sold immediately on the UK platform so there is added risk in the delay. Plus the currency risk.

I would not invest in any single stocks again, in any market. Much too high risk for me.

bowlhead99

I have my main Sipp with AJBell Youinvest and hold some US equities. The window for trading is from when market opens (9.30 US/ 2.30pm UK) until 9pm UK online or until about 7pm over the phone if something doesn't give you an instant online quote - they don't offer phone trading all through the US afternoon because their dealers don't hang about late into the UK evening.

Also, you can't practically place online trades outside the dealing hours they offer, because they don't accept limit or stop orders on non-GBP investments, and an online trade 'at market price' is always rejected when the market is closed. However, if you're willing to pay the higher telephone dealing fee you can leave an order with them to deal at best price when market is next open.

They charge 1% to convert the foreign currency to/from GBP when you are buying or selling up to £10k in a transaction (lower rate if you are doing a larger transaction), if you receive dividends in dollars they auto convert them to GBP with a 0.5% FX fee.

Thrugelmir

LHW99 wrote: »

You could try X-O, you could invest in shares listed in foreign exchanges in their ISA (some years back) but I don't know for their SIPP.

If the share has a LSE listing then X-O can trade it. X-O's parent company is Jarvis Investment Management. They've been stockbrokers for over 30 years ,

EdGasketTheSecond

x-o don't trade foreign shares

Thrugelmir

EdGasketTheSecond wrote: »

x-o don't trade foreign shares

Some US shares have an LSE listing. Shares can only be held in nominee form anyway if one is outside of the US.

AnotherJoe

HL do (as said above).
The disadvantage is that you cant keep a $ balance so selling one US stock to buy another is very costly because of the Fx hit, so its only really useful for long term buy and hold. I have two such US investments in my HL SIPP.