Cheapest platform for stocks and shares ISA

LobsterMemory

AnotherJoe wrote: »

What drp said. Only investing in the U.K. = terrible strategy. Go global.

... unless the investor thinks the UK will out perform its global allocation which makes it a logical strategy

dunstonh

jobits wrote: »

I contribute once a month.Whats wrong with the HSBC FTSE all share tracker?

The UK is 4% of global GDP. You are investing 100% into that small area. What if something really silly was to happen to the UK, such as leaving the EU. Your eggs are all in that one basket.

Reed_Richards

AnotherJoe wrote: »

Only investing in the U.K. = terrible strategy. Go global.

That seems to be a prevalent view amongst contributors to this forum. I cannot believe it is correct to describe investing in a FTSE tracker as a terrible strategy, there are many other strategies with higher risk and very possibly less reward. Whether a global tracker fund is a better option is a matter for debate and ultimately for you to decide.

Voyager2002

Reed_Richards wrote: »

That seems to be a prevalent view amongst contributors to this forum. I cannot believe it is correct to describe investing in a FTSE tracker as a terrible strategy, there are many other strategies with higher risk and very possibly less reward. Whether a global tracker fund is a better option is a matter for debate and ultimately for you to decide.

The fact that many possible strategies would be even worse than investing solely in the UK does not mean that this is not a terrible strategy.

AnotherJoe

LobsterMemory wrote: »

... unless the investor thinks the UK will out perform its global allocation which makes it a logical strategy

Logical ..... but still terrible. :eek:
I have shares amd funds that i think stand a good chance of outperforming global, UK or indeed my general allocation. Its still a terrible idea for me to lump everything in to just one of those, because I recognize that I might be wrong.

If I dont recognise that concept, then that doesn't make it a good idea to do it.

AnotherJoe

Reed_Richards wrote: »

That seems to be a prevalent view amongst contributors to this forum. I cannot believe it is correct to describe investing in a FTSE tracker as a terrible strategy, there are many other strategies with higher risk and very possibly less reward. Whether a global tracker fund is a better option is a matter for debate and ultimately for you to decide.

The point being discussed, is that investing everything in a FTSE UK tracker is a terrible strategy. All of your investments. Not some. Not 6% (GDP) or 25% (arbitrary Vanguard) but 100%.

Drp8713

Aidanmc wrote: »

Can i ask any particular reasons you recommend the Ishares ETF over any other global/all world index fund or ETF?
thanks

Just that you can buy it for £1.50 a month with HL and that it accumulates.

Also I think it has about $19b in assets so should have a higher chance of it still being here in 20 years time.

Tom99

Reed_Richards wrote: »

That seems to be a prevalent view amongst contributors to this forum. I cannot believe it is correct to describe investing in a FTSE tracker as a terrible strategy, there are many other strategies with higher risk and very possibly less reward. Whether a global tracker fund is a better option is a matter for debate and ultimately for you to decide.

Whilst having 100% in the UK may not be ideal, swapping to just a global tracker probably puts 60% in the US and say 6% in the UK, so the other extreme.
You could use a combination of a UK fund and a world ex-uk fund and make your own decision on the UK/world balance.

george4064

For platform comparison I suggest: https://monevator.com/compare-uk-cheapest-online-brokers/

System

Tom99 wrote: »

Whilst having 100% in the UK may not be ideal, swapping to just a global tracker probably puts 60% in the US and say 6% in the UK, so the other extreme.
You could use a combination of a UK fund and a world ex-uk fund and make your own decision on the UK/world balance.

How is this the other extreme? Having a global portfolio allocation based on the market capitalisation of countries makes perfect sense. Having an arbitrary allocation makes little sense.