Halifax Share Dealing S&S - understanding ISA costs

savingsguy

bowlhead99 wrote: »

If you think you can allocate capital better than the professional off the shelf products - for your own goals and objectives - without sacrificing efficiency, go ahead. It's certainly possible to imagine ways in which the professionally-constructed products could be changed without making them significantly worse. However, that's why a variety of rival products exist; you don't need to try to make your own versions of them, as a beginner investor.

Thank you for this sage advice. I'm a complete newbie and I'm certainly now steering towards a simple, all-in-one (and professional) fund.

Anonymous101

You don't need to pay an initial £12.50 to get you started on a trade. You can always use the "regular investment" option even if you know that its a one off. Really that option should be called advanced purchase or something.


I have a "regular investment" for each of my funds which I can then alter the amounts if I have an extra amount one month. Incidentally I used the "regular investment" to make transfer in from another ISA initially too. Just make sure you reduce the amount back down the following month!

Alexland

Anonymous101 wrote: »

You don't need to pay an initial £12.50 to get you started on a trade. You can always use the "regular investment" option even if you know that its a one off. Really that option should be called advanced purchase or something.

With that asset allocation, given current valuations, it's not unreasonable to expect a medium term average 4% pa nominal return so with £45k that would be £1800 pa or nearly £5 per day average cost to being out the market. Still given market movements are almost random on the few days while out the market waiting for the regular trade to occur then it might not matter much whatever they do with a circa 50% chance you will kick yourself for not picking the other way of doing it.

Alex