How and what to Invest - II

6022tivo

I have an II stocks and shares ISA and to be completely honest. I've no idea what I am doing... 
I want a chunk of my deposit to play around with. But and sell individual shares like I used to on x-o. I understand that. 

But will put most in a "fund"? or two?? 
So, these funds, I see they have 6 quick start funds? BMO or Vanguard?? 
So with these, I am confused about fees. If this just simple efficient and acceptable to do (Lazy option). 
Then, they have like a super i60 which is a collection of funds which a makes sense until you come to invest. 
Then when you click on the Cost Disclosure link, there are some large, fees (Our Costs and Product Costs)?? Then on a different document to read there are Entry Costs which look different again? 

Then there is loads of fund managers and funds. Thousands.. All a bit too much. 

I'm happy to stick to one of their i60 plans looking at their research, I think it is the fees that confuse me??? 

Happy to admit I'm a complete amateur here, and could do with a hand. 

IvanOpinion

There are a lot of fees but most can be ignored.  With II there is a platform fee (£9.99 per month for their basic account) and a trading fee (£7.99 for each buy or sell - but you get 1 free trade each month) and really that is about it .

The other fees you see are probably ongoing charges (OCF) and transaction charges which are taken out of the fund at source so the price you see is what you get (but these have to be disclosed).  A higher OCF means that the find manager is taking more for the work he puts into managing the fund - so a lower OCF may mean you get to keep more.  If you buy investment trusts there is also stamp duty to consider. 

So from a laymans point of view, you pay £9.99 per month and £7.99 as a one off per trade


The ii Super 60 and ii ACE 40 are a selection of funds that II have chosen to help people get going.  Their quick start funds are basically pre-packaged funds for beginners providing a balanced portfolio to suit a particular risk.  I started with a quick fund before moving onto the II Super 60 and II ACE 40 funds and then choosing some of my own.

6022tivo

IvanOpinion said:

The ii Super 60 and ii ACE 40 are a selection of funds that II have chosen to help people get going.  Their quick start funds are basically pre-packaged funds for beginners providing a balanced portfolio to suit a particular risk.  I started with a quick fund before moving onto the II Super 60 and II ACE 40 funds and then choosing some of my own.

Ok, that's great. Makes sense. 
How are you finding the Super 60 and how do you choose your investments within it? 
Some great top performers!