Shares Investment Platform Advice

bloke91

Hi,

Would like to invest in some UK shares, likely a few hundred pound investment.

I have an exsisting Vanguard stock and shares isa and not brought shares in a single company before.

Have been looking at trading platforms to use, such as Hargreaves and Lansdown and Trading121.

Looking for some advice on the best platform to use and consideration around holding\yearly charges etc.

With having an existing Vanguard stocks and shares isa, I believe my shares investment woud need to be outside my isa.

Thanks in advance for any advice.

dunstonh

Would like to invest in some UK shares, likely a few hundred pound investment.

That is not likely to be a good thing to do.  Dealing costs when you buy and dealing costs when you sell mean that on smaller amounts, you may never see a profit.

Have been looking at trading platforms to use, such as Hargreaves and Lansdown and Trading121.

HL isn't a trading platform.  It is a whole of market platform but is not aimed at traders. it is aimed at investors.

With having an existing Vanguard stocks and shares isa, I believe my shares investment woud need to be outside my isa.

Only if you are paying into the Vanguard ISA in this tax year.   Remember that holding unwrapped investments means you need to retain all purchase and sales records.  

Alexland

If you just want to play with a few hundred quid in shares then maybe an unwrapped Freetrade or T212 (when open to new customers) account might be good for this.

Eccles04

I am a retired financial professional and there are "platforms" out there which do not charge annual or monthly fees. I use one myself called "LSE" - London South East and their website is very informative in my opinion. I do not do "trading" as it is called because in my opinion it is akin to gambling and one needs to very knowledgeable in order to regularly succeed. Rather I tend to select fairly safe shares which offer significantly better yields than the present dreadful interest rates which are on offer and keep them for at least a couple of years. Thus my savings are staying well ahead of the inflation rates.

maxsteam

You should also look at Degiro and x-o.co.uk. You definitely need to choose a low-cost option but it's still feasable to invest a few hundred pounds if you choose to right platform.

underground99

Eccles04 said:

I am a retired financial professional and there are "platforms" out there which do not charge annual or monthly fees. I use one myself called "LSE" - London South East and their website is very informative in my opinion. I do not do "trading" as it is called because in my opinion it is akin to gambling and one needs to very knowledgeable in order to regularly succeed. Rather I tend to select fairly safe shares which offer significantly better yields than the present dreadful interest rates which are on offer and keep them for at least a couple of years. Thus my savings are staying well ahead of the inflation rates.

LSE do have a decent website although the share chat forums are unregulated and pretty much the wild west    The brokerage services linked from their site and branded up as London South East are provided by Jarvis Investment Management, at a higher cost per trade than just going direct to Jarvis's own execution-only front-end at https://www.x-o.co.uk