Help Choosing Investments - Moneybox to Freetrade

Coinless

Hi,

I'm relatively new to investing in stocks and shares ISA and I currently use Moneybox S&S ISA with the Adventurous allocation (80% Fidelity World Index, 15% iShares Global Property Equity, 5% iShares Overseas Corporate Bond Index). Moneybox has a 0.45%/yr Fee + £1/mo + ~0.3% (depending on fund)

This seems to be working well for me with current interest being ~+17%. I believe they are all accumulation funds with my plan being to add additional contributions every month and not withdraw interest until at least 20 years from now to take advantage of compounding interest.

However, I am planning on switching to the Freetrade platform to save on fees over the long term. For the S&S ISA the fees are £3/mo + fund fee (much lower than Moneybox).

However there are so many options to invest in I don't know where to allocate my money.

I'm hoping someone can advise me on which Freetrade funds are equivalent to the Moneybox ones so that I can at least start from there?

I am also only interested in the LSE market as to not pay any additional FX fees.

Any guidance is much appreciated.

eskbanker

Unlikely to be what you want to hear, but in your situation, I think I'd be inclined to stick with Moneybox while researching about investing.

Jumping ship to try to save a few quid in fees, without understanding enough to identify suitable investments (or to know that they mostly don't pay 'interest' as such, or that platform selection should generally be secondary to investment choice), is likely to be misguided and fraught with danger - do you know enough about ETFs to be happy to use them as a substitute for OEICs (unavailable on Freetrade), for example?

https://www.moneyhelper.org.uk/en/savings/investing/investing-beginners-guide

https://www.hl.co.uk/beginners-guides/investing

http://www.monevator.com

http://kroijer.com/

http://diyinvestoruk.blogspot.com/

https://www.ifa.com/indexfundsthemovie/