Which platform to use for shares to regain their value

captainpete1979

I have had some Lloyds and NatWest shares for some time and they have gone down in value. I don’t want sell them at a loss but want to move them to a cheaper platform as they pay virtually no dividends. Hopefully they will regain their value eventually.
i have an isa with iWeb but they are not perfect and was hoping for some suggestions for something better.
I just want to hold them until they improve. 

Many thanks to all
CP

ColdIron

IWeb charge £0 pa and trading fees won't bother you, how much cheaper do you want them to be? They are as good as it gets for long term buy and hold.  What is it that you are looking for that IWeb don't provide? They won't pay more dividends on a new platform

lozzy1965

Well, iWeb are free to hold and do nothing with so I don't understand why you want to move away from them?
Waiting for shares to improve in value before you sell is not a sensible investment stance though.  It's tough to sell at a loss (believe me I have fallen into that trap too), but finding a better option for your money IS the best thing to do.  Depending on how much you have invested, a Fund may be a better option.  And that's speaking as someone who has only invested in individual shares so far.

EDIT:  A gem of wisdom picked up from this site is "Would you buy the shares now if you had the money in cash?"  If the answer to that question is "No", then you should sell and put the money somewhere where the answers would be "Yes".

Thrugelmir

How much did you pay per share? Possible that you'll never see your capital back. Cutting ones losses is something that investor needs to be able to do when trading individual shares. Emotional attachment isn't a good trait. 

tebbins

Watch this (https://youtu.be/oMmocnLnVgQ) from 08:25-09:51

If you believe that Natwest and Lloyds are heading back to their pre-GFC values (which is entirely possible, banks are the ultimate cyclical stock and highly dependent on interest rates and economic circumstances) then with Natwest you are holding a 10-20 bagger, with Lloyds you're holding at least a 5-bagger.

That said, also watch 03:55-04:27

captainpete1979

Many thanks to all for your contributions and I am no expert on banks but hopefully things will change before I am gone.
otherwise she who must be obeyed will get the benefit

Thrugelmir

x-o  will be cost free in a GIA

https://www.x-o.co.uk/

Cost nothing to transfer in either. 

lozzy1965

9 minutes in.  "The stock doesn't know you own it."  Love that line