Best Stock&Share Isa for beginners

Arsenal2019

Hey guys,

i recently posted on here regarding stocks and shares so some of you may remember me.

Anyway, I am looking into Stocks and Shares Isa’s and I am massively torn between a few; as I’m sure some of you will understand due to some of the high-costs involved with having them.

I am new to this, and only at the minute have around 1K which I can invest. I want to be able to trade worldwide in different markets, also ETF’s, Index funds and be able to invest in pennie stocks and fractional shares!

I did like the look of Trading 212 but as we’re aware, they’ve closer their doors for new customers.

I can’t find much info on websites (maybe I’m looking in wrong place) to show what markets you’d be able to invest in.

I also like the idea of being able to use my chosen Isa (if possible) to do the research on the stocks I have invested in / thinking of investing in.

many thanks!!

Thrugelmir

Arsenal2019 said:

 I want to be able to trade worldwide in different markets, also ETF’s, Index funds and be able to invest in pennie stocks and fractional shares!

With just a £1k at your disposal. Suggest you restrict yourself to just one stable and boring investment.  Losing money is very easy to do. 

Arsenal2019

Thrugelmir said:

Arsenal2019 said:

 I want to be able to trade worldwide in different markets, also ETF’s, Index funds and be able to invest in pennie stocks and fractional shares!

With just a £1k at your disposal. Suggest you restrict yourself to just one stable and boring investment.  Losing money is very easy to do. 

Yes. Definitely for my first investment I will be investing in something such as the S&P500, FTSE100 or Microsoft. But once that investments in and I have more saved up, I will then divulge further ! 

It’s just because you can only invest in One Isa per year!

xylophone

But once that investments in and I have more saved up, I will then divulge further ! 

Tell us your secret?

Nurse2047

I would open up a vanguard S&S isa and invest in life strategy fund to keep it simple 

https://youtu.be/dxkTvUAuzos

https://youtu.be/lGQ9KyQq8Jw

These maybe helpful 

Arsenal2019

MFW2026 said:

I would open up a vanguard S&S isa and invest in life strategy fund to keep it simple 

https://youtu.be/dxkTvUAuzos

https://youtu.be/lGQ9KyQq8Jw

These maybe helpful 

Ive thought about vanguard. But don’t think it would be right for me as they only have their own Stock picks on there don’t they and it’s a very limited choice! Plus, I wouldn’t be able to invest anywhere else for  a year!

tacpot12

You are having trouble because you are looking for a retail product (a S&S ISA) that allows you to access foreign markets directly. Very, very few retail investors want to do that, so S&S ISAs don't really offer the features you are looking for. 99.9% of retail investors what to access foreign markets via a collective investment such as a Unit Trust Fund, ETF or Investment Trust, and they do this easily within a Stocks and Shares ISA using funds that are denominated in GBP, so there is no currency risk. 

With only £1000 to invest and no experience of losing all your money, I would say you are not really ready for a platform that will let you invest in foreign markets directly. My advice would be to open a SIPP with AJ Bell, and invest your £1000 into the shares that you can invest in directly on their platform. You can invest directly in a number of US and European shares with them.

If you decide that you still want to invest directly in foreign markets, I would suggest you have a look at Saxo.

MX5huggy

Arsenal2019 said:

MFW2026 said:

I would open up a vanguard S&S isa and invest in life strategy fund to keep it simple 

https://youtu.be/dxkTvUAuzos

https://youtu.be/lGQ9KyQq8Jw

These maybe helpful 

Ive thought about vanguard. But don’t think it would be right for me as they only have their own Stock picks on there don’t they and it’s a very limited choice! Plus, I wouldn’t be able to invest anywhere else for  a year!

They don’t have any stock picks they have funds and ETF’s they offer 2 that you have suggested you are interested in an S&P 500 etf and FTSE 100 in either a fund or ETF. Both are a better choice than Microsoft but both also have their problems. 

Arsenal2019

tacpot12 said:

You are having trouble because you are looking for a retail product (a S&S ISA) that allows you to access foreign markets directly. Very, very few retail investors want to do that, so S&S ISAs don't really offer the features you are looking for. 99.9% of retail investors what to access foreign markets via a collective investment such as a Unit Trust Fund, ETF or Investment Trust, and they do this easily within a Stocks and Shares ISA using funds that are denominated in GBP, so there is no currency risk. 

With only £1000 to invest and no experience of losing all your money, I would say you are not really ready for a platform that will let you invest in foreign markets directly. My advice would be to open a SIPP with AJ Bell, and invest your £1000 into the shares that you can invest in directly on their platform. You can invest directly in a number of US and European shares with them.

If you decide that you still want to invest directly in foreign markets, I would suggest you have a look at Saxo.

I’m already investing into a pension so I don’t really want to be adding into another. 

I’ll have a look at Saxo, I haven’t hheard of them before but it is something to think about thanks 

Alexland

Arsenal2019 said:

I am new to this, and only at the minute have around 1K which I can invest. I want to be able to trade worldwide in different markets, also ETF’s, Index funds and be able to invest in pennie stocks and fractional shares!

With time you learn you don't need to trade individual company shares. Sticking to well diversified mainstream investment options such as low cost globally diversified funds/etfs, or maybe for the more advanced investment trusts, should meet most people's needs. There's plenty to learn and think about in just those areas if you put your mind to work. Avoid time consuming and wealth destroying rabbit holes and stick to a good simple plan focusing on regular contributions and managing risk/reward via asset allocation. It might be boring but investing is not about indulging in desires but delivering a result. If you want to have fun go to Butlins which has been improving in recent years but unfortunately you have just missed their amazing monster party.

Ps. don't worry about only being able to add new contributions into one S&S ISA each tax year as you can always request an ISA transfer after which you can continue to contribute into the new account using your remaining annual allowance and the better providers will even support the transferring of mainstream assets between platforms without time out of the market - always worth checking before you signup anywhere.

HCIMbtw

Tradign212 would be the simplest platform I know of.. my mates use Revolut for a bit of share purchasing, but no ISA capability, think there is also once called freetrade maybe? and then there are platforms like eToro which act as share brokers 

AJ Bell and Hargreaves lansdown have the ISA capability but not sure of what stocks you are able to pick.. probably not penny stocks, assume that would be a bit low browfor them, but u can probs check them online (and also look at the fee structure) 

From my own personal perspective stock picking can be fun, but it is rubbish at making money.. i played around with a couple of grand on trading 212 over the past year and bit and with the exception of GME, pretty much chose terrible across the board, found myself impatient and making bad decisions.. (this is in the middle of pretty much the biggest bull run ever) it was a learning process, i don't regret it, but lost a couple of hundred quid in the process 

Also the fees with these types of platform are typically not that favourable 

Depends what you want to do though, u want to gamble on stock picks crack on and good luck, but as Alexland alludes to long term investing that is reliable is actually pretty boring.. one highly diversified global fund is pretty much adequate.. put your money in each month and wait.. that's what I do with my real long term savings