Best Stock&Share Isa for beginners

Albermarle

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

It is not a matter of being 'lowbrow' . These platforms ( and similar) have to maintain confidence that they are reputable and solid companies to their largely inexperienced retail clientele.

So they can not offer unregulated  items like penny stocks , which often plummet to zero value , 

Arsenal2019

Alexland said:

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.

I appreciate that response a lot; thank you. I think I am maybe expecting / wanting to do too much and thinking way ahead of myself.
I presume I can invest in many ETFs and Index’s with FreeTrade; mainly because their fees are lower. I am leaning towards either Freetrade of HL. Probably more so Freetrade as there fees are lower 

Arsenal2019

HCIMbtw said:

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 

thank you! I would jump at T212 now but they’re not currently taking on new customers. I’ve looked at a fiends Freetrade account today and their portfolio and all the stocks on there. Looks alright, especially for what I need at the minute as a new customer 

Arsenal2019

Albermarle said:

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

It is not a matter of being 'lowbrow' . These platforms ( and similar) have to maintain confidence that they are reputable and solid companies to their largely inexperienced retail clientele.

So they can not offer unregulated  items like penny stocks , which often plummet to zero value , 

Do you know who do penny stocks? Not that because I want to spend my time solely in them, but maybe just to spend the odd £20 or so every now and then - as  hobby.
obvs I would put all my attention and money into safer options for the long run

Alexland

Arsenal2019 said:
I presume I can invest in many ETFs and Index’s with FreeTrade; mainly because their fees are lower. I am leaning towards either Freetrade of HL. Probably more so Freetrade as there fees are lower 

Freetrade charge £36 pa for their ISA and HL charge 0.45%. The cheapest option would probably be investing in ETFs with InvestEngine (especially with the signup bonus) but I wouldn't mind paying for the significantly more established Vanguard Investor at 0.15% ongoing provided you were happy to be restricted to their own mostly multi asset or index funds / ETFs some of which are very good value.

HCIMbtw

Albermarle said:

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

It is not a matter of being 'lowbrow' . These platforms ( and similar) have to maintain confidence that they are reputable and solid companies to their largely inexperienced retail clientele.

So they can not offer unregulated  items like penny stocks , which often plummet to zero value , 

Good point well made, i just chose low brow because it was less words 

Arsenal2019

Alexland said:

Arsenal2019 said:
I presume I can invest in many ETFs and Index’s with FreeTrade; mainly because their fees are lower. I am leaning towards either Freetrade of HL. Probably more so Freetrade as there fees are lower 

Freetrade charge £36 pa for their ISA and HL charge 0.45%. The cheapest option would probably be investing in ETFs with InvestEngine (especially with the signup bonus) but I wouldn't mind paying for the significantly more established Vanguard Investor at 0.15% ongoing provided you were happy to be restricted to their own mostly multi asset or index funds / ETFs some of which are very good value.

A lot of people have suggested Vanguard. But due to their restricted stocks, I’m not a fan of the idea 

HCIMbtw

Arsenal2019 said:

Alexland said:

Arsenal2019 said:
I presume I can invest in many ETFs and Index’s with FreeTrade; mainly because their fees are lower. I am leaning towards either Freetrade of HL. Probably more so Freetrade as there fees are lower 

Freetrade charge £36 pa for their ISA and HL charge 0.45%. The cheapest option would probably be investing in ETFs with InvestEngine (especially with the signup bonus) but I wouldn't mind paying for the significantly more established Vanguard Investor at 0.15% ongoing provided you were happy to be restricted to their own mostly multi asset or index funds / ETFs some of which are very good value.

A lot of people have suggested Vanguard. But due to their restricted stocks, I’m not a fan of the idea 

Yep they are rubbish for stock picking, you literally can't do it 

But they are very cheap to use if you want to build a pot through regular contributions and have a pretty decent range of diversified funds and index trackers.. 

I'm 44% up since starting investing in October 2019 in their ISA.. i'll be negative if global markets crash, but whatever, just stick with the long term plan and keep contributing 

Arsenal2019

HCIMbtw said:

Arsenal2019 said:

Alexland said:

Arsenal2019 said:
I presume I can invest in many ETFs and Index’s with FreeTrade; mainly because their fees are lower. I am leaning towards either Freetrade of HL. Probably more so Freetrade as there fees are lower 

Freetrade charge £36 pa for their ISA and HL charge 0.45%. The cheapest option would probably be investing in ETFs with InvestEngine (especially with the signup bonus) but I wouldn't mind paying for the significantly more established Vanguard Investor at 0.15% ongoing provided you were happy to be restricted to their own mostly multi asset or index funds / ETFs some of which are very good value.

A lot of people have suggested Vanguard. But due to their restricted stocks, I’m not a fan of the idea 

Yep they are rubbish for stock picking, you literally can't do it 

But they are very cheap to use if you want to build a pot through regular contributions and have a pretty decent range of diversified funds and index trackers.. 

I'm 44% up since starting investing in October 2019 in their ISA.. i'll be negative if global markets crash, but whatever, just stick with the long term plan and keep contributing 

I presume most of the ETF’s and Index’s are also on other sites such as Freetrade; obviously not the ones that are ONLY available for Vanguard customers?

and yes that’s the plan. To invest and not to touch for at least 15 -20 years

eskbanker

Arsenal2019 said:
I am leaning towards either Freetrade of [or] HL.

I need a new car - I'm leaning towards a Ferrari or a Skoda