Best Stock&Share Isa for beginners

grumiofoundation

eskbanker said:

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

Which is which? 

Arsenal2019

Does HL charge per month / annual? Or is it just per trade 

HCIMbtw

Arsenal2019 said:

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

Have you looked at the vanguard funds? take the FTSE global all cap index fund - https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000XXVV

Take a look at the data on the fund (scroll down), its top share holdings are Apple, Amazon, Facebook, Microsoft, Google 

These funds as boring as they are track and hold shares in large and medium size global companies. They give you exposure to global companies, a diversified portfolio that mitigates risk, but reliably tracks global market performance

There is some stupid stat that like 94% of all funds which are managed by stock pickers do not out perform the market.. Unless you are that 6% miracle.. boring funds like these are your best bet.. they literally do all the work and rebalance themselves for you.  

You want to invest long term boring ISA with one globally diversified fund is fine.

You want to gamble on penny stocks, you will need some comparatively expensive app like freetrade to get access to them but almost all in the UK are very limited on this front.. no reason you can't do both 

ColdIron

Arsenal2019 said:

Does HL charge per month / annual? Or is it just per trade 

The platform fee (that 0.45% pa) is taken monthly. Trading fees are taken as you trade

Arsenal2019

ColdIron said:

Arsenal2019 said:

Does HL charge per month / annual? Or is it just per trade 

The platform fee (that 0.45% pa) is taken monthly. Trading fees are taken as you trade

Sorry, unless I’m being extremely thick, but how is it taken monthly if it’s an annual fee?

Arsenal2019

HCIMbtw said:

Arsenal2019 said:

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

Have you looked at the vanguard funds? take the FTSE global all cap index fund - https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000XXVV

Take a look at the data on the fund (scroll down), its top share holdings are Apple, Amazon, Facebook, Microsoft, Google 

These funds as boring as they are track and hold shares in large and medium size global companies. They give you exposure to global companies, a diversified portfolio that mitigates risk, but reliably tracks global market performance

There is some stupid stat that like 94% of all funds which are managed by stock pickers do not out perform the market.. Unless you are that 6% miracle.. boring funds like these are your best bet.. they literally do all the work and rebalance themselves for you.  

You want to invest long term boring ISA with one globally diversified fund is fine.

You want to gamble on penny stocks, you will need some comparatively expensive app like freetrade to get access to them but almost all in the UK are very limited on this front.. no reason you can't do both 

Yes ive noticed what Vangurd offer and it does look good. However, if I went with them I am stuck with just their stocks/etf/funds and cannot buy fractional shares.

haha yes I very much doubt I will fit in that measly 6%! 

You say do both?- you can’t though can you as you’re only able to invest in one Isa per year?

thanks 

ColdIron

Arsenal2019 said:

ColdIron said:

Arsenal2019 said:

Does HL charge per month / annual? Or is it just per trade 

The platform fee (that 0.45% pa) is taken monthly. Trading fees are taken as you trade

Sorry, unless I’m being extremely thick, but how is it taken monthly if it’s an annual fee?

To keep it simple, imagine you have a fund worth £1,000. The annual cost of that is £4.50 which is 37.5 pence per month

Obviously they take into account the value of your holding throughout the year

If you sold £500 after 6 months you would pay 6 * 0.375 = £2.25 and 6 * 0.1875 = £1.125 or £3.375 over the year

HCIMbtw

Arsenal2019 said:

HCIMbtw said:

Yes ive noticed what Vangurd offer and it does look good. However, if I went with them I am stuck with just their stocks/etf/funds and cannot buy fractional shares.

haha yes I very much doubt I will fit in that measly 6%! 

You say do both?- you can’t though can you as you’re only able to invest in one Isa per year?

thanks 

Have one as an ISA, and have one an ordinary account.. 

The ordinary account you would have to pay capital gains tax if you are lucky enough to make over £12,300

This last year while I put money in vanguard ISA, I mess around in an ordinary account on trading212 and lose money 

HCIMbtw

Arsenal2019 said:

ColdIron said:

Arsenal2019 said:

Does HL charge per month / annual? Or is it just per trade 

The platform fee (that 0.45% pa) is taken monthly. Trading fees are taken as you trade

Sorry, unless I’m being extremely thick, but how is it taken monthly if it’s an annual fee?

Something like 0.0375% each month... 0.45%/12 

Arsenal2019

HCIMbtw said:

Arsenal2019 said:

HCIMbtw said:

Yes ive noticed what Vangurd offer and it does look good. However, if I went with them I am stuck with just their stocks/etf/funds and cannot buy fractional shares.

haha yes I very much doubt I will fit in that measly 6%! 

You say do both?- you can’t though can you as you’re only able to invest in one Isa per year?

thanks 

Have one as an ISA, and have one an ordinary account.. 

The ordinary account you would have to pay capital gains tax if you are lucky enough to make over £12,300

This last year while I put money in vanguard ISA, I mess around in an ordinary account on trading212 and lose money 

Oh right!! Yes I understand now. I didn’t know you could do that! That could be a good idea and something I’ll look into. I just hope the fees aren’t too much with Vanguard then as I’ve never looked into it because of the restricted stocks.
Do you find the fees are expensive ?