We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Best Stock&Share Isa for beginners

Options
13567

Comments

  • 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? 
  • Does HL charge per month / annual? Or is it just per trade 
  • HCIMbtw
    HCIMbtw Posts: 347 Forumite
    Fifth Anniversary 100 Posts Name Dropper

    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
    ColdIron Posts: 9,816 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    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

  • ColdIron 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?
  • HCIMbtw 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
    ColdIron Posts: 9,816 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    edited 3 November 2021 at 7:13PM
    ColdIron 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
    HCIMbtw Posts: 347 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    edited 3 November 2021 at 7:08PM
    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
    HCIMbtw Posts: 347 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    ColdIron 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 
  • HCIMbtw 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 ?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.