S&S ISA platform Funds, Shares, ETF, IT

inkypinky999

Hi All,

 I have ~40K cash in a saving account with 0.1% interest. I want to invest them into a S&S ISA but need some inputs on

1. what best funds to opt for
2. which platform to choose. I want to be able to buy funds, shares, ETF, IT with minimum overall cost (i.e. platform charge + dealing charge, fund mgmt charge i understand comes on top of it),

my trade volumes are not consistent it may be 4-8 week to 4-5/month so need flexibility at minimal cost.

current i have funds in fidelity ISA (was cavendish pre fidelity acquisition) & vanguard S&S ISA

HSBC Global Strategy Balanced Portfolio C Acc

Vanguard LifeStrategy 80% Equity Acc

LifeStrategy® 100% Equity Fund - Accumulation

U.S. Equity Index Fund - Accumulation

I use Trading212 for day to day share dealing - i find it comfortable due to no trading charge although they charge via price spread
i have iii trading account with some shares in it don't do much trading so may want to transfer out from there 

InvesterJones

Handily, MSE have a guide for the platform question:

https://www.moneysavingexpert.com/savings/stocks-shares-isas/

from a quick look I think iweb might be the cheapest option for that volume of trades.

For best funds to chose, no-one here would be allowed to give advice as that's regulated, but you can speak to an independent financial advisor - MSE have a guide for that too:

https://www.moneysavingexpert.com/savings/best-financial-advisers/

However we can speak generally.

What sectors/areas are you interested in investing in with the funds? At the moment it looks like you've got very broad funds together with specific shares. There's also a middle ground where you have funds that target particular areas, so not as specific as day trading shares, but more specific than global funds - and you can of course choose between passive trackers and active management.

ChilliBob

Invest Engine is a new 'disruptor' that's worth a consideration for ETFs - they have an isa wrapper now too. Some decent cashback, I think £500 at the moment too.

It's new though, so depends how you feel about backing something like that vs ii. 

Lloyds are dirt cheap for fund transactions. 

I tend to keep all my stuff together, not sure if you can open an isa with two providers and put say 10k in each?!

grumiofoundation

InvesterJones said:

Handily, MSE have a guide for the platform question:

https://www.moneysavingexpert.com/savings/stocks-shares-isas/

from a quick look I think iweb might be the cheapest option for that volume of trades.

For best funds to chose, no-one here would be allowed to give advice as that's regulated, but you can speak to an independent financial advisor - MSE have a guide for that too:

https://www.moneysavingexpert.com/savings/best-financial-advisers/

However we can speak generally.

What sectors/areas are you interested in investing in with the funds? At the moment it looks like you've got very broad funds together with specific shares. There's also a middle ground where you have funds that target particular areas, so not as specific as day trading shares, but more specific than global funds - and you can of course choose between passive trackers and active management.

Not sure about that - OP says 4-8 week to 4-5/month - not clear what exactly this means but use of / implies 4-5 per month - which would be fees of over £200 per year based on £5 per trade.

ChilliBob said:

Invest Engine is a new 'disruptor' that's worth a consideration for ETFs - they have an isa wrapper now too. Some decent cashback, I think £500 at the moment too.

It's new though, so depends how you feel about backing something like that vs ii. 

Lloyds are dirt cheap for fund transactions. 

I tend to keep all my stuff together, not sure if you can open an isa with two providers and put say 10k in each?!

Investengine (edited) cashback would be £150 for 40k

https://investengine.com/terms-incentives/

You can open as many ISAs as you want it is contributing new money that is limited to one stocks and shares ISA per tax year.
Whether the cash ISA would allow partial transfers out would depend on the provider. 
As you say though not really an advantage to this.

grumiofoundation

inkypinky999 said:

Hi All,

 I have ~40K cash in a saving account with 0.1% interest. I want to invest them into a S&S ISA but need some inputs on

1. what best funds to opt for
2. which platform to choose. I want to be able to buy funds, shares, ETF, IT with minimum overall cost (i.e. platform charge + dealing charge, fund mgmt charge i understand comes on top of it),

my trade volumes are not consistent it may be 4-8 week to 4-5/month so need flexibility at minimal cost.

current i have funds in fidelity ISA (was cavendish pre fidelity acquisition) & vanguard S&S ISA

HSBC Global Strategy Balanced Portfolio C Acc

Vanguard LifeStrategy 80% Equity Acc

LifeStrategy® 100% Equity Fund - Accumulation

U.S. Equity Index Fund - Accumulation

I use Trading212 for day to day share dealing - i find it comfortable due to no trading charge although they charge via price spread
i have iii trading account with some shares in it don't do much trading so may want to transfer out from there 

As mentioned in my post how often would you be trading? Not really clear from your posts if you are looking to trade or buy and hold (or both)?

There is a massive amount of overlap with all these 4 funds you currently hold. As poster says no one really comment on the 'best' funds. 

Albermarle

inkypinky999 said:

Hi All,

 I have ~40K cash in a saving account with 0.1% interest. I want to invest them into a S&S ISA but need some inputs on

1. what best funds to opt for
2. which platform to choose. I want to be able to buy funds, shares, ETF, IT with minimum overall cost (i.e. platform charge + dealing charge, fund mgmt charge i understand comes on top of it),

my trade volumes are not consistent it may be 4-8 week to 4-5/month so need flexibility at minimal cost.

current i have funds in fidelity ISA (was cavendish pre fidelity acquisition) & vanguard S&S ISA

HSBC Global Strategy Balanced Portfolio C Acc

Vanguard LifeStrategy 80% Equity Acc

LifeStrategy® 100% Equity Fund - Accumulation

U.S. Equity Index Fund - Accumulation

I use Trading212 for day to day share dealing - i find it comfortable due to no trading charge although they charge via price spread
i have iii trading account with some shares in it don't do much trading so may want to transfer out from there 

As you already have an understanding of different types of investments and are buying and selling shares , then not sure the forum can help that much . Most new posters are relatively clueless and can be pointed in the right direction . What you are after is specific advice on what funds to buy which is different.

GeoffTF

grumiofoundation said:
Investengine would be £150 for 40k

InvestEngine is currently free, unless you use the robo-adviser.

DireEmblem

inkypinky999 said:

I use Trading212 for day to day share dealing - i find it comfortable due to no trading charge although they charge via price spread
i have iii trading account with some shares in it don't do much trading so may want to transfer out from there 

If you opened up your ISA with 212 you would have no platform fees, but they only allow for cash ISA transfers at the moment if you ever wanted to move away.

Also to correct they do not charge via price spread in shares.  This is illegal.

You need to decide which fund first, and then find the best platform that fits.  For simplicity you could go with the lifestrategy funds, and pick a different % based on how long you plan to invest for.

GeoffTF

DireEmblem said:

inkypinky999 said:

I use Trading212 for day to day share dealing - i find it comfortable due to no trading charge although they charge via price spread
i have iii trading account with some shares in it don't do much trading so may want to transfer out from there 

Also to correct they do not charge via price spread in shares.  This is illegal.

...unless he is using CFDs.

grumiofoundation

GeoffTF said:

grumiofoundation said:
Investengine would be £150 for 40k

InvestEngine is currently free, unless you use the robo-adviser.

I was referring to the cashback the poster mentioned (edited post) not platform charge. 

wmb194

I'd look at Freetrade for shares and ETFs but it doesn't offer OEICs. After the £100 opening fee iWeb is good for holding OEICs for free. The problem is you're not going to find the holy grail of a cheap broker that does everything you want. I've ended up using different brokers for different things and this seems to be the case for most people.