Transferring ISA to avoid Fees?

MX5huggy

jimjames said:

MX5huggy said:

You’re going to be paying fees whoever you use. I’m too lazy to be chasing after offers, Vanguards 0.15% platform fee an fund fees of between 0.06 and 0.23% (avoiding anything active) suit me on similar sized ISA. 

iWeb charge no fees for the portfolio although you still pay fund manager.

But £100 account opening fee and £5 per trade, which are both free with VG last 12 months I’ve done 26 trades (just buys of Global trackers). Once I have a sizeable ISA I can see having a just hold it account with IWeb could work. 

k_man

silvercue said:

dunstonh said:

Do you have the knowledge, understanding and experience to have confidence in your own confidence?i.e. Broadly speaking, the best times to invest is when people or fearful and the worst time is when everyone is confident.    So, by the time you become confident, you have probably gone past the point it was best to invest.  Statistically, phasing results in lower returns most of the time.   Trying to time the market even more so.  Especially if you don't understand that investments will go down as well as up and those negative periods have nothing to do with the administrator of your investments

Yes, I have been investing in stocks and crypto for some time and have experienced much better returns than the ~10% S&P 500 for example.  The main improvement I need to make is selling when we are at highs rather than holding too long, as opposed to finding good buying opportunities.  

The reason I am using my ISA allowance is that I just want to spread my investments around more, so not just my manually manged stocks/cryptos, but ISAs, higher interest savings accounts etc.

I still have some cash I am looking for a home for.  

Do you mean the funds inside the ISA, rather than the ISA itself (which is just a wrapper).

The act of holding part of your portfolio inside an ISA has potential tax benefits, but is not diversification of itself.

silvercue

jimjames said:

silvercue said:

I have added my £20k allowance with Money Farm and it is split between a S&S and Cash portfolio (I added this a little later).  The Cash portfolio was so I could use up allowance but drip feed to S&S depending in my confidence in the markets

The time to invest is when markets are low not when they've risen. Look up the quote from Buffett about being fearful.

Which is exactly why I put funds in a cash portfolio because it uses my allowance and as markets were clearly going to nose dive with US interest rate hikes and a war brewing in Europe - I wanted to add the funds to S&S later.  Seeing as markets plummeted 10% 2 months in a row after that, it was the correct move.  

Now I have been adding them in while markets are lower, but as they may go lower still I am not just using all of it.  

dunstonh

and as markets were clearly going to nose dive with US interest rate hikes and a war brewing in Europe

Markets frequently rise during periods of war.   Indeed, markets initially fell when Russia invaded Ukraine but rose above the point pre-invasion point later on.   The issues that have spooked the markets have little to do with Russia directly.

Seeing as markets plummeted 10% 2 months in a row after that, it was the correct move.  

A lucky call once doesn't mean you will be lucky each time.  You won't be as most market falls and jumps are down to unpredictable events.

Eco_Miser

silvercue said:

The reason I am using my ISA allowance is that I just want to spread my investments around more, so not just my manually manged stocks/cryptos, but ISAs, higher interest savings accounts etc.

You can manually manage stocks inside an ISA just as easily as in a GIA.