investing in stocks and shares

DiamondLil

Richard1212 said:

You sound like a candidate for an ISA, Robert. I don't bother with them but they are solid for beginners ( though they usually result in people not bothering to find out all about investing by themselves, which is a shame).
When you learn everything about investing and all its complexities, it is far more interesting to invest in individual companies by yourself ( or with professional advice) via an investment platform  and , if you have enough capital, to filter your money through such a platform and build up your own portfolio.

For someone starting off , leaving boring ISAs aside, you may wish to look at a good investment platform----Etoro springs to mind : simple, straightforward, easy to use ----and you can put in as much as you want and take out as much as you want quickly and efficiently in complete safety ( though the share prices themselves are, of course , never "safe" .

But, as other posters have said, investing is not a simple matter. So my suggestion is to go for ISA; and, if you want to handle your own buying and selling, especially if you have large amounts, take the ISA time to learn all you can about stocks and shares and dealing----there is plenty of info available on google ( and you need all of it ). Whatever you decide on, Robert, I wish you every success and I also hope you have fun as well. All the best.

Oh... I'd best get rid of the ISAs (and previous PEPS) that have given me a decent (tax free) retirement income for 19 plus years.

adindas

robertkwild said:

ok i have read a link and the only real difference between ISA & INVEST is ISA you can only pay in MAX 20k a year and whatever you bank out you wont get taxed, where as invest anything over 2k you do get taxed

but what if you lose your 20k for example (i wont be paying in anywhere near that), lets say you you invest in all the 20k and you lose all of it and its -22k, you wont have to pay back that extra 2k do you

sorry for the dumb question

For general Invest you pay tax for S&S ISA you don't pay this tax. The rate of capital gains tax is 10% for basic rate taxpayers unless any of the gain crosses over into the higher rate band when added on top of income (in which case, that part is taxed at 20%) for gains on your investments.
The other different is that in Invest account you have many more other assets stock that you could trade. Some of these assets, stocks are only available under Invest and not available under S&S ISA.

but what if you lose your 20k for example (i wont be paying in anywhere near that), lets say you you invest in all the 20k and you lose all of it and its -22k, you wont have to pay back that extra 2k do you

sorry for the dumb question

Even you trade under CFD you will never lose money more than you have initially deposited with T212.

https://helpcentre.trading212.com/hc/en-us/articles/360007380097-Can-I-lose-more-money-than-my-deposit-

Can I lose more money than my deposit?
"As a retail client, you will never lose more funds than you have initially deposited to your Trading 212 account.
Due to the Negative Balance Protection policy, we will send a margin call, when you have lost your available funds. Once your positions can no longer be maintained, we will automatically close them and protect you from going into a negative balance"

Just be aware of people will generally do CFD once they are very familiar with S&S ISA, General Invest

sevenhills

robertkwild said:

ok i have read a link and the only real difference between ISA & INVEST is ISA you can only pay in MAX 20k a year and whatever you bank out you wont get taxed, where as invest anything over 2k you do get taxed

but what if you lose your 20k for example (i wont be paying in anywhere near that), lets say you you invest in all the 20k and you lose all of it and its -22k, you wont have to pay back that extra 2k do you

You can but shares in your favourite supermarket, Tesco for instance.
You could be 20% up or down within twelve months, but it's unlikely that you will lose all your money. Most likely you will make a profit.

grumiofoundation

Richard1212 said:

You sound like a candidate for an ISA, Robert. I don't bother with them but they are solid for beginners ( though they usually result in people not bothering to find out all about investing by themselves, which is a shame).
When you learn everything about investing and all its complexities, it is far more interesting to invest in individual companies by yourself ( or with professional advice) via an investment platform  and , if you have enough capital, to filter your money through such a platform and build up your own portfolio.

For someone starting off , leaving boring ISAs aside, you may wish to look at a good investment platform----Etoro springs to mind : simple, straightforward, easy to use ----and you can put in as much as you want and take out as much as you want quickly and efficiently in complete safety ( though the share prices themselves are, of course , never "safe" .

But, as other posters have said, investing is not a simple matter. So my suggestion is to go for ISA; and, if you want to handle your own buying and selling, especially if you have large amounts, take the ISA time to learn all you can about stocks and shares and dealing----there is plenty of info available on google ( and you need all of it ). Whatever you decide on, Robert, I wish you every success and I also hope you have fun as well. All the best.

Do you know what an ISA is? The OP clearly doesn't so your post doesn't really help.

An ISA doesn't invest for you and you can, as has been said, invest in individual companies through an ISA. 


P. S. What is ISA time? 

grumiofoundation

robertkwild said:

sorry, i just want to add, can i make money from the ISA account in the short term like i can with the invest account and for both i cant lose more than i put in can i?

The returns you get are determined by what you invest in. Not by the fact it is or isn't an ISA.

Prism

Richard1212 said:

You sound like a candidate for an ISA, Robert. I don't bother with them but they are solid for beginners ( though they usually result in people not bothering to find out all about investing by themselves, which is a shame).
When you learn everything about investing and all its complexities, it is far more interesting to invest in individual companies by yourself ( or with professional advice) via an investment platform  and , if you have enough capital, to filter your money through such a platform and build up your own portfolio.

For someone starting off , leaving boring ISAs aside, you may wish to look at a good investment platform----Etoro springs to mind : simple, straightforward, easy to use ----and you can put in as much as you want and take out as much as you want quickly and efficiently in complete safety ( though the share prices themselves are, of course , never "safe" .

But, as other posters have said, investing is not a simple matter. So my suggestion is to go for ISA; and, if you want to handle your own buying and selling, especially if you have large amounts, take the ISA time to learn all you can about stocks and shares and dealing----there is plenty of info available on google ( and you need all of it ). Whatever you decide on, Robert, I wish you every success and I also hope you have fun as well. All the best.

What makes you think that you can't build up a portfolio of companies in an ISA? 

Richard1212

sevenhills said:

robertkwild said:

ok i have read a link and the only real difference between ISA & INVEST is ISA you can only pay in MAX 20k a year and whatever you bank out you wont get taxed, where as invest anything over 2k you do get taxed

but what if you lose your 20k for example (i wont be paying in anywhere near that), lets say you you invest in all the 20k and you lose all of it and its -22k, you wont have to pay back that extra 2k do you

You can but shares in your favourite supermarket, Tesco for instance.
You could be 20% up or down within twelve months, but it's unlikely that you will lose all your money. Most likely you will make a profit.

So you've already learned about ISAs and the alternatives, Robert, so you're off to a good start---and the main thing is to keep reading and learning in order to be in a better position to safeguard your money as far as you can. I have already made my comments for you to read and I hope they have helped a bit. I reinforce what I said to you in my earlier post now that you have said that you will not be investing sums over £20,000. Go for an ISA---and while it is ticking away, get to know more about making investments via a platform in case you want to go down that route at some future time.

And, as sevenhills always posts good stuff, I agree with what he has said.

Once again, all the very best with your new venture into the world of investments. Cheers.

bostonerimus

Robert, do you have a workplace pension? That's the place you should start your investing journey, but here are some thoughts for now.

Pay off all high interest debt like loans and credit cards.
Save 6 months spending in the bank for emergencies.
Research your workplace pension. Understand the difference between defined contribution and define benefit pensions and find out which you have. If you have a defined contribution fund it will have some investment funds inside it that are made up of many individual companies and or bonds. Learn about them. Google is your friend. Your pension is the best place to invest over the long term because of the tax advantages. 
Then look at buying multi-asset or index funds inside an ISA as that means any growth will be tax free. Open your ISA with a mainstream platform like Vanguard, Hargreaves and Lansdown, Fidelity etc.

Google any terms you don't understand and avoid individual company stocks and stick to savings accounts and investment funds.

NoviceInvestor1

Richard1212 said:

You sound like a candidate for an ISA, Robert. I don't bother with them but they are solid for beginners ( though they usually result in people not bothering to find out all about investing by themselves, which is a shame).
When you learn everything about investing and all its complexities, it is far more interesting to invest in individual companies by yourself ( or with professional advice) via an investment platform  and , if you have enough capital, to filter your money through such a platform and build up your own portfolio.

For someone starting off , leaving boring ISAs aside, you may wish to look at a good investment platform----Etoro springs to mind : simple, straightforward, easy to use ----and you can put in as much as you want and take out as much as you want quickly and efficiently in complete safety ( though the share prices themselves are, of course , never "safe" .

But, as other posters have said, investing is not a simple matter. So my suggestion is to go for ISA; and, if you want to handle your own buying and selling, especially if you have large amounts, take the ISA time to learn all you can about stocks and shares and dealing----there is plenty of info available on google ( and you need all of it ). Whatever you decide on, Robert, I wish you every success and I also hope you have fun as well. All the best.

Someone with this level of knowledge should not be offering advice or opinions to others. 

Richard1212

NoviceInvestor1 said:

Richard1212 said:

You sound like a candidate for an ISA, Robert. I don't bother with them but they are solid for beginners ( though they usually result in people not bothering to find out all about investing by themselves, which is a shame).
When you learn everything about investing and all its complexities, it is far more interesting to invest in individual companies by yourself ( or with professional advice) via an investment platform  and , if you have enough capital, to filter your money through such a platform and build up your own portfolio.

For someone starting off , leaving boring ISAs aside, you may wish to look at a good investment platform----Etoro springs to mind : simple, straightforward, easy to use ----and you can put in as much as you want and take out as much as you want quickly and efficiently in complete safety ( though the share prices themselves are, of course , never "safe" .

But, as other posters have said, investing is not a simple matter. So my suggestion is to go for ISA; and, if you want to handle your own buying and selling, especially if you have large amounts, take the ISA time to learn all you can about stocks and shares and dealing----there is plenty of info available on google ( and you need all of it ). Whatever you decide on, Robert, I wish you every success and I also hope you have fun as well. All the best.

Someone with this level of knowledge should not be offering advice or opinions to others. 

Why such vitriol and hate when I have been investing for over 30 years and have a large portfolio usually consisting of diverse companies in about 8 or 9 sectors ?  All I have done is to recommend an ISA to Robert as he seems like a good candidate---but also mentioned how much fun and interest comes from investing without the ISA umbrella, but that he should learn as much as he can first. Surely that paraphrasing of my post cannot elicit such a nasty post as yours ???? .Bewildered!