How much do you keep on any single platform?

mebu60

badger09 said:

ColdIron said:

HL are great for the £2,800/£3,600 annual SIPP contribution especially if you withdraw the relief as soon as it's received. No charges at all and I even got £15.41 tax free interest

I’m leaving mine invested. I don’t need it & can’t envisage ever doing so. It’s a small, but not insignificant shelter from IHT. I’ll only be able to make 1 more contribution, but every little helps. 

Ditto. I've still got 9 years left. Might make enough for a new car by then which should see me out. 

Exodi

silvercue said:

This thread makes me feel poor 

If you go to a car forum and ask what car people drive, you're going to get a lot of flashy cars being described.

It's the same thing if you go to the Savings & Investment boards of a finance forum.

In reality, most people aren't driving a Porsche or holding 1M+ in investments.

Seems obvious but important to remind ourselves of this. I remember feeling the same way when someone asked how much people were putting in their pensions on the pension board, and it felt like everyone and their mothers was putting in 99% of their salary every month, and had a 7 figure pot. 

John464

silvercue said:

This thread makes me feel poor 

Then don't compare yourself with others

“If you compare yourself to others, you may become vain and bitter; for always there will be greater and lesser persons than yourself.”

― Max Ehrmann, Desiderata: A Poem for a Way of Life

Hoenir

Kaizen917 said:

This leads me to the other observation - why is it that many online comparison sites or articles may not even mention zero cost platforms like Trading212 or InvestEngine when listing the best S&S ISAs? Is it some kind of bias or there is a genuine reason to rule them out? I also find it strange that banks are not very bothered to offer a bit more competitive investment ISAs.

This was tucked away in a Trading 212 commentary a while back. 

..........the immediate goal is to increase the number of clients active on the platform, while in the medium term a move from transactional revenue to a subscription based or freemium model will provide a more stable, less volatility-based, revenue stream. It is the company’s intention that profit from the CFD business should support the growth of the share trading side rather than any external source of funding.

Zopa_Trooper

However much it happens to be, I insist it stands behind the yellow line.

Rich1976

silvercue said:

This thread makes me feel poor 

Me too. How the other half live so to speak. One day I may feel wealthy enough to join that club but I very much doubt it, so for now I’ll remain part of the masses destined not to retire until 67 😂.

Bostonerimus1

For bank accounts I'd keep the amount below FSCS insured amount ie 85k for investments. I would not worry about larger amounts, even into the 7 figures, as long as they are with well respected and known platforms.

Millyonare

https://www.iweb-sharedealing.co.uk/ics-service.html

GeoffTF

Millyonare said:

https://www.iweb-sharedealing.co.uk/ics-service.html

The price has been set so high that there are unlikely to be any takers. It is not clear that it adds any security anyway. If Halifax Share Dealing Limited goes bust, and Lloyds Banking Group refuses to bail it out, you are likely to have to pay your share of the Administrator's costs anyway. Hopefully, your share of those costs will be within the FSCS limit.

JG1A

HL £200 pa for SIPP  and IWEB for ISAs oeics £5 for dealing no annual charge.