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ISA - Stocks and Shares
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Anyone that uses Trading212 - is there a guide i could use or videos to help me understand how to use the platform please?My Signature is MY OWN!!0
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slenderkitten said:Anyone that uses Trading212 - is there a guide i could use or videos to help me understand how to use the platform please?
Are you stuck on something?0 -
slenderkitten said:Petriix said:slenderkitten said:Albermarle said:slenderkitten said:Petriix said:Knowing nothing about buying shares, I've just opened a Stocks and Shares ISA with Trading 212. I got a free random share worth £44 by using a referral link. They give 1% cashback (which you can't withdraw for a year) on any ISA deposits and pay 5.2% variable interest on anything held as cash. They also seem to charge no commission on any trades.
I'm sure more experienced people can tell you the potential down sides, but this seems pretty decent in comparison to other platforms.
They will lose money gaining market share, and then either start to introduce charges for premium service, or get bought out for the customer base. ( especially if they still losing money after a couple of years)
Also they have a larger part of their business which is trading in CFD's. This is more profitable and much more risky for the punter ( it is just gambling really).
I suspect by getting customers for ISA's, they hope to tempt then into the CFD side.2 -
Philosophical question:
Suppose I wasn't going to use my ISA allowance otherwise... Would there be any issues say depositing £500 each month after payday then withdrawing it again? I could accumulate the cashback and earn a bit of interest without retaining the investment.0 -
Petriix said:Philosophical question:
Suppose I wasn't going to use my ISA allowance otherwise... Would there be any issues say depositing £500 each month after payday then withdrawing it again? I could accumulate the cashback and earn a bit of interest without retaining the investment.0 -
Petriix said:Petriix said:Philosophical question:
Suppose I wasn't going to use my ISA allowance otherwise... Would there be any issues say depositing £500 each month after payday then withdrawing it again? I could accumulate the cashback and earn a bit of interest without retaining the investment.1 -
Petriix said:Petriix said:Philosophical question:
Suppose I wasn't going to use my ISA allowance otherwise... Would there be any issues say depositing £500 each month after payday then withdrawing it again? I could accumulate the cashback and earn a bit of interest without retaining the investment.My Signature is MY OWN!!0 -
slenderkitten said:Petriix said:Petriix said:Philosophical question:
Suppose I wasn't going to use my ISA allowance otherwise... Would there be any issues say depositing £500 each month after payday then withdrawing it again? I could accumulate the cashback and earn a bit of interest without retaining the investment.1 -
I've been looking around YouTube and online people saying Vanguard S&P 500 is a good one to invest in when I look on Trading 212 app (I'm brand new to all of this so don't understand terminology yet), there appear to be several of them, any help so I know which one i should be looking at here?My Signature is MY OWN!!0
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I've been looking around YouTube and online people saying Vanguard S&P 500 is a good one to invest inAs part of your US equity allocation, then its not a bad option. However, that is just one part of the jigsaw. If you are going to use single sector funds, then you need a fund for each country or region. e.g. UK equity, Europe, Japan, Asia, emerging markets etc.
Maybe you should stop looking at youtube as it appears to be sending you down the wrong route as you acknowledge you are not an experienced investor.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1
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