stocks isa

dannybbb

I have cash isas around 260000 and have been considering putting some of it into a stocks isa - a alreadt have a cash one with trading 212 of around 95000  - im not sure if i can transfer part of it, ill look into that but was wondering if there are any reccomended stocks isas either provider or funds?

thanks in advance

dunstonh

im not sure if i can transfer part of it

In most cases you can but in some you cannot.

but was wondering if there are any reccomended stocks isas either provider or funds?

There are over 30,000 options available to you.    You may wish to look at the information you have given us to help filter some of those options down.

Eyeful

Hope this of some help to you                          Notes for Newbies

1. Any money needed within 5 years should be in a Bank/Building Society account covered by the FSCS up to £85K.

2. Use tax shelters where possible (a) Pensions (b) ISA's

3. INVESTING means putting your money at risk. You hope to get more out than you put in, but this this not guaranteed

4. Think of investing in the stock markets as a game.

    Long term (say at least 10 years) its called "investing" odds of winning = HIGH.

    Short term (say few days/weeks) its called "speculating" or "trading" odds of winning = small

5. Simple method of investing boils down to this:

(a) Low Cost Global Multi Asset Funds (for Cautious types & those that want more Control)

     You pick the share/bond split, you are most comfortable with.

Example:  https://www.hsbc.co.uk/investments/products/hsbc-global-strategy-portfolios/#balanced

(b) Passive Low Cost Global Index Tracking Funds or ETF's (for the Adventerous with a very long time frame) 

     Here its shares = 100%. It may produce the highest return but is the most risky.

Example: https://www.trustnet.com/factsheets/o/kldq/hsbc-ftse-all-world-index

6.  Academic research shows that most "active fund managers" after charges are applied,

    do not beat a MAJOR  GLOBAL WORLD INDEX. 

7. Before investing:

(a) Clear all expensive debt first (except for mortgage)

(b) Have a "Rainy Day" account for emergencies (6 months of house hold bills, is often quoted).

 8. SIMPLE INVESTING IN DETAIL (advantages, easy to understand  & implement).

(a) First watch this: https://www.kroijer.com/

(b) Then read these

     https://monevator.com/passive-fund-of-funds-the-rivals/

     https://monevator.com/best-global-tracker-funds/

9.  I suggest staying away from individual shares & crypto. 

Albermarle

What does your pension provision look like? How old are you?
 What has made you keep so much in cash and only thinking about investing some now ?

dannybbb

Eyeful said:

Hope this of some help to you                          Notes for Newbies

1. Any money needed within 5 years should be in a Bank/Building Society account covered by the FSCS up to £85K.

2. Use tax shelters where possible (a) Pensions (b) ISA's

3. INVESTING means putting your money at risk. You hope to get more out than you put in, but this this not guaranteed

4. Think of investing in the stock markets as a game.

    Long term (say at least 10 years) its called "investing" odds of winning = HIGH.

    Short term (say few days/weeks) its called "speculating" or "trading" odds of winning = small

5. Simple method of investing boils down to this:

(a) Low Cost Global Multi Asset Funds (for Cautious types & those that want more Control)

     You pick the share/bond split, you are most comfortable with.

Example:  https://www.hsbc.co.uk/investments/products/hsbc-global-strategy-portfolios/#balanced

(b) Passive Low Cost Global Index Tracking Funds or ETF's (for the Adventerous with a very long time frame) 

     Here its shares = 100%. It may produce the highest return but is the most risky.

Example: https://www.trustnet.com/factsheets/o/kldq/hsbc-ftse-all-world-index

6.  Academic research shows that most "active fund managers" after charges are applied,

    do not beat a MAJOR  GLOBAL WORLD INDEX. 

7. Before investing:

(a) Clear all expensive debt first (except for mortgage)

(b) Have a "Rainy Day" account for emergencies (6 months of house hold bills, is often quoted).

 8. SIMPLE INVESTING IN DETAIL (advantages, easy to understand  & implement).

(a) First watch this: https://www.kroijer.com/

(b) Then read these

     https://monevator.com/passive-fund-of-funds-the-rivals/

     https://monevator.com/best-global-tracker-funds/

9.  I suggest staying away from individual shares & crypto. 

thanks for the detailed reply - im late to starting a pension but am doing that through my ltd company - i have decided to not touch the isas and add them. to the retirement pot so might as well invest  so im happy to invest them. i have global hsbc fund in my SIPP.  happy to do similar for the isa although i couldnt see hsbc on trading 212 pplatform where i hold my stocks isa. i put a few thousand in vanguard to get my head around how it all works  - would you split it or just put all in one global tracker?

dannybbb

@Albermarlepension? rubbish but working on it - taking cash from my business  and looking at getting the isas invested? why so much in cash? business, lack of trust, lasck of financial education caution and stupidity, i have around 750k in cash - all in good accounts but am well aware of why this isnt a good strategy, as if there was a strategy!

Albermarle

dannybbb said:

@Albermarlepension? rubbish but working on it - taking cash from my business  and looking at getting the isas invested? why so much in cash? business, lack of trust, lasck of financial education caution and stupidity, i have around 750k in cash - all in good accounts but am well aware of why this isnt a good strategy, as if there was a strategy!

You could maybe benefit from seeing an IFA to work out a strategy !

Eyeful

1. Which Vanguard product are you invested in?

2. You & I are different people, age, wealth, circumstances, risk tolerance, etc. So what I would do is not really the point. 

3. There is nothing stopping you from using Trading 212 & an additional platform which does hold the funds or ETF's you want to hold. Just be careful in your choice of platform & keep the charges/ fees low.

4. A "commission free" platform is eye-catching but they must make a profit or they go out of business.
   There is no such thing as a "free lunch", someone has to pay & a business is going to make sure its not them! 
    https://monevator.com/how-do-zero-commission-brokers-make-money/     
        
5. The FSCS protection offered to savings & investing is different.
FSCS protection checker for savings, investments & pensions shown below (third heading along). Bookmark it.
https://www.fscs.org.uk/check/     

6. Will the FSCS protect my investments?
The FSCS short answer is maybe. This is because not all investments are protected.  
https://monevator.com/maximising-fscs-protection-for-your-investment-portfolio/

7. If you do think of looking for an Independent Financial Advisor (IFA) below might be of interest to you.
https://www.which.co.uk/money/investing/financial-advice/how-to-find-a-financial-adviser-afZ375F6BIiC
                                   

dannybbb

@Eyeful
1. vanguard FTSE all world acc

Re trading 212 i went there as a new place to hold a cash isa but was easy to split some f it into a stocks isa which i had been meaning to do. My sipp is with ii and has seemed to be going ok .  As im pretty cautious and am not looking to make big returns i read a lot about keeping costs low  to preserve gains  and so i didnt see an issue with trading 212 - i also saw they are FCAS protected up to 85k although im a little over that.

I have spoken to an adviser in the past but had a bad experience. I also have read a fair bit about how managed  doesnt beat global trackers so this is how I ended up where i am. 

at the moment i have 85k cash isa at trading 212 and 9 k in the stocks although only 2k is invested so far.

the article on how 212 make money didnt seem to relate to the funds im intending to hold but it does make me nervous, would you reccomend another platform for a better balance of fees and safety? i suppose at this point i could still get out fairly easily

thanks again

wmb194

dannybbb said:

the article on how 212 make money didnt seem to relate to the funds im intending to hold but it does make me nervous, would you reccomend another platform for a better balance of fees and safety? i suppose at this point i could still get out fairly easily

Don't worry about it. Your assets will be ring-fenced from the business anyway but the point is that T212 makes decent profits so shouldn't be failing anytime soon. Apparently its longer run plan is to introduce a 'freemium' model similar to Freetrade's and CMC Invest's.

dannybbb

so in theory bothe the 85k in cash and the 10 k in stocks would be protected if the worst happened? would you go elsewhere - i could transfer soe more from the cash isa into the stocks one - both at 212 and then arange for the stocks one (or cash one)  to be transferred
moreover with cash isa being 5.12% what do you think about the extra risk vs the probably small additional potential gain achieved by global funds (with the potential loss factored) im just trying to make a decision on how much to transfer to the stocks isa given that im thinking of not touching it for 10 years. I know no one can make that decision for me but would be interested in other people perspectives...