stocks isa

masonic

dannybbb said:

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...

I suppose the worst that could happen is that Trading212 was exposed as a giant fraud, and it never deposited cash in the client money accounts it said it held, but instead ran off with it, and instead of making the investments on the S&S side, it used profits from its derivatives business to meet investor claims... until the FCA shut it down and it was discovered there was nothing left. This situation is not going to happen, but if it did you'd be entitled to up to £85k in total in respect of T212's demise.

In a more realistic scenario, almost all of the assets will be in place and your loss would not exceed £85k, even if you held considerably more on the platform.

To receive more than £85k compensation, T212 and one or more of the banks it uses for deposits would have to fail at the same time.

dannybbb

so not too much to worry about safety wise

the fund in my sipp is a hsbc global strategy - balanced and dynamic - i cant seem to find them on trading 212, they seem to be well regarded - would i need to go for vanguard for something similar?

dannybbb

as an alternative - has anyone used a ii managed isa?

ColdIron

dannybbb said:

the fund in my sipp is a hsbc global strategy - balanced and dynamic - i cant seem to find them on trading 212

They don't do open ended funds/OEICs, only shares, investment trusts and ETFs

dannybbb

i see they do Vanguard FTSE All-World UCITS ETF (the "Fund") as an etf but im beginning to think im better off with a managed folio at ii as i  didnt realise you couldnt invest in those kind of funds that suit my lack of experience- so i might look into transferring 

ColdIron

FTSE All World trackers will be 100% equities which is a step up in risk/volatility from your HSBC GS Dynamic and a big step up from your GS Balanced so not really a substitute

masonic

iWeb is probably worth considering as a no-custody fee alternative to ii.

dannybbb

@masonic is the difference between trading 212 and iweb that they offer a wider range of funds?

masonic

dannybbb said:

@masonic is the difference between trading 212 and iweb that they offer a wider range of funds?

iWeb offer all types of fund, so you'll find the likes of HSBC Global Strategy there. If you want some sort of multi-asset fund and are planning to buy and hold, then it is a good option.

dannybbb

thanks yeaheither that or a ready made investment  from ii or halifax, earlier comments make me a bit weary of trading 212 and iweb for larger amounts of money but sounds like that is to be balanced against very low fees