Which S&S ISA? Suggestions please.

cumbrianmale

I want an ISA that I can pay into weekly. I want to contribute £10 per week and I'm happy to look at moderate to higher risk. Which ones would you suggest? 

eskbanker

It'll probably depend on what you want to invest in once it's funded, as some of the cheaper offerings will only support shares or ETFs rather than OEICs, for example - check out the listings at:

https://monevator.com/compare-uk-cheapest-online-brokers/

I don't know where minimum deposit levels are summarised but £10 is very low so you may find it restrictive and might be better to collect larger sums before contributing less regularly.

It also does seem appropriate to question whether investing at that sort of level is suitable at all for your circumstances, or is this just a bit of play money to experiment with?

wmb194

cumbrianmale said:

I want an ISA that I can pay into weekly. I want to contribute £10 per week and I'm happy to look at moderate to higher risk. Which ones would you suggest? 

For just £10 a week I'd suggest InvestEngine. Until recently I was doing £10 a week with it to comply with the terms of an offer. InvestEngine can do it all automatically via Open Banking though not with Lloyds anymore.

dunstonh

cumbrianmale said:

I want an ISA that I can pay into weekly. I want to contribute £10 per week and I'm happy to look at moderate to higher risk. Which ones would you suggest? 

Realistically, until you get to around £8,000, what you choose to invest in will make very little difference.

daz378

I'm similar  I put 10 a week in a medium risk s&s isa extra 20 on pay day..started it off with 500 base few years ago...use moneybox  and 10 in moneybox saver...been over 400 pound most of the dropped down to 300   with recent uncertainties in the market...will have to hold my nerve

eskbanker

daz378 said:

I'm similar  I put 10 a week in a medium risk s&s isa extra 20 on pay day..started it off with 500 base few years ago...use moneybox  and 10 in moneybox saver...been over 400 pound most of the dropped down to 300   with recent uncertainties in the market...will have to hold my nerve

It's unclear if you're saying that your investment has dropped from £500+ or £400+ to £300, but either way round, that's out of line with what should have been expected from a medium risk investment in recent times, which would have been more like a brief 10% dip at worst (and now back to December levels that were after lengthy rising periods)?

dunstonh

been over 400 pound most of the dropped down to 300   with recent uncertainties in the market

Those figures exceed the typical losses during the Trump Slump.  So, this suggests you have gone heavy into a niche area rather than stayed in the mainstream.  e.g. gone heavy on tech stocks.