Stocks & Shares ISA

FrugaiMacDugal

wmb194 said:

dunstonh said:

Scruffy_Meee said:

I was thinking about putting £50 or so a month into a stocks and shares ISA for a bit if fun. Just wondering if anyone could recommend a good one.
TIA

The OP doesn't say anything about investing. Speculation can be fun.

A Stocks and Shares ISA (S&S ISA) is a tax-efficient investment account in the UK, allowing you to invest in shares, funds, and other investments

Ah, smart, invest or speculate?

Investing can be fun, but speculating can be risky.

eskbanker

FrugaiMacDugal said:

wmb194 said:

dunstonh said:

Scruffy_Meee said:

I was thinking about putting £50 or so a month into a stocks and shares ISA for a bit if fun. Just wondering if anyone could recommend a good one.
TIA

The OP doesn't say anything about investing. Speculation can be fun.

A Stocks and Shares ISA (S&S ISA) is a tax-efficient investment account in the UK, allowing you to invest in shares, funds, and other investments

Ah, smart, invest or speculate?

Investing can be fun, but speculating can be risky.

Are you trying to suggest that a S&S ISA should only be used for investing, rather than speculating/trading?

FrugaiMacDugal

eskbanker said:

Are you trying to suggest that a S&S ISA should only be used for investing, rather than speculating/trading?

Depends on your risk tolerance, high or low.

wmb194

FrugaiMacDugal said:

wmb194 said:

dunstonh said:

Scruffy_Meee said:

I was thinking about putting £50 or so a month into a stocks and shares ISA for a bit if fun. Just wondering if anyone could recommend a good one.
TIA

The OP doesn't say anything about investing. Speculation can be fun.

A Stocks and Shares ISA (S&S ISA) is a tax-efficient investment account in the UK, allowing you to invest in shares, funds, and other investments

Ah, smart, invest or speculate?

Investing can be fun, but speculating can be risky.

I don't understand your argument. An Isa is just a tax wrapper. Otherwise you can do whatever you'd do with a normal GIA, other than hold foreign currency anyway.

Even with small amounts that might not attract taxation in a GIA they are worth using just to avoid the record keeping burden of GIAs.

eskbanker

FrugaiMacDugal said:

eskbanker said:

Are you trying to suggest that a S&S ISA should only be used for investing, rather than speculating/trading?

Depends on your risk tolerance, high or low.

That's answering a different question!  I'm not looking to debate the relative merits of investing versus trading but querying your apparent assertion that S&S ISA as a vehicle is applicable to one but not the other, after your posting of an unattributed definition seemingly suggesting that....

MetaPhysical

I love learning about this and likewise consider it to be fun.  I've got my daughters (25, 22,18) to open S+S ISAs and convinced them to keep chucking £100 a month into them.  I wish to god I had done this when I was younger, accepted that there weren't the platforms to be able to do this 30 years ago.
This stuff should be taught at schools instead of pronouns!!!!!

masonic

Whatever your opinion about the virtues of trading and speculation, the ISA wrapper is extremely valuable to those partaking as their tax affairs could otherwise be very complex.

MeteredOut

dunstonh said:

Scruffy_Meee said:

I was thinking about putting £50 or so a month into a stocks and shares ISA for a bit if fun. Just wondering if anyone could recommend a good one.
TIA

Investing shouldn't be fun.  If you think it is fun, then either you are easily satisfied or you are doing it wrong.

i.e. you set up the ISA, set the £50 and don't need to look at it again for another 15 years.  It is not exactly what most people would call fun, because, in reality, until you get to over £8k, it doesn't really matter what you invest in.

I disagree. Some people like gambling, and set aside some money each month as a fun fund. I see what the OP is suggesting as little different to that, but more likely to gain (or at least retain) their outlay (unless they start doing, eg, crypto).