Investing

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81927522#Comment_81927522

When you've maxed your Isas, that's life. The good thing about Trading212 is that it's zero commission and offers fractional shares so your £50 is fully invested.

penners324

Why not transfer the cash isa to an S&S ISA? Or better still your pension

seacaitch

»» my cash ISA is maxed out for this year and will be for the new tax year when I fund it, but I'm wanting to put £50 or so away in something similar to a stocks and shares ISA.

it's mainly for a bit of fun to see how it increases each day. ««

This sounds like it's a waste of time, unless it's intended as your first baby step into regular long term investing…

You're putting 20k into a Cash ISA next month, on top of another 20k+ you already have, and maybe you have other cash savings in addition to this ~40k(?). Given the relative sizes of this 40k+ & the 50 quid, any realistic changes in the value of the latter - up or down - won't really mean much to you, or provide much "fun", because the amount is so immaterial to your personal wealth. Any novelty of changes in value of the £50 will soon wear off.

You can use this to your advantage, though, if you respond to this boring state of affairs, by taking the opportunity to begin investing £50 per month every month, automatically via Direct Debit etc. And then start periodically increasing that £50/month to eg. £100/month, £200/month as your income grows. And do all of this in a tax-advantaged account, such as a S&S ISA or Personal Pension (SIPP). And keep this up for years, so that you begin compounding wealth over the longer term.

That's how to have (deferred!) fun - by getting wealthy slowly via regularly investing money that you barely miss at the time but which eventually grows into serious money. If this £50 initial investment leads onto you adopting that behaviour, then it's worthwhile, and your future self will be very grateful you took that first step. Important if there! Up to you to act on it.