ISAs - Baffled

lj3287

Hi

I have a mini cash ISA and was looking to fill my remaining allowance with shares but I have no idea where to start?

Do you just buy a mini-share ISA? What does this mean? Is it just a bucket you fill with your own choice of shares/funds?

Well I did say I was baffled!

Any help would be appreciated, could someone possibly give me a step by step example of how to do this?

Many thanks and sorry for being a bit slow.

LJ

SirSaveALot_2

lj3287 wrote: »

Hi

I have a mini cash ISA and was looking to fill my remaining allowance with shares but I have no idea where to start?

Do you just buy a mini-share ISA? What does this mean? Is it just a bucket you fill with your own choice of shares/funds?

Well I did say I was baffled!

Any help would be appreciated, could someone possibly give me a step by step example of how to do this?

Many thanks and sorry for being a bit slow.

LJ

Hi

An ISA is just a wrapper, so just like you can have various savings accounts in Cash ISAs, you can have various investmetnts in Stocks and Shares ISAs.

For example, Self Trade offer a share dealing ISA for direct investments in shares, or there are "Funds Supermarkets" where you can buy various funds inside an ISA. Or you can just buy many specific investment products with an added ISA wrapper.

ISA wrappers around funds generally come for free, but Self Trade for example charge £25 a year for the Stocks and Shares self-select ISA.

So first you need to decide what sort of investment - shares, funds, bonds, etc. You need to be aware of the risks involved of course (i.e. you might lose money).

Then look at the ISA to put it in. For ISA-specific questions, you might be better off on the ISA sub-board (there's a link to it at the top of the forum listing).

Regards
SirSaveALot

lj3287

SirSaveALot wrote: »

Hi

An ISA is just a wrapper, so just like you can have various savings accounts in Cash ISAs, you can have various investmetnts in Stocks and Shares ISAs.

For example, Self Trade offer a share dealing ISA for direct investments in shares, or there are "Funds Supermarkets" where you can buy various funds inside an ISA. Or you can just buy many specific investment products with an added ISA wrapper.

ISA wrappers around funds generally come for free, but Self Trade for example charge £25 a year for the Stocks and Shares self-select ISA.

So first you need to decide what sort of investment - shares, funds, bonds, etc. You need to be aware of the risks involved of course (i.e. you might lose money).

Then look at the ISA to put it in. For ISA-specific questions, you might be better off on the ISA sub-board (there's a link to it at the top of the forum listing).

Regards
SirSaveALot

Cheers for your help!