first equity isa

yesterday

i want to get invested into isa equity 8,000 this year and 8000next year. would using commshare be a good idea. was thinking on the lines off 4grand in peru 4 in india 4 in china 4 in russia prefer high risk high profit investing . can any body give some do or dont things to be on the look out for.

Mikeyorks

yesterday wrote: »

prefer high risk high profit investing .

Don't we all;) . The only problem is, if you've been reading these threads recently ....... that the two things don't always go together.

yesterday wrote: »

. can any body give some do or dont things to be on the look out for.

Yes - get some independent advice. You need it ... just on the basics that the limit for a Maxi ISA is £7k! And no one (read the Stickys) is going to give you investment advice on a non-regulated site.

yesterday

yes ive 4000 left after the 3000 cash isa its my wifes isa that makes its 8000

dasherman

With all the market volitility recently,you might be better off drip feeding it. That way you're (in theory) less likely to see huge falls in one go - say, £1k every month or two.

I've had no experience of Commshare,but I've always found Hargreaves Lansdown very good.

yesterday

does it cost more to drip feed . dont like paying fees of any sort

dunstonh

dont like paying fees of any sort

You are paying fees on your savings account. They are just implicit though and you dont know what they are. With stocks and shares the charges are explicit and disclosed.

Emerging markets tend to have higher charges due to the nature of regions they invest in.

Dont go paranoid on charges. Some people let it dictate how they invest and stick all their money in FTSE trackers and then complain when performance isnt very good. Charges are a secondary consideration.

does it cost more to drip feed

No. However, there are pros and cons to monthly contributions. It can reduce the risk a bit over the short term but it can also reduce the returns or increase them. However, you wont know which is best until you look back. Sometimes phasing the investment is a better option as its similar to pound cost averaging but over a much shorter period.

dasherman

yesterday wrote: »

dont like paying fees of any sort

Most actively managed funds charge 5-5.25% initially,so on a £1k investment you will pay around £50 even before your money is invested.

But if you go with someone like Hargreaves Lansdown (I only quote them because I use them & have no experience of any others) then the charge can be as low as 0.25% or in some cases 0%,because they can arrange discounts with the providers.

You will then typically pay a 1-1.5% annual charge,although some can be 1.75%.

Mikeyorks

yesterday wrote: »

yes ive 4000 left after the 3000 cash isa its my wifes isa that makes its 8000

Apologies ... I've got used to people saying 'invest £6k' .... and realising that is £3k each for self and spouse. Somehow hadn't spotted that 2 x 4 = 8 !:o

Hargreaves Lansdown probably your best bet - but choose funds carefully.

Bazn

yesterday wrote: »

i want to get invested into isa equity 8,000 this year and 8000next year. would using commshare be a good idea. was thinking on the lines off 4grand in peru 4 in india 4 in china 4 in russia prefer high risk high profit investing . can any body give some do or dont things to be on the look out for.

being the cynical contrarian i am... i can't help but think that posts like this are one of the surest signs that emerging markets are in bubble!

King_Weasel

dunstonh wrote: »

However, there are pros and cons to monthly contributions. It can reduce the risk a bit over the short term but it can also reduce the returns or increase them.... Sometimes phasing the investment is a better option as its similar to pound cost averaging but over a much shorter period.

Sorry, dunstonh, you've lost me. Can you please clarify the distinction you are drawing between monthly contributions, phasing and pound cost averaging?

Thanks.