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help: investing into stocks and shares ISA
madhusudhan
Posts: 70 Forumite
Hello All,
I have not used all of my Shares and Stocks mini ISA of 4000 for this year – currently I’m paying only £50 towards this ISA (cash ISA is already fully utilized for 3k for this year). So, I would definitely consider investing into this S&S ISA for this year. My main considerations are – medium to high risk portfolio, low admin charges (HSBC is charging me 2% everymonth!) and good ruturns.
Advance Thanks
M
I have not used all of my Shares and Stocks mini ISA of 4000 for this year – currently I’m paying only £50 towards this ISA (cash ISA is already fully utilized for 3k for this year). So, I would definitely consider investing into this S&S ISA for this year. My main considerations are – medium to high risk portfolio, low admin charges (HSBC is charging me 2% everymonth!) and good ruturns.
Advance Thanks
M
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Comments
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I'm not sure what you are asking. No one can advise or recommend specific funds on here if that is what you are after.0
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We can say that you shouldnt be using a bank or building society though
Not unless you like paying charges and getting poor quality funds.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
madhusudhan wrote:low admin charges (HSBC is charging me 2% everymonth!).
M
2% of what ?! Your portfolio value ? Thats 24% per annum - surely not
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I just pulled a few funds on HSBCs list and they ranged from 0-5% initial charge and 0.5-1.5% AMC. This puts them in line with what you would expect from a bank.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Yes, that's the industry standard - but its a long way from "2% every month". 0
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