Clarification on Stocks and Shares ISA

greenface

dunstonh wrote: »

Cofunds are a great stocks and shares ISA provider. I have my own ISAs with them. You dont need to move provider just because you are unhappy with a certain fund. The whole point of fund supermarkets is that you have the 1000+ funds available to switch between without having to change the provider.

Whilst commercial property funds dropped a lot over the last 12 months, they have stabalised in recent months which just very small drops. Equity funds have now more or less matched commercial property funds in their drops so far. Many fixed interest funds now look attractive with high yields as they have had a poor run over the last few years.

The use of Cofunds usually means you have access to advice from an IFA. It may be worth you speaking to them.

Dunstonh your knowledge is plain and to the point i thank you and this board would be a little more confused without you.:beer:

I am happy with cofunds and the service is plain and to the point also; easy read info with no bull in the same envelope and although i have lost in my first full year with my investments.I think i have gained more out of this than i would have without the losses.thanks again

markandjayne

Hi
great thread - very informative
I have just opened a sefl-trade self select ISA account
Please can you tell me if I fund it with 7200 and buy shares to this value, am I then free to sell shares within the ISA and buy more?
Are the dividends payable received as cash into the ISA and then free to be used to buy more shares - again all within the same singe years S&S ISA allowance?
cheers

cheerfulcat

markandjayne wrote: »

Please can you tell me if I fund it with 7200 and buy shares to this value, am I then free to sell shares within the ISA and buy more?

Yes, you are. You can trade to your heart's content.

Are the dividends payable received as cash into the ISA and then free to be used to buy more shares - again all within the same singe years S&S ISA allowance?

Yes to both.