Stocks & Shares ISAs
Comments
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Any reason not to use first directs stocks and shares nisa?
I find it hard to know what they charge.
Yes, without even looking what it is they offer. They haven't even made it onto any of the long shortlists of the best platforms:
http://monevator.com/compare-uk-cheapest-online-brokers/
http://www.comparefundplatforms.com/
What attracts you to First Direct's S&S ISA?0 -
Any reason not to use first directs stocks and shares nisa?
I find it hard to know what they charge.
Isn't not knowing what they charge enough reason to not use them when you can go to plenty of others that are very clear on their charges?Remember the saying: if it looks too good to be true it almost certainly is.0 -
Hi,
I have an old isa that I havent paid into for a while. I got £30 compensation for CPP (trough this site, thanks!!!) so I went to put into my TSB isa, where I was asked to sign an Application To Restart Subscriptions To Your Cash ISA form. Which I duly did. The cashier told me that my ISA is getting 0.5% so I paid the cheque in and left thinking I would move it to a better rate, however upon closer inspection of the form it seems I have signed up for a whole year (my fault for not reading the small print properly). I signed the form on the 10/1014, do I have a cool of period so I can go back a say I don't want it or am I committed? Any advice much appreciated.0 -
You'd get 5% with tsb current accountRemember the saying: if it looks too good to be true it almost certainly is.0
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ok so I have decided on using Cavendish as a platform.
As a starting point what are peoples views on the Model Portfolios?
This is the medium risk tracker model. (Tracker good option?)
Legal & General All Stocks Index Linked Gilt Index Trust - (M) Acc 10%
BlackRock Corporate Bond Tracker Fund Class D Acc 20%
HSBC UK Gilt Index Fund Acc C 10%
HSBC FTSE 250 Index Fund Acc C 10%
BlackRock Emerging Markets Equity Tracker Fund Class D Acc 10%
Fidelity Index UK Fund P-Acc 15%
BlackRock Global Property Sec Eq Tracker Class D Acc 10%
Vanguard FTSE Developed World ex-U.K.Equity Index Fund Acc 15%0 -
ok so I have decided on using Cavendish as a platform.
As a starting point what are peoples views on the Model Portfolios?
This is the medium risk tracker model. (Tracker good option?)
Legal & General All Stocks Index Linked Gilt Index Trust - (M) Acc 10%
BlackRock Corporate Bond Tracker Fund Class D Acc 20%
HSBC UK Gilt Index Fund Acc C 10%
HSBC FTSE 250 Index Fund Acc C 10%
BlackRock Emerging Markets Equity Tracker Fund Class D Acc 10%
Fidelity Index UK Fund P-Acc 15%
BlackRock Global Property Sec Eq Tracker Class D Acc 10%
Vanguard FTSE Developed World ex-U.K.Equity Index Fund Acc 15%
These are the Fidelity portfolio headstarts
35%
Fixed income
Fidelity Strategic Bond Fund Y-Accumulation
M&G Global Macro Bond Fund I Acc
Threadneedle Global Bond Fund RDR Z Inc Net
65%
Equities
Liontrust UK Growth Fund I - Inc
BNY Mellon Long Term Global Equity Institutional W Acc
Rathbone Global Opportunities Inst Acc0 -
Just to update my posts above, the FTSE 100 has continued to move just sideways, not up, and is at 6,700, roughly where it started 2014,
The long term average warning line, , though, is now only also at around 6700, so if it spends a week or so below 6,600, then for many people there will be flashing amber lights – or even red lights.
http://uk.finance.yahoo.com/q/ta?s=%5EFTSE&t=1y&l=off&z=l&q=l&p=m300&a=&c=
At the moment the FTSE looks have done 10% worse than, say, the USA, because of weaknesses in some of the big sectors Mining, Retail and Financials. http://www.hl.co.uk/news/articles/the-changing-face-of-the-ftse-100
I won’t waffle on what is a scrimpers website – it is really a topic for a keen investor website. but just want to add that if the 2013 uptrend (in the UK at least) lis coming to an end – I emphasise “If” - then you can't simply sit back and hope. You should at least monitor monthly your shares and funds, and should weed out your worst performing funds (as their poor performance probably shows the managers aren’t good at choosing sectors) and be clear about what sort of investor you are:
1.Worried - switch to cash;
2. Confident - stick and add on pullbacks,
3. Steady - add monthly/quarterly, or
4. Stubborn –Assume the USA stockmarket pulls up the UK stockmarket so stick and hold whatever, even through 10%, 20%, 50% pullbacks on the theory that the USA will eventually pull up the FTSE and long term stockmarkets “always” recover.
Although with low interest rates the two suggested portfolios above look to have too much fixed interest, this for the while reduces the impact of a stockmarket move downwards.
(It’s a good education time, really, as you have to think about the sectors in your portfolio and deciding your strategy.)0 -
Just to clarify that I am not saying you need to study in detail which industries etc your overall portfolio is exposed to. All you can more practically do is to measure fund performance. You just need to have in the back of your mind, however, the sorts of choices your UK stockmarket fund manager has had to make and which may explain much of why one fund has done better than another.. . . .
At the moment the FTSE looks have done 10% worse than, say, the USA, because of weaknesses in some of the big sectors Mining, Retail and Financials. . . . . You should at least monitor monthly your shares and funds, and should weed out your worst performing funds (as their poor performance probably shows the managers aren’t good at choosing sectors) . . . .
(It’s a good education time, really, as you have to think about the sectors in your portfolio and deciding your strategy.)
Why has the UK FTSE 100 been flat in 2014, whereas US is up much more? Well, imagine you are currently a pension fund manager in, say, Germany, Hong Kong, the USA or even London. Yes you may buy a few funds holding shares in Europe, Asia, and the UK, on the theory that these look cheaper than the USA , but most of the money you will want to put it into the real thing , i.e. the USA.
The question for UK investors is yes we can feel more comfortable investing in funds of UK companies, but should we actually likewise be more biased towards USA (or at least towards "global").
Of course, the existing US funds available find it very hard to beat a US tracker, so a stockbroker-type ISA platform offering cheap US ETFs such as VUSA are therefore a better choice than a fund supermarket-type platform0 -
For better or worse there is a How to invest board on this website. A beginner could find good just the first two paragraphs of this post but the rest of the thread goes well up itself and should be on a specialist website instead. http://forums.moneysavingexpert.com/showpost.php?p=67101740&postcount=4. . . .
I won’t waffle on what is a scrimpers website – it is really a topic for a keen investor website. . . . .0
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