Hargreaves Lansdown past performance data

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new666uk
new666uk Posts: 17 Forumite
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in Savings & investments
Hi all,


We have a bit of cash we're looking to put into something other than fast living, about £10k.


I'm interested in a HL stock and share ISA but having had a bit of a google I can't see any guide on past performance to gauge it against. Does or has anyone see this and could you link to it?



The option is to find a crap savings account and just dump the cash in there but aware it's effectively shrinking YoY.



Thanks

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  • JohnRo
    JohnRo Posts: 2,887 Forumite
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    If you aren't talking about their managed service then HL themselves just facilitate the purchase of investments via a nominee account and charge you a fee for doing so.

    The actual investment product you choose to buy via HL is what will drive the performance. The HL fees (amongst others) are what will then provide a drag on that performance.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • wjr4
    wjr4 Posts: 1,130 Forumite
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    A Stocks & Shares ISA is a tax wrapper which holds investments. Where do you want the money invested?
    I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.
  • marlot
    marlot Posts: 4,934 Forumite
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    HL just provides the platform. There are literally thousands of funds you can choose from via them.

    If the level of choice feels overwhelming then you could choose one of the simple funds to get going.
    Perhaps Legal & General International Index Trust.
  • george4064
    george4064 Posts: 2,811 Forumite
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    Hargreaves Lansdown is just an investment platform, one their services they offer is Stocks & Shares ISA and clients can invest in anything they want to (provided they are eligible).

    Have a good read here to learn what S&S ISAs are and how to get started: https://www.moneysavingexpert.com/savings/stocks-shares-isas/#what
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2021 - #027 £15,268 (76%)
  • Albermarle
    Albermarle Posts: 22,134 Forumite
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    As an analogy you can see HL as supermarket and you buy things ( investments in this case ) off the shelves.
    Although slightly confusingly they have a few of their own brand funds mixed in with all the other ones.

    Another way to look at it is if you held fund X in HL ISA and Fund X in another ISA , they would perform the same . The only difference is that HL and other companies offering ISA's charge a small fee for operating the ISA and the fees are not identical.
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