Discussion
Afternoon PH
I'm keen to start investing a small amount each month (£50 - £100), having built up some decent savings I might even start off with a small lump sum to get started (maybe £500 ish).
Being new to investments, I'd started off my research by getting carried away with CFD's but having played around with a demo account have realised quickly that with my current knowledge and understanding I'd probably do just as well with adding more cash to my betfair account.
Anyway, that leads me to the thread title and thinking that I should start off with a share ISA. Only problem is, I don't really know where to start. I think whilst I'm still learning about the market I'd be better placed with an index tracker from the likes of HSBC or L&G rather than picking my own portfolio.
Can anyone recommend a good place to start in terms of research/providers etc rather than actual products? I'm fairly relaxed about risk, as it's only spare cash after savings that I'd be using I'd be open to some higher risk stuff.
Would also welcome any thoughts on how I should go about getting started.
Cheers
Alex
I'm keen to start investing a small amount each month (£50 - £100), having built up some decent savings I might even start off with a small lump sum to get started (maybe £500 ish).
Being new to investments, I'd started off my research by getting carried away with CFD's but having played around with a demo account have realised quickly that with my current knowledge and understanding I'd probably do just as well with adding more cash to my betfair account.
Anyway, that leads me to the thread title and thinking that I should start off with a share ISA. Only problem is, I don't really know where to start. I think whilst I'm still learning about the market I'd be better placed with an index tracker from the likes of HSBC or L&G rather than picking my own portfolio.
Can anyone recommend a good place to start in terms of research/providers etc rather than actual products? I'm fairly relaxed about risk, as it's only spare cash after savings that I'd be using I'd be open to some higher risk stuff.
Would also welcome any thoughts on how I should go about getting started.
Cheers
Alex
Hi,
A good place to start would be with a magazine like 'Shares'mag. That will give you a range of ideas to consider. If you are interested in trackers, then have a look at Ishares, ETF securites and so on. Not all stocks and bonds are eligable to be put into ISA accounts- the securities have to be fully listed on a 'recognised investment exchange'.
I can provide you with an ISA via my firm. PM me for more details if you are interested.
A good place to start would be with a magazine like 'Shares'mag. That will give you a range of ideas to consider. If you are interested in trackers, then have a look at Ishares, ETF securites and so on. Not all stocks and bonds are eligable to be put into ISA accounts- the securities have to be fully listed on a 'recognised investment exchange'.
I can provide you with an ISA via my firm. PM me for more details if you are interested.
snowy said:
This. Great for the small investor, really helpful phone service and great on line account and tools. Have a look at the Wealth 150 which are they're recommended fundsOver the past 15 years I have been investing my ISA allowance in a company called Fidelity investments average return at the moment is 8.75%.
One of the investment funds that has done well over the past 12 months is Investec uk Smaller companies Acc 33.93% rise.
A good website to look at is Trustnet.com where you can see league tables of the best performing funds, some of the best funds are returning 50% but as they say fund can go down as well as up.
One of the investment funds that has done well over the past 12 months is Investec uk Smaller companies Acc 33.93% rise.
A good website to look at is Trustnet.com where you can see league tables of the best performing funds, some of the best funds are returning 50% but as they say fund can go down as well as up.
Edited by Chops45 on Saturday 26th October 11:28
If you like smaller companies, have a look at Standard Life's version of it.
HL will release news of its cleaner share class for funds later this year. It might be worth waiting. OP, if you want to put modest amounts in, make your mistakes early, when the stakes aren't too great. Consider tracker funds to begin with, to keep costs down.
HL will release news of its cleaner share class for funds later this year. It might be worth waiting. OP, if you want to put modest amounts in, make your mistakes early, when the stakes aren't too great. Consider tracker funds to begin with, to keep costs down.
Another vote for HL S&S ISA.
If you want a trouble (and fee) free adventure, then you could do a lot worse than just putting everything in a balanced tracker fund.
I am almost exclusively in the Vanguard Life Strategy 80% fund. (With my SIPP) It works well if you have a larger amount invested, but if you have a small amount (sub £3k) then the monthly £2 platform fee that HL charge on most of their tracker funds can make a big difference to the overall TER (total expense ratio) of the fund.
£2 a month might not sound like much, but it is a lot on a pot of say £1000 and once compounded over say 10 years, will amount to a huge percentage of your investment. (Although the £2 fee does make up an ever shrinking %age of the TER as the balance of your fund increases.)
I've just done the same as you and popped some money (£3k) into an HL S&S ISA and put it all into the HSBC FTSE 250 Acc Fund. Adding £500 a month so as to hit the max annual allowance each year. The £2 platform fee becomes less significant as a %age of the TER after about £3000.
I'm not sure if other platform providers offer better TERs than HL within an ISA. Maybe iii do?
Good luck.
If you want a trouble (and fee) free adventure, then you could do a lot worse than just putting everything in a balanced tracker fund.
I am almost exclusively in the Vanguard Life Strategy 80% fund. (With my SIPP) It works well if you have a larger amount invested, but if you have a small amount (sub £3k) then the monthly £2 platform fee that HL charge on most of their tracker funds can make a big difference to the overall TER (total expense ratio) of the fund.
£2 a month might not sound like much, but it is a lot on a pot of say £1000 and once compounded over say 10 years, will amount to a huge percentage of your investment. (Although the £2 fee does make up an ever shrinking %age of the TER as the balance of your fund increases.)
I've just done the same as you and popped some money (£3k) into an HL S&S ISA and put it all into the HSBC FTSE 250 Acc Fund. Adding £500 a month so as to hit the max annual allowance each year. The £2 platform fee becomes less significant as a %age of the TER after about £3000.
I'm not sure if other platform providers offer better TERs than HL within an ISA. Maybe iii do?
Good luck.
Edited by Mr Noble on Monday 28th October 12:43
Look out for the hidden costs. If you have shares which pay a dividend, HL will charge you 1% to reinvest the dividends for you. You have a divi of £200, all of a sudden, thats another £2 that you didn't read about in the seductive headline material. In fact it would be, but there's a minimum charge of £10!!
PS: It'll be interesting to see how HL prices its funds when it is forced to release news about its clean fund classes in the next month or so.
PS: It'll be interesting to see how HL prices its funds when it is forced to release news about its clean fund classes in the next month or so.
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