Stocks & Shares ISA

[clipperjay]

A lot of praise for HL, I think I'll set up an account with them.  Going to make regular £50 investments 

The plan is to select funds with no initial charge, HL get a full discount on some of them.  They also get discount on some AMC's as well.  Going to start off with one fund, then add over time.  Looking to start with Majedie UK Equity, then have a little play with emerging markets, just a little I'm prepared to gamble with.

I'm lucky in that the Bank I work for actually prices a lot of the funds.  I drink with the person who prices Majedie funds, and I actually value Blackrock funds myself 

Declear your investments with the compliance team you might be restricted into what you actually manage fella, but you know that already 

[bobbarley]

Aye, we have some software for registering our investments. It's retrospective though, we just have to tell them what we've bought, as opposed to getting permission. Only restriction is we can't trade short positions.

[clipperjay]

Aye, we have some software for registering our investments. It's retrospective though, we just have to tell them what we've bought, as opposed to getting permission. Only restriction is we can't trade short positions.

LOL good old days gone! I started emerging markets for JPM the amount of positions I had to cover killed me as the overdrafts were 800% per day! I even called them exotics 
Sounds like you know where to get the info, surely you must have a few Bloomburg and Reuters machines doing nothing 

[bobbarley]

 

Yeah got a couple of Bloomberg machines, really useful 

[jv]

Watch out for the ISA fees, usually hidden well. I have a Halifax account - nice interface, updates etc but there are some cheeky ongoing charges. I was going to move elsewhere but then there are lots more transfer fees. There's another provider with very low charges who's name escapes me... I'll think of it later!

[clipperjay]

Watch out for the ISA fees, usually hidden well. I have a Halifax account - nice interface, updates etc but there are some cheeky ongoing charges. I was going to move elsewhere but then there are lots more transfer fees. There's another provider with very low charges who's name escapes me... I'll think of it later!

Yes the cost of selling units and buying into is very well hidden sometimes large unit sellers drastically reduce funds and the costs of selling to make payout gets spread across index's which you rearly see TBH. 

[jv]

I wasn't meaning the total expense ratio type stuff although you obviously need to be aware of that too. Halifax and many other Share ISA providers charge an ongoing fee for just running the account.

Halifax:
0.05% per month - min £2.16 plus VAT, max £8.33 plus VAT (paid half-yearly)

So it costs you a minimum of 31 quid a year to have the account open.

[clipperjay]

I wasn't meaning the total expense ratio type stuff although you obviously need to be aware of that too. Halifax and many other Share ISA providers charge an ongoing fee for just running the account.

Halifax:
0.05% per month - min £2.16 plus VAT, max £8.33 plus VAT (paid half-yearly)

So it costs you a minimum of 31 quid a year to have the account open.

Yeah the commission part JV To be honest unless you buy bulk trades buying units and paying commision is still the cheapest way of investing. It costs me about £10 per trade, but there are funds that you can buy directly into which cuts out middle men, but then do you have time to switch/manage funds types and watch by sectors on best performers? You can run software to do it for you though but thats another level.
Back in the day Saturn was a good choice but I've been out of the game quite awhile even though I still do the odd trade when it comes my way 

[RedHP]

I have been trading quite a lot since the fiscal crash in 2007/2008. As I prefer to do my trading instantly online, without having to phone anyone, I decided to use Selftrade.
However, you need to review how often you will trade as service charges have changed recently. There is a comparison site to help you decide, also bear in mind the trade charges etc.

If you require any info, please PM me

Red

[bobbarley]

I was looking at Selftrade earlier funnily enough.  I decided against them as their charges are too high, £1.50 per fund traded is pretty bad when everyone else is doing them for free.  I want to do regular monthly investments, so a % charge per year works out better for me.

Just opened up a HL account and set u a regular monthly investment.  Just a shame they won't make the first transaction until March!