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Post by bracknellboy on Apr 5, 2019 8:27:52 GMT
OPutside of my pension investments, I am woefully under invested in equities. Or more accurately, I'm woefully over invested in cash rather than other investments.
I'm interested to know which platforms people use for investing, and why.
I currently have AJ Bell for some limited investment.
Arguable that now is not hte time to be changing that balance, but that is a different question.
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registerme
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Post by registerme on Apr 5, 2019 8:29:18 GMT
IWeb for me - simple, cheap, wide range of funds etc available.
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Post by Ace on Apr 5, 2019 9:32:51 GMT
Mostly vanguard life strategy funds for me. Cheap to hold and single find covers globe.
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adrianc
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Post by adrianc on Apr 5, 2019 9:42:06 GMT
I'm wondering the exact same thing currently.
A quick look around suggests Degiro as a good, solid low-cost albeit low-research platform. I'm not worried about the platform's research or information, there's plenty of information out there. Any thoughts or experience?
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Post by Deleted on Apr 5, 2019 11:36:29 GMT
I have "buy and hold" assets and more flexible assets as I am slowly moving from S&S to Trusts and Funds as I free up more time for life.
For example I hold some directly from the manager as it saves me the portal costs (0.25% is my norm) these numbers soon add up.
Then I use ii, Fidelity, halifax, jarvis, Ajbell, etc normally for different types of investments to minimise the cost of holdings and the cost of trading. I try to make sure that I have no more that 25% of my capital with any one portal and when cash is involved I work to the £80k limit, but frankly that is getting harder and harder. I like a portal to have been around for at least 5 years and to be making a profit. Generally the software has to be useable and honest. When I find one is very very poor I cull pretty quickly. I've culled three in the past 5 years, when features were dropped or answers were hard to come by.
I find institutional memory is about 12 weeks long, so I tend to get coms in writing. One thing I would warn you is there is now a push for portals to be more "transparent". This does not mean better communicators or indeed understand the difference between data and information.
Of the ones I mention
AJBell software is poor but hey they get awards.
Fidelity software is terrible, but I put up with it as the range is very useful
ii software is pretty good, it is the old TD software and it works fine
Jarvis software is incredibly simple and old, so stable Halifax software is fine. HL software is poor, but stable
I don't use any of these guys to provide information. Halifax used to offer good info but dropped out during a management reshuffle.
I decided to be heavily in the market during the Brexit 4 year programme but mainly out of the UK even if with a UK manager, working well so far.
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Post by dan1 on Apr 5, 2019 11:45:28 GMT
Outside of my pension investments, I am woefully under invested in equities. Or more accurately, I'm woefully over invested in cash rather than other investments.
I'm interested to know which platforms people use for investing, and why.
I currently have AJ Bell for some limited investment.
Arguable that now is not hte time to be changing that balance, but that is a different question.
I know you know this but I'll say it anyway, pensions are just tax wrappers as are ISAs but with different rules around taxation and access. I prefer to consider my whole portfolio in terms of the asset allocation considering my personal circumstances (age, income, debts, dependents, blah blah blah). You may also want to consider any DB pension as a bond, and adjust your remaining asset allocation accordingly. In terms of platforms, whichever you decide on then have a dig around MSE Forums for the pros and cons (e.g. I was put off II by slow dividend payments - I can do without that).
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Steerpike
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Post by Steerpike on Apr 5, 2019 13:16:40 GMT
... HL software is poor, but stable
... I have found HL staff very helpful, knowledgeable, and efficient and have always managed to do with the software whatever I needed, but I must be missing out, so I would be interested to know the facilities that are available on competitive platforms?
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Post by Deleted on Apr 5, 2019 13:56:56 GMT
HL Just hard to get around, with badly laid out information, pages that pulls down (due to mouse overtravel) in the way. Just not a clean design so I know everything will take time as the site catches up with instructions. The fees are based on individual accounts, so if you have say £200k in SIPPS and £200k in ISA and £200k in a cash account you don't pay the reduced fees for more than £250k accounts you pay the higher fees (not the case across the other portals). I find finding things very difficult and I don't like using it much. Unlike say Jarvis which is cheap and simple or ii which is a fair bit simpler. I think HL suffers from being an early entrant. If you are used to it fine, as a new user, I might avoid.
I find none of the people on any of these sites difficult, why would they be?
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Post by bracknellboy on Apr 5, 2019 16:46:12 GMT
Outside of my pension investments, I am woefully under invested in equities. Or more accurately, I'm woefully over invested in cash rather than other investments.
I'm interested to know which platforms people use for investing, and why.
I currently have AJ Bell for some limited investment.
Arguable that now is not hte time to be changing that balance, but that is a different question.
I know you know this but I'll say it anyway, pensions are just tax wrappers as are ISAs but with different rules around taxation and access. I prefer to consider my whole portfolio in terms of the asset allocation considering my personal circumstances (age, income, debts, dependents, blah blah blah). <<snip>> Agreed. Another way of saying this is I'm too heavy in cash overall but the place I need to take action to rectify that is outside my DC pensions (which are not SIPPs), hence interest in platforms.
Thanks for everyone's comments / inputs so far.
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michaelc
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Post by michaelc on Apr 5, 2019 16:54:34 GMT
IWeb for me - simple, cheap, wide range of funds etc available. +1 for me BUT I seem to recall having to pay a heck of a lot for US stocks. Can't recall the details but remember thinking at the time I should only use them for UK stocks from now on.
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stevio
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Post by stevio on Jun 1, 2019 0:04:29 GMT
ISA? LISA?
% broker for small amounts. Fixed fee for larger sums
Fixed Fees iWeb UK S&S Interactive Brokers UK&US $100k+ holdings
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zlb
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Post by zlb on Jun 4, 2019 16:56:08 GMT
I'm wondering the exact same thing currently. A quick look around suggests Degiro as a good, solid low-cost albeit low-research platform. I'm not worried about the platform's research or information, there's plenty of information out there. Any thoughts or experience? I use Degiro - they have given announcements about brexit and how it would affect them. I pressed them on the issue and they appear to generally give the impression that they won't be able to continue to trade - and would transfer holdings to another provider. They aren't information-rich as far as I can see. Charts etc. Easy to use. Freetrade are free but you need a device which they can install app on.
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adrianc
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Post by adrianc on Jun 4, 2019 21:01:20 GMT
I'm wondering the exact same thing currently. A quick look around suggests Degiro as a good, solid low-cost albeit low-research platform. I'm not worried about the platform's research or information, there's plenty of information out there. Any thoughts or experience? I use Degiro - they have given announcements about brexit and how it would affect them. I pressed them on the issue and they appear to generally give the impression that they won't be able to continue to trade - and would transfer holdings to another provider. www.degiro.co.uk/helpcenter/faq/about-degiro/1058Makes sense. And, currently, I think it crosses them off for me. Simply too much uncertainty at the mo. Freetrade sounds good - but I hate using apps on phones or (merely really dislike) tablets... Give me a proper computer, anyday!
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zlb
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Post by zlb on Jun 4, 2019 22:14:58 GMT
I use Degiro - they have given announcements about brexit and how it would affect them. I pressed them on the issue and they appear to generally give the impression that they won't be able to continue to trade - and would transfer holdings to another provider. www.degiro.co.uk/helpcenter/faq/about-degiro/1058Makes sense. And, currently, I think it crosses them off for me. Simply too much uncertainty at the mo. Freetrade sounds good - but I hate using apps on phones or (merely really dislike) tablets... Give me a proper computer, anyday! ... if it means free trades. Both of them, I think I read once, blurry memory, rely upon being being able to borrow your money there for someone else to use for hedging...I 'think'. One can pay extra on degiro to have this not happen.
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adrianc
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Post by adrianc on Jun 5, 2019 7:44:36 GMT
"If you can't tell product they're selling, you are the product."
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