sd2
Member of DD Central
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Stocks
Mar 15, 2021 22:06:46 GMT
Post by sd2 on Mar 15, 2021 22:06:46 GMT
PS didn't get the money till January 2021 but invested £20,000 of it in December the rest in January. So missed the best time. Pity. So only up about 2% at the moment but its at least a 10 year horizon.
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sd2
Member of DD Central
Posts: 621
Likes: 224
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Stocks
Mar 15, 2021 22:12:22 GMT
Post by sd2 on Mar 15, 2021 22:12:22 GMT
As an aside they gave me the 21 year figure of 49,000. I am 64 .....I think they are implying that my life expectancy is 85 years of age? What a cheek. My plan is to be the oldest man on earth.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Stocks
Mar 17, 2021 13:49:09 GMT
Post by keitha on Mar 17, 2021 13:49:09 GMT
someone I know has remortgaged his house at 3% to invest in the stock market. Another friend has taken his Mortgage holiday and invested the money in stocks
Jeesus F.C. Christ.
The stupidity of some people.
the one who has taken the mortgage holiday has rung me today because his annual statement didn't add up. It seems when he took the mortgage holiday he "thought" that for 3 months he would make no payments and no interest would accrue, I no longer have a mortgage but my understanding was one of 2 things would happen, A) your mortgage would take 3 months longer to pay off so if you have 15 years to pay at the start of the holiday you'd have 15 years to pay at the end ( not 14 years 9 months ) and would pay a little more each month to cover interest, or B) your mortgage would pay off on the same date but you would pay more to make up for the interest over the 3 month holiday.
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sd2
Member of DD Central
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Stocks
Mar 19, 2021 11:16:20 GMT
Post by sd2 on Mar 19, 2021 11:16:20 GMT
I think both A and B are an option. Thats based on people I know who lost there jobs and only had to pay interest while out of work. The social payed the interest though. They lived in cloud cuckoo land if they thought they wouldn't have to pay back what they owe. Furthermore the bank should have made them aware of that. I would be surprised if they didn't.
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qwakuk
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Stocks
Mar 25, 2021 12:51:47 GMT
Post by qwakuk on Mar 25, 2021 12:51:47 GMT
Hopefully the right thread to ask.
Looking to buy some ETFs in a S&S ISA but Trading 212 are still closed to new accounts.
Anyone recommend a platform with low or limited fees and it will be a buy and hold situation, not regular trading.
Main ISA with Fidelity, but they do not have the ETFs I am interested in.
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registerme
Member of DD Central
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Stocks
Mar 25, 2021 13:01:32 GMT
Post by registerme on Mar 25, 2021 13:01:32 GMT
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macq
Member of DD Central
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Post by macq on Mar 25, 2021 13:07:21 GMT
Hopefully the right thread to ask. Looking to buy some ETFs in a S&S ISA but Trading 212 are still closed to new accounts. Anyone recommend a platform with low or limited fees and it will be a buy and hold situation, not regular trading. Main ISA with Fidelity, but they do not have the ETFs I am interested in. There are probably plenty of low cost platforms that people will suggest but if your planning on a buy and hold situation then even HL which is capped at £45 a year i believe might be worth a look as them seem to carry plenty of ETF's?
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IFISAcava
Member of DD Central
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Post by IFISAcava on Mar 25, 2021 13:14:18 GMT
Hopefully the right thread to ask. Looking to buy some ETFs in a S&S ISA but Trading 212 are still closed to new accounts. Anyone recommend a platform with low or limited fees and it will be a buy and hold situation, not regular trading. Main ISA with Fidelity, but they do not have the ETFs I am interested in. There are probably plenty of low cost platforms that people will suggest but if your planning on a buy and hold situation then even HL which is capped at £45 a year i believe might be worth a look as them seem to carry plenty of ETF's? iWeb was good - just £5 to trade, and no ongoing fee - but they just added a £100 one off opening. See here for best review of all the options: monevator.com/compare-uk-cheapest-online-brokers/
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nyneil
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Posts: 348
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Stocks
Mar 25, 2021 13:35:22 GMT
Post by nyneil on Mar 25, 2021 13:35:22 GMT
I'm considering opening a Junior ISA for a newborn grandchild. I need to do some fund research, but am thinking that on the basis that 20+ year's growth should iron out the ups & downs of the stock market a portfolio of adventurous funds should produce the best long term results. Any views / advice will be much appreciated.
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qwakuk
Member of DD Central
Posts: 241
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Stocks
Mar 25, 2021 14:05:28 GMT
Post by qwakuk on Mar 25, 2021 14:05:28 GMT
Hopefully the right thread to ask. Looking to buy some ETFs in a S&S ISA but Trading 212 are still closed to new accounts. Anyone recommend a platform with low or limited fees and it will be a buy and hold situation, not regular trading. Main ISA with Fidelity, but they do not have the ETFs I am interested in. Thanks for all the answers, already asked Fidelity and they add them based upon customer demand and apparently the next few months are already full with new stocks / ETFs / funds they are looking to add after they complete their DD. Trading 212 do show all 4 that i was interested in as available in an ISA, will check out Harg Lans had ignored upto now as most reviews tend to mention high costs. I had found monevator last night and added iWeb to my list to review. There was also one called Fineco Bank which just mentioned a £2.95 buying fee and no other costs, but need to delve further.
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Post by Deleted on Mar 25, 2021 14:42:47 GMT
I'm considering opening a Junior ISA for a newborn grandchild. I need to do some fund research, but am thinking that on the basis that 20+ year's growth should iron out the ups & downs of the stock market a portfolio of adventurous funds should produce the best long term results. Any views / advice will be much appreciated. Are you going to manage the account or are you just going to buy and leave alone for 20 years? What are you going to do if the portal is bought up someone else or if the management charges are going to change? Do you use an IFA who has proven succesful track record or are you good at this?
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nyneil
Member of DD Central
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Stocks
Mar 25, 2021 14:49:57 GMT
Post by nyneil on Mar 25, 2021 14:49:57 GMT
I'm considering opening a Junior ISA for a newborn grandchild. I need to do some fund research, but am thinking that on the basis that 20+ year's growth should iron out the ups & downs of the stock market a portfolio of adventurous funds should produce the best long term results. Any views / advice will be much appreciated.
Well yes, if we start from the two old adages:
(a) do not invest what you cannot afford to loose (b) the younger you are, the more risk you can afford to take
Then really for a newborn you can do whatever you like. Since on point (a) the newborn won't miss what it didn't know it had in the first place, and on point (b) the newborn has its entire life ahead of it to make up for your poor choice of initial investment.
Personally though, if you're putting enough in the pot, I'd go for a for a portfolio of individual equities. The problem with funds is they come and go, change their mandate, change their charging structure. If you want, go for a mixture of individual equities and funds .... but I'd caution against just taking the lazy route and dumping it all into funds.
the newborn has its entire life ahead of it to make up for your poor choice of initial investment. ....... Oh yes LOL
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nyneil
Member of DD Central
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Stocks
Mar 25, 2021 15:00:18 GMT
Post by nyneil on Mar 25, 2021 15:00:18 GMT
I'm considering opening a Junior ISA for a newborn grandchild. I need to do some fund research, but am thinking that on the basis that 20+ year's growth should iron out the ups & downs of the stock market a portfolio of adventurous funds should produce the best long term results. Any views / advice will be much appreciated. Are you going to manage the account or are you just going to buy and leave alone for 20 years? What are you going to do if the portal is bought up someone else or if the management charges are going to change? Do you use an IFA who has proven succesful track record or are you good at this?
Are you going to manage the account or are you just going to buy and leave alone for 20 years?Minimal management, maybe 6 monthly reviews What are you going to do if the portal is bought up someone else or if the management charges are going to change?
If I dare mention them here, I was thinking H&L. Assuming the ISA regulations don't change too much, a ££ transfer to another provider would be possible, or even cash ISA if a conditions suggest that would be appropriate at some time. Do you use an IFA who has proven succesful track record or are you good at this?I do have a good IFA (APFS Chartered Financial Planner) who manages my pension pot. @wallstreet I was thinking funds, even though the charges are higher, on the basis of diversification plus I don't want to have to follow the fortunes of individual companies (even if I had the skills to do that competently) @bobo Maybe the IFA route would be best (competence vs charges?), although I was only considering a couple of £K to start; this is my first grandchild and I don't know how many more might follow!! Will likely top up as time goes on.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Mar 25, 2021 17:37:15 GMT
Are you going to manage the account or are you just going to buy and leave alone for 20 years? What are you going to do if the portal is bought up someone else or if the management charges are going to change? Do you use an IFA who has proven succesful track record or are you good at this?
Are you going to manage the account or are you just going to buy and leave alone for 20 years?Minimal management, maybe 6 monthly reviews What are you going to do if the portal is bought up someone else or if the management charges are going to change?
If I dare mention them here, I was thinking H&L. Assuming the ISA regulations don't change too much, a ££ transfer to another provider would be possible, or even cash ISA if a conditions suggest that would be appropriate at some time. Do you use an IFA who has proven succesful track record or are you good at this?I do have a good IFA (APFS Chartered Financial Planner) who manages my pension pot. @wallstreet I was thinking funds, even though the charges are higher, on the basis of diversification plus I don't want to have to follow the fortunes of individual companies (even if I had the skills to do that competently) @bobo Maybe the IFA route would be best (competence vs charges?), although I was only considering a couple of £K to start; this is my first grandchild and I don't know how many more might follow!! Will likely top up as time goes on. For smaller amounts, and if you are going the tracker route, the Vanguard JISA offering is competitive (just 0.15% plus fund/etf charges per year). Can also do regular investments. I use it for my kids, and if it becomes big enough can transfer over to a non % based broker in the future. You'd have to get into the tens of thousands before HL was more competitive adding in dealing costs and a £45 per year service charge. All depends on what funds you want. But also, if you want a wide range of funds, Fidelity has removed any service fees for its JISA, so it should be the cheapest of the lot for funds (though etfs have a dealing cost unlike at Vanguard)
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nyneil
Member of DD Central
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Post by nyneil on Mar 25, 2021 21:30:53 GMT
Thanks for all your helpful comments :-) Vanguard life strategy looks ideal.
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