Stocks and Shares ISA

leaskovski · 25 May 2010 at 20:21

Hi all,

Being that I have used up my cash ISA allowance for the year, I was wondering about maybe sticking the bonus (that might be coming) into a stocks and shares ISA. Has anyone on here ever taken one out? Where is a good place to start and finding some good deals, or do good deals actually exist?

Any info on how you got into this would be of much help!

Cheers

Energize · 25 May 2010 at 20:49

There are a number of cheap index trackers from companies such as Legal & General, where you just put the money in and leave it for a few years, avoid the FTSE100 though it never performs well. I made 30% the other year over a 12month period in their Pacific index and ftse all share funds.

Ironic Namesake · 25 May 2010 at 20:52

I've taken out a couple of stock / share ISAs via H-L (Hargreaves Lansdown) but better for you to do some research if its a good time to invest or not , check this thread - http://forums.overclockers.co.uk/showthread.php?t=17994081

thedoc46 · 25 May 2010 at 20:52

www.fool.com

leaskovski · 25 May 2010 at 21:01

Hmm, this just seems a bit complicated. I think I might as well just shove it straight into the mortgage.

Eriedor · 25 May 2010 at 21:07

I have a few years worth in a couple funds with Hargreaves and Lansdown (www.h-l.co.uk). Highly recomend them,Ii've returned ~30% over 14 months just from picking a couple funds they recommended.

thedoc46 · 28 May 2010 at 03:49

Eriedor said:
I have a few years worth in a couple funds with Hargreaves and Lansdown (www.h-l.co.uk). Highly recomend them,Ii've returned ~30% over 14 months just from picking a couple funds they recommended.

and I'm sure people have doubled their money at the bookies. 30% is extremely successful. You got lucky. 10% on a good yr is what to expect.. Take a look at Warren Buffet, Berkshire Hathaway...... BRK-A (if you have a spare 100k per share) their goal is around 13% which means beating the market by only 3% and that's because they have enough money to invest in small caps and take more risk.. More risk = more reward at this game..

Do not let this recent successful run fool you into thinking you are onto a winner. It'll soon be taking back.

whitecrook · 28 May 2010 at 04:30

I stuck a wodge into a co funds account. Will wait and see what happens..

Showboat · 28 May 2010 at 09:04

I put my allowance into a s&s isa for last year and just left it as cash, with new government (cuts) on the way and ftse at highest level (at the time) i thought it could only go down.
It's gone down a bit, but when is the time to invest! If i knew that i wouldn't be posting here!

booyaka · 28 May 2010 at 14:12

fidelityfundsnetwork for tons of information and fund choices.