Trading the stockmarket (NO Referrals)

MichaelAwkward · 4 Feb 2018 at 15:10

So I've opened a Stock & Shares ISA but I don't really know what I'm doing. I'm just putting £100 a month into it at the moment, split between a few different funds (UK, Japan, etc) that charge 0.6% odd for the year.

Should I be doing this differently?

booyaka · 4 Feb 2018 at 15:14

MichaelAwkward said:
So I've opened a Stock & Shares ISA but I don't really know what I'm doing. I'm just putting £100 a month into it at the moment, split between a few different funds (UK, Japan, etc) that charge 0.6% odd for the year.

Should I be doing this differently?

personally at £100 a month - fire it into a single Multi asset fund and leave it for a few years. No point in trying to spread it to thin.

SupraWez · 5 Feb 2018 at 16:59

MichaelAwkward said:
So I've opened a Stock & Shares ISA but I don't really know what I'm doing. I'm just putting £100 a month into it at the moment, split between a few different funds (UK, Japan, etc) that charge 0.6% odd for the year.

Should I be doing this differently?

Also check out what your trade cost is, might be worth waiting till you have more cash and doing larger single trades.

What broker did you go with for your S&S ISA?

Glaucus · 5 Feb 2018 at 17:58

SupraWez said:
Also check out what your trade cost is, might be worth waiting till you have more cash and doing larger single trades.

What broker did you go with for your S&S ISA?

funds dont have trading costs. just annual fees. One of the benefits over shares.

Azza · 5 Feb 2018 at 18:35

Glaucus said:
funds dont have trading costs. just annual fees. One of the benefits over shares.

Lots of platforms charge for dealing funds, not just shares & ETFs.

Glaucus · 5 Feb 2018 at 18:36

Azza said:
Lots of platforms charge for dealing funds, not just shares & ETFs.

then you should change, as it's a bit silly paying for it, when so many offer it for free.

silversurfer · 5 Feb 2018 at 18:56

Investment trusts are quoted stocks, maybe thats the confusion. Unit trusts I expect to deal free, theres always a cost somewhere though. Neither costs stamp duty, I think because its paid internally also ETF avoid stamp

http://www.whatinvestment.co.uk/investment-trusts-versus-unit-trusts-the-differences-2116443/

SupraWez · 5 Feb 2018 at 19:34

I've still not decided where to move my S&S ISA, narrowed down to AJ Bell, Charles & Stanley or maybe Barclays or IG.

Azza · 5 Feb 2018 at 21:33

Glaucus said:
then you should change, as it's a bit silly paying for it, when so many offer it for free.

Or you need to consider all the platforms charges & fees when deciding who to use.

mid_gen · 6 Feb 2018 at 08:17

Finally a correction...I've been waiting.

Fusion · 6 Feb 2018 at 08:19

mid_gen said:
Finally a correction...I've been waiting.

Always happens. Just means more opportunities

Richdog · 6 Feb 2018 at 08:50

mid_gen said:
Finally a correction...I've been waiting.

I am confident they will go back up again long-term. Luckily I bought mine at pre-correction prices so I am fine and will leave them to stew for the next couple of years unless a really great selling opportunity arises.

Simon · 6 Feb 2018 at 08:52

BP at 464 was a good opportunity on open. Results were solid

mid_gen · 6 Feb 2018 at 09:03

Richdog said:
I am confident they will go back up again long-term. Luckily I bought mine at pre-correction prices so I am fine and will leave them to stew for the next couple of years unless a really great selling opportunity arises.

Yep I'm sure they will, I've a fair bit of cash waiting to invest atm but there was definitely a correction due. Interest rate rises are probably going to drive some deflation of stocks for a little while which is fine.

Randomface74 · 6 Feb 2018 at 09:40

Pretty small correction, wasn't worth waiting for IMO.

silversurfer · 6 Feb 2018 at 16:31

Simon said:
BP at 464 was a good opportunity on open. Results were solid

ideal is 450 and 22 for RDSB (buy on the way down, hold collect divs

is probably smarter then waiting for the ideal scenario/perfect storm ) but yea I see no reason why the market as a whole should buy government bonds over performing oil stocks. The Federal reserve in theory is raising rates but is still lagging inflation

SupraWez · 6 Feb 2018 at 19:13

I topped up on a few holdings thanks to today's drop

Richdog · 9 Feb 2018 at 09:40

Guys, is it a good idea to skim the profits that you make when your stocks rise high (15-20+%) in order to realise some gains and also in preparation for if/when it drops again?

peterwalkley · 9 Feb 2018 at 10:50

Richdog said:
Guys, is it a good idea to skim the profits that you make when your stocks rise high (15-20+%) in order to realise some gains and also in preparation for if/when it drops again?

It depends on why you invested in the first place and if there is a decent prospect of them going even higher. I see the term "top slicing" used a lot, but in general, nobody ever went broke taking a profit.

Randomface74 · 9 Feb 2018 at 11:10

No, it's timing the market. You have no idea if it would go up or down in the future.