Associate
- Joined
- 25 Aug 2008
- Posts
- 947
2-3 working days waiting time.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
It also works the other way too!
Hi guys
Anyone with a s&s ISA? From what I've read investment trusts would be Best for investing in for one of these?
I'm new to the game so still learning all the jargon such as NAV , yield etc.
I know it's more a long term game so not expecting a quick buck, would be good to see returns in one to 3 years
Can anyone tell me of their experience ?
Anyone with a s&s ISA? From what I've read investment trusts would be Best for investing in for one of these?
I'm new to the game so still learning all the jargon such as NAV , yield etc.
I know it's more a long term game so not expecting a quick buck, would be good to see returns in one to 3 years
Can anyone tell me of their experience ?
Last edited:
Re Trading 212.
Been with them for 6 months now on the CFD accounts. Sometimes using leverage, sometimes not.
They are definitely struggling IMO. Outages at key points (US election day for an hour at open) - went down at other key points too. Currently I'm unable to buy anymore Tesla or Xpeng and thats been the case for the past week now.
The same happened to me when Aston Martin were having the rise after their lows of April, unable to buy more but could short all I wanted.
I had a great run the past couple of months with the EV's, and day trading with Nio, xpeng and Tesla the past few weeks (in addition to long positions) - but switch over to their standard Invest account on Friday as just unable to buy the shares I wanted via CFD.
EDIT : I tried to buy IDEX last week via CFD and there is a 20% spread.
I assume money in their investment accounts is protected similar to a bank?
Been with them for 6 months now on the CFD accounts. Sometimes using leverage, sometimes not.
They are definitely struggling IMO. Outages at key points (US election day for an hour at open) - went down at other key points too. Currently I'm unable to buy anymore Tesla or Xpeng and thats been the case for the past week now.
The same happened to me when Aston Martin were having the rise after their lows of April, unable to buy more but could short all I wanted.
I had a great run the past couple of months with the EV's, and day trading with Nio, xpeng and Tesla the past few weeks (in addition to long positions) - but switch over to their standard Invest account on Friday as just unable to buy the shares I wanted via CFD.
EDIT : I tried to buy IDEX last week via CFD and there is a 20% spread.
I assume money in their investment accounts is protected similar to a bank?
Associate
- Joined
- 25 Aug 2008
- Posts
- 947
Thats part in par with a change in regulations I think.
You invest into anything you fancy. With s&s ISA you do not pay capital gains tax.
Different instruments have different performance and risk. I just made 25% in 10 minutes shorting gold.
I bought TSLA cfd a week ago no problemo.
I was never unable to buy anything on 212. Maybe its because i trade really small amounts 100k max. Joking! Actual small amounts.
Thanks I signed up for HL but not impressed by the £11.95 entry and exit charge.
Soldato
- Joined
- 5 Aug 2003
- Posts
- 8,581
- Location
- Essex
I'm looking at putting in some longer term investments. I've been playing with the T212 app and it looks nice and I like the way their pie investments work but I keep hearing a lot of negatives about 212. Is there another platform I should be looking at?
I use Aviva (mainly because my employer pays all the fees) and my wife uses iWeb (one off fee + trade fees. No ongoing platform fee)
Soldato
- Joined
- 15 Feb 2003
- Posts
- 10,214
- Location
- Europe
T212 did stop nearly all of the more popular CFDs for some time, and introduced giant spreads on stable stocks during that period too.
They also changed margin requirements with less than 24 hours notice which was against FCA rules, and so had to back track on that, and give users more notice.
Seems they panicked a little when things weren't gong their way.
If you're buying sensible stuff (FTSE, S&P, standard ETFs) then Freetrade is a reasonable option.
They've decided to put the AIM, smaller American & smaller ETFs behind a £10 p/m paywall (mistake IMHO, but they've gotta make money) but otherwise I've got no real complaints.
The graphing on the app and in app data leaves a little to be desired, but they are working on it & it'll hopefully get better.
I believe it's due to Tesla getting permission to manufacture their SUV in China for the chinese market. I still expect Nio to climb between now and Nio Day in January and pull the other's up with it so may be a good time to buy.
Either trade regularly enough with HL to make the dealing charges reduce to £5.95 or use a platform with fees in the spread price like 212.
Wouldn't use HL with the dealing fees (at the highest price) to invest anything less than several hundred pounds at a time personally, else it just eats in to profits significantly.
If looking to transact on the US markets again, use a service that's 'free' (spread priced) instead as dealing fees and FX charges add up quickly on smaller investments.
Perfectly fine to use for funds though, they have a broad offering for both Funds and equities, a reach which the smaller & cheaper platforms don't have.
When I started with a S&S ISA, I invested in investment funds for the first couple of years. I think these are safe when you are new to stocks and shares, and want to develop and understanding of investing and the market.
An investment fund is where investors group together and put money into the fund, and this money is managed and invested day-to-day by a fund manager who chooses which shares to invest in. Generally, this person will have good experience in stock markets and will be looking for good companies to invest for gain. Some fund managers are aggressive and will target lots of high growth/risk companies, others will play it steady and look for long-term gain. You will pay a small % each year to the fund manager, but the point of this is that they are doing the hard work of trying to find companies with growth potential. By investing in funds, you are spreading the risk to reduce the chance of losing money - but equally, you might not make a lot. When starting out, I used "Money Observer" quite a lot initially - they have lots of links and articles about investment funds.
Every fund will have a portfolio, and you should research the portfolio breakdown, on sites like Trustnet. For example, Google "SDL Buffettology", click the Trustnet link, and check the portfolio breakdown. Some of the companies you may recognise there - e.g. Games Workshop / London Stock Exchange. A portfolio breakdown can help you decide if a fund appeals to you or not. Earlier this year, I decided that Tech firms would thrive in a pandemic, so went for funds with portfolios based around Microsoft, Apple, Amazon etc.
You have to use your instinct and also research as much as you can. Don't just follow the first article you read saying "Invest in Tesla NOW!". Most investment articles / websites are crap - they provide useful news one day, then absolutely rubbish advice the next day.
Once you get a feel for funds and the gains/losses over time, you might decide to invest in individual companies - this is where the real gambling comes in, and if you're clever/lucky you could make big gains. Then you can start talking in this thread about investing in Cineworld one day, then selling it the next for a 30% gain, or similar nonsense
