Trading the stockmarket (NO Referrals)

I am looking to start investing around £50 - £100 per month, where is the best place to start ?
I'm not looking for short term gains, long term "safe" stocks.

I have a trading 212 account already setup for a cash ISA, would that be a good platform to trade (invest) on ?

I realise I need to read up a little but not even sure where to start with that if I'm honest.
 
MassiveJim said:
I am looking to start investing around £50 - £100 per month, where is the best place to start ?
I'm not looking for short term gains, long term "safe" stocks.

I have a trading 212 account already setup for a cash ISA, would that be a good platform to trade (invest) on ?

I realise I need to read up a little but not even sure where to start with that if I'm honest.
Click to expand...
Not financial advice, you could certainly setup a stocks and shares ISA with them and look to invest in an all world index tracker like one of the vanguard all cap products. You probably need to have a think about an ISA vs SIPP depending on when you want to be able to access the money and if you can benefit from tax benefits associated with a SIPP. I use T212 and have found it fine for my s&s isa using a pot with manual monthly deposits. Just to note they dp charge for auto deposits and investment, so doing it manually via bank transfer avoids that
 
Does anyone else deposit money into their T212 SS ISA account using a standing order?
I've hit the limit of 2k free deposits via card, and rather than transfering the money to another account that T212 does support bank deposits with; which is what I've been doing.
I've setup a standing order from my main account that's with a bank that t212 doesn't support bank deposits with...

How long does it take for the money to show up in the T212 account?
 
slinxy said:
Does anyone else deposit money into their T212 SS ISA account using a standing order?
I've hit the limit of 2k free deposits via card, and rather than transfering the money to another account that T212 does support bank deposits with; which is what I've been doing.
I've setup a standing order from my main account that's with a bank that t212 doesn't support bank deposits with...

How long does it take for the money to show up in the T212 account?
Click to expand...
Can't you transfer money into your cash isa then move it from there to the SS isa?
 
m4rmite said:
Can't you transfer money into your cash isa then move it from there to the SS isa?
Click to expand...
nope the 2k limit is across all the accounts....
I'm monitored for security work reasons, so I don't really want a load of transaccounts transfering from one bank to another just to transfer it to another.
 
MassiveJim said:
I am looking to start investing around £50 - £100 per month, where is the best place to start ?
I'm not looking for short term gains, long term "safe" stocks.

I have a trading 212 account already setup for a cash ISA, would that be a good platform to trade (invest) on ?

I realise I need to read up a little but not even sure where to start with that if I'm honest.
Click to expand...
Your better off saving the money and hitting £2k otherwise the returns are small. Doing a trade for £50 or £100 is not worth it. You need to look at trading costs.
 
Last edited:
Tram said:
Your better off saving the money and hitting £2k otherwise the returns are small. Doing a trade for £50 or £100 is not worth it. You need to look at trading costs.
Click to expand...
The amounts mentioned are fine on T212 as he's on about investing not trading and there are no costs for using the platform other than around foreign exchange or certain deposit types. Regular deposit over the long term still work just fine and allow for better compounding. No point waiting for £2k or any other arbitrary amount in my eyes
 
Tram said:
Your better off saving the money and hitting £2k otherwise the returns are small. Doing a trade for £50 or £100 is not worth it. You need to look at trading costs.
Click to expand...
erm if you buy and sell a share on t212 they take 0.30% in total if its foreign currency trade.
if you buy UK and sell UK you only pay uk stamp duty which is a gov tax 0.5% I think, I don't do UK shares

obviously if the stock goes down u lose money, or if fx rate doesnt go your way whilst your holding and the stock price stays the same.
 
Last edited:
Yea over 10-20 years that will add up to a lot. Especially if that stock rockets up at some point. Could be a million by retirement, maybe not in vanguard (about as safe as it gets) etc but it will still be a lot.
 
Last edited:
200sols said:
Investing small sums per month like he said is very common. Your advice sucks.
Click to expand...

It’s not bad advice at all. Typically retail share platforms charge rip off fees eg HL charge nearly £12 per trade - so investing small amounts historically made sense.

Platforms like Trading 212 where there are no commission fees is a relatively new phenomenon - and until these existed investing small amounts made no economic sense at all.

Personally I think T212 is brilliant if you’re disciplined long-term investor and don’t try to actually trade on it, but for some it’s a disaster waiting to happen.
 
You must log in or register to reply here.
Back
Top Bottom