I've been thinking about a stocks and shares ISA but I don't know much about the subject. I only have a small amount to invest and I'm not sure if it is worth it as I only have £1,000 free. Should I concentrate on something else or go with an ISA?
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- Thread starter mcast123
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What’s your risk appetite and investment timeline?
No risk? Put it in a cash ISA. Some risk? Chuck it in an ETF.
You can open a Trading 212 ISA account and transfer between the stocks and shares and cash ISA as you like.
I'm OK with risk. If I lost it all it would be annoying but it wouldn't bankrupt me. I'll look into that ISA. Thank you!
I primarily want to look into tech companies as that is something I at least know something about.
S&p500 might be worth a look, it's the top 500 USA companies.. Which is naturally very heavily weighted to tech as tech is doing well.
Or a global fund like VWRP
Thank you! I'll take. a look.
The ticker for that ETF is VUAG.. So just buy into to that within a T212 stocks and shares ISA.
I personally prefer to be more diverse so I've got some in an all world ETF and some in a developed Europe etf.
It’s best to start or small regardless how much a person has.. no point in sticking £20k, market dips slightly.. person panick sells and then losses money. By starting small, you get used to the dips and raises.. then most people’s risk tolerance grows with experience.
That is a fair point. I was thinking of starting with £1k but might try £500 as it seems like you can get fractional shares which is interesting.
Best for your mindset maybe but the stats are pretty clear, holding back money from the market is usually a bad choice.
It's a fair point, but I did the opposite, I just banged £20k into VWRP and VEUA, in April..
split 60/40 % respectivley... and just HOLD...
It's worked out very well so far as they kind of counter each other, VWRP technically being 'all world' but still very over exposed to the USA. (imo)
I'm up 5.9% in about three and a half months.... so I'm not complaining.
So to drip feed it when you have a lump sum, is counter productive... if you have the nerve to just hold for 5yrs+
I started out in the red, lol! but that soon changed... remember you're investing, not day trading, big difference - understand the difference!!!!
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Swings and round abouts… if I would have dollar cost in rather than interesting a bulk sum into the S&P this year, I may have got the market dips of the TACO tariff saga.. but I’m 13% up on the amount at the moment, so can’t complain.
Sometimes I hold for a week other times I hold for 7 years ( still Holding, but getting divs, price rising to my purchase price.)
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Calm down Chicken Little.
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Market will dip slightly at open but nothing exciting on Monday, prob be green by close. People are wising up to this nonsense.
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Hypothetical question.
Only £10 profit per day needed for £2500 annual return.
What’s the minimum amount you think you could achieve this on and how many positions/highest single amount would you have on a share to enable you to sell every trading day (250 trading days yearly - take minimum 10% gain when selling)
Eg. 100 different stocks each with £100 invested - £10k invested.
For comparison you would have to have 60k invested @4.1% for £2460 annual interest.
Only £10 profit per day needed for £2500 annual return.
What’s the minimum amount you think you could achieve this on and how many positions/highest single amount would you have on a share to enable you to sell every trading day (250 trading days yearly - take minimum 10% gain when selling)
Eg. 100 different stocks each with £100 invested - £10k invested.
For comparison you would have to have 60k invested @4.1% for £2460 annual interest.
Yep, it's almost an established process now...Trump anounces tariiffs on a Friday or over the weekend.., so...
Come back Tuesday
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Just put the £1000 in, it shouldn't be money you'd miss anyway. Put it in and add where and when you can into a s&s isa.
Won't be huge money, but it might be useful at some point. The other option, is to increase your pension contributions (assuming your investing them in similar portfolios you would anyway) and get better tax opportunities.