Trading the stockmarket (NO Referrals)

Ewaf said:
In the chatbot for freetrade it said:

"Please note that GIA and ISA transfers out currently take 6-8 weeks."

Ok in that case I'll just do the form and see what happens.
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I don't get if your ISA is large enough to need to do a transfer, why are you talking about fractional shares and a £100/month deposit into a new vanguard account towards an index fund/etf.
 
platinum87 said:
I don't get if your ISA is large enough to need to do a transfer, why are you talking about fractional shares and a £100/month deposit into a new vanguard account towards an index fund/etf.
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I thought I had to transfer it regardless of value? I only have £1k in the freetrade stocks and shares isa, but want to move from freetrade because of the £6 monthly fee and the inability to buy fractionals on some of the funds I wanted. T212 seems better in that regard.

Is there an easier way, i.e. just selling the shares in my freetrade one, and opening one on t212 and depositing? Pretty new to this so likely a misunderstanding on my part. Everything I've read says I can't open more than one stocks and shares ISA.
 
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Ewaf said:
T212 seems better in that regard.
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T212 is amazing imo, none of the other supposed free ones come anywhere near close, nor do the cheap alternatives.

Always makes me laugh whenever I see in a newspaper etc the top 5 free trading apps, and t212 is usually never mentioned even though it's by far the best
 
Ewaf said:
I thought I had to transfer it regardless of value? I only have £1k in the freetrade stocks and shares isa, but want to move from freetrade because of the £6 monthly fee and the inability to buy fractionals on some of the funds I wanted. T212 seems better in that regard.

Is there an easier way, i.e. just selling the shares in my freetrade one, and opening one on t212 and depositing? Pretty new to this so likely a misunderstanding on my part. Everything I've read says I can't open more than one stocks and shares ISA.
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If you have paid into that account this tax year, then you need to do a transfer. You can only pay into one isa of the same type per year.

From the next tax year, you can pay into multiple isa accounts of the same type.

Is it 6 pounds per transaction or 6 pounds per month management fee? Either way it’s either 6% transaction fee or 0.6% management fee. Well expensive. If it’s 6% per transactions, your better off stopping payments and paying into a normal T212 account and taking the hit on taxes for the two months before moving it to an ISA.

People forget that there’s a 1k personal allowance and 6k capital gains allowance before they are taxed.. under that amount it’s no difference between an isa and non isa accounts.

Personal, I would sell out of that isa account and close it down.. place it into a normal trading account and use it to as a practice account. Yes most trading platforms allow free practice accounts, but for me.. it’s not the same experience unless I have something real to lose/gain from the experience.

Then come the new tax year, open a new S&P isa and set it up the way you want it with the direct debits.

One thing I have noticed about T212 is that the spread difference can be quite large, I normally place a limit on selling shares, but my Disney sell order just wasn’t triggering, so I sold at market place which caused me to lose 2 dollars a share but this is how their business model.
 
slinxy said:
If you have paid into that account this tax year, then you need to do a transfer. You can only pay into one isa of the same type per year.

From the next tax year, you can pay into multiple isa accounts of the same type.

Is it 6 pounds per transaction or 6 pounds per month management fee? Either way it’s either 6% transaction fee or 0.6% management fee. Well expensive. If it’s 6% per transactions, your better off stopping payments and paying into a normal T212 account and taking the hit on taxes for the two months before moving it to an ISA.

People forget that there’s a 1k personal allowance and 6k capital gains allowance before they are taxed.. under that amount it’s no difference between an isa and non isa accounts.

Personal, I would sell out of that isa account and close it down.. place it into a normal trading account and use it to as a practice account. Yes most trading platforms allow free practice accounts, but for me.. it’s not the same experience unless I have something real to lose/gain from the experience.

Then come the new tax year, open a new S&P isa and set it up the way you want it with the direct debits.

One thing I have noticed about T212 is that the spread difference can be quite large, I normally place a limit on selling shares, but my Disney sell order just wasn’t triggering, so I sold at market place which caused me to lose 2 dollars a share but this is how their business model.
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That makes a lot more sense cheers. Yea freetrade is £6 per month. If t212 is free and seems to be better, would rather go with that. I think I'll do what you said, as it seems like the easiest option for now.
 
Ewaf said:
I thought I had to transfer it regardless of value? I only have £1k in the freetrade stocks and shares isa, but want to move from freetrade because of the £6 monthly fee and the inability to buy fractionals on some of the funds I wanted. T212 seems better in that regard.

Is there an easier way, i.e. just selling the shares in my freetrade one, and opening one on t212 and depositing? Pretty new to this so likely a misunderstanding on my part. Everything I've read says I can't open more than one stocks and shares ISA.
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You can only open 1 S&S ISA per year / deposit into one per year. Your original question on this topic which i've quoted below, the answer is yes, wait until the new tax year and sort it out yourself.

You are burning the previous allowance but that is only important if you can actually use it.

T212 is definitely the best in terms of fee's.

"Am I right in thinking instead of messing around with ISA transfer forms, I can wait until 5th April and open a new ISA with T212, sell all my stuff in freetrade and close my S&S ISA there, and transfer the funds into the new t212 ISA? Just read it takes 6-8 weeks to transfer an ISA and 5th April isn't far off"
 
the other thing to make sure you're happy with is if you sell and keep the money in the isa then transfer if you're buying the same stock again you would lose out if the price goes up but a full transfer would be like for like pricing. (from my experience in bed and sharing)
 
Rolls Royce not slow is it. 300 was significant price action, so its +10% in a week. I was slow buying and it moved fast dam it. Not read much just the graphs, defence industry demand is a thing & reversal of a long term decline so price is near decade highs

Check reaction to 340 but I like the idea of holding them over 300 as being more significant a price point. As always I dont really have a clue always learning, they were so boring in the 90's :D


BERENBERG STAYS AT 'SELL' ON ROLLS ROYCE DUE TO MEDIUM-TERM RISKS​

(Sharecast News) - Analysts at Berenberg kept their recommendation for shares of engineer Rolls Royce at 'sell' following its analysis of current positioning in the company's shares among long-only and hedge fund investors.
The latter, in particular, were "very crowded" and long the shares, but had "little to no interest" in taking profits at present, Berenberg said.

Long-only investors on the other hand were "assumed" to be underweight the shares, so if they shifted their stance that might drive further share price gains.

"However, putting near-term tactics to one side, we would argue the positives are in the price and assume enthusiasm wanes as tangible catalysts crystalise next month, noting we have found very limited interest from prospective long-only buyers," they said.

They also highlighted that their caution was linked to the risks to the mid-term expectations, given the 220% rally in the share price over the course of 2023.

"Overall, nothing matters more than the long-term service agreement economics in our view, where investors are seemingly happy to take management guidance in full," they added.

The analysts' target price for the shares was unchanged at 240.0p.
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This report link is not AI its formulated from the company stats, useful comparatively?
 
silversurfer said:
Rolls Royce not slow is it.
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Well, they issue their results this week - together with BAE and NVidia. All three have done well for me (I Hold) and I've got a decent chunk of cash burning a hole in my pocket.

I'm thinking to chuck in the cash between the three but set quite a tight stop loss. Just in case war isn't quite as lucrative as we imagine and AI turns out to be a bit of a damp squib. :)
 
QBTS has gone crazy.
Its up 30 percent in premarket.

Feels like it's memeing.

I'm up 130 percent this month.
 
So...I've got a few quid in regular savings accounts that needs protecting in an ISA instead.
I can use up this year's ISA allowance, and then in April use next year's too.

Anyone see a problem in going with a hands-free, medium term approach of just putting it all on a S&P 250?

Thanks!
 
benskia said:
So...I've got a few quid in regular savings accounts that needs protecting in an ISA instead.
I can use up this year's ISA allowance, and then in April use next year's too.

Anyone see a problem in going with a hands-free, medium term approach of just putting it all on a S&P 250?

Thanks!
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It's arguably the best chuck it in and forget option particularly if you have > ten year investment horizon. The Us market has proven very resilient but a lot of stock as are overvalued in my opinion and will expereince a subsequent correction.
 
I wouldn't put a lump sum in right now, market is quite heated. DCA it. Just sold a motor so I've got a decent chunk sat in cash right now but will just be trickling it back into the market over the next couple months when we have red days.
 
NVDA earnings today right?
Going to be fun I bet.
NVDA could miss earnings by 1% and the stock will plummet about 60%
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AMD and NVDA down 6%, INTC seems to be holding steady but aren't really in the AI game much. so NVDA earnings don't really reflect on INTC I guess.

Where NVDA could potentially burst an AI bubble
 
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arknor said:
NVDA earnings today right?
Going to be fun I bet.
NVDA could miss earnings by 1% and the stock will plummet about 60%
www.tradingview.com

Stock Heatmap

Get the detailed view of the world stocks included into S&P 500, Dow Jones, or local indices. Group stocks by sector, country, or compare their market cap.
www.tradingview.com www.tradingview.com

AMD and NVDA down 6%, INTC seems to be holding steady but aren't really in the AI game much. so NVDA earnings don't really reflect on INTC I guess.

Where NVDA could potentially burst an AI bubble
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Yeah I'm not brave enough to play nvidia earning and I also sold out of my AMD. Intel went up today because of a 10 bil goverment contract I believe.
 
seems nvda did okay.

This guy is live streaming the earnings call for anyone who is currently around and cares

No idea who that is, just wanted to listen to the earning scall without having to register on a website etc
 
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