Trading the stockmarket (NO Referrals)

Marvt74 said:
The other option is to go to a financial consultant as you've mentioned.

My brother in law is and IFA and looks after my pension, they have a range of funds they invest with depending on your risk appetite and do the free consultation. I think his firm charge a 2% transfer fee (not sure what this would be with your case as you wouldn't be transfering over existing investments) and then a small annual charge.

Not sure if they all do but his works in conjunction with Parmenion so you can log in to keep an eye on things if you want.

EDIT - For reference this shows the spread of the investments for my pension.
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I may look into those too, thank you :) Not sure whether I'd be able to do anything with the pension though, being MoD. Wish I'd started looking into this a few years ago, but I've still got a good amount of time I think at 25 :p
 
Yeah it doesn't really matter if it's a pension or a generic investment really. They'll perform the same services of checking your risk appetite and then suggest investments accordingly.

If you were me though i'd open a Lifetime ISA myself and stick money into some funds listed above for your house. Assuming you don't own one at 25 anyway. Even if it's just a cash lifetime ISA you get a 25% bonus up to 4k. So you're already at £1000 a year benefit even before any potential gains from investments.
 
Marvt74 said:
Yeah it doesn't really matter if it's a pension or a generic investment really. They'll perform the same services of checking your risk appetite and then suggest investments accordingly.

If you were me though i'd open a Lifetime ISA myself and stick money into some funds listed above for your house. Assuming you don't own one at 25 anyway. Even if it's just a cash lifetime ISA you get a 25% bonus up to 4k. So you're already at £1000 a year benefit even before any potential gains from investments.
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I'll look into those also :) Thanks Marv :D
 
^ Those Dimensional funds look expensive or at least they charge higher comapred to Vanguard, iShares, Fidelity eq. funds. May not make huge difference but every £ counts :D


NooBish AbbZ said:
If i invest £2000, their annual fees are 1,28% (£2.13) which decreases the more you invest. At the moment, I'd have comfortably £2k to invest and could go up to around £6k, but wouldn't want to do that straight away.

The image of Russinating's investments, the main problem being I know you mentioned sit back and forget about them, that's exactly what I want to do, hence why a site like this appeals to me :p If I've made the investment myself I'd be consistently worried about it and watching it on a daily basis which I don't really want to do, to be honest. :(

I've enquired through google for an initial free consultation with a financial consultant.

Infact, on a separate note, my grandparents have invested money through Transact in the past, although they have control over how much is invested into various companies. Will have a look into this as they transferred me(and each of my cousins) an account when we turned 21
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If you really want to just transfer money and forget about it just go Vanguard LifeStrategy or Target retirement if you're going that far long term.


As others have eledued to, one of the reasons why I go index funds is I just don't have the time (right now) to go scouring balance sheets, updating spreadsheets, analysing moats, reading about companies and corporate strategy etc for the stocks I'd be interested in.


You'll be able to open a SIPP for another pension along with your work one if you wanted to.
 
Where do you guys take information about investing from? DO you follow specific websites or read certain books? Also is it worth to go and see financial adviser?
 
Azza said:
^ Those Dimensional funds look expensive or at least they charge higher comapred to Vanguard, iShares, Fidelity eq. funds. May not make huge difference but every £ counts :D
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Yeah, they probably are. It's just what his firm use and i transferred to him when he was fairly new and needed to build up a pot of managed assets to hit various targets. Now he's there and talking of moving to another firm i think i'll move them into a SIPP and manage it myself.
 
Hello! Noticed my image has been shared etc so thought I'd just fill in the gaps and say I've got 8% in the Latin American as it's the most volatile, rest 16%.

Whilst you certainly do want to sit back (you certainly don't want to be monitoring funds as closely as single stocks as it's difficult to judge why it has risen/fallen and what the fund manager is planning etc), you equally do need to keep the finger on the pulse a little; massive political, geographical, military changes etc may effect a particular market that you may wish to pull out of.

I'd certainly recommend a S&S ISA for regular savings though.
 
Where would you recommend opening an S&S ISA for say making monthly £100 deposits?
I'd also like the option of a large variety of funds and ETF's but not all the brokers seem to offer enough variety.
 
Seen Russ' fund list, thought I'd post mine and see what people think.

General principles:
- diverse as possible with low number of funds
- low fees where possible
- infrastructure/property instead of bonds

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Marvt74 said:
I'm with Hargreaves Lansdown which seem to have a pretty large variety. What funds do you want that aren't available?
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Yeah HL have exactly what I'd be looking at but £11.95 for ETF trades is a bit steep for the level I'd be investing. I'm not sure the market caters to what Id be looking at doing so may just stick to basic funds.

So I guess I have 2 questions, where's the best platform for regular monthly investments of £100-200 into funds? and where offers the cheapest fees for trading individual stocks and ETF's, somewhere that'd have the likes of SOXL for example?
 
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Krono5 said:
Yeah HL have exactly what I'd be looking at but £11.95 for ETF trades is a bit steep for the level I'd be investing. I'm not sure the market caters to what Id be looking at doing so may just stick to basic funds.

So I guess I have 2 questions, where's the best platform for regular monthly investments of £100-200 into funds? and where offers the cheapest fees for trading individual stocks and ETF's, somewhere that'd have the likes of SOXL for example?
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Check this out ** - http://monevator.com/compare-uk-cheapest-online-brokers has a very useful 'good for' comment & use SnowMan's spreadsheet - http://forums.moneysavingexpert.com/showthread.php?t=5583030


Most brokers have the same / similar funds available.

The cheaper ones all have large offerings. Cavendish use FundsNetwork so the same as Fidelity, Charles Stanley, **TD Direct has been bought by Interactive Investor, AJ Bell all have big offerings. Close Brothers is a cheap platform but they don't have Vanguard funds and I don't actually think you can see what funds they have without signing up.
 
dowie said:
I used to think advisory brokers were utterly pointless, I mean why pay some chump additional commission on your trades because he passed some easy multiple guess financial exams and can tell you basic stuff like "you should put a greater portion of your investments into bonds as you get older" etc... or churn out some recommendations from their in house 'analysts' who ought to be managing actual funds if they were any good.

Yet reading that thread there are plenty of idiots out there who would actually be getting value from simply using the phone and paying that extra commission to a traditional broker rather than doing it all themselves online not because these brokers are really offering any great value in a positive sense but because they'd at least advise against doing the utterly stupid things some of the people in that thread were doing... like betting all their retirement savings on a single small company because some online echo chamber of utter muppets has them convinced it is a sure thing!

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Read through most of that thread. Reads like a OCUK GPU section pre-release thread.
 
billysielu said:
Could you expand on that? I'd genuinely appreciate the feedback.
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Highly cyclic, volatile, over valued, prices/income dependent on factors which are difficult to predict long term such as interest rates and economic growth. Don't know the content of something like a particular "global property" fund, which is another reason I wouldn't invest, though I'm sure the operator provides more info.

Owning property is a somewhat different matter, but that's a different investment.
 
I played around with spread betting a few years back and decided active trading wasn't for me. I lost a bit but nothing huge, so I consider it a lesson learnt. It did open my eyes to the world of the stock market though, so it wasn't a total waste of time.

I'm now using Vanguard LifeStrategy in a S&S ISA through Cavendish Online.

Cavendish use the Fidelity platform but has lower fees than Fidelity — 0.25% vs. 0.37% for the platform, then the LifeStrategy fee is 0.22%. If your holding is over £7.5k and you use Fidelity's own funds, I believe the 0.37% fee is waived with a Fidelity account but as I wanted LifeStrategy, Cavendish made more sense.

I'm in the process of transferring my old workplace pension into a SIPP and will then put it into a Vanguard Targeted Retirement Fund.

Part of me thinks I may be relying too much on Vanguard so I need to do a bit of research and see what else is available and how other funds compare.
 
can anyone explain whats happening with gopro. they turned the company around several quarters ago, profits are above expected etc and yet they are still being hammered. been hovering on the buy it button for a few months, but haven't and glad I haven't as I clearly have a gap in my knowledge.
 
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