Your questions answered Vol 2 - IM Private Clients
Discussion
I came across an interesting post on “X”
Reportedly show the holdings of large investors such as Bill Gates, Warren Buffett etc.
Apologies if this is either complete nonsense or common knowledge.
https://x.com/stockmktnewz/status/1790853676656931...
Reportedly show the holdings of large investors such as Bill Gates, Warren Buffett etc.
Apologies if this is either complete nonsense or common knowledge.
https://x.com/stockmktnewz/status/1790853676656931...
I don't know if anyone else has has this but I came across a weird issue where the amount I was trying to invest from cash kept rounding up to the nearest 10p & the portal wouldn't let me specify pence.
In my ISA I had this year's contributions & some odd leftover coppers - £20,103.94 to be exact. I did a partial transfer of £10,000 from Cash to PHE & then tried to transfer £10,103.94 to PHT but kept getting an error message saying the amount needed to be £10,103.90 or £10,104.00. I tried £10,104.00 but got a red warning of insufficient funds.
I left it as £10,103.90 & it 's gone through but now I have 4p left. I realise it's a minor one given the billions under management but it maybe worth a check.
In my ISA I had this year's contributions & some odd leftover coppers - £20,103.94 to be exact. I did a partial transfer of £10,000 from Cash to PHE & then tried to transfer £10,103.94 to PHT but kept getting an error message saying the amount needed to be £10,103.90 or £10,104.00. I tried £10,104.00 but got a red warning of insufficient funds.
I left it as £10,103.90 & it 's gone through but now I have 4p left. I realise it's a minor one given the billions under management but it maybe worth a check.
I was sent this ChatGPT4o demo
https://www.youtube.com/watch?v=KwNUJ69RbwY&t=...
From these very Boards 'ChatGPT user base is falling and you can only ask it to make so many cat pictures, what's the point-it's all hype'
Mr Pointy said:
I don't know if anyone else has has this but I came across a weird issue where the amount I was trying to invest from cash kept rounding up to the nearest 10p & the portal wouldn't let me specify pence.
In my ISA I had this year's contributions & some odd leftover coppers - £20,103.94 to be exact. I did a partial transfer of £10,000 from Cash to PHE & then tried to transfer £10,103.94 to PHT but kept getting an error message saying the amount needed to be £10,103.90 or £10,104.00. I tried £10,104.00 but got a red warning of insufficient funds.
I left it as £10,103.90 & it 's gone through but now I have 4p left. I realise it's a minor one given the billions under management but it maybe worth a check.
Hi Mr P,In my ISA I had this year's contributions & some odd leftover coppers - £20,103.94 to be exact. I did a partial transfer of £10,000 from Cash to PHE & then tried to transfer £10,103.94 to PHT but kept getting an error message saying the amount needed to be £10,103.90 or £10,104.00. I tried £10,104.00 but got a red warning of insufficient funds.
I left it as £10,103.90 & it 's gone through but now I have 4p left. I realise it's a minor one given the billions under management but it maybe worth a check.
IT are looking at this now. I've sent you a note asking for a few details, if you could take a look that would help
Regards
Adam
Rodintee said:
A question for the IM boys here. I have a JISA with IM for both my son and daughter. My boy turns 18 on Sunday. What happens thereafter. As I understand it it should switch to a standard S&S ISA but how will he have access? Or will I still see it in my holdings?
Russ
If he opens his own account and initiate 'transfer from another provider' using the account details for the ISA which you have attached to your account, all will transfer as planned.Russ
Did it last month
I'm hoping the same Julian. He is thinking about starting a LISA and making use of the top up from the government. It's good to see him thinking ahead despite his young age.
Another question, if he opens his own account would the transfer from his JISA (in my name as parent) count towards this years ISA allowance for him as a newly fledged adult or will it be recognised as an in specie transfer?
Another question, if he opens his own account would the transfer from his JISA (in my name as parent) count towards this years ISA allowance for him as a newly fledged adult or will it be recognised as an in specie transfer?
Rodintee said:
I'm hoping the same Julian. He is thinking about starting a LISA and making use of the top up from the government. It's good to see him thinking ahead despite his young age.
Another question, if he opens his own account would the transfer from his JISA (in my name as parent) count towards this years ISA allowance for him as a newly fledged adult or will it be recognised as an in specie transfer?
Hi RodintreeAnother question, if he opens his own account would the transfer from his JISA (in my name as parent) count towards this years ISA allowance for him as a newly fledged adult or will it be recognised as an in specie transfer?
No, it would be a transfer from an existing ISA (albeit a Junior ISA you took out for him) and therefore not count against his allowance.
Cheers
Julian
Ron-ski said:
I'm going to guess Meta, considering the top five already feature in the portfolio somewhere.
https://www.statista.com/statistics/1350976/leadin...
Well done!https://www.statista.com/statistics/1350976/leadin...
Have virtual
on me!
I’ve got a friend who would like to invest with IM. I was telling him how good you are at the weekend 
It’s been a few years since I joined and don’t recall paying any charges or fees but may have changed now. Is there a minimum upfront or monthly investment? Or any charges to set up an account with yourselves?
It’s been a few years since I joined and don’t recall paying any charges or fees but may have changed now. Is there a minimum upfront or monthly investment? Or any charges to set up an account with yourselves?
JapanRed said:
I’ve got a friend who would like to invest with IM. I was telling him how good you are at the weekend
It’s been a few years since I joined and don’t recall paying any charges or fees but may have changed now. Is there a minimum upfront or monthly investment? Or any charges to set up an account with yourselves?
See the very first post in this thread, there is a code they need to enter on sign up.It’s been a few years since I joined and don’t recall paying any charges or fees but may have changed now. Is there a minimum upfront or monthly investment? Or any charges to set up an account with yourselves?
ferret50 said:
Well done!
Have virtual on me!
Have virtual
on me!I remembered a positive post from Adam about Meta a while ago, and the other info fitted as well
Edited by Ron-ski on Monday 20th May 15:57
JapanRed said:
I’ve got a friend who would like to invest with IM. I was telling him how good you are at the weekend
It’s been a few years since I joined and don’t recall paying any charges or fees but may have changed now. Is there a minimum upfront or monthly investment? Or any charges to set up an account with yourselves?
I think the fees are deducted daily at a very small amount per day.It’s been a few years since I joined and don’t recall paying any charges or fees but may have changed now. Is there a minimum upfront or monthly investment? Or any charges to set up an account with yourselves?
As growth far exceeds deductions, you are very unlikely to notice anything.
IMO, it's the perfect way to extract fees. It's much better to not a see £10 deduction hidden by £100 growth than seeing £3550 drop off your balance on some random day.
I believe there is an initial fee of 1.5% on deposits/transfers in, which is waived when the code is used. There also used to be a minimum investment required to open account, the code also did away with this requirement.
I think there may have been a different code for friends and family who are not forum members.
I think there may have been a different code for friends and family who are not forum members.
Ron-ski said:
I believe there is an initial fee of 1.5% on deposits/transfers in, which is waived when the code is used. There also used to be a minimum investment required to open account, the code also did away with this requirement.
I think there may have been a different code for friends and family who are not forum members.
Thanks Ron-ski. I think there may have been a different code for friends and family who are not forum members.
Can someone from IM clarify please.
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