Stocks & Shares Platform

[bobski1]

Hello All, looking for recommendations on which platform to use for buying/selling stocks and shares. Recently starting to have some cash left each month and need it to start working for me.

I have thought about just putting it into a managed fund but already have a cash ISA so this is more a dabble.

[Boosh-36]

trading 212 seems to be the go to.
would recommend putting into an ETF and leave be.

[xeny]

The best choice somewhat depends on the details of what you want to do. There's a comprehensive comparison table here https://monevator.com/compare-uk-cheapest-online-b... which discusses the pros and cons of different platforms.

[witteringon]

IWeb is pretty straightforward.

No joining fee now, and no annual charge.
Only £5 per trade, and part of Lloyds, so your money is as safe as can be.

[Panamax]

bobski1 said:

platform to use for buying/selling stocks and shares. Recently starting to have some cash left each month and need it to start working for me.

In broad terms, new investors make money and new traders lose money.

bobski1 said:

already have a cash ISA so this is more a dabble.

IMO cash is a waste of the generous ISA tax advantages. Historically financial returns are better - and thus more tax free - on stocks and shares. Click around this finance forum and you'll soon find how to get started with a decent risk/return balance.

[Simpo Two]

Panamax said:

bobski1 said:

already have a cash ISA so this is more a dabble.

IMO cash is a waste of the generous ISA tax advantages. Historically financial returns are better - and thus more tax free - on stocks and shares. Click around this finance forum and you'll soon find how to get started with a decent risk/return balance.

Yes; the phrase 'thought about just putting it into a managed fund but already have a cash ISA' doesn't make sense... they're different animals.

[bitchstewie]

If you're doing this seriously and for the long term the sensible thing is to invest and to use a managed fund.

[FriedMarsBar]

Panamax said:

IMO cash is a waste of the generous ISA tax advantages. Historically financial returns are better - and thus more tax free - on stocks and shares. Click around this finance forum and you'll soon find how to get started with a decent risk/return balance.

Keep some cash in easy access ISAs and the rest SS ISAs.

[Cabbage Patch]

bhstewie said:

If you're doing this seriously and for the long term the sensible thing is to invest and to use a managed fund.

Why a managed fund? A tracker is more likely to outperform managed fund, although there are exceptions. Finding the exception is the problem. Then consider the cost of tracker will be significantly less than a managed fund. For buy and hold, trackers are generally considered a better bet.

[bitchstewie]

Cabbage Patch said:

Why a managed fund? A tracker is more likely to outperform managed fund, although there are exceptions. Finding the exception is the problem. Then consider the cost of tracker will be significantly less than a managed fund. For buy and hold, trackers are generally considered a better bet.

I took it to mean a multi-asset like a LifeStrategy or HSBC Global Strategy rather than a 100% equities.

If not then yes I agree with you

[Cabbage Patch]

bhstewie said:

Cabbage Patch said:

Why a managed fund? A tracker is more likely to outperform managed fund, although there are exceptions. Finding the exception is the problem. Then consider the cost of tracker will be significantly less than a managed fund. For buy and hold, trackers are generally considered a better bet.

I took it to mean a multi-asset like a LifeStrategy or HSBC Global Strategy rather than a 100% equities.

If not then yes I agree with you

[superpp]

If individual picked shares I would go for a Trading 212 account.

If you want S&S ETFs go for InvestEngine