Is it worth having all stock/shares ISAs under a fund supermarket - do the savings add up?
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134liesarenocomfort postedThere's quite a good summary of the pros and cons of fund supermarkets here:
The big one in their favour would seem to be the ability to have several different funds in one isa wrapper.
Personally, I still prefer to buy direct (in the same way I prefer to hold certificated shares rather than use an online broker, even though it's a bit more expensive), but that's just gut, not logic.
This site seems to push Hargreaves Lansdown quite a bit, and HL certainly have a first rate, intuitive, website.
Posted on 03 January 2010 |
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804MikeGG1 posted
Sometimes the total expenses are more and sometimes they are less.
It depends on how much kick back that the provider gives.
If you are an inexperienced investor, the best solution is probably to go for an In-house Low-cost Tracker ISA or Exchange Traded Fund. Either a FTSE All-Share if investing for at least 5 years or Global if over 10 years. Anything else is higher risk.
Mike
Posted on 04 January 2010 | Love 0 loves
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0Lance Middleton posted
Thanks
That is really useful, I've ended up going through HL - the website is very good and quite useful for someone inexperienced but willing to read up on investing!
Posted on 06 January 2010 | Love 0 loves
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