Sign in Register

Follow this topic

Follow this topic Q&A » ISAs

Unable to put a stop loss on shares in my ISA.

by snowchick 01 March 2010 | Comments

Comments

1 comment | Love

Love

Love 0 loves

I have had a NATWEST S&S ISA for many years and most of the shares are long termers. However I have recently taken more of an interest in active buying and selling and how they work and notice that my ISA provider does not allow me to put stop loss limits on my shares. Pretty prehistoric i am beginning to think. I am also not able to put any upper sell limits either or purchase limits which last over 24 hours. I am not able to see my protfolio on screen as it is not on theinternet. i understand for some reason natwest and natwest stockbrokers are different. I have checked and am not able to do anything online. The problem is that should I wish to change them to an online broker the charges will be prohibitive. Does anyone have any suggestions??

Report

Enjoyed this? Show it some love

Tweet this

Retweet

Comment on this

Facebook

Twitter

General

Comments (1)

410

manzanilla posted
Personally I think having stop loss limits on equity holdings is highly undesirable - all too often you will find that a sudden move trips one of your stop losses and the share then recovers, so you have lost more money...
Anyway, your choice is to live with the limits of this account or pay the charges to move. Sometime online brokers run incentive campaigns, where they will refund some or all of your moving costs eg Selftrade will refund up to £100: http://www.selftrade.co.uk/getting-started/choose-your-account/transfer-to-us.php
manzanilla
Posted on 01 March 2010 | Love 2 loves Report

Post an answer

Sign in or register to post an answer.

Something you're dying to ask... or answer?

Register with lovemoney.com to start asking and answering questions on Q&A.

Get started now

Sign in for a better Q&A

Registered already? Great! You can just sign in to ask and answer questions.

Sign in

W3C Thank you for using Three Kings