Same reason I closed my IG account.IG's regular charges for what were in effect dormant funds and shares is the reason I closed that account although I believe that fees are waived if you complete a set number of trades. I can live with a fee per trade but it's a question of scale. A £10 fee is a significant percentage of a trade worth a few hundred poundls or less but a bigger buy it's ;ess of an issue. If the stock or fund does well that initial charge is easily compensated for. If a share bombs then you've lost more than your initial fee.
I'm no expert and am not sure what products are available that are index linked.Do you know what a realistic return on investment is for something index linked? After fees and such?
Thanks for that info, out of interest before I click and read the links, can you buy into funds as well as a shares using the 212 account?Personally if you’re only trading small amounts I’d use Trading 212. Companies like AJ Bell, HL & IG index charge fees each time you want to deal. If it’s shares it’s normally about £10 per trade depending on how much you deal.
I had an account with IG index a while back and was also being charged £20 a quarter.
Trading 212 doesn’t have the dealing or account fees. For someone starting out I’d recommend it. The app is decent too.
If you are thinking of opening Trading 212, then use this link and we’ll both get a feee share!
www.trading212.com/invite/GIEZX1U1
I’ve moved away from the other platforms mentioned above and now use 212.
Just bumping this question as I'd like the mod in waitings opinion on this please?Hey worsley, I retire in 3 years, so surely I should up my pension contributions. I'm sitting on £130k paying £125 per month. With the Prudential. What you think?
Thanks for that info, out of interest before I click and read the links, can you buy into funds as well as a shares using the 212 account?
Thought last time @worsleyweb was a mod he had to ban himself?Just bumping this question as I'd like the mod in waitings opinion on this please?
Any thoughts appreciated Mr w?
Not sure mate, but I bet he started a thread on itThought last time @worsleyweb was a mod he had to ban himself?
I'll state the obvious but with those figures I wouldn't be retiring in 3 years.Just bumping this question as I'd like the mod in waitings opinion on this please?
Any thoughts appreciated Mr w?
Depends if you wish to reduce volatility and increase diversification to be fair. I do like ETFs as part and parcel of a portfolio but they’re far too high risk for most people to have as the sole asset within a pension or investment. FCA agrees with me as well. Most balanced investors (circa 88% of investors) should only have 40-60% exposure to equities.As I understand it, actively managed funds do worse in the long term on average than index funds though. And it also seems like there's no real way of distinguishing between skill and luck in deciding which is a well-managed fund.
What sort of return is everyone typically getting annually?