I don’t know how but you’ve managed to package an unbiased analysis. Stocks have stayed aloft as signs of cooler inflation I believe the Fed is finally done with raising rates, that means “Santa has come early” to the markets. What are the best additions to a $500K portfolio to boost performance?
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80,000, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550,000.
I have made a lot of money during the last 6 years, mostly with tech stocks. This year alone i've made over $250k in profits from the first 2 quarters 2024. The lesson I've learned is to focus on what I believe to be good investments and to do completely the opposite of what the noise is saying. I'm 100% invested long.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I'm looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Honestly, this situation makes me uncomfortable, especially with the Fed cutting interest rates by 50 bps. It signals deeper economic issues, and I'm uncertain about my $130K investment strategy with the possibility of not just a recession, but even a depression.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
Yes, let's hope this sticks. This is the most obvious ISA change that's been long overdue. If implemented, it'll really start driving competition up, and fees down.
I would be very interested to see a video of what happens if a broker goes bankrupt. Everyone knows that we are covered up to 85k but what happens to the rest of the money in an ISA and what happens to the money in a GIA and what difference does it make between holding stocks vs having cash in that account when over the 85k limit. Good videos as usual :)
There's more to it than just these fees. There's also the bid offer spread you are offered when purchasing and selling. One platform may be free to trade whilst another may incur a charge, but that doesn't mean the price you pay for the ETF or stock is the same on both platforms. It's possible that free trading costs may be recouped by a larger bid offer spread on the platform. Traditionally, the bigger the broker, the narrower the bid offer spread.
There is also the question of how competent the platform is and how easy is it to talk to someone to get it sorted? IB would be bottom of the list there. Besides, Sasha hasn't looked at fees fully e.g. regular investing and capped custody charge.
@@jam99Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges? Say for example £200/month put into stocks and shares isa and invested into 1-2 index funds. And is there a simple way of explaining how to work this out please, just trying to wrap my head around it all before I make the choice. Thanks!
How would bigger bid, offer spreads benefit the platforn. You can purchase Vanguard etfs on their own platform without dealing costs, just not in real time. The same applies to investengine, no dealing costs but you can't buy in real time, but deals go thru just like when buying, selling normal funds.
Great timing and thanks for this video as I'm just starting to move my (underwhelming and actively managed - doh) investments over to join my existing Vanguard funds. I am not clever, and I am not going to beat everyone else with some complex strategy that's been pulled out of my arse (or anyone else's for that matter!) - That's what I learned from this channel! :)
Glad that you’re finding the channel helpful! Thanks for the support and good lick with the transfer. I have a funny feeling you will be breathing a sigh of relief when it’s done. 👍
Note that you can also transfer ISAs to other companies. So, if you make a mistake, you are not stuck forever with an expensive company. Usually the transfer requires that you've sold the shares already. Some companies also allow you to borrow from your £20k temporarily as if it's a cash savings-account, and you can return that money before the end of the financial year.
So if someone makes a mistake like this, should they make a transfer or they can sell the shares and can withdraw money to their bank account and then deposit into the desired one? Is there any penalty for not doing it the right way, and what even is the right way?
@@joannalis-kumar4627 Sell all the shares inside the old ISA, you'll now have £20k cash in the old ISA. Then start the process of transferring that ISA to another company. Absolutely do not withdraw from the old ISA, it will complicate things. If the old ISA was created in this financial-year, it might be fine. But if the ISA was created a long time ago, you now have a dud with a new max-£1 ISA instead of a max-£20k ISA.
I've been watching your channel quite some time. You helped me when I made my first investment, when everyone was talking about a market crash. Im up 10% in just 6 months, TNX for great content.
I personally use Vanguard ISA to buy ETFs every year. The reason I prefer to pay the vanguard fee and not use a free platform like t212 is because I know Vanguard will still be here in 20 years when I retire, I am not sure about the other platforms. It’s a fee I pay for the peace of mind, I guess
Sorry what? 1% FX fee if you're buying non-UK stocks. PLUS annual management fees, plus share dealing. If you're happy with it, great. But it's definitely not competitive in terms of the product.
Thank you Sasha! Very informative! Very happy to use your link as well as I like very much your transparency comparing with some other guys out there, so very glad came across this channel. Ps. Q: Can I open new ISA acc for New year with new provider or do I have to move money from existing provider to New? Thanks a lot!
Thanks for watching an the kind words! You can open a new ISA from 6 April (new financial year) and you can choose what to do with your old one. You are allowed to keep it and buy/sell/reinvest the money already in there. But if you open a new one and start paying into that, you just can't add any more money to the old one. You can also choose to move it across if you wish - that's really up to you!
Please correct me if I’m wrong, but I was under the impression that with hl you can buy a selection of etfs via monthly direct debit and avoid any transaction fees. In addition, if your portfolio is 100% etfs the 0.45% platform fee is capped at £45 per year.
Exactly what attracted me to them in the first place. It's much cheaper in this one scenario which is what 99% of investors should be doing. Only have to watch out you pick the correct one as HL heavily promote more expensive etf tracker funds through regular investing (E.g. UBS S&P funds) but don't tell you they don't cap the charge on them so it reverts back to 0.45%
The first YT'er who actually highlights the platform reputation/risk/backing! What is it with YT'ers (not you specifically) banging on about and making most of their content about platform costs (affiliate links obvs), seriously! H&L is the highest FX and platform cost of most platforms that include both index funds and stocks (3000+), but you know there's a human at the end of a message or phone, try sorting out issues with newer 'no fee/inexpensive' bot platforms. I dont think so! From 2024 tax year we can have multiple ISA shares platforms, so grab a VG platform for VG index funds and H&L (or similar reputation) for everything else. At least you have managed risk and there will be no surprise T&C changes, costs may even come down with the recent platform competition too, but forget costs, reputation and response is far more important, even over longer durations.
Great video. Thanks a million, but you said "...if you want to invest in UK stocks or European stocks, because I know there are going to be some people who like self inflicting pain..." You HAVE TO explain what you mean by that - please?
Hi Sasha, great video as always. If you transfer to a different ISA provider mid way through the year, can you still only pay into the 1 (original) ISA? Cheers!
Good question! You can transfer mid year but the rules are you have to transfer everything you invested in that year across. With stocks it can be complex if you have prior years and you don’t want to transfer those. Many brokers will ask if you already paid into the same type of ISA when you sign up and not let you open an account if you did - presumably don’t want to deal with the process.
@@connordarnbrough6284totally agree on all 3. I like Sasha much much more since the clickbait title days. He’s incredibly credible and always on the money but I ignored his vids for a long time because of that
@@connordarnbrough6284 Ramin (Pensioncraft) if you want to learn how stuff works. Pete (Meaningful Money) for people who need a more basic understanding.
@SashaYanshin Another very well explanatory piece of information, well done kind sir! Q: Can you transfer your existing shares from IB into IB S&S ISA without selling them?
Can i open for example: a Virgin Cash ISA and a Vanguard stock and Shares ISA in the same financial year and spread 20k between them. Thank you . I'm literally learning day by the day off this channel. Great source of financial education.
Thanks so much. I am starting my investment journey very late in life and find it all so confusing. Thanks for shedding some light on this subject. 💲🥂👏🏻
Great video as always! What’s your current opinion on Moneybox? I currently use for both S&S and personal pension but wondering if I should move ISA to another provider?
Staying or moving is really up to you. Moneybox is pretty expensive though and have a limited offering. 0.45% FX is already very pricey, but there's the 0.45% platform fee on top as well as the £1 per month - it all adds up.
You can, but you don't have to. You can keep the old one running if you don't want to move it. If you do move, it can take a little bit of time and Freetrade will charge you fees (think it's £17 per position for US stocks), but might be cheaper than paying the monthly fees.
Great video, thank you Sasha! Just wanted to ask, what are your thoughts on Stocks and Shares LISAs? Specifically with regards to any advice which provider to go to or how to decide? and Using S&S LISA vs Cash LISA? Thanks :)
Hi Sasha, great content as always. What are your thoughts on Lifetime Stocks and Shares ISA's. I'm and 18 year old accountant able to max the £4000 for the £1000 gov bonus. Provided the fees and investment options are inline with the ISA's youve talked about, is it worth?
More details needed, what would you be using the money for? House? Retirement? When do you want the money? Where in the country are you? The £450k purchase limit means the LISA is problematic already in London and that will spread across the country every year prices go up but the limit doesn't. General advice is to not invest with money you want in less than 5 years.
@@Gemok1980 Hi mate, born in Wimbledon, moved to Surrey for my childhood and am currently in Hampshire. Plan to use the lifetime ISA to purchase a 2-3 bedroom home in Hampshire which vary between £200K-£400k depending where, within the next 10 years. My cost of living is around a third of my income as I live with parents and I am able to max the £4000 per year and have another available £8000 a year give or take to invest. Will hopefully get to the 20k ISA limit per year in a couple years, I am wondering whats the best position before I reach the £20k ISA limit. As I plan to purchase a property within 5-10 years thats likely under the 450k limit i feel like the lifetime ISA is the better choice, especially since ive found a few providers that offer indexes stocks and bonds. Love to hear yor thoughts hopefully I've cleared a few things up.
Hi Sasha - new subscriber (and total newb) here, wondered - is it too late or or even too early (March 2024) to open a Stocks and Shares ISA with the tax year starting next month? Wondered what your thoughts were
I don't understand why we pay duty stamp and FX fees inside the ISA, there should be an account linked to the ISA where we put money we use to pay those fees from outside the ISA so that we can maximise the 20k/year allowance to spend exclusively to buy Stock/Shares/Bonds.
Would definitely be good if all fees could come out of your current account by Direct Debit or something like that. The thing is though - for 99% of ISA users, they won't max the £20k per person allowance, so the point is kinda moot and I guess because so few people are affected, it's not a high priority item to fix for brokers.
Hey Sasha, great video. Interactive Brokers is by far my preferred choice of broker. Love the app and the desktop platform and the selections of stocks and etf's is vast. Only thing that concerns me is the £3 per trade on UK stocks as I want UK dividend stocks in my portfolio. Is it really £3 per trade and do you know does it apply to ETF's purchased through London Stock Exchange as well?
Hello, thanks for the video as usual very informative. Quick question: Whats your tought & Simple Explanation about recent change on interactive brokers (It is just migration to uk accounts) or? Bellow migration info: Currently, your Investment ISA and/or Junior Investment ISA(s) (“ISA Accounts”) are serviced by both Interactive Brokers (U.K.) Limited (“IBUK”) and Interactive Brokers LLC (“IBLLC”), a US broker-dealer. IBLLC provides you with execution, clearing and custody services for various products, including ISA Accounts (the “IBLLC services”). In March 2024, we will begin providing execution, clearing and custody services for ISA Accounts exclusively via IBUK.
These sorts of changes happen relatively frequently - they are changing their legal structures/potentially this is regulator-induced or whatnot. Doesn't really affect anything in terms of your fees or account though - just legalese.
Tax year 2024, your allowed to invest in unlimited S&S ISA's, but still capped at the £20k limit total combined. I wonder how they are going to track that. Or more importantly, how uses will track that, and not breach the limit?
Thanks for this. It would be good for you to briefly cover the process of swapping ISA providers.. is it simple? do you have to liquidate your entire portfolio if swapping from HL to T212 for example or if all same holdings offered by T212 can you just swap the portfolio and holdings over directly?
Great video! Thanks you. If we open stock ISA with suppose interactive investor with 20, 000 this financial year can we invest another 20,000 next year which will be tax free? Or do we have to open a new account?
Hey thanks for the vid, I just used your sign up link for 212. Is there a minimum to deposit to qualify for the free share? And also is it a case of the more someone deposits the better / higher the free share value would be?
Sasha huge fan of your work mate and really thankful for all the hard work you put in to your videos, can you please give me your honest opinion on NIO stock the Chinese ev Kind regards
Great video Sasha, So many comments (sorry in case my questions are already answered, hard to keep track on all comments) 1. Any comments on Monzo ISA? I just happen to open that within week (wish should have waited) 2. Do we have to keep 20k or less throughout financial year so we can be exempted from taxes? Is it locked in a way (I guess not and you can still withdraw anytime) 3. Further on above point, e.g say you have 5k in ISA and you withdraw all after 3 months, (then whatever gains you may have made sure that’s tax free). Basically within financial year at some point you had 5k in ISA, does that count for HMRC self assessment filing and get leverage on taxes? (Or) you don’t get rebate because ideally you withdrew all in a given year?
1.So long as your Monzo ISA is a cash ISA, it doesn't stop you paying into a Stocks and Shares ISA before the new tax year in April (subject to the overall condition of staying within the £20k ISA deposit allowance). 2. You can put £20k into ISAs in each tax year, all of which, while in the ISA, is exempt from tax (unless you die and there's tax on your estate -unlike pensions, ISAs are counted towards your estate). There's no ultimate limit on how large ISAs can grow. You can be an ISA millionaire, so certainly don't have to be under £20k. 3. Firstly, if investing, you should think long term (5 years+) and not about withdrawing in the short term. When i fill my self-assessment as a self-employed person, it's not relevant what I had in my ISA (there's no tax due). However, if you withdraw from an ISA and then go on to make gains/income which needs to be declared, then that's different. But you still have some (small) allowances for CGT and dividend tax outside of ISAs anyway. I've tried to answer, but I appreciate I may be missing what you mean because I didn't particularly understand the final 2 questions you were asking.
That's for you to decide. The limit is on the guarantee only. It doesn't mean that you won't get any money/stocks back above the limit and in practice, unless there is gross misconduct (management steals your assets), they should be relatively easy to recover above the limit too. But at the end of the day, you need to decide for your peace of mind how you want to manage that risk.
Thanks for the great video Sasha. I use HL and hold both a S&S ISA and Junior S&S ISA and only ever invest via regular monthly investing in Vanguard funds (never one off trades) - I understand that by regular monthly investing by direct debit there are no transaction/trade fees, only an annual fee of 0.45%. Is this high compared to others and would you recommend switching to the Vanguard platform in the new tax year?
I have a S&S ISA with vanguard but have LISA with H&L due to vanguard not offering a LISA. I also went with HL for the junior ISA, as vanguard was asking for a minimum contribution of £100 per month. Now I feel like I may have made a mistake and fees will be eating into whatever profit made on the junior ISA. A video on best LISA and junior ISA would be fantastic.
@@alantrunks2908HL doesn't charge for JISAs - it's an excellent option for JISAs! Another big player - Fidelity - has no service fee if investing in funds within a JISA, so again is a great option.
The only downside with Interactive Brokers which I find very annoying is that you have to wait 2 working days after you sold a stock before you can reuse the cash. No other brokers in the UK have this restriction.
Great video, thank you! I'm curious, if I were to relocate indefinitely to another country, would I still be able to keep my ISA account open and allow my investments to grow tax-free? Perhaps not making further deposits, but simply leaving the funds already invested to be withdrawn at a later time.
I am waiting for April 2024 to open a new DIY stocks and shares ISA just for Dividend Growth investments. My current stocks and shares is managed through a robo advisor since 2017. Right now I am focus on research to find 20 - 25 companies trading in the UK.
Thanks for your video. I’ve just put 10k into an RBS isa for two years, also just started a SIPP with vanguard. I’d like to put say £20 a month into a stocks and shares isa over five years, can I ask your thoughts if you were in my position what would you do? Thanks.
@@SashaYanshin Huge fan, been watching your videos for a while. Never had ISA or Pension due to ignorance. Even when I had a Limited Company, The Chartered accountants never advised me to purchase ISA or even SIPP so I missed out a lot and even paid a large amount of taxes over the years until I stopped. Now with ten years to State Pension Age, Is it worth it to purchase Stock and Shares ISA, Vanguard S & P 500 with the Hereditary factor in place so can be passed on? I joined a DB pension scheme through the workplace a few years ago but only have a four thousand pounds per year pension guaranteed for life so far. I will have the full 35 years of NI contributions by State Pension Age. My DB pension dies with me but can purchase additional pension contributions in multiples of 250s up to close to 8000 to boost my pension contributions and the employer also tops up. This will cost around £125k but without dependant cover. Trying to find a balance so I do not overpay into the additional pension contribution purchase which I intend to pay in installments for ten years. But there is no hereditary factor so if I die, the rest of the pension goes to the Employer. Since no spouse or partner, the death lump sum benefit is not applicable in my case. Nobody knows one's life expectancy. The mortgage is fully paid but would like to have an asset that I can pass on to my children who have £200k Student Finance Loans. I wonder if it is worthwhile investing in the Vanguard S&P 500 and leaving it there for at least ten years? Are there alternatives or better options for this dilemma?
Hi Sasha, that's been very helpful. Thank you. I have a question about transfers. Last year I opened shares ISA with IBKR. This year I'll put my whole allowance into T212. I have old cash ISAs from different providers which I want to transfer to last year's IBKR ISA. Is this acceptable?
Love the clear description. What worries me about stocks and shares ISAs is the disclaimer about you might get back less than what you pay in. Is ut likely I will get more in a year than the 5% I can get from a cash ISA? People keep giving figures from 8% to 12% in one year. Where can I get true info about what people make? I want to possibly transfer a £20K ISA to a stocks and shares ISA in 2 weeks, then leave it running for a year, but also open a new cash ISA and pay in £20K on 6th April. That will go with another transfer I have just done.
This is allowed! You can open as many ISA as you like for the purpose of transferring old ones. You can also have ISAs running in parallel. You can only pay in £20K each tax year in total, so can pay £10K in to one and £5K in to two others depending on the provider.
What are the best options for Day Trading the US Market in a stock and shares ISA? with a platform that caters for before and after hours trading, Hot keys and level 2 data?
Hi. I am new to this and would like to get an isa . I want to choose my own stocks tho eg. NVIDIA. Google. Tesla . Can I hand pick my own US stocks with trading 212
Hi, great videos!! Can I check if we click on the link for the trading 212, you will be eligible for up to £100 for a share and the 1% cashback before the end of the 2023/24 tax year?
HL ETFs and stocks is capped at £45 charge per year. If you invest with larger lump sums then £12 per trade isn’t too bad although T212 and IE are still cheaper and have better apps
That’s the annual management fee - you pay that on top of the huge share dealing fees… For ISA-sized sums for 99% of investors, that’s ridiculously expensive.
@@SashaYanshin if you put 10k in 1 ETF and 10k in another then that’s only £24. Agreed that’s it not cheap if you regularly invest small amounts although I believe there’s a cheaper alternative if you invest monthly via DD
Bollox. Open my 212 account a couple of weeks ago so I was ready for 6/4/24 turns out the promo code only works within in 10 days of opening....But atleast I've started my investing journey.
Hey Sasha, great video as always, I have been using a Halifax S&S isa for the last 2 years putting in only a few hundred into VUAG & VWRP each month have noticed the fees are quite high, if I wanted to continue the same amount in the same index funds which platform would make sense? Not planning to touch the money for a good while I hope
@@pmatthews8132 Is there actually a fee to transfer, or are you thinking you must sell (incurring trading fee) in order to transfer?;If it's the latter, so long as the new provider accepts in-specie transfers and offers the same holdings you have, you can possibly move in-specie (the investments get transferred over and you're remaining in the market). Worth asking a suitable provider if it'll potentially save you on costs for the same investments.
Thank you, timely info. One question The Gov £85000 financial protection. Does it cover the investments in an ISA? Would it freeze the value of the stocks at the time the ISA company demised? Does it keep the shares in my name so I get them rather than turned to cash? How is fraud covered (thinking FTX in the shares market).
Hi Sasha, online advice including HMRC continues to be confusing. I've currently begain investing in one of your flagged brokers this tax year. Can i transfer my old stocks & shares ISA which is in a different broker, in to a new broker such as Trading 212? I think i can, but listening to your video suggests i could not add any new money in to this new account... but could continue to buy and sell within it post the transfer. Is that the case? And if so, can i continue to invest in the ISA i have started to fund this year's allowance in to? My current understanding is yes. Any view would be much appreciated.
hey Sasha, if I heard you correctly you said there's no fee's with trading 212 if you buy UK stocks, does that include no stamp duty or do you still have to pay that ?
Every year I put my 4k into AJBell LISA, which I then invest in their adventure portfolio stocks n shares. Does that mean I can open a T212 stocks n shares ISA right now and drop 16k into it?
I've got some questions. Wtf does any of that mean? 😅 I've just started, I'm only playing with about £50 atm just to get an idea of what I'm doing so i don't lose all my money. I just have etoro. What is an isa? Can i carry on with just etoro playing for now as long as i don't hit those capital gains tax thresholds?
Etoro just offers regular investing accounts. For a £50 sum, it won't matter much either way, but if you invest more, that money will be liable to capital gains tax. An ISA is a way to invest without ever having to pay capital gains or dividend tax on the money inside the ISA. Basically a "tax-free" investing account with a £20k per year investing allowance. Etoro don't do ISAs, so if you want to open one, you'll need to try one of the other options. 👍
Sasha following your opinion 3y ago, my ISA is on FT, I know u got a beef with them time ago. Is that the reason you didn’t event mentioned they in this video, or because of it’s because of something else. I’m not totally happy with them but their fees are equivalent for IB & T212. I watch all your videos, keep it up the good work. Thanks ♥️
Their fees have progressively become more and more expensive. They have done multiple bait and switch plays in introducing monthly fees and hiding things behind pay walls that were previously available. Also competition has moved on. 0.45% FX fee is not at all competitive. The monthly fees are completely not competitive. Plus their service sucks and the company clearly has issues with ethics (not just in my opinion - the FCA banned them from advertising for a long period of time). They just don't come even remotely close to the best options now which is why they are not on the list.
Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges? Say for example £200/month put into stocks and shares isa and invested into a few index funds/ETFs. Which will incur the most charges? And is there a simple way of explaining how to work this out please just trying to wrap my head around it all. Thanks!
Hi Sasha, Many thanks for all your good and useful information. It would be good to present a video that compares BTL investment against a stock and shares ISA
Would you please give your advice for the profit of making an ISA account when you plan to retire abroad? Does it worth it ? You got to pay 25 percent of tax to move those ISa funds abroad according to HMrC ?Or an investing saving account is more preferred?
Your friend Jeremy Hunt already announced from April 2024 you will be able to pay into multiple different accounts of the same type of ISA in his autumn statement, maybe you missed the one good thing he announce in amongst all the horse manure @@SashaYanshin
I have a Vanguard ISA. I got a T212 account as there was a good sign up offer (I think via you) so I have a small portfolio of £200 in a GI account. Can those shares be transferred into an ISA with 212 if I choose them as my ISA for 2024/25?
Wait... you can change ISA in a new tax year and continue using your old one (sell/buy/reinvest dividends)? I assumed you'd be able to sell and withdraw but reinvesting into an old isa that isn't your main isa wasn't an option
Yes - the limit is on making deposits into an ISA only. But you are free to keep old ISAs open and keep your investments in there and manage those investments as you wish.
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I don’t know how but you’ve managed to package an unbiased analysis. Stocks have stayed aloft as signs of cooler inflation I believe the Fed is finally done with raising rates, that means “Santa has come early” to the markets. What are the best additions to a $500K portfolio to boost performance?
I recommend you seek the guidance of a financial advisor, Who will advise you buy stocks to purchase.
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80,000, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550,000.
think you could suggest any professional/advisors i can get on the phone with?
Vivian Jean Wilhelm is her name. She is regarded as a genius in her area and works for Empower Financial Services
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services.
I have made a lot of money during the last 6 years, mostly with tech stocks. This year alone i've made over $250k in profits from the first 2 quarters 2024. The lesson I've learned is to focus on what I believe to be good investments and to do completely the opposite of what the noise is saying. I'm 100% invested long.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
A lot of folks have been going on about the bull rally and said stocks that would be experiencing significant growth, any idea which stocks this may be? I just sold my home in the Boca Grande area and I'm looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
Her name is “Annette Christine Conte” can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Honestly, this situation makes me uncomfortable, especially with the Fed cutting interest rates by 50 bps. It signals deeper economic issues, and I'm uncertain about my $130K investment strategy with the possibility of not just a recession, but even a depression.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Her name is Bonita Jeanette Rodriguez. You can easily find her information to arrange an appointment.
Thanks for sharing. I searched for her name and found her website. I reviewed her credentials and did my research before contacting her. Thanks again.
Just to add. From April 2024 I believe there might be a change where you are allowed to pay into more than 1 stocks & shares ISA in a tax year.
Let's hope!
Yes, let's hope this sticks. This is the most obvious ISA change that's been long overdue. If implemented, it'll really start driving competition up, and fees down.
This is correct
Yes indeed, looking forward to this.
Hopefully there will be some good offers come April like extra cash or free shares so can use an ISA for fun money.
I would be very interested to see a video of what happens if a broker goes bankrupt. Everyone knows that we are covered up to 85k but what happens to the rest of the money in an ISA and what happens to the money in a GIA and what difference does it make between holding stocks vs having cash in that account when over the 85k limit. Good videos as usual :)
There's more to it than just these fees. There's also the bid offer spread you are offered when purchasing and selling. One platform may be free to trade whilst another may incur a charge, but that doesn't mean the price you pay for the ETF or stock is the same on both platforms. It's possible that free trading costs may be recouped by a larger bid offer spread on the platform. Traditionally, the bigger the broker, the narrower the bid offer spread.
Exactly. Well said
There is also the question of how competent the platform is and how easy is it to talk to someone to get it sorted? IB would be bottom of the list there. Besides, Sasha hasn't looked at fees fully e.g. regular investing and capped custody charge.
@@jam99Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges?
Say for example £200/month put into stocks and shares isa and invested into 1-2 index funds.
And is there a simple way of explaining how to work this out please, just trying to wrap my head around it all before I make the choice. Thanks!
How would bigger bid, offer spreads benefit the platforn. You can purchase Vanguard etfs on their own platform without dealing costs, just not in real time. The same applies to investengine, no dealing costs but you can't buy in real time, but deals go thru just like when buying, selling normal funds.
Good man for being upfront with your associations 👌 you have developed your channel considerably. It’s wonderful to watch how it has grown.
Great timing and thanks for this video as I'm just starting to move my (underwhelming and actively managed - doh) investments over to join my existing Vanguard funds.
I am not clever, and I am not going to beat everyone else with some complex strategy that's been pulled out of my arse (or anyone else's for that matter!) - That's what I learned from this channel! :)
Glad that you’re finding the channel helpful! Thanks for the support and good lick with the transfer. I have a funny feeling you will be breathing a sigh of relief when it’s done. 👍
Thanks Sasha. Could please do 2 further videos, one for best LISA providers and one for best SIPP providers?
Yes please
Note that you can also transfer ISAs to other companies. So, if you make a mistake, you are not stuck forever with an expensive company. Usually the transfer requires that you've sold the shares already.
Some companies also allow you to borrow from your £20k temporarily as if it's a cash savings-account, and you can return that money before the end of the financial year.
So if someone makes a mistake like this, should they make a transfer or they can sell the shares and can withdraw money to their bank account and then deposit into the desired one? Is there any penalty for not doing it the right way, and what even is the right way?
@@joannalis-kumar4627 Sell all the shares inside the old ISA, you'll now have £20k cash in the old ISA. Then start the process of transferring that ISA to another company.
Absolutely do not withdraw from the old ISA, it will complicate things. If the old ISA was created in this financial-year, it might be fine. But if the ISA was created a long time ago, you now have a dud with a new max-£1 ISA instead of a max-£20k ISA.
I use plum for most of my investing. Including s&s isa. Interest accounts and bonds account
I was going to ask for this video! I never saw it coming 👍🏼👍🏼👍🏼
Hope you find it useful!
Another good video from Sasha, would you do a similar video for a SIPP😊
Unfortunately there really aren't any good options available for SIPP which is incredibly frustrating. I'm hoping this changes in the next year.
Sasha is one of the few people on youtube with integrity.
Thank you so much - doing my best!
Good one Sasha.... love your approach. Keep 'em coming. Cheers :)
👍
I've been watching your channel quite some time. You helped me when I made my first investment, when everyone was talking about a market crash. Im up 10% in just 6 months, TNX for great content.
Congrats!
Excellent points Sasha. Now that the Q4 results of Tesla is out, we are eager to hear your thoughts on the data.
I personally use Vanguard ISA to buy ETFs every year. The reason I prefer to pay the vanguard fee and not use a free platform like t212 is because I know Vanguard will still be here in 20 years when I retire, I am not sure about the other platforms. It’s a fee I pay for the peace of mind, I guess
Ibrk is bigger than vanguard and massively cheaper. U overspending for similar safety
@@gf5050 what is ibrk?
@@gf5050 vanguard is way bigger than ibrk, just look at the assets…. It’s not even the same world
HL is actually extremely cheap if you have a large portfolio and invest monthly into ETFs and shares. It’s max £3 or so and service is best is class.
Facts !
Sorry what? 1% FX fee if you're buying non-UK stocks. PLUS annual management fees, plus share dealing.
If you're happy with it, great. But it's definitely not competitive in terms of the product.
I accidentally deposited a small amount
Thank you Sasha! Very informative! Very happy to use your link as well as I like very much your transparency comparing with some other guys out there, so very glad came across this channel.
Ps. Q: Can I open new ISA acc for New year with new provider or do I have to move money from existing provider to New? Thanks a lot!
Thanks for watching an the kind words!
You can open a new ISA from 6 April (new financial year) and you can choose what to do with your old one. You are allowed to keep it and buy/sell/reinvest the money already in there.
But if you open a new one and start paying into that, you just can't add any more money to the old one.
You can also choose to move it across if you wish - that's really up to you!
Please correct me if I’m wrong, but I was under the impression that with hl you can buy a selection of etfs via monthly direct debit and avoid any transaction fees. In addition, if your portfolio is 100% etfs the 0.45% platform fee is capped at £45 per year.
Exactly what attracted me to them in the first place. It's much cheaper in this one scenario which is what 99% of investors should be doing. Only have to watch out you pick the correct one as HL heavily promote more expensive etf tracker funds through regular investing (E.g. UBS S&P funds) but don't tell you they don't cap the charge on them so it reverts back to 0.45%
@@SpencerPearson Both of you don't mention who your talking about! 😆
@@rfxtuber sorry, we were abbreviating Hargreaves Lansdowne to HL. :)
@@SpencerPearson Not in this thread you wasn't no abbreviation mentioned?... lol, read both of your posts again...
You avoid transaction fees of £12 with HL even if you don’t have a direct debit and are buying index funds.
Perfect timing! Been looking for a specifc ISA and which provider to use! Thank you :)
Well there you go!
The first YT'er who actually highlights the platform reputation/risk/backing! What is it with YT'ers (not you specifically) banging on about and making most of their content about platform costs (affiliate links obvs), seriously! H&L is the highest FX and platform cost of most platforms that include both index funds and stocks (3000+), but you know there's a human at the end of a message or phone, try sorting out issues with newer 'no fee/inexpensive' bot platforms. I dont think so!
From 2024 tax year we can have multiple ISA shares platforms, so grab a VG platform for VG index funds and H&L (or similar reputation) for everything else. At least you have managed risk and there will be no surprise T&C changes, costs may even come down with the recent platform competition too, but forget costs, reputation and response is far more important, even over longer durations.
Great video. Thanks a million, but you said "...if you want to invest in UK stocks or European stocks, because I know there are going to be some people who like self inflicting pain..." You HAVE TO explain what you mean by that - please?
Thank you! Super informative! :)
🙏
Thanks for the video. If we use an ISA account, do we need to send any info or reports (monthly/yearly) to HMRC or other government institutions?
No, you do not.
Not sure if any of the other brokers offer it, but the interest that 212 pays on uninvested funds is nice too
IBKR gives 4.83% atm
Lightyear pays interest on uninvested funds.
@@InfectedByEli My guess is they've all started paying interest on cash holdings. II started about a year ago (actually November '22 ).
Trading 212 is 5%
Hi Sasha, great video as always.
If you transfer to a different ISA provider mid way through the year, can you still only pay into the 1 (original) ISA? Cheers!
Good question! You can transfer mid year but the rules are you have to transfer everything you invested in that year across. With stocks it can be complex if you have prior years and you don’t want to transfer those. Many brokers will ask if you already paid into the same type of ISA when you sign up and not let you open an account if you did - presumably don’t want to deal with the process.
Great video, you are one of the top 5 finance youtube guys, keep up the great work
Really appreciate the flattering comment!
I agree, but i'm curious as to who else you think is top 5? i really like Damien talks money and Toby Newbatt...
@@connordarnbrough6284totally agree on all 3. I like Sasha much much more since the clickbait title days. He’s incredibly credible and always on the money but I ignored his vids for a long time because of that
@@connordarnbrough6284 Ramin (Pensioncraft) if you want to learn how stuff works. Pete (Meaningful Money) for people who need a more basic understanding.
@SashaYanshin Another very well explanatory piece of information, well done kind sir!
Q: Can you transfer your existing shares from IB into IB S&S ISA without selling them?
Can i open for example: a Virgin Cash ISA and a Vanguard stock and Shares ISA in the same financial year and spread 20k between them. Thank you . I'm literally learning day by the day off this channel. Great source of financial education.
Yes, you can. You are just not allowed to pay into multiple ISAs of the same type in a tax year, such as 2 S&S ISAs.
You are actually going to be allowed to invest into multiple stocks & shares isa’s in the same tax year up to the 20k limit.
Thanks so much. I am starting my investment journey very late in life and find it all so confusing. Thanks for shedding some light on this subject. 💲🥂👏🏻
Great video as always! What’s your current opinion on Moneybox? I currently use for both S&S and personal pension but wondering if I should move ISA to another provider?
Staying or moving is really up to you.
Moneybox is pretty expensive though and have a limited offering.
0.45% FX is already very pricey, but there's the 0.45% platform fee on top as well as the £1 per month - it all adds up.
Thanks Sasha great content as always! can I transfer my ISA in Freetrade to Interactive? just will be easier for me to manage everything in one place.
You can, but you don't have to. You can keep the old one running if you don't want to move it. If you do move, it can take a little bit of time and Freetrade will charge you fees (think it's £17 per position for US stocks), but might be cheaper than paying the monthly fees.
Great video, thank you Sasha! Just wanted to ask, what are your thoughts on Stocks and Shares LISAs? Specifically with regards to any advice which provider to go to or how to decide? and Using S&S LISA vs Cash LISA? Thanks :)
Great video Sasha, all the best man!
Thank you!!
Hi Sasha, great content as always.
What are your thoughts on Lifetime Stocks and Shares ISA's. I'm and 18 year old accountant able to max the £4000 for the £1000 gov bonus. Provided the fees and investment options are inline with the ISA's youve talked about, is it worth?
More details needed, what would you be using the money for? House? Retirement? When do you want the money? Where in the country are you?
The £450k purchase limit means the LISA is problematic already in London and that will spread across the country every year prices go up but the limit doesn't.
General advice is to not invest with money you want in less than 5 years.
@@Gemok1980 Hi mate, born in Wimbledon, moved to Surrey for my childhood and am currently in Hampshire. Plan to use the lifetime ISA to purchase a 2-3 bedroom home in Hampshire which vary between £200K-£400k depending where, within the next 10 years. My cost of living is around a third of my income as I live with parents and I am able to max the £4000 per year and have another available £8000 a year give or take to invest. Will hopefully get to the 20k ISA limit per year in a couple years, I am wondering whats the best position before I reach the £20k ISA limit. As I plan to purchase a property within 5-10 years thats likely under the 450k limit i feel like the lifetime ISA is the better choice, especially since ive found a few providers that offer indexes stocks and bonds. Love to hear yor thoughts hopefully I've cleared a few things up.
Hi Sasha - new subscriber (and total newb) here, wondered - is it too late or or even too early (March 2024) to open a Stocks and Shares ISA with the tax year starting next month? Wondered what your thoughts were
I don't understand why we pay duty stamp and FX fees inside the ISA, there should be an account linked to the ISA where we put money we use to pay those fees from outside the ISA so that we can maximise the 20k/year allowance to spend exclusively to buy Stock/Shares/Bonds.
Would definitely be good if all fees could come out of your current account by Direct Debit or something like that.
The thing is though - for 99% of ISA users, they won't max the £20k per person allowance, so the point is kinda moot and I guess because so few people are affected, it's not a high priority item to fix for brokers.
Hey Sasha, great video. Interactive Brokers is by far my preferred choice of broker. Love the app and the desktop platform and the selections of stocks and etf's is vast. Only thing that concerns me is the £3 per trade on UK stocks as I want UK dividend stocks in my portfolio. Is it really £3 per trade and do you know does it apply to ETF's purchased through London Stock Exchange as well?
Hello, thanks for the video as usual very informative. Quick question: Whats your tought & Simple Explanation about recent change on interactive brokers (It is just migration to uk accounts) or? Bellow migration info:
Currently, your Investment ISA and/or Junior Investment ISA(s) (“ISA Accounts”) are serviced by both Interactive Brokers (U.K.) Limited (“IBUK”) and Interactive Brokers LLC (“IBLLC”), a US broker-dealer. IBLLC provides you with execution, clearing and custody services for various products, including ISA Accounts (the “IBLLC services”). In March 2024, we will begin providing execution, clearing and custody services for ISA Accounts exclusively via IBUK.
These sorts of changes happen relatively frequently - they are changing their legal structures/potentially this is regulator-induced or whatnot.
Doesn't really affect anything in terms of your fees or account though - just legalese.
Tax year 2024, your allowed to invest in unlimited S&S ISA's, but still capped at the £20k limit total combined. I wonder how they are going to track that. Or more importantly, how uses will track that, and not breach the limit?
Probably your National Insurance number is used for tracking
I’m already doing that 😬 am I screwed? Are HMRC going to swat team my house😅
They have your NI number and details so you will find out when they send a letter demanding it paid in 30 days.
thanks Sasha 🙏extremely helpful
👍
Thanks for this. It would be good for you to briefly cover the process of swapping ISA providers.. is it simple? do you have to liquidate your entire portfolio if swapping from HL to T212 for example or if all same holdings offered by T212 can you just swap the portfolio and holdings over directly?
T212 do not offer in-specie transfers in, only offer cash transfers in. So you would have to sell, incur any costs and be out of the market.
Id love to learn more as an absolute beginner if you more vids on this
I will be doing more and I am actually right now working on a course too :)))
@@SashaYanshin I look forward to it, feels like I could get into it with decent guidance
What an honest man ❤
I’m completely new to this so forgive me for the daft question but what is the best stocks and shares isa for dividends ?
Great video! Thanks you. If we open stock ISA with suppose interactive investor with 20, 000 this financial year can we invest another 20,000 next year which will be tax free? Or do we have to open a new account?
Hey thanks for the vid, I just used your sign up link for 212. Is there a minimum to deposit to qualify for the free share? And also is it a case of the more someone deposits the better / higher the free share value would be?
Sasha huge fan of your work mate and really thankful for all the hard work you put in to your videos, can you please give me your honest opinion on NIO stock the Chinese ev
Kind regards
Not gonna go into any depth, but I frankly never understood why that stock was so popular with retail investors.
Great video Sasha,
So many comments (sorry in case my questions are already answered, hard to keep track on all comments)
1. Any comments on Monzo ISA? I just happen to open that within week (wish should have waited)
2. Do we have to keep 20k or less throughout financial year so we can be exempted from taxes? Is it locked in a way (I guess not and you can still withdraw anytime)
3. Further on above point, e.g say you have 5k in ISA and you withdraw all after 3 months, (then whatever gains you may have made sure that’s tax free). Basically within financial year at some point you had 5k in ISA, does that count for HMRC self assessment filing and get leverage on taxes? (Or) you don’t get rebate because ideally you withdrew all in a given year?
1.So long as your Monzo ISA is a cash ISA, it doesn't stop you paying into a Stocks and Shares ISA before the new tax year in April (subject to the overall condition of staying within the £20k ISA deposit allowance).
2. You can put £20k into ISAs in each tax year, all of which, while in the ISA, is exempt from tax (unless you die and there's tax on your estate -unlike pensions, ISAs are counted towards your estate). There's no ultimate limit on how large ISAs can grow. You can be an ISA millionaire, so certainly don't have to be under £20k.
3. Firstly, if investing, you should think long term (5 years+) and not about withdrawing in the short term. When i fill my self-assessment as a self-employed person, it's not relevant what I had in my ISA (there's no tax due). However, if you withdraw from an ISA and then go on to make gains/income which needs to be declared, then that's different. But you still have some (small) allowances for CGT and dividend tax outside of ISAs anyway.
I've tried to answer, but I appreciate I may be missing what you mean because I didn't particularly understand the final 2 questions you were asking.
So weird I was doing research on this. Lo and behold!
Well there you go!
@@SashaYanshin thanks for the information as always!
I dont live in uk but i love his videos... Informative and funny 👍
This one in particular must have been pretty dull if you're not based in the UK! :))))
Thx for your video. Would you need to open a new isa with a different company when your current one reaches 85k as it wouldn’t then be protected? Thx!
That's for you to decide. The limit is on the guarantee only. It doesn't mean that you won't get any money/stocks back above the limit and in practice, unless there is gross misconduct (management steals your assets), they should be relatively easy to recover above the limit too.
But at the end of the day, you need to decide for your peace of mind how you want to manage that risk.
Great video Sasha. Thanks!
Thanks for watching!
Thanks for the great video Sasha. I use HL and hold both a S&S ISA and Junior S&S ISA and only ever invest via regular monthly investing in Vanguard funds (never one off trades) - I understand that by regular monthly investing by direct debit there are no transaction/trade fees, only an annual fee of 0.45%. Is this high compared to others and would you recommend switching to the Vanguard platform in the new tax year?
I have a S&S ISA with vanguard but have LISA with H&L due to vanguard not offering a LISA. I also went with HL for the junior ISA, as vanguard was asking for a minimum contribution of £100 per month.
Now I feel like I may have made a mistake and fees will be eating into whatever profit made on the junior ISA.
A video on best LISA and junior ISA would be fantastic.
@@alantrunks2908HL doesn't charge for JISAs - it's an excellent option for JISAs! Another big player - Fidelity - has no service fee if investing in funds within a JISA, so again is a great option.
The only downside with Interactive Brokers which I find very annoying is that you have to wait 2 working days after you sold a stock before you can reuse the cash. No other brokers in the UK have this restriction.
Great video, thank you! I'm curious, if I were to relocate indefinitely to another country, would I still be able to keep my ISA account open and allow my investments to grow tax-free? Perhaps not making further deposits, but simply leaving the funds already invested to be withdrawn at a later time.
I am waiting for April 2024 to open a new DIY stocks and shares ISA just for Dividend Growth investments. My current stocks and shares is managed through a robo advisor since 2017. Right now I am focus on research to find 20 - 25 companies trading in the UK.
Thanks Sasha I didnt know we can still buy and sell stocks from other isa ! even if we dont contribute to it within Tax year good info
Thanks for your video. I’ve just put 10k into an RBS isa for two years, also just started a SIPP with vanguard. I’d like to put say £20 a month into a stocks and shares isa over five years, can I ask your thoughts if you were in my position what would you do? Thanks.
I use Barclays, but thinking of bouncing over to 212.
Barclays is very expensive with the monthly fees AND trade fees AND a 1% FX fee. This is insanely high compared to the leading options.
@@SashaYanshin Huge fan, been watching your videos for a while. Never had ISA or Pension due to ignorance. Even when I had a Limited Company, The Chartered accountants never advised me to purchase ISA or even SIPP so I missed out a lot and even paid a large amount of taxes over the years until I stopped. Now with ten years to State Pension Age, Is it worth it to purchase Stock and Shares ISA, Vanguard S & P 500 with the Hereditary factor in place so can be passed on? I joined a DB pension scheme through the workplace a few years ago but only have a four thousand pounds per year pension guaranteed for life so far. I will have the full 35 years of NI contributions by State Pension Age. My DB pension dies with me but can purchase additional pension contributions in multiples of 250s up to close to 8000 to boost my pension contributions and the employer also tops up. This will cost around £125k but without dependant cover. Trying to find a balance so I do not overpay into the additional pension contribution purchase which I intend to pay in installments for ten years. But there is no hereditary factor so if I die, the rest of the pension goes to the Employer. Since no spouse or partner, the death lump sum benefit is not applicable in my case. Nobody knows one's life expectancy. The mortgage is fully paid but would like to have an asset that I can pass on to my children who have £200k Student Finance Loans. I wonder if it is worthwhile investing in the Vanguard S&P 500 and leaving it there for at least ten years? Are there alternatives or better options for this dilemma?
Hi Sasha, that's been very helpful. Thank you. I have a question about transfers. Last year I opened shares ISA with IBKR. This year I'll put my whole allowance into T212. I have old cash ISAs from different providers which I want to transfer to last year's IBKR ISA. Is this acceptable?
Love the clear description. What worries me about stocks and shares ISAs is the disclaimer about you might get back less than what you pay in.
Is ut likely I will get more in a year than the 5% I can get from a cash ISA?
People keep giving figures from 8% to 12% in one year.
Where can I get true info about what people make?
I want to possibly transfer a £20K ISA to a stocks and shares ISA in 2 weeks, then leave it running for a year, but also open a new cash ISA and pay in £20K on 6th April. That will go with another transfer I have just done.
This is allowed! You can open as many ISA as you like for the purpose of transferring old ones. You can also have ISAs running in parallel. You can only pay in £20K each tax year in total, so can pay £10K in to one and £5K in to two others depending on the provider.
Fantastic video. Can you make the same video for junior ISAs please. Maybe one for junior SIPP please
Is it possible to invest in multiple ISA's of the same type from Apr 24? Assumimg the combined allowance is not breached
Not fully confirmed yet, but if it does happen, that'll be amazing for customers.
What are the best options for Day Trading the US Market in a stock and shares ISA? with a platform that caters for before and after hours trading, Hot keys and level 2 data?
Hi. I am new to this and would like to get an isa . I want to choose my own stocks tho eg. NVIDIA. Google. Tesla . Can I hand pick my own US stocks with trading 212
Hi Sasha, can you please make an updated Tesla stock video?
Which junior stock and shares ISA would you choose, for investing in global market etf such as FTSE all world or MSCI ACWI?
Hi, great videos!! Can I check if we click on the link for the trading 212, you will be eligible for up to £100 for a share and the 1% cashback before the end of the 2023/24 tax year?
HL ETFs and stocks is capped at £45 charge per year. If you invest with larger lump sums then £12 per trade isn’t too bad although T212 and IE are still cheaper and have better apps
That’s the annual management fee - you pay that on top of the huge share dealing fees… For ISA-sized sums for 99% of investors, that’s ridiculously expensive.
@@SashaYanshindirect debit regular investment with HL ETFs don’t incur a charge any more, so pretty good for regular savers who don’t trade at all.
@@SashaYanshin if you put 10k in 1 ETF and 10k in another then that’s only £24. Agreed that’s it not cheap if you regularly invest small amounts although I believe there’s a cheaper alternative if you invest monthly via DD
@@rob_h_7 How many people invest 2x £10 in one go into their ISA? This is an extreme edge case example.
@@SashaYanshin just me probably! I’ve built up the funds in my savings account paying over 5% and then I’ll dump it into the ISA in one go
Brill! Awaiting for this clear explanation. +1 Sub👍🏼
There you go!
Great info. Will your links last until the new tax year? Already up to the cash isa limit.
yep, unless they suddenly change their offers. 👍
Bollox. Open my 212 account a couple of weeks ago so I was ready for 6/4/24 turns out the promo code only works within in 10 days of opening....But atleast I've started my investing journey.
Hey Sasha, great video as always, I have been using a Halifax S&S isa for the last 2 years putting in only a few hundred into VUAG & VWRP each month have noticed the fees are quite high, if I wanted to continue the same amount in the same index funds which platform would make sense? Not planning to touch the money for a good while I hope
I’m also nervous about the fees to transfer from Halifax to another but seems now would be a good time before April
@@pmatthews8132 Is there actually a fee to transfer, or are you thinking you must sell (incurring trading fee) in order to transfer?;If it's the latter, so long as the new provider accepts in-specie transfers and offers the same holdings you have, you can possibly move in-specie (the investments get transferred over and you're remaining in the market). Worth asking a suitable provider if it'll potentially save you on costs for the same investments.
Use trading 212
Thank you, timely info.
One question
The Gov £85000 financial protection. Does it cover the investments in an ISA? Would it freeze the value of the stocks at the time the ISA company demised? Does it keep the shares in my name so I get them rather than turned to cash? How is fraud covered (thinking FTX in the shares market).
very good ,informative, and straight to the point video.
🙏 Thank you!
@@SashaYanshin Got my attention too sasha... very very good...
Hi Sasha, online advice including HMRC continues to be confusing. I've currently begain investing in one of your flagged brokers this tax year.
Can i transfer my old stocks & shares ISA which is in a different broker, in to a new broker such as Trading 212? I think i can, but listening to your video suggests i could not add any new money in to this new account... but could continue to buy and sell within it post the transfer. Is that the case? And if so, can i continue to invest in the ISA i have started to fund this year's allowance in to? My current understanding is yes.
Any view would be much appreciated.
hey Sasha, if I heard you correctly you said there's no fee's with trading 212 if you buy UK stocks, does that include no stamp duty or do you still have to pay that ?
Still pay stamp duty
Sasha, great info. I wonder if you tell us if any of theses offer the "flexi" ISA feature or ISA flexibility, whatever it is called. Rgds
Vanguard is flexible, according to their website. This should be answerable on their websites or by customer service.
Every year I put my 4k into AJBell LISA, which I then invest in their adventure portfolio stocks n shares. Does that mean I can open a T212 stocks n shares ISA right now and drop 16k into it?
Yes as long as you haven't contributed to any other ISAs. Total contributions across all types of ISA cannot exceed £20k.
You can buy limited shares in your isa with DODL, which is say AJ BELL's budget company, im looking at this in more detail
Monthly fees based on amount invested + very expensive FX fees which is why it was not in the list.
was very helpful
Thank you
I've got some questions. Wtf does any of that mean? 😅 I've just started, I'm only playing with about £50 atm just to get an idea of what I'm doing so i don't lose all my money. I just have etoro. What is an isa? Can i carry on with just etoro playing for now as long as i don't hit those capital gains tax thresholds?
Etoro just offers regular investing accounts. For a £50 sum, it won't matter much either way, but if you invest more, that money will be liable to capital gains tax.
An ISA is a way to invest without ever having to pay capital gains or dividend tax on the money inside the ISA. Basically a "tax-free" investing account with a £20k per year investing allowance.
Etoro don't do ISAs, so if you want to open one, you'll need to try one of the other options. 👍
Sasha following your opinion 3y ago, my ISA is on FT, I know u got a beef with them time ago. Is that the reason you didn’t event mentioned they in this video, or because of it’s because of something else. I’m not totally happy with them but their fees are equivalent for IB & T212. I watch all your videos, keep it up the good work. Thanks ♥️
Their fees have progressively become more and more expensive. They have done multiple bait and switch plays in introducing monthly fees and hiding things behind pay walls that were previously available.
Also competition has moved on. 0.45% FX fee is not at all competitive. The monthly fees are completely not competitive.
Plus their service sucks and the company clearly has issues with ethics (not just in my opinion - the FCA banned them from advertising for a long period of time).
They just don't come even remotely close to the best options now which is why they are not on the list.
Many thanks for explaining in so much detais. :)@@SashaYanshin
Surprised Interactive Brokers made the list… (just a note but their fees are higher than stated in the UK as you’re looking at US based fees).
Hi Sasha. Which is the best stock broker for in-species transfers? Does Interactive brokers or Trading 212 offer this service ?
This is brilliant info. Thank you
There you go!
is there a zero risk tool ( like saving account ) that we can purchase in interactive brokers? doesn't matter if it has low interest rate
Out of Trading 212 and Vanguard which one of these platforms has the cheaper regular investments charges?
Say for example £200/month put into stocks and shares isa and invested into a few index funds/ETFs.
Which will incur the most charges?
And is there a simple way of explaining how to work this out please just trying to wrap my head around it all. Thanks!
Sasha has made a good video!
Thank you!
Hi Sasha, Many thanks for all your good and useful information. It would be good to present a video that compares BTL investment against a stock and shares ISA
Thanks! Not sure how to really compare these - very different beasts, entirely different asset classes with different pros and cons.
Would you please give your advice for the profit of making an ISA account when you plan to retire abroad? Does it worth it ? You got to pay 25 percent of tax to move those ISa funds abroad according to HMrC ?Or an investing saving account is more preferred?
In Canada you can contribute to an unlimited number of TFSA accounts(equivalent to an ISA) in one year
Hopefully the UK regulations will catch up with the modern world at some point!
Your friend Jeremy Hunt already announced from April 2024 you will be able to pay into multiple different accounts of the same type of ISA in his autumn statement, maybe you missed the one good thing he announce in amongst all the horse manure @@SashaYanshin
IBKR is the best if your just investing in US stocks
If you're making bigger deposits and bigger trades, it is very good value.
I have a Vanguard ISA. I got a T212 account as there was a good sign up offer (I think via you) so I have a small portfolio of £200 in a GI account. Can those shares be transferred into an ISA with 212 if I choose them as my ISA for 2024/25?
No you will have to sell and rebuy in your isa.
Thoughts on Monzo and their stocks and shares Isa?
Very expensive and a choice of 3 proprietary funds with no other option - a complete waste of space in my opinion.
Wait... you can change ISA in a new tax year and continue using your old one (sell/buy/reinvest dividends)?
I assumed you'd be able to sell and withdraw but reinvesting into an old isa that isn't your main isa wasn't an option
Yes - the limit is on making deposits into an ISA only. But you are free to keep old ISAs open and keep your investments in there and manage those investments as you wish.
What about if you have maxed out your isa? Are the same funds the best option albeit outside of an isa?