Happy Sunday guys! To get one FREE fractional share worth up to £100 sign up to Trading 212 and deposit £1 using this link: www.trading212.com/join/MITCH. Or Use PROMO CODE “MITCH” (Capital At Risk. Terms and Conditions Apply)
YOU and Minority mindset are the financial education our system desperately needs... please (anyone reading) if you know more channels like these two do tell me as this is really quality content😊😊
Hi thanks for the information it’s really helpful. I have a T212 investment account and cash isa - can I transfer the interest from the investment account to the cash isa account ? Thank you 🙏 Jules
#9 Monitor your FX impact! I can't highlight this much enough. I made a mistake and opened my account in EUR based currency, although I'm resident in Hungary with hungarian forint. So I purchased everything in EUR, and because of this I didn't see the FX impacts in my investments, well not on EUR shares though, on GBP shares like BATS I saw of course, but i didn't see the FX impact on my forint there either, had to calculate it out. And since we can't switch between base currencies I'm currently in the process to close my current account and open one in forints, so I'll be able to see the FX impact on investments. So yeah, DO NOT MAKE MY MISTAKE and open your account in the currency you live in or plan to live in! 😄
I’m not sure if you’re Hungarian or just living in Hungary, so I’ll write in English. My account based currency is Forint, but it really bothers me that the FX impact is included. If I just want to see the stock itself (how much it increased or decreased), I have to subtract the FX impact.
Thanks for the whole content on your channel! I'm a beginner in this, so it helps a lot. Also, I used your code, and hope you get something out of it. Stay well, and thanks again!
Hi Mitch. I’m new to this. Is it better just to leave money in shares for long term because they don’t really go up or down much in short term. Thanks 🙏🏻
Hey, deep question, I have no idea on this one. I would assume that if you died, whoever you have written into your will to acquire your assets will claim the value of the investments. I'm not sure if they would be liquidated or kept though - it's not something I've experienced before so not too sure!
@@MitchShoesmith thanks for your answer, but I really wanted to know this one … 🤷🏻♂️ because you never know… and should be make it decision to person who inherits… if he wants money or keeps it investment for long term 🤨🤔
@peterst111 hey, it is linked to your NI number, so it is fairly straightforward. On the government website it has a section about deaths and marriages.. it has a section called "tell us once." Input the deceased NI number and death cert details and it will automatically freeze everything. Your next of kin will have to reach out to certain companies with a death certificate and tell each company about your death. Make sure you keep a record of what accounts you have to make it easier for your next of kin to inherent your assets otherwise unclaimed money will go back into the government pockets. Unfortunately I have experience with this recently.
Hi there. If you are in the UK or any country which uses an English Law based system or a Scottish Law based system, then the person you named in your Will will get the account without any liquidation. It's up to them to sell the stocks if they wish to. If you died intestate (with no Will) it will go to your next of kin. So your biological or adopted child. If you don't have children, then shared equally by your biological or adoptive parents. If you don't have parents, then your biological or adopted siblings to be shared equally between all your siblings. After that it's aunts/uncles then cousins if you don't have siblings. Source: Law degree
Hi Mitch..Just came Across Your vid As Have Been looking To invest@ £200.00 per Month and having watched your vid I don't thinks I'm tech savvy enough to understand exactly what Is needed ..look 'm the wrong side of 70 and looking to supplement my State Pension and a small private pension but I really did not Understand most of what you were presenting and although £200.00 p/m is not a lot in real terms it is quite a Lot for me to lose .any advise would be appreciated to simplify the process I have seen some sites where it's done automatically each day etc etc....great video Mitch just wish i understood It🤣
Hello, interesting to see how much higher the interest rate is compared to my current cash ISA with my bank! Can I move the whole of one cash ISA from one bank to another, or does the 20k limit still apply if moving money from one ISA to another?
Hi, i have a T212 account and a InvestEngine account, and am invested in VUSA in both. T212 seems so trade between 8am-5pm GMT, IE between i think 2-9:30pm. Why's that, and does it make a difference overall? Is that just when the updates happen rather than any real difference with interested earned etc?
Hi Mitch, if you put cash in your stocks isa (similar to putting cash into your cash isa) is it also FSC protected (ie if you have it in cash in your stocks isa as this will allow me to subject the cash to a pending limit order buy)?
Hi Mitch, does it work the other way in that i can move my cash from my Stocks and Shares ISA into my Cash ISA without it affecting my allowance as i have already maxed it?
Is it possible to transfer investments or a pie from invest to stocks isa, or do I need to sell everything in my invest account and start again in the stocks isa?
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
Hi Mitch, thanks for the video, just discovered your channel! Question: if I already have a Stocks ISA elsewhere (Hargreaves Lansdown) can I also open one with Trading212 and share the allowance between them? Or are we limited to just one of each ISA type per person? I like the look of T212, and would like to try it out (especially the Pie feature!) but just want to dip my toe in the water as I already have a lot of investments with HL. Thanks!
Sorry to jump on, but like Chris, have a HL Stocks & Shares ISA that I roll each year and have monthly buys by dd. If the overall value is less than £20k, can I open another S&S ISA elsewhere (Trading212)? So would I have to keep track of the overall portfolio value then, to not breach the £20k limit?
I have a small amount of cash that has accrued in the GIA but it won't let my transfer to the Stocks ISA. Is that because I opted to have it pay interest and is now being used in MMFs etc.?
Hey Matt - I believe you should be able to move free funds, if you click on the three dashes, click manage funds, select move funds, select the invest account as the top option, ISA as the one below and then enter the amount and it should work...
Hi, not really an investing question, but I basically bought some S&P 500 stock and got one apple stock,, Im stuck between deciding to just buy more S&P 500 or just primarily invest in apple. Dont know if its a stupid question but if it is sorry.
It's the fscs, basically how safe it is if trading212 collapses. In the cash ISA it's safe. But not safe in the stocks and shares ISA. It's a bit unnecessarily complicated. But that's why in the stocks and shares ISA you have to 'opt in' to get the daily interest. Simply put, move cash to cash ISA for safe daily interest, until ready to invest it in the stocks and shares ISA.
Hey Rohitha, Rich has covered the main points. With your Cash ISA you have FSCS protection on cash, in your Stocks ISA you don’t get FSCS protection on your cash if you opt into the interest
Hi mich, as a new investor I made a mistake of opening a invest account, rather than a stocks isa account... Is there anyway I can move my invest account Over to my isa Stocks account?? Kind regards Jason.
Hey Jason, sadly not as a transfer, the only way to do it would be to sell your positions in your invest account and start a new ISA. Or you could just leave what you have in your invest account and start a new ISA - there isn’t any other way unfortunately!
Do what I did, buy the same shares in the new isa and immediately sell the same amount in the general investment account, then when the money clears in the GIA, transfer it to the isa account and repeat, It’s not really possible if you invest more than £20 a year, but if you invest less and your GIA is relatively small, you can do this without paying tax.
I made the same mistake. Got round it by opening an ISA account, selling the positions in the green and moving funds across from invest to ISA. I still have a few positions in the invest account that are down so I’ll leave them there until they’re in the green then sell and move funds
Hi Mitch, thanks for your helpful videos 😊 I have about 2k in S&P 500 with T212 I’ve made a 10.23% return so far. My question is it’s only in my invest acc. Should I sell and re buy in my T212 ISA? My avg. price there £73.28. Or leave if be? Thanks
In the settings you can transfer funds between accounts. If youre dealing with anything less than 20,000 it should always be in the isa. Its exactly the same except you dont pay capital gains tax on profits
here´s a tip for those wanting to invest soley on US stocks/instrumnets convert your euros to pounds to USD (multicurrency feature) this will rid you of exr fees
in your example why would palantir and meta have different fax fees, one positive and one negative if both are based in the US? which in turns means the same FX dollar impact for both companies
@@MitchShoesmith fab thanks. might be a stupid question but regardless of the timings i’m assuming the pound was weaker than the dollar so shouldn’t they both be negative? or i’m assuming it was a long time and they’ve flipped since? thanks
So when the pound is stronger than the dollar (as it is now), does that mean US stocks are cheaper for U.K. residents when buying? Or is it the conversation back to sterling when selling that’s relevant?
Happy Sunday guys! To get one FREE fractional share worth up to £100 sign up to Trading 212 and deposit £1 using this link: www.trading212.com/join/MITCH. Or Use PROMO CODE “MITCH” (Capital At Risk. Terms and Conditions Apply)
YOU and Minority mindset are the financial education our system desperately needs... please (anyone reading) if you know more channels like these two do tell me as this is really quality content😊😊
Chris Palmer is also really good
damian talks money is good as well
Toby Newbatt; Pensioncraft
Appreciate the video mate, cheers!
Thank you for the video. I transferred the cash I had sitting in my shares ISA to the cash ISA till I want to invest it so it is now protected 😊
Hi thanks for the information it’s really helpful. I have a T212 investment account and cash isa - can I transfer the interest from the investment account to the cash isa account ? Thank you 🙏 Jules
Hi Mitch, Loved it. Too good coverage and very useful ones. Appreciated, TA, Santosh from India
Thanks Santosh!
You rock! thanks for all this valuable info!
#9 Monitor your FX impact! I can't highlight this much enough. I made a mistake and opened my account in EUR based currency, although I'm resident in Hungary with hungarian forint. So I purchased everything in EUR, and because of this I didn't see the FX impacts in my investments, well not on EUR shares though, on GBP shares like BATS I saw of course, but i didn't see the FX impact on my forint there either, had to calculate it out. And since we can't switch between base currencies I'm currently in the process to close my current account and open one in forints, so I'll be able to see the FX impact on investments. So yeah, DO NOT MAKE MY MISTAKE and open your account in the currency you live in or plan to live in! 😄
I’m not sure if you’re Hungarian or just living in Hungary, so I’ll write in English. My account based currency is Forint, but it really bothers me that the FX impact is included. If I just want to see the stock itself (how much it increased or decreased), I have to subtract the FX impact.
@MarciDude Azt meg tudod nézni külön. Nyereség/veszteség elvileg a részvényárfolyamos adat
Thanks for the whole content on your channel! I'm a beginner in this, so it helps a lot.
Also, I used your code, and hope you get something out of it.
Stay well, and thanks again!
Great content very helpful.
Great video Mitch, helpful tips as per usual
@@manitalks99 thanks Mani!
Hi Mitch. I’m new to this. Is it better just to leave money in shares for long term because they don’t really go up or down much in short term. Thanks 🙏🏻
Hi mate… what will happen with my portfolio if I die? Will they liquidate? Or transfer everything to inheritance person? 🤔🤷🏻♂️👍🤨
Hey, deep question, I have no idea on this one. I would assume that if you died, whoever you have written into your will to acquire your assets will claim the value of the investments. I'm not sure if they would be liquidated or kept though - it's not something I've experienced before so not too sure!
@@MitchShoesmith thanks for your answer, but I really wanted to know this one … 🤷🏻♂️ because you never know… and should be make it decision to person who inherits… if he wants money or keeps it investment for long term 🤨🤔
@peterst111 hey, it is linked to your NI number, so it is fairly straightforward.
On the government website it has a section about deaths and marriages.. it has a section called "tell us once." Input the deceased NI number and death cert details and it will automatically freeze everything. Your next of kin will have to reach out to certain companies with a death certificate and tell each company about your death.
Make sure you keep a record of what accounts you have to make it easier for your next of kin to inherent your assets otherwise unclaimed money will go back into the government pockets.
Unfortunately I have experience with this recently.
Hi there. If you are in the UK or any country which uses an English Law based system or a Scottish Law based system, then the person you named in your Will will get the account without any liquidation. It's up to them to sell the stocks if they wish to.
If you died intestate (with no Will) it will go to your next of kin. So your biological or adopted child. If you don't have children, then shared equally by your biological or adoptive parents. If you don't have parents, then your biological or adopted siblings to be shared equally between all your siblings. After that it's aunts/uncles then cousins if you don't have siblings.
Source: Law degree
@@TheAstroWitchLux thanks for your great research…appreciated it
That's why I monthly buy Swiss Franks and invest in US, SWISS and UK stocks ...🎉
Great video mate
@@0casey963 thanks dude!
Hi Mitch..Just came Across Your vid As Have Been looking To invest@ £200.00 per Month and having watched your vid I don't thinks I'm tech savvy enough to understand exactly what Is needed ..look 'm the wrong side of 70 and looking to supplement my State Pension and a small private pension but I really did not Understand most of what you were presenting and although £200.00 p/m is not a lot in real terms it is quite a Lot for me to lose .any advise would be appreciated to simplify the process I have seen some sites where it's done automatically each day etc etc....great video Mitch just wish i understood It🤣
Nice video 😊
Great video 😊
@@vincentlewis6973 thanks!
I’m already 212 thanks
Hello, interesting to see how much higher the interest rate is compared to my current cash ISA with my bank! Can I move the whole of one cash ISA from one bank to another, or does the 20k limit still apply if moving money from one ISA to another?
Can I transfer from Invest to Isa?
This is a great video
This is fantastic
Thank you a lot
wow! That is amazing
on 212 can i set a sell limit so if a share hits a price it will automitcly sell for example I wanted to sell TESLA at 360 t
Question, Can I change the size of the numbers on the vertical axis of the stock graph? I find it hard to read without wearing glasses.
Hi, i have a T212 account and a InvestEngine account, and am invested in VUSA in both. T212 seems so trade between 8am-5pm GMT, IE between i think 2-9:30pm.
Why's that, and does it make a difference overall? Is that just when the updates happen rather than any real difference with interested earned etc?
Hi Mitch, if you put cash in your stocks isa (similar to putting cash into your cash isa) is it also FSC protected (ie if you have it in cash in your stocks isa as this will allow me to subject the cash to a pending limit order buy)?
@@Testsweden-l4o hey, it’s not protected if you opt into the interest on cash feature as that cash may be invested in a QMMF.
can you get the 100 day average etc of any particular stock on t212?
great video btw
Yes if you use the TradingView integration
@@MitchShoesmith ty...ill have to try find out how to do this
Hi Mitch, does it work the other way in that i can move my cash from my Stocks and Shares ISA into my Cash ISA without it affecting my allowance as i have already maxed it?
Yes
Is it possible to transfer investments or a pie from invest to stocks isa, or do I need to sell everything in my invest account and start again in the stocks isa?
Unfortunately you have to sell what’s in your invest account and then start investing on your ISA from scratch
Hi Mitch thank you for your videos 🙏
Can i possibly book 1 2 1 with you?
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
brilliant
Thanks Will!
Hi Mitch, thanks for the video, just discovered your channel! Question: if I already have a Stocks ISA elsewhere (Hargreaves Lansdown) can I also open one with Trading212 and share the allowance between them? Or are we limited to just one of each ISA type per person? I like the look of T212, and would like to try it out (especially the Pie feature!) but just want to dip my toe in the water as I already have a lot of investments with HL. Thanks!
You can contribute to more than one ISA platform in any tax year as long as you don't breach the 20k limit
@@utterlyexiged ta 👍🏻
Hey Chris! Yes you can open an ISA with them and just share the allowance between the HL one and T212 one :)
@@MitchShoesmith thanks!
Sorry to jump on, but like Chris, have a HL Stocks & Shares ISA that I roll each year and have monthly buys by dd. If the overall value is less than £20k, can I open another S&S ISA elsewhere (Trading212)? So would I have to keep track of the overall portfolio value then, to not breach the £20k limit?
I have a small amount of cash that has accrued in the GIA but it won't let my transfer to the Stocks ISA. Is that because I opted to have it pay interest and is now being used in MMFs etc.?
Hey Matt - I believe you should be able to move free funds, if you click on the three dashes, click manage funds, select move funds, select the invest account as the top option, ISA as the one below and then enter the amount and it should work...
@@MitchShoesmith Thanks, yes that's what I have tried. Strangely it only shows £0.20 as available to move. I guess I'll ask customer support
Hi, not really an investing question, but I basically bought some S&P 500 stock and got one apple stock,, Im stuck between deciding to just buy more S&P 500 or just primarily invest in apple. Dont know if its a stupid question but if it is sorry.
The S&P 500 would be less risky as it would be a more diverse portfolio
@@Robzo thank you so much, was stuck between the two
What’s the difference between interest on cash in stocks Isa and cash Isa. It’s 5.2% in both the Isa’s I’m assuming?
It's the fscs, basically how safe it is if trading212 collapses. In the cash ISA it's safe. But not safe in the stocks and shares ISA. It's a bit unnecessarily complicated. But that's why in the stocks and shares ISA you have to 'opt in' to get the daily interest.
Simply put, move cash to cash ISA for safe daily interest, until ready to invest it in the stocks and shares ISA.
Didn’t you watch the video? All explained 😂
Hey Rohitha, Rich has covered the main points. With your Cash ISA you have FSCS protection on cash, in your Stocks ISA you don’t get FSCS protection on your cash if you opt into the interest
Hi mich, as a new investor I made a mistake of opening a invest account, rather than a stocks isa account...
Is there anyway I can move my invest account Over to my isa Stocks account??
Kind regards
Jason.
Hey Jason, sadly not as a transfer, the only way to do it would be to sell your positions in your invest account and start a new ISA. Or you could just leave what you have in your invest account and start a new ISA - there isn’t any other way unfortunately!
@@MitchShoesmith thanks for getting back to me.
Do what I did, buy the same shares in the new isa and immediately sell the same amount in the general investment account, then when the money clears in the GIA, transfer it to the isa account and repeat,
It’s not really possible if you invest more than £20 a year, but if you invest less and your GIA is relatively small, you can do this without paying tax.
I made the same mistake. Got round it by opening an ISA account, selling the positions in the green and moving funds across from invest to ISA. I still have a few positions in the invest account that are down so I’ll leave them there until they’re in the green then sell and move funds
@@ianboyd9723but how can you buy shares in the isa if the funds from the invest haven’t been transferred?
How you misdraw money?
What if they close your account suddenly and take your money ?
Hi Mitch, thanks for your helpful videos 😊 I have about 2k in S&P 500 with T212 I’ve made a 10.23% return so far. My question is it’s only in my invest acc. Should I sell and re buy in my T212 ISA? My avg. price there £73.28. Or leave if be? Thanks
In the settings you can transfer funds between accounts. If youre dealing with anything less than 20,000 it should always be in the isa. Its exactly the same except you dont pay capital gains tax on profits
@@cartoonking9735 thanks for replying. I was just wondering the implications of selling my holdings and then rebuying?
@@cartoonking9735so will the amount of stock stay the same? Or will it just transfer the amount of cash?
Why don’t I have access to the differnt isa accounts only have invest and cdf ?? I’m in Ireland
Ireland does not have individual savings accounts.
yeah, probably all EU has invest and cdf only
here´s a tip for those wanting to invest soley on US stocks/instrumnets convert your euros to pounds to USD (multicurrency feature) this will rid you of exr fees
is convertion free?
@@muzzi1984 yup
in your example why would palantir and meta have different fax fees, one positive and one negative if both are based in the US? which in turns means the same FX dollar impact for both companies
It's due to the timings in which I bought the shares at
@@MitchShoesmith fab thanks. might be a stupid question but regardless of the timings i’m assuming the pound was weaker than the dollar so shouldn’t they both be negative? or i’m assuming it was a long time and they’ve flipped since? thanks
I never realised that either, probably because all of my stocks from the USA are currently around 3% down due to the fx impact
So when the pound is stronger than the dollar (as it is now), does that mean US stocks are cheaper for U.K. residents when buying? Or is it the conversation back to sterling when selling that’s relevant?
Filled with ads. Don’t bother without using an adocker.
Ahh I was really only looking for 20 tips shame :D
😆
Top tip is use invest engine 😂
Has anyone ever told you that you look like Toni Kroos?
@@Darthlegopokemon yes lol
@@MitchShoesmith appreciate the good content just subscribed yesterday 👍🏽
the free share campaign has ended
It hasn't if you use my link :)
@@MitchShoesmith oh no i was going to use mine to invite my sister
You can make a pie and invite them that way@@AzzieTheGamerr
@@MrChocalatestarfish Can you explain pls?
Ahh i see!
Mitch Investing, Can we collab?
You make Fortnite videos and scam kids you knob
So many bots!!!
You will never become rich my taking/or dealing with interest