I hope you guys find this useful! 🙏 This was the most work I've ever put in to a video, over 100 hours. I think the new formats so much more useful to see them side by side. You can download the full comparison here too 👉 chrispalmer.co (you'll be redirected to the downloads page).
Any chance of making the Stocks & Shares in an Editable Spreadsheet Format just like the other two Downloads? As it's currently in an Image Format. Much appreciated.
Went to that downloads page but it's just a newsletter subscription. I tried to subscribe, thinking it will take me to download the spreadsheet, but it just refreshes the same page. It doesn't seem to subscribe me to anything either.
Great video but one thing investors should be aware of is HL charges 0.45% for funds on top of the funds management fee. The £3.75 is just for stocks, etf’s and bonds. So if you plan to hold funds then maybe it wouldn’t be in second place
@@chrispalmer24 I have a £27k portfolio of three funds only, in an ISA and I will stick to those funds for next 5 years. I invest a a small amount (£100 per fund) Monthly, I.e three transactions monthly. I am currently with HL, and looking to transfer Which platform would offer me minimum charges ? ( including platform and dealing charges )
Great comparison Chris, Such a Great Video!! So easy to comprehend, arguably one of best video on stock V shares. thank you. I am In my 30s and trying to invest at least $55k per year. this video was helpful.
I am thinking of using one, was considering vanguard but a friend who uses hargreaves lansdown but that seems expensive, so your video is super useful!
@@chrispalmer24would definitely like to have SIPP video as well that would really help as I’d like to move everything at the beginning of this financial year but need to know where! GREAT VIDEO on ISAs though thanks!!
Oh wow that’s interesting. I’m surprised it’s a different team? When wanted help recently my request did get sent to the “regular investing team” which I was surprised by
Just a bit of a correction: the interactive brokers fx fees are 0.002% (not 0.2%). I think you got confused by the fx fee being listed as 0.2 basis points. But a basis point is 0.01%. So 0.2 basis points is 0.002%. Yes, I know this seems extremely low compared to the others but that’s what they are. They’re extremely competitive in this regard.
Hey Chris, i really enjoy you uploads, i find them very user friendly and easy to understand Great job..... I would like to know your opinion on the Plum app and how its ISA's stands against trading 212 and invest engine????
Hey! Thanks, appreciate it. They don't appear to have the funds I would personally buy so I'd much prefer to go for Invest Engine instead, or for individual stocks Trading212
The FX fee of Invest Engine & Vanguard should be "N/A", not "ZERO" in your comparison category, otherwise it's not fair to Trading 212 I guess? Cuz Trading 212 gives us more options like buying USD stocks with lowest FX fee?
The reason it’s N/A is just because they only have ETFs and Funds denominated in £ so the FX doesn’t apply. It could be zero too. T212 should be 0.15%/0%. To be honest it’s so hard to get it all in 😅
You can 👍 the only difference will be some let you transfer your holdings and some will make you sell and transfer as cash. I’ve sold and transferred and it’s never been an issue honestly
Great video Chris ! Who would you recommend for a SIIP? I have trading 212 for my ISA but not sure on a SIIP. Also how does the tax relief work? I am not self employed so do not submit a self assessment.
I'll get on to the SIPP comparison next :) If you are in accumulation Invest Engine is great and you can get the same welcome bonus. Tax relief will get added when you contribute, or you can do it through salary sacrifice worth looking up as it'll be cheaper tax wise perhaps.
How much are you paying? Seems you can get 0.45% reduced to 0.10% with a subscription? Do they have the all world fund? It’s hard to see from the site. Seems okay but seems a little pointless to have over invest engine to be honest just paying extra fees for no real reason, nice UI though I used them for saving
@@chrispalmer24 I currently just have their basic account, so don't pay any monthly subscription. I don't think they have a global index fund from what I've seen. The main ones I've invested in are S&P, FTSE UK, FTSE Europe, Global Tech and emerging markets. I remember getting recommended to plum a couple of years back when I was very new to it all. Was a nice route in for a beginner. But I'm now wondering whether I should switch to trading 212 or Vanguard 🤔
Hey mate, I have maxed my T212 ISA every year and have a large sum of cash which I'd like to deposit into a T212 general investment account to earn 5.20%. Would you say its better to deposit this cash into a T212 GIA (same provider as my ISA) or go with another broker for protection/safety purposes? Appreciate your views, thanks.
Yikes I nearly panicked then, lol. Here it is: "While it’s free to hold shares in a Fund and Share Account, there’s an annual 0.45% charge which is capped at £45 per year for the Stocks and Shares ISA and £200 per year for the SIPP." But yeah funds are uncapped I have a feeling that bit may have been cropped out in the edit, thanks for adding
Yeah so it's a maximum of £45 per year for the Shares/ETFs - so I'm just dividing it by 12 to bring it in line with the others which are monthly, worth noting "Funds" i.e not ETF's are uncapped. Eek.
Can I declare my investments in Isa’s as expense?? I have to fill the self assessment and I want to declare 20.000£ of investment in Isa’s in UK. Is it possible ? Let me know please ❤
Nope lol - I wish! It's money you've paid tax on. You can however declare pension contributions - you pay 20% tax but it's given back to you in the pension - that's the best thing about pensions
I would imagine so because it's a UK scheme so you'd need to be a resident to take advantage of it? May be worth reaching out depending on your situation.
iWeb are great, have my isa with them which is made up of four index funds so not complicated. I pay no platform fee and £5 per trade which again has been nothing as I just leave it all be, but if I do need to rebalance it will be cheap.
@@mikew5274Good to hear. I have just opened one for this tax year moving isa (dev world ex uk) over to it. I am attracted by the no platform fees but also the variety of funds not available on VG. I am looking to drop 15% of my total portfolio into L&G Global Technology. Yes it is all time high, but long term ok I believe as tech is threaded through all aspects of human life now.
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Thank you for bringing up these strategies, It's always an honor to have you here as a mentor. I appreciate you for the time being spent to educate us financially. With the help, I have netted a profit of 35k from my stock investment of 9k since following you for a few weeks now after feeling so ecstatic and heavy minded that nothing good can come out of it.
Hey Josh, they'd fall under robo investors to me - I'm not a fan of this as I feel it underperforms the market. They do have some DIY funds, but not the ones I would want, I feel most would fall at the first hurdle before getting to that part and just pick something like their cautious or balanced fund which I believe have underperformed
@@chrispalmer24 Hi Chris, what you don't like about it is just it's limited human contact and think underperformed the market? I was drawn to the app after my previous research as unlike most accounts has LISA so can have LISA, stocks and share accounts, cash isa, personal pension all in one account. I appreciate your guidance. Watched your other reccent videos and was drawn to watch invest engine. And look to use vanguard online on computer and hopefully they'll have uk app soon
@@chrispalmer24Hi Chris, Originally I was drawn to Moneybox because had a LISA, other isa and personal pension on one account. I used vanguard before on laptop but hopefully their UK app released soon. Thanks I found the video very helpful I Was going to try out invest engine
Hi Chris, Really great video. Thanks. You mention that there is a link to download the full comparison but I can't see it in the description. Am I looking in the wrong place? I'd love to spend a buit more time reviewing the different options before I decide whether to move y investments away from Fidelity.
Depends if it's transferred as the holdings or in cash, it does usually take a few weeks to go through. If you are transferring your current positions, you'll still own them, just not be able to sell any.
just turned 18, this is the exact video i needed. Comprehensive and informative! This video helped me has made me confidently pick the platform that i was looking for my specific needs!
@@chrispalmer24 you are getting better and better at this, keep it going.Your research is the most important but we appreciate the graphics as well , very easy to understand everything.
Hi Chris, Thank you for doing this. Great video. Not for ISA, but i remember last year Lightyear was one of your favourite platforms, why have you stopped including it in your reviews? Is there a reason we should avoid it?
Hi mate, really nice platform I’ll be doing some more with them soon, was hoping they’d have their isa for this comparison! Hopefully for the next one 🤞
What is teh easiest way to set up recurring deposit from Bank Account without paying 0.7% fee? Looks like I have to manually transfer every month and then invest thereafter, am I missing something?
@@b-m-c Choose the bank transfer option (not the instant one), and it will give you a reference and bank details which you can then use to set up a standing order from your bank account!
I find T212 to be very restrictive in terms of individual shares available. Interactive Investor RARELY don't offer a company I am looking for, and from member it was an ISA issue and not something they weren't offering
This is where it's come from: "Low Commissions: Our commissions start1 from just £3/€3 per trade for the UK and most European stocks, while US stocks start from just USD 0.005 per share." www.interactivebrokers.co.uk/en/trading/isa-accounts.php
Thanks for the informative video, Chris. I've had a Dodl account for a few months and am only able to add small amounts (about £40-50 a month), so now I'm thinking I should move that to an account like T212, if I'm being charged a minimum £12 a year in fees. Or is that not the best way to look at it?
Hi John! Yeah you could, it’s £1 a month so it’s not huge in the grand scheme of things but it is technically 0.5% of what you are contributing each month. You could swap it over but up to you!
Aren’t the HL fees tiered and one of the most expensive? 0.45% on £250k, 0.25% on value between £250k and £1m and then 0.1% on £1m-2m with nothing thereafter. So if you had £2m as your fund you’d be paying £1k/month?! The cap is for purchase of each share, fund etc
@@chrispalmer24so does your video assume you’re only investing in ETFs and shares and no “funds”? You can still buy “funds” within your stocks and shares isa account on HL?
Hi Chris, thanks for this video! I want to transfer my ISA over from Freetrade to T212 but as in-specie transfer is still not available, would you recommend transferring as cash or wait until in-specie becomes available? Thanks.
Hi Jekz! Hmm not sure how long it’ll be honestly up to you. I’d be tempted to just sell and get it over. I don’t think it’s an awful time to be out of the market but of course no one knows!
Hi Chris, thank you again as always. Such incredibly helpful guides and content. I've gone for 212 this year but am now looking for a 'global growth ETF that excludes the US, distributing in GBP' Do you have any thoughts or would you be able to do produce a video on it please. I'm too heavily weighted to the US in individual stocks and JGGI, so keen to have a world ETF that doesn't create a greater US overlap.
Excellent overview. I will be sharing with others. I’m intrigued by your comment on Vanguard’s representation of Rate of Return. How did you calculate your return as 14%? Could you please do a video on how these platforms present performance and what might be alternative calculations to consider? Thanks!
I dot understand the people who dislike the vanguard desktop website and say it look old and outdated, to me it look clean, modern and very usable and simple i could not ask for much more other than to be able to show your actual returns more clearly
Tesla stock dipped severally , resulting to about 23% drop in the shares value this month. I seriously need suggestions on how to diversify my $400k portfolio made up of volatile TSLA.
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Fantastics video btw! This might be a silly question but when moving your account over to another platform dont you loose the compounding interest acumilated in the previous account
If you can transfer in specie, between ISAs you will not be out of the market. It just means you can not trade for a few weeks until completion. Transfer of a pension into a Vanguard SIPP took about 6 weeks, as the old provider was slow, and I was out of the market, so some compounding loss.
The only thing to bear in mind depending which platform is you will typically use historical data you've built up, but you won't lose the actual money :)
Do you know anyway to lower the £11.95 dealing charge on Hargreaves’s. Looking to pay weekly into VUSA but that dealing charge is a bit hefty. I like Hargreaves’s and want to stay with them but if there’s no other option I might just switch to vanguard themselves
Regular investing 🙌 £25 per month minimum (of your money) and no charge to buy it’s a great update. Not sure if it can be done weekly though you’ll have to double check
