Por / 23rd June, 2015 / Sem categoria / Sem comentários

Fidelity and Hargreaves Lansdown

If you saved 15,000 in a stocks and shares ISA for 10 anos, you could end up with more than twice as much money than if you’d stuck it in a cash ISA.

But most of us don’t do this. Por quê? Well it could be something to do with the fact a stocks and shares ISA looks a lot more complicated than a normal bank account.

How stocks and shares ISAs work With a stocks and shares ISA, you buy shares, bonds or investment funds to grow your money. There’s a risk the value of your investment could go down as well as up, unlike in a cash ISA. They are good for longer term savings, like a deposit for a house or a rainy day fund.

Many stocks and shares ISA providers also give you a choice of risky or less risky funds, and leave the investing up to a professional manager. You typically pay a small fee for the account and the managers.

But often it’s hard to really explore how it works until after you’ve signed up. So we’ve looked at three popular stocks and shares ISA providers in detail:

1. Nutmeg

Nutmeg’s dashboard shows you everything in one place

This is a slightly different account than your traditional stocks and shares ISA. You don’t buy funds, shares or bonds yourself. Rather, you tell Nutmeg how much risk you want to take and let them handle the rest for you.

You can play around with risk levels before you invest

One of the best things about Nutmeg is you can play around with the interactive risk controls before you even sign up for an account try it here.

This graph shows you how much you could grow your money

You pay a single fee to Nutmeg, starting at 1% for investments between 1,000 and 25,000 and then getting smaller. Unlike other stocks and shares ISAs you don’t have to pay fees on funds.

We’ve got a full explanation of how Nutmeg works here.

2. Fidelity

Start simple with Fidelity, become adventurous over time

Fidelity allows you to pick thousands of investment funds, but timid investors can also park their money in cash until they feel ready to take the plunge.

Be a nosey parker and find out what other investors are doing

Like Nutmeg, it has quizzes that can help you pick the right investments for your needs, and you can also find out what other people in your situation have done. You can then choose a fund suited to your level of risk, and you can also choose between cheaper or more expensive options.

You can also use Fidelity’s HeadStart service to pull together a whole investment portfolio. This takes a big picture view of your investments and picks several funds according to how much risk you want to take.

Fidelity charges an annual 0.35% fee for stocks and
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3. Hargreaves Lansdown

Your Hargreaves Lansdown dashboard

A giant of the investing world, Hargreaves Lansdown gives you a lot of freedom to pick funds or shares. There’s quite a lot of investment jargon, but the principles are the same as every other ISA service.

Find out how each fund is performing and where you’ve invested

Data geeks
cheap ray bans will enjoy the tools showing where your money is invested, how each fund is performing and how much you’re earning.

Portfolio+ means less charts, more simplicity

If you want something simple, check out its free Portfolio+ service. You can choose between growing your money more slowly with less risk or taking a bit more of a gamble, and then Hargreaves Lansdown sorts out the investing on your behalf.

Be aware of fees, though each fund has an annual charge of between 1.34% and 1.46%. You also have to pay a 0.45% yearly fee for your ISA account.

Stocks and shares ISA fees explained It’s worth keeping an eye on the fees a 1% annual fee doesn’t sound like much, but if you have 10,000 isso é
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