Stocks and Shares ISA advice needed

[hormonalmum]

I have not invested this year in an ISA and have a reasonable sum that I am wanting to put away for the children's expenses - ie saving for wedding presents etc.

What should I do?

I have recieved a quote from a IFA but they seem to want lots of commission. Example, £500 for a £5000 deposit.

How easy is it to manage a stocks and shares ISA myself?

TIA

[mumadoo]

Hiya,

I had no idea where to start with these things but i found a great site that explains things simply. It's called www.investment-advice-online.com and its in language i can understand!!!

hope this helpsHiya,

I had no idea where to start with these things but i found a great site that explains things simply. It's called www.investment-advice-online.com and its in language i can understand!!!

hope this helps

[mumadoo]

whops i thought i'd accidently deleted it and then it cam up again! haha. maybe i should join the how to operate computers forum!

[Whippet]

mumadoo
Do you work for/ own www.investment-advice-online.com by any chance?

You have posted on multiple threads today about how wonderful it is...

It's all a bit obvious IMHO.

Did you know that advertisers have to pay a fee?

[mumadoo]

actually Whippet no i don't.

I had just used it recently and found it really useful and so I thought I would post it on the investment threads where I thought it might be helpful to others.

Nice to know there's are trusting nature amongst fellow Mums though....

[Whippet]

So as a new poster you felt the need to post the link to this website on 13 (many old) threads all within the 'Investment' topic as your first ever post?

No other posts.
No other topics.

Sorry. Don't buy it.

Anyway wise mumsnetters, I'm sure you can all make your own minds up!

[lukewarmcupoftea]

hormonalmum - I'm an IFA (on maternity leave) and will say this - you don't need to pay initial commission on an investment at all. So if you know what you're doing and where you want to invest, go online via a broker who doesn't charge initial commission (eg bestinvest/clarity).

If you need advice, then you have to pay for it in some form or another and you need to decide whether the quality/amount of advice you receive for the amount of commission paid is worth it, or whether a fee based adviser might be cheaper.

NB £500 for £5000 sounds pretty steep even for the murky world of commission based advisers. 5% would be more normal (or 0% as I say above).

[lukewarmcupoftea]

Oh bugger, just seen the date of the original post.