Obviously, shares are immediate and appear in your account pretty much instantly. Oh, and for funds they work with Cofunds (which of course is part of Legal & General) - so any buying or selling might take 24-48 hours to implement. We don't have very much in funds in our ISAs, compared to our respective share portfolios. Yes, because we're (wife and I) mostly buy-and-hold investors, we do the majority of our share buying during the first quarter of the financial year. Without the flipping I think they are expensive. It isn't immediately obvious from their website that flipping too and fro as often as you want (albeit on a quarterly basis) is possible. This sort of thing is where sharing knowledge through these forums is particularly useful. Flipping the charging structure, in a calculated way could make them relatively inexpensive, depending on individual circumstances. That is certainly an interesting way to keep costs down. I like your workaround to keep costs down, of switching to frequent trader as required, that you suggest on the Share Centre thread. We only trade infrequently, and it works well for us. I've just posted a note on the other thread about two ways to cap dealing costs at The Share Centre. Damn site better than Hargreaves Lansdown's new fees - I know to my cost! May not be the out and out cheapest (?), but good value in our opinion. Afraid, even after reading it, I'm not convinced that they are expensive for our needs. Same with most other requests if they can they'll do things from a telephone instruction. Absolutely no problem - simple request on the phone and all done. However, after about 18 months we discovered we didn't really need the additional income to live day-to-day, so asked if the accounts could be set to re-invest the dividends again, so we'd compound the growth in the ISAs once more. When we first retired a year or so ago, we started having dividends paid into our bank account to supplement our income. We think this is competitive compared to most (all?) other brokers. One thing we particularly like is that they re-invest individual share dividends for just 0.5% commission, regardless of how large or small the dividend is. Additionally, we find they are generally efficient and professional in the way they operate. I call them frequently for technical and administrative advice (as opposed to pure financial advice about selecting specific investments). My wife and I recently registered for the free advice service, but so far haven't used it.īut, we have been clients of The Share Centre for some 20-odd years and find them excellent and very helpful. (Normally advisory stockbroking is a premium service.) I'd be interested to know if you have used that and found it any good. Clever clogs who find investing so easymight not need such help of course, but we more modest people might think it is worth signing with Share Centre. Although not the bare cheapest stockbroker isa, it could be a big positive of Share Centre particularly for unsure or new investors in that if offers a free telephone advice line which, though not strictly "advice" in the full FA sense for your particular circumstances, can be a guiding hand with your ideas and andhandholding through market set backs.
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