| ISA fees [message #382945] |
Fr, 21 April 2006 19:19 |
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Some ISA's have a zero percent rate on initial purchase while others can
attract fees up to 2.5%.
Also some have a zero percent fees for looking after your ISA and others can
have an annul fee's.
Now the question is do thoase products that have fees get better performance
trhan the so called 'free' products?
You get what you pay for so in my mind if something has nil charges for
looking after your investment then it is probably not being looked after
properly!
Any comments?
cheers
fj
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| Re: ISA fees [message #382955 ] |
Fr, 21 April 2006 18:13 |
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Bitstring <iF62g.31069$QZ3.5384 [at] newsfe09.ams>, from the wonderful person
fj <fj [at] mailmefor.inf> said
>Some ISA's have a zero percent rate on initial purchase while others can
>attract fees up to 2.5%.
>
>Also some have a zero percent fees for looking after your ISA and others can
>have an annul fee's.
>
>Now the question is do thoase products that have fees get better performance
>trhan the so called 'free' products?
>
>You get what you pay for so in my mind if something has nil charges for
>looking after your investment then it is probably not being looked after
>properly!
>
>Any comments?
There are none that have zero % annual fees for looking after your
investment, as far as I know. There are some which have no =additional=
fees over and above what the underlying Unit trusts or Investment Trusts
are charging (which is already non-zero).
Since there is very little extra work to do (tax reclamation on
dividends having bit the dust) I don't see any reason to pay an =extra=
annual fee for investing via an ISA wrapper, and most places agree with
me.
The underlying fee covers all the investment 'looking after', in terms
of where to put the money. This ranges from ~0.5% for simply tracking an
index up to several% for aggressive ITs which have performance linked
management fees (i.e. is they beat the index, their cut goes up).
And you're wrong, you don't get what you pays for anymore. You get =at
best= what you pays for. Most places these days you have to kick and
scream to do even half that well (he says, sitting here waiting for an
'overnight delivery' shipment via AMTRAK [Telford] which should have
been here yesterday).
--
GSV Three Minds in a Can
Google may be your friend, but groups.google.com posters definitely aren't.
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| Re: ISA fees [message #382980 ] |
Sa, 22 April 2006 09:43 |
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> Most places these days you have to kick and
> scream to do even half that well (he says, sitting here waiting for an
> 'overnight delivery' shipment via AMTRAK [Telford] which should have
> been here yesterday).
It's worth ensuring that the company you're ordering from isn't going
to use Amtrak to "deliver" your goods before you order. Royal Mail is
another one, especially if it's important that the goods are delivered
to your address, and not left outside your house, or with a neighbour
you've never spoken to etc.
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| Re: ISA fees [message #383006 ] |
Sa, 22 April 2006 19:56 |
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Thanks to everyone who answered - any comments on using Fidelity for
managing ISAs?
fj
"fj" <fj [at] mailmefor.inf> wrote in message
news:iF62g.31069$QZ3.5384 [at] newsfe09.ams...
> Some ISA's have a zero percent rate on initial purchase while others can
> attract fees up to 2.5%.
>
> Also some have a zero percent fees for looking after your ISA and others
can
> have an annul fee's.
>
> Now the question is do thoase products that have fees get better
performance
> trhan the so called 'free' products?
>
> You get what you pay for so in my mind if something has nil charges for
> looking after your investment then it is probably not being looked after
> properly!
>
> Any comments?
>
> cheers
>
> fj
>
>
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| Re: ISA fees [message #383020 ] |
Sa, 22 April 2006 23:07 |
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Bitstring <ths2g.18$x97.1 [at] fe06.highwinds-media.phx>, from the wonderful
person fj <fj [at] mailmefor.inf> said
>Thanks to everyone who answered - any comments on using Fidelity for
>managing ISAs?
Their admin is OK, their online dealing etc. works, however I got a
better kickback using hargreaves lansdown (who offer at least as many
fund options).
--
GSV Three Minds in a Can
Google may be your friend, but groups.google.com posters definitely aren't.
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| Re: ISA fees [message #383303 ] |
Di, 25 April 2006 16:03 |
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"There are none that have zero % annual fees for looking after your
investment, as far as I know. There are some which have no =additional=
fees over and above what the underlying Unit trusts or Investment
Trusts
are charging (which is already non-zero)."
I know at least one - the Personal Assets zero charge ISA (name may
have changed - but it is the ISA wrapper run by/for Personal Assets
Investment Trust).
Thom
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| Re: ISA fees [message #383304 ] |
Di, 25 April 2006 16:04 |
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"There are none that have zero % annual fees for looking after your
investment, as far as I know. There are some which have no =additional=
fees over and above what the underlying Unit trusts or Investment
Trusts
are charging (which is already non-zero)."
I know at least one - the Personal Assets zero charge ISA (name may
have changed - but it is the ISA wrapper run by/for Personal Assets
Investment Trust).
Thom
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| Re: ISA fees [message #383309 ] |
Di, 25 April 2006 16:07 |
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No idea why that appeared twice ... I missed the "There are some which
have no =additional= fees over and above what the underlying Unit
trusts or Investment Trusts are charging (which is already non-zero)."
first time round, but in the Personal Assets scheme non-ISA holders are
effectively being subsidized in terms of charges by other classes of
investor (assuming ISAs cost more to administer - which they probably
do).
Thom
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