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Stocks n Shares ISA


Can annybody offer any experience of InvestEngine or Lightyear?

I only really touch ETFs and I don’t enjoy the Trading 212 app - feels too busy. I fancy a streamlined app with low/little fees.

Doesn’t look like Lightyear offer fractional ETFs inside an ISA wrapper though…. Which is an issue!
 
fry said:
Can annybody offer any experience of InvestEngine or Lightyear?

I only really touch ETFs and I don’t enjoy the Trading 212 app - feels too busy. I fancy a streamlined app with low/little fees.

Doesn’t look like Lightyear offer fractional ETFs inside an ISA wrapper though…. Which is an issue!
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T212 app is as simplified as you can get?
 
fry said:
Not to my taste, with all the social stuff on there and various tabs. They offer a good product but I’m just being picky. Lightyear’s app looks incredibly simplified by comparison but not sure how decent their offering is
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Don't view them then 😂😂😂
 
fry said:
Not to my taste, with all the social stuff on there and various tabs. They offer a good product but I’m just being picky. Lightyear’s app looks incredibly simplified by comparison but not sure how decent their offering is
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I use Trading212 and would agree that the interface is annoying and cluttered but I've leaned to ignore the stuff which I don't need. They also have a tendency to keep moving things around

No experience of Lightyear but I do keep a Freetrade account for for speculative/fun trading. It's OK for basic things but doesn't have the features of T212. They say that fractional ETFs are on their roadmap:
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fry said:
Not to my taste, with all the social stuff on there and various tabs. They offer a good product but I’m just being picky. Lightyear’s app looks incredibly simplified by comparison but not sure how decent their offering is
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Hope you find the right one for your needs marra
 
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I've just been looking into Lightyear. Relatively new to the market and has limited features so far but has been back with investment from Richard Branson so it could be one to watch. Their app certainly looks good and far better than the cluttered T212.
 
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Darlo1973 said:
I've just been looking into Lightyear. Relatively new to the market and has limited features so far but has been back with investment from Richard Branson so it could be one to watch. Their app certainly looks good and far better than the cluttered T212.
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I agree, i like their style. Hopefully they continue adding features!
 
For those that understand the mechanics of isa accounts.

Basically, about ten years ago my grandad gave me 15 grand for my son because he didn't want to change his will.

I put it in a stocks and shares ISA and spent it all on Aviva ordinary shares. I have been lucky been getting about 6% yield on dividends which have been reinvested into more Aviva shares which have grown about 40%.

However all these talks of future doom and gloom on the stock markets have got me spooked.

Is there a way to stop the Aviva dividend reinvestment and just have the cash paid into a ISA savings instead? Is that possible or can the two accounts not be mixed like that.

Is there something else I can do to mitigate risk I'm not thinking of.

Any advice appreciated.
 
Wild Card said:
For those that understand the mechanics of isa accounts.

Basically, about ten years ago my grandad gave me 15 grand for my son because he didn't want to change his will.

I put it in a stocks and shares ISA and spent it all on Aviva ordinary shares. I have been lucky been getting about 6% yield on dividends which have been reinvested into more Aviva shares which have grown about 40%.

However all these talks of future doom and gloom on the stock markets have got me spooked.

Is there a way to stop the Aviva dividend reinvestment and just have the cash paid into a ISA savings instead? Is that possible or can the two accounts not be mixed like that.

Is there something else I can do to mitigate risk I'm not thinking of.

Any advice appreciated.
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People are always shitting themselves about the stock market. Was only March time people were pulling vast sums out incase it didn't bounce back.

Regarding the question specifically, there will be a setting to turn off the automatic reinvestment of dividends. As it's not a fund which automatically reinvests (think ETF marked 'ACC'), you could take the money out without much hassle, but then putting it in to a seperate cash ISA would eat up more of your allowance.

Often, S&S ISAs will pay interest on invested cash anyway. Or there are money market funds. This would save you eating up more of the overall ISA allowance withdrawing then depositing to another.
 
Longcount said:
People are always shitting themselves about the stock market. Was only March time people were pulling vast sums out incase it didn't bounce back.

Regarding the question specifically, there will be a setting to turn off the automatic reinvestment of dividends. As it's not a fund which automatically reinvests (think ETF marked 'ACC'), you could take the money out without much hassle, but then putting it in to a seperate cash ISA would eat up more of your allowance.

Often, S&S ISAs will pay interest on invested cash anyway. Or there are money market funds. This would save you eating up more of the overall ISA allowance withdrawing then depositing to another.
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Thank you. I guess there will always be spook stories and you are right, i set it up as a dividend reinvestment so I didn't have to manage because I knew I wouldn't do it.

I think what is niggling at me is that it's 100% in one company.

The ISA allowance won't be a problem, I don't think. Whenever I get any spare cash (hardly ever) I over pay my mortgage and I won't be investing near the allowance for the bairn.

Thanks again
 
Wild Card said:
Thank you. I guess there will always be spook stories and you are right, i set it up as a dividend reinvestment so I didn't have to manage because I knew I wouldn't do it.

I think what is niggling at me is that it's 100% in one company.

The ISA allowance won't be a problem, I don't think. Whenever I get any spare cash (hardly ever) I over pay my mortgage and I won't be investing near the allowance for the bairn.

Thanks again
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Consider a large global tracker fund mate.
 
Wild Card said:
For those that understand the mechanics of isa accounts.

Basically, about ten years ago my grandad gave me 15 grand for my son because he didn't want to change his will.

I put it in a stocks and shares ISA and spent it all on Aviva ordinary shares. I have been lucky been getting about 6% yield on dividends which have been reinvested into more Aviva shares which have grown about 40%.

However all these talks of future doom and gloom on the stock markets have got me spooked.

Is there a way to stop the Aviva dividend reinvestment and just have the cash paid into a ISA savings instead? Is that possible or can the two accounts not be mixed like that.

Is there something else I can do to mitigate risk I'm not thinking of.

Any advice appreciated.
Click to expand...

In your investment account there should be an option about how you want dividends paid - either in cash or to be reinvested.

Your biggest risk is having all of the holding in a single company. That's a classic case of having all of your eggs in one basket. You really should consider selling and transferring (within the ISA wrapper) to a low cost index tracker which is invested in thousands of businesses.
 
Darlo1973 said:
In your investment account there should be an option about how you want dividends paid - either in cash or to be reinvested.

Your biggest risk is having all of the holding in a single company. That's a classic case of having all of your eggs in one basket. You really should consider selling and transferring (within the ISA wrapper) to a low cost index tracker which is invested in thousands of businesses.
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Yeah you are right about the risk. I normally take a time based approach to risk in the sense that I'm happy to be risky if there is time but the closer I get to the lifetime event, I taper that risk down to eventually no risk (cash). I think this one needs some diversification.
 
Do all mine on Moneybox. Certainly not a finance expert but I find it makes saving so easy. The weekly auto deposits and round ups, along with payday boost and it just slowly goes up without me realising.
 
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