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Stocks n Shares ISA


cosmicchris00 said:
I'm going to stick my two penneth in - we haven't seen the worst yet.

If oil continues to spike, i.e. people ignore any further Trump utterances, the major markets will crash.

Tokyo, Taipei & Singapore will be a bloodbath but London NY & DAX will also take a pasting.

Its worth considering a hedge to cash, gold etc.
Click to expand...

With the mid-terms later this year I don't think Trump can afford a summer of sky rocketing gas prices. In the car obsessed US, that's a guaranteed way of losing votes.
 
So two questions wise people. After having a trading 212 cash ISA I took the plunge and set S&S ISA.
1. It's now asking me to fill in some sort of American tax form wb37 or something like that.any ideas why/what it's for.
2. I was just wanting to pay in £20 a month's as it's for grandkids in coming years & we don't have much spare. I chose an aggressive vanguard pie (I think with 6 funds) thinking they haven't got anything to loose, but the minimum deposit is £27 a mth. Is this norrmal or can I find something else for £20. Could I get round this by doing £40 bi monthly.
I'm not to familiar with the pies idea.
 
TAD said:
So two questions wise people. After having a trading 212 cash ISA I took the plunge and set S&S ISA.
1. It's now asking me to fill in some sort of American tax form wb37 or something like that.any ideas why/what it's for.
2. I was just wanting to pay in £20 a month's as it's for grandkids in coming years & we don't have much spare. I chose an aggressive vanguard pie (I think with 6 funds) thinking they haven't got anything to loose, but the minimum deposit is £27 a mth. Is this norrmal or can I find something else for £20. Could I get round this by doing £40 bi monthly.
I'm not to familiar with the pies idea.
Click to expand...

1. I think you mean a W-8BEN. This is to make sure that you pay less tax on any gains you make from investments in the US. See
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2. I haven't seen that before. You should be able to put in any amount. Which pie is it?
 
Darlo1973 said:
With the mid-terms later this year I don't think Trump can afford a summer of sky rocketing gas prices. In the car obsessed US, that's a guaranteed way of losing votes.
Click to expand...

I think you're absolutely right. My only worry is that the MAGA bunch will go all out to fix the mid-terms via the SAVE act and other machinations.
 
Darlo1973 said:
1. I think you mean a W-8BEN. This is to make sure that you pay less tax on any gains you make from investments in the US. See
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2. I haven't seen that before. You should be able to put in any amount. Which pie is it?
Click to expand...
1. That confuses me as I thought I didn't pay tax on ISA. Nevertheless I'll fill in the form
2. It's a vanguard global with 6 differing vanguard funds preselected.
TAD said:
1. That confuses me as I thought I didn't pay tax on ISA. Nevertheless I'll fill in the form
2. It's a vanguard global with 6 differing vanguard funds preselected.
Click to expand...
PsS I hBe checked and I can invest bimonthly so that will solve the £20 a month issue 🙂
 
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TAD said:
1. That confuses me as I thought I didn't pay tax on ISA. Nevertheless I'll fill in the form
Click to expand...
ISA is for UK taxes
That W form is so that the American IRS doesn't try to tax you on growth in the American investment. The product must ultimately be situated in the states, at a guess. I had to fill one out for my shares that I DRS'd with Computershare.
 
PTR said:
ISA is for UK taxes
That W form is so that the American IRS doesn't try to tax you on growth in the American investment. The product must ultimately be situated in the states, at a guess. I had to fill one out for my shares that I DRS'd with Computershare.
Click to expand...
Thank you. I think I get it now.
 
TAD said:
1. That confuses me as I thought I didn't pay tax on ISA. Nevertheless I'll fill in the form
2. It's a vanguard global with 6 differing vanguard funds preselected.
Click to expand...

You don't pay UK taxes on an ISA but the form reduces the amount of US taxes you pay on dividends generated in the US

Not sure why you would want a pie of 6 different Vanguard funds when you could just use one of their global ones.

I think I found the one you are talking about. It's the "Vanguard Global" pie with an "aggressive" setup though I can't see anything about a minimum monthly investment. The whole point of T212 is you choose your own investments. The pies are just pre-built portfolios but you can change them.

This may be useful

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cosmicchris00 said:
I'm going to stick my two penneth in - we haven't seen the worst yet.

If oil continues to spike, i.e. people ignore any further Trump utterances, the major markets will crash.

Tokyo, Taipei & Singapore will be a bloodbath but London NY & DAX will also take a pasting.

Its worth considering a hedge to cash, gold etc.
Click to expand...
Good article from a couple of days ago.
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Onion Ring said:
Good article from a couple of days ago.
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Click to expand...
It was interesting, how do you avoid the financial apocalypse though? Buy gold, shotguns and baked beans?

Also remember that financial gurus aren’t always correct with predictions.

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Looks like another bad day ahead. FTSE not far off falling back below 10,000.

Should have bought a barrel of oil a few weeks ago.
 
my amateur knowledge on all this made me think gold and silver would start shooting back up due to the war and the markets looking bad, but they have also been hit
 
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