Britbong here. Should I sell all my shares and buy dividend paying index funds through a shares ISA?
What is your annualized rate of return with your current strategy?
Are you trading CFD's on IG or similar?
If so, are there other interest costs associated with trading those instruments?
Is an ISA more cost effective?
What is your risk management strategy?
Does an ISA provide better return on investment for less risk?
These are the sorts of questions you need to answer to know what your ideal investment strategy is.
Bump for interest
>>1382025
Don't know yet since I've only been investing since January this year. I'm trading through IG yeah.
An ISA would be more cost effective in the long term since you aren't taxed on capital gains if I were to sell, or dividends. You can only invest so much per year through an ISA scheme, this year is £15k
I just don't know whether I should sell my individual stocks and throw them all into indexes though
>>1383564
Less potential risk as more diversified. Less potential return as more diversified..
I used to pour my dividends, savings, bonuses and leftover cash into a ftse dividend etf (iukd). But I've sold up and decided to buy a mixture of ftse 100 companies with large dollar exposure. Key holdings include HSBC, diageo, rolls Royce, BAE, Pearson, WPP, Unilever and the tobacco companies. Hedge yourself against the pound falling and inflation.
>>1381992
+ Performance
- Home Bias
Try and diversify a bit (cheapest done through ETF's, e.g. MSCI World,) leave the rest as it is. most of your position are winners. Let 'em run.
>>1383670
I might leave what I have in this account and just spend my monthly £1k in ETFs then
