Niall is 30 and works in the City for an investment bank. He wants to invest £50,000 and is keen to do some direct trading. He’s open to riskier investments and will spend time tracking his investments and moving them around. He doesn’t want to tie his investments up in a SIPP as he may need to access the funds in the next few years, and he already has a good company pension scheme.
Right now, Niall has £20,000 in an ISA and £30,000 savings which he wants to transfer into a general investment account. Going forward he plans to invest his annual ISA allowance (currently £20,000) and put another £35,000 in general investments annually. Around half will go into stocks and shares. He expects to trade at least once a week.
|PLATFORM BASED ON TODAY’S VIEW||ANNUAL PLATFORM FEE||RECOMMENDED FUNDS LIST AVAILABLE||COMPARE THE PLATFORM RATING|
|Charles Stanley Direct||£125||yes|
Compare The Platform View:
Niall is a confident investor who plans to trade stocks and shares. Strawberry or Shareview are the cheapest options for him. As he plans to invest more than £50,000 per year, the long-term savings will be significant.