Hargreaves Lansdown - Ultimate How-To User Guide

[@TobyNewbatt]

I hope this video helps! Let me know if you have any other tips on the platform that we can share with everyone!

[@nemo82mi]

Thank you for this User guide video. I am new to investment. And since one of my friend mentioned it like 15 years ago I thought I will give HL a go. I read all the useful information on their website but still not able to start investing yet. I don't understand most of the terms and still reading around to understand them and really needed "how to" and found your video very helpful. But again at the end I don't have a clue what I am investing in. Will read around and watch your videos more. The videos made it more easier than reading. Many thanks!

[@TobyNewbatt]

Thanks Tara, just take it easy and also check out loads of other videos I’ve done for beginners on my channel!

[@UK.TA.]

Im a little late to the game as im just getting started, this video was brilliant and has helped massively. Thankyou

[@TobyNewbatt]

thanks for the support glad to see it was useful even though I made the video quite a long time ago! Look out for loads more in the new year

[@chrisbourne-retirementplanner]

Great video and presentation Toby. You’ve gone into real detail here and it’s sure to be helpful to a lot of people.

[@TobyNewbatt]

Thanks Chris I hope so indeed, its here for the long term :) Cheers for the support!

[@1bobba1]

Great video Toby. Very well explained in a down to earth way 👍

[@TobyNewbatt]

My pleasure thanks for the support!

[@iQinvesting]

Full watch and like! Really nice comprehensive video

[@TobyNewbatt]

Thanks mate! Appreciate the support, I hope it helps a lot of people out over the years :)

[@ST4RRY890]

Thank you Toby - very useful insight for a baby crowler in investment like myself.

[@PrettyPennyClub]

This came up on auto play for me, so I watched it! Never considered HL as a provider... looks decent 👍

[@TobyNewbatt]

The KZbin goads have blessed it ha! It’s a decent platform just slightly more pricey but you can get around some of the costs working smart 👍

[@stillightdrones]

Hi, I've just watched this video. I'm new to HL. Thanks for the tip to leave some money to pay charges. I hadn't done that.

[@TobyNewbatt]

glad it was useful

[@D_Tech_And_Trek]

Can I buy Individual Shares ie. Microsoft or Google through the Stocks and Share ISA account? Or I need to have a Fund and Share Account?

[@TobyNewbatt]

Hey Dilen you can buy whatever you want in your ISA including stocks and shares in US stocks like Microsoft and google. There are a few restrictions but most people won’t have any issues

[@D_Tech_And_Trek]

@@TobyNewbatt Thanks mate! Much appreciated! Happy New Year! ;)

[@noodlebrains]

How do you calculate your monthly interest / dividend payments based on the dividend or distribution yield of the fund?

[@TobyNewbatt]

Hi Gracie - so if a dividend yield is 5% - that means that every year you'll make 5% of your total investment in dividends. £100 invested would give you £5 per year - which is typically paid 2-4 times per year, e.g. £2.50 every 6 months or £1.25 every 3 months. Bear in mind that dividend yields can change all the time :)

[@noodlebrains]

@@TobyNewbatt Thanks 😊 I thought it might be that. I was looking for funds that would pay a nice monthly interest / dividend without high fees and a good annual growth but my portfolio is just completely in the red with the market being so bad 😩

[@halimahashi3884]

Thank you so much explained so specifically. I'm new to hargreaves seems OK.

[@TobyNewbatt]

You’re welcome! Than you for watching

[@halimahashi3884]

@@TobyNewbatt is it beneficial to sell on hargreaves

[@TobyNewbatt]

@@halimahashi3884 Just be careful, their fees can be expensive, it all depends what you want to invest in, how much money and for how long. Check out some of my other videos on fees, and also a comparison guide to best apps :)

[@nighters100]

What doe's it mean when you say you can have as many Stocks and Shares ISA's as you want but you can only contribute to one in any financial year? Does it mean that if I open one ISA with Iweb today and add funds to it, I can not open another with Hargreaves and Landsdown tomorrow and add funds to that?

[@TobyNewbatt]

Hi Paul that’s correct. You could open multiple accounts across multiple years but each year you can only contribute to a single one. (New tax year starts in April then it resets obviously) does that help? Thanks for watching

[@michaelofficer8336]

As usual, great presentation! Couple of things about HL - don’t, blindly, follow their share tips and their, in-house, “HL” funds are - from when I’ve checked - very expensive for fees and very poor performers - not a good advert for their financial advisers!!!

[@TobyNewbatt]

Agreed Michael! Thanks for the support

[@milesbetrov]

Great video - That solved loads for me

[@sergbutex126]

Hi there , I was born in Romania and now I live in Jersey C.I , i've got 5 years residency. I couldn't open an account at Lightyear,212 etoro ,etc . Do you know why in Jersey its so difficult to open fund and share account ? Thanks

[@malcolmbirkett1347]

Hi Toby, as costs eat into our overall results I think you could mention that if you invest monthly into your isa like I do you don't pay the £11.95 you pay a reduced £1.50 . It makes a lot of difference over the long term . This month for example I put £1500 into RKT for £1.50 plus stamp duty.

[@TobyNewbatt]

Great point Malcolm and I think this warrants another video of something like '5 best HL tips' or similar as its hard to cover everything in one go :)

[@jeaninecoleman623]

@@TobyNewbatt Hi Toby! did you ever make this video? Thanks.

[@michaelofficer8336]

For HL, it needs to be noted that their app does not possess all the functionality available through logging into your account via their website. The app is very handy as a “mobile” tool but you get more from the website. A couple of years ago they removed “broker comments” from shares, with the comment that they would be replacing these but they never have.

[@TobyNewbatt]

Thanks again Michael. The app could definitely be improved compared to what else is now out there on the market for sure 👍

[@JAUS95]

Have you heard of alenol and there investment plan to make money?

[@MRHDULTapples]

What's with the £100 minimum investment?

[@hks191]

Hi Toby, could you explain a bit more about the tax centre? You mentioned the self-assessment tax return. Am I right believing thats when you are self-employed? How does this apply in HL? Are all users subject to paying tax? New to this!

[@TobyNewbatt]

Hi HK, good question. The tax section is only for individuals who need it - HL do not deal with any taxes for you this is between you and HMRC. Most people won't ever have to get involved here, remember that if you use a stocks and shares ISA there are no capital gains or dividend taxes to pay. Secondly, if you were using a normal fund and share account, you still have your annual allowances from the government - £12,300 for capital gains and £2000 for dividends. So lets say for some reason you make £10,000 in dividends in a normal account - at that point you do need to make sure that you submit that to HMRC through a self assessment portal - which is also something self employed people have to do yes. But in summary - I am no tax expert but the tax centre gives you or your accountant all the information you need SHOULD you have to pay any taxes.

[@luke.futures]

Great video bro, is Hargreaves Lansdown (Stocks & Shares ISA) covered under the FSCS in the unlikely event of them going out of business?

[@TobyNewbatt]

Cheers Luke! Yep all covered as I understand HL have been around for a long old time! Feel free to check though on their site 👍

[@russellpetrie119]

its an expensive platform to buy individaul stocks but ok for etfs?

[@TobyNewbatt]

So an ETF counts the same as a share but the mutual funds are not charged to deal most of them anyway. It’s quite complex overall for fees so always be careful!

[@PastRemaster]

How to short sell??

[@mohismail4129]

Can you buy leverge etf shares on HL?

[@tobleroneuk]

Really useful thank you!

[@TobyNewbatt]

You’re welcome this one took a while to make!

[@Jay45566]

Thanks you for the content on H&L, been with them a few years now. Do you know anything about IPOs with HL ? Could you possibly do a small video on them onetime please ?

[@TobyNewbatt]

Thanks Jason glad its useful, hopefully it can help a lot of people. I've only bought one IPO inside of HL, before it was public - Deliveroo, turns out it was a bad move ha! But let me see if I can add this to the list of things to talk about. Appreciate your support!

[@Jay45566]

@@TobyNewbatt great thank you 😊

[@Jay45566]

Hi Toby, I know you use Hargreaves lansdown, do you know anything about how they work out your total cost when holding a large position in a stock, I have sold and bout the same stock many times and they say they use an average total cost ?

[@TobyNewbatt]

@@Jay45566 hi Jason. Not 100% sure what you mean are you trying to work out your total loss and gain on one stock over time? It should be accurate in your account e.g I have one fund which I’ve bought for many months so it shows my total cost va the current value?

[@Jay45566]

@@TobyNewbatt thanks for the reply, sorry it’s not very clear my question as I’m trying to figure it out for my self what Hargreaves have explained to me today, for instance I have bought £30,000 in buys and £5,000 in sells which would leave me with a balance of £25,000, but my account only shows £22,000 and Hargreaves put this down to a moving average cost ??? Have you ever herd of this ? Thank you

[@sriram2210]

Great video mate! You’ve covered so much ground succinctly. Can I ask a question please- can I invest in multiple funds and shares within a stocks and shares ISA account in the same tax year? For example, can I invest £1k each in say BP, GSK, Astra, Barclays and Anglo-American, in the same tax year? Or am I only allowed to make one single investment in a tax year?

[@TobyNewbatt]

Hey Ram, once you have a stocks and shares ISA opened, you can invest inside of it whatever you like, as many or as few funds, etfs, or shares that you like. Whatever your platform allows you to do. it's only the contribution thats limited of £20k across your ISAs, not whats inside them, thats on you. Good luck!

[@sriram2210]

Cheers @@TobyNewbatt - much appreciated! Looking forward to watching more of your videos and investing (hopefully wisely!).

[@TooTs499]

Thanks this is fascinating 😃

[@taggthis]

Great video!! Quick question? Can you open a lifetime Isa with the Hargreaves account if you have say a vanguard one open for this tax year? Also, can you add to both accounts concurrently?

[@TobyNewbatt]

Hey Leslie, ISA rules apply to all the different types of ISA as far as I am aware, i.e. you can only contribute to one per tax year - but you can have one of each - Stocks and Shares, Cash, Lifetime and Innovative Finance. Lifetime has a £4k maximum FYI, and you have to use it for retirement or first time house buying otherwise you wont get the government top up. Hope that helps, check the gov website to make sure that's correct.

[@taggthis]

@@TobyNewbatt thank you 😊

[@taggthis]

@@TobyNewbatt as per usual- thank you

[@mr.d7372]

So if I'm right the platform will charge you O.5% of whatever you have invested each year?

[@TobyNewbatt]

Correct thats what a platform fee is. But it depends on what account you are using and what investment you are using. Bottom line HL is one of the most expensive platforms you can use

[@MrTpain1945]

If you stick to ETF charges are lower

[@steadmanyoung]

Explored using HL, however couldn't belive they where going to charge me 11.95 ever time I purchase some shares. Nope went with someone else!

[@HotelnagarHotelCity]

Which platform you decided to go to ?

[@micronesia3797]

£11.95 per deal is crazy

[@Cosaamia]

Cricky how many add have I got to watch of that same guy

[@TobyNewbatt]

Sorry I wish I had any choice in the adverts that’s all on google 🥲thanks for watching anyway!

[@joeydix]

Great video (came here from your latest HL video). Had no idea I was being rinsed so badly by fees so feel like a bit of a plonker but thanks for bringing it to my attention. Have you ever looked at Barclays Wealth as that’s another option for me?

[@TobyNewbatt]

I did a review on the best ISAs a few months back. Not done an in depth one into Barclays specifically, I do know some people who use them and seem fine - but IMO there are cheaper and 'better' ones out there. On your other comment - glad to hear you were a regular direct debit investor on HL thats one way to keep your fees low. However you still need to pay attention to the account fee. 0.45% is a lot of money over time if you are investing in funds. Shares less so, but still worth keeping an eye on

[@russellpetrie119]

alot to remember phew

[@TobyNewbatt]

Haha you can always come back to it later 😂

[@dannygreen531]

Defi is going to put this way of trading to sleep. Old money is dieing look at the fees .wow.