INVESTMENT ISA: How to Open a HARGREAVES LANSDOWN STOCKS and SHARES ISA (step-by-step)

[@TheHumblePenny]

Do you currently invest with HL? What is your main reason for choosing it as an investing platform vs others? Please share below :)

[@ryanmark2475]

Trading crypto currency is also a nice way to invest $1000 and change your life.

[@dragonslayer1269]

HL is very reliable, I like them. very straight forward when your buying stocks you need to learn about the company that your investing they are more suited for long term investment though if you want short term try plus 500 although there are others

[@5aadiq747]

@The Modern lnvestor ive only just ocme now

[@davodshah8869]

vanguard had higher minimum starting deposit and higher minimum direct debit, so i chose hl instead since i didn't have much money to start with

[@jamesolojo787]

Quality play but they freak me out with their charges but l would prefer HL far more than vanguard. However not sure what advantage HL has over a platform like Free trade, apart from having a posh name. Good video though.

[@andreamangle6597]

could we have a video on “how to choose the right funds, ETFs, bonds or share to invest into ?” 😊

[@AndrasRemenyiACCA]

Thank you sooooo much for this video. I have been looking around for absolutely ages to find a step by step guide how to buy and sell stocks. And open a s&s isa. Very helpful video

[@TheHumblePenny]

You're so welcome :)

[@wowvisuals]

I started using this platform yesterday ironically. Though I had done my research before, one of the things that caught me off guard was the charge to reinvest money that’s been accumulated. Moreover, the option when to do this, e.g. every 10, 50, 100 pounds etc.

[@priyakanadia24]

Yes totally new to investing on HL. Stock n shares ISA opened. Would like to invest in S&P 500 however it’s so confusing regarding the providers. Vanguard offer one and so does UBS. In the process of checking charts. Excellent breakdown on this video and simple to follow

[@taii_chii6782]

Wow this video has been incredibly helpful. This step by step process has made me see how straight forward it is and the many things I should consider when opening an investment fund (KPIs, costs etc)

[@TheHumblePenny]

Wonderful, Chinenye! 😊

[@ulathomas37]

I just invested some money in HL fund, I was not aware of the difference in the charges; I wished I knew it before and set it up as an ETF as it is a regular investment and the charges will be high.

[@WoogyYT]

Very interesting video! I currently use HL for my lifetime ISA and it's nice to see others making videos on it

[@israel_morrison]

Excellent PResentation. i'm about to start my Investment journey an this has been a major help!

[@TheHumblePenny]

Awesome, Israel! 😊. Please share with others

[@bilviva]

thank you for making this video! Sending magic dust and may God bless you and your family!

[@TheHumblePenny]

God bless 🙏🏾

[@KingJBro]

What are the fees like for people investing in smaller amounts (hundreds), heard they are quite high?

[@Daniela-zn9kf]

Hello , please can you explain more about ready made investments that HL advertise ? Is this is good idea for a new investor? Thanks Answers from all would be great thanks 😊

[@musingsofdupe1410]

So so helpful!! Thank you!

[@TheHumblePenny]

You're welcome :).Do share with others

[@calessom3168]

Really good content, clearly presented, big help, thanks Dude!

[@TheHumblePenny]

😊👊🏾. Please share with others

[@calessom3168]

@@TheHumblePenny Already have!!!

[@TheHumblePenny]

😊🙏🏽

[@scottsull]

This was super super helpful! Thank you so much!

[@TheHumblePenny]

You're most welcome, Scot! 👊🏾

[@MrTheMaximillion]

Hey, if I could only afford to invest about £50 a month at the moment, what would be the best platform/ index fund to use? Thanks :)

[@Marsha-be]

Hi there, did you get an answer to this question?

[@johnbatt2142]

Thanks for this video. I’m brand new to this investing stuff so just looking to build as much knowledge as possible

[@ijeomanwosu7456]

i opened a HL stocks and shares ISA in April after reading one of your recommended books 'you can own the world' but i had no clue what to do with it. direct debits are being taken out of my account monthly but it the money is just sitting there apparently waiting for me to allocate it to something. Ken i need help. I am going to watch this video 5 more times to hopefully get what you are talking about. i still don't think I'm confident in what to do.

[@ItsYashu]

Hi Thank you for the video, I have a question. Is it ok to use HL ready made investment option I am new to this I want someone to manage my HL stocks etc so I have made ISA Stock and Share I am waiting for the bank validation then thinking of setting ready made investment and put £25 per month each ? Thank you

[@rowsihfop]

How does a wash sale work, if you have a stocks and shares isa..where u sell at a loss and rebuy low?

[@Da-lx9uu]

What’s happened with ISA if you change UK tax residency? Is it closed? Or stocked or cash transfer for different account? Has someone faced with it? Thank you for comments.

[@TheWalkingCameraChannel]

Thanks for the video. So to confirm, you can't open a Stocks and Shares ISA with Hargreaves Lansdown one tax year and then open another Stocks and Shares ISA with Vanguard the next year and use both ISAs?

[@jens1230]

I've just tried to register on the "Super Simple Investing course" but when I tried to read the Terms & Conditions I got this message: "Oh, sorry! This content is for FJA members only. Already a member? Click the "log in" button above". May I also know how much the course is. Thanks. Good infor in video.

[@TheHumblePenny]

Jen. thanks for flagging this. I'll send this to Sue (our tech team member) to fix.

[@PianoVampire]

Loved your inspiring talk at EduCon - now enjoying your content! All the best - Christian.

[@TheHumblePenny]

Hey Christian, wonderful! Great to have you stop by and comment. Much appreciated! :)

[@clarenceishmael9615]

Great vid. If I dollar cost average into a HL isa that contains ETFs, do I incur the £11.95 dealing fee every time I make a deposit?

[@ajups]

Hi Ken, I've a qn. as we should have only one stocks and shares ISA, and I opened an account with Vanguard there is no option to buy shares in there, what would be the solution to this if I want to purchase a particular share? Thanks.

[@alexandralyansberg9127]

You can have an many ISAs as you want. Just use one in each tax year. And can top up only one. But if you have others from other tax years you can manage what is inside of that ISA if this makes sense.

[@grahamwilson2290]

Hi Ken, could you give me some advice on Stocks and Shares. I'm looking at starting with HL with around 300 pounds, could you direct me in the right direction on where to start. Should i do Stocks or Shares? Should i invest it all in one pot and can i withdraw the money at any given time????

[@TheHumblePenny]

Hi Graham As you're new to this, I wouldn't suggest that you pick individual stocks. Explore buying a passive fund (ETF or Index Funds {also called an OEIC}). This will help to reduce your risk tied to specific companies. You can wirhdraw your money, yes, by selling your holdings. But note that this is obviously an investment. It can go up or down. But this shouldn't put you off. Focus on investing in the right types of funds (low cost and global focused). I'd suggest also watching our Investing Playlist here on KZbin 😀

[@taggthis]

Great. Thanks! If I just wanted to buy some index funds and not invest too heavily, would you still recommend I invest in an isa?

[@TheHumblePenny]

Yes.

[@bankaihadouken1180]

Wash sale law still apply..even though we using stocks and shares isa

[@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?

[@TheHumblePenny]

Hey Leslie Yes you can open more than one. But you can only pay into one in a tax year.

[@nimaldayan8043]

As a beginner I want to trade shares in NASDAQ and NYSE and do you think HL have access to all companies listed in these markets

[@pdaniaful]

Thanks for the video, I already have a Vanguard S and S account, can I open the same type of account with H and L as well?

[@TheHumblePenny]

Thanks and yes :)

[@winnit54]

Is there any value in transferring my existing isa to HL

[@ashleymccarthy6232]

Great video, thank you!

[@TheHumblePenny]

Cheers, Ashley!

[@Alex.1739]

What is the best platform for an absolute beginner please?

[@AKgoon82]

Hi Ken, can you close a stocks and shares ISA permanently with one provider, to open up another with a different provider within the same financial year?

[@TheHumblePenny]

For sure. But do it as a transfer rather than selling your investments. Make sense?

[@anon4518]

Hi there, Thanks for all you videos. What type of investment, business etc can a young adult start doing with little money? Thank you

[@TheHumblePenny]

An online business :)

[@oppjam]

Do you have to set up a mouthy DD.. or can this be done manually when needs be.. also are you forced to pay in something every month

[@TheHumblePenny]

Monthly standing order for your contributions. You can't be forced to pay. Cancel whenever you want.

[@dietrichcdrr]

Think about the compounding of your costs over the last 10 years. Interactive Investor cheaper and same products as HL. good mobile app as well.

[@TheHumblePenny]

Definitely the right way to look at opportunity costs...

[@anthonyd8023]

Hi, thank you for this - very useful as i am new investing. I opened stocks and shares ISA account 2 days ago with H&L and chose the direct debit option. At what point will i be able to start investing as my bank account is yet to be validated? Is it at the point when the first DD has been taken before a balance will appear on my account?

[@jemmaxwell9076]

Omg.. I’ve been waiting for this. Thank you! 🙏🏽

[@TheHumblePenny]

We read your mind, Jem ;)

[@premsaipatel]

Hi Ken thanks for the video. I have a question for you. I have been looking at opening an account to invest in mainly ETFs and maybe some funds in the future. I have an issue when I open an account, as since I was born in America and now live in the UK for pretty much most of my life, I have an American and British passport- ie: I have dual citizenship. I set up an account on HL but read their rules about being classed as an American resident. I tried to open one on Vanguard but having some issues with it. Due to my circumstances, what platform is good or what can I do so that I can still invest in funds and ETFs without being restricted because of my dual citizenship. Thanks :)

[@tankthepitbull520]

Is Hargreaves lansdown still open for business with the coronavirus pandemic, Also is there a minimum amount of money I have to invest in a stocks and shares ISA. I’m currently studying and was thinking about putting a couple grand into an investment.

[@CM-ll7ww]

Hi Ken & family I hope you’re all safe & well. I have higher level investments via Vanguard and Hargreaves Landsdown of blended funds but really wanted to have a bit of fun on Trading 212. I can only afford 2 shares in Disney as a bit of a “folly” . It’s not too expensive but is it even worth only having 2 shares? Will that ever see a significant return in your view?

[@TheHumblePenny]

Hi C M, we are keeping well thank you :). Hope you are too? Your question is an interesting one. In short - Yes, depending on what you're holding. Our 6 year old son holds 1 share of Amazon (birthday present) and it has returned for him over 900% so far... So... really can matter over time.

[@CM-ll7ww]

The Humble Penny thanks so much for the reply. I will have some fun with a couple of Disney shares then :) love the channel.

[@HarroldStarFish]

Great video, thanks. Used the affiliate link.

[@Leo_65430]

Nice video and useful content. However, I believe HL to be poor value for money. I started with them but the 0.45% platform fee + trading fees for ETFs put me off. I've now created a 6 ETF global portfolio (all VG & iShares index trackers) using Trading 212. This is made very easy by the 'Pie' feature. My weighted average fee is 0.1% with no platform fee.

[@TheHumblePenny]

Hi Leo, That's useful. Thanks for sharing. Where do you think Trading 212 make their money?

[@Leo_65430]

@@TheHumblePenny Hi Ken, I had wondered about this. I think they make their money off their CFD accounts where they do charge a fee. Clearly most investors should stay away from CFDs, but the free ISA and general accounts excellent. Main downside is no OEICs - so no Lifestrategy.

[@namastetheory8476]

Hi, I’m a US citizen living in the U.K. and the only investment companies I can use is Hargreaves Lansdown due to the FATCA law. I am not allowed to use Vanguard U.K. or Trading 212. Do you know of over companies that accept US expats?

[@Leo_65430]

@@namastetheory8476 The tyranny of FATCA...sigh, what a nightmare. I don't mean to give tax advice, but make sure you fully understand the implications of non US passive income as a US citizen abroad. Pay particular attention to PFIC rules - taxes can be very punitive. To answer your question, I'm not aware of other investment platforms that allow US citizens.

[@namastetheory8476]

leo morgan I don’t have enough invest for this to be an issue. US tax payments don’t come into play unless you are making around $90,000 or above but I don’t have anywhere near this amount invested.

[@froufou100]

How does a non-math person calculate all the extra fees for different amounts? Probably obvious to an ex-accountant and everyone investing but am lost on that. If I am not the only one, maybe you could show us in another video? Thank you for taking us through the process of opening an account with the diverse platforms :)

[@TheHumblePenny]

I'll make a video about understanding fees and how to calculate them :). But in simple terms, the fees should be worried about is usually stated as a percentage. e.g. a fee of 0.45% is per annum and in calculated on the total value of your portfolio (i.e. all your holdings) depending on what assets you're holding. So if your pot was £100k, it would simply be 0.45% (i.e. 0.45/100 = 0.0045) x £100k = £450. This would be your investing fee for the year. But like I said, I'll do something on fees soon :)

[@froufou100]

The Humble Penny thank you so much seeing it on Excel would be easier. Also please consider different investment amounts, not on 100k just yet 🤣

[@TheHumblePenny]

@@froufou100 Helping you dream bigger ;). Yes, I'll explore something with Excel.

[@froufou100]

The Humble Penny thank you

[@qng69]

Hi Ken, thank you for the video. can you tell if the HL plattform provide "regular monthly saving plan" for an ETF?

[@TheHumblePenny]

Yes you can invest monthly on a plan :)

[@qng69]

@@TheHumblePenny thank you Ken. so what is the rate/fee for a monthly transaction each month?

[@crofty5676]

Fantastic video. Really helpful and Informative. Question - what determines fee %... why are some funds low and others higher?

[@bo55ola]

let’s play a game and pick out the books on his shelf I can spot “the power of habit by Charles Duhig” (brilliant book) Does anyone else’s notice other books?

[@RobMidlife]

Thanks Ken. More great tips 👍

[@TheHumblePenny]

Cheers, Rob! :)

[@YvonneM125]

I invest with Hagreaves & chose the platform due to the wealth of information & resources, particularly as a fairly new investor. However, as time has moved on I have realised that I do most of my research on other sites, such as the Motley Fool for example. I like Hagreaves & it works well for the modest amount I have invested right now. However, as my portfolio grows, the fees are likely to rack up & eat into my investments. This could be in the thousands once I reach my FIRE number. Therefore, I plan to hold most of my wealth in Vanguard funds, due to lower costs.

[@TheHumblePenny]

Hey Soul Sistah, always be shopping around ;) . But balance fees with service and availability of the right investments for your needs :)

[@chrisramm1]

signed up today for a share account with less than 10,000. not invested before but have a plan!!!!

[@TheHumblePenny]

That's progress :)

[@pumpkinspice6118]

I don't get it, why can't you just invest in the S&P500, FTSE100 etc? Just normal index funds, thats all I want

[@apexapex7509]

Do they charge 11£ PER each trade? So buying AND selling?

[@TheHumblePenny]

Yes. There are cheaper platforms but you also get other things for what you pay

[@tonywalters66]

To understand what you are talking about here, you assume the viewer has a very good understanding of all the terminology, which i dont. I am having trouble following this.

[@TheHumblePenny]

Hi Tony Thanks for that. What don't you understand exactly? We have been creating investing content for quite some time now and so our viewers have been following on the journey. Have you seen our Investing Playlist? We have videos for beginners 😀

[@tonywalters66]

@@TheHumblePenny Ah, maybe the beginners section is the place for me. I have had only Cash Isa's in the past and thought i would look into a Stocks and Shares one. HL was recommended. But then i need to choose between a DIY or ready made Portfolio. Which is my route to landing on this video today. I was hoping the language used would be more easily understood by someone like me who has NEVER thought about, talked about, listen to or understood things like....Fund, stock, open ended thing is assentially an index something or other, tracker, passive active strategy. I could go on and on. Almost everything you are saying is totally over my head. lol I am sure it makes good sense to people who understand the terminology. Cheers

[@TheHumblePenny]

Totally hear you. I recommend this one: kzbin.info/www/bejne/q2XRaZljjrFolas

[@tonywalters66]

@@TheHumblePenny thanks,

[@TwistedSoul2002]

Humble Penny? Where’s the bad jokes or am I in the wrong place...?

[@LuLuBeeBah]

Sorry but I won't give a penny of my money to that Tory-donating Brexiter 😒 😠 interested to find out more about ethical investing.

[@TheHumblePenny]

Hi Lucy, to learn more about ethical investing, please read this: thehumblepenny.com/how-to-start-ethical-investing

[@grahamwilson2290]

Oh dear!! We have a silly Leftie in the house..😪😫

[@LuLuBeeBah]

@@grahamwilson2290 oh dear, we have a greedy deluded Tory in the house. Come back to me in January and we'll see how it's going

[@grahamwilson2290]

@@LuLuBeeBah Actually the house is full of Tories, the biggest majority since the 1980s, a big thank you to Labour for that. Labour failed to respect the referendum, and in doing so destroying the fabric of democracy, something that is more important than any Brexit.....

[@LuLuBeeBah]

@@grahamwilson2290 it was an advisory referendum. That didn't represent the majority of the UK, because it wasn't a mandatory vote. You're either extremely deluded, or extremely rich and unpatriotic, because 'Great' Britain won't be very great come January. Oh well.

[@iamceceanderson]

Great video, thank you.

[@TheHumblePenny]

Thank you 😊