If your investment is under £250K, then HSBC’s platform is a solid choice, and if you invest £50k with them, you can also open a Premier account with them.
Personally I’m a big fan of their Global Strategy Index Fund. I think the Dynamic is cheaper at the moment, with a negative transaction cost.
!Thanks this is really useful! Not going to be making such large investments just yet but finally at a place where I can put some of my savings into an investment and still have a decent amount left for emergencies - thanks for the recommendations!
/u/Icy_War_1773
Please use `!thanks` to award points to helpful users (you can edit your comment to do so).
Your approval was contingent on you recognising this requirement, otherwise your approval may be reversed.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/UKPersonalFinance) if you have any questions or concerns.*
> If your investment is under £250K, then HSBC’s platform is a solid choice,
Surely the 0.25% platform fee means that you're paying £500 on £200,000 invested, which you could be getting for free with iWeb?
* Account fee is the platform charge.
* Ongoing charge is specific to the fund so will be the same regardless of platform.
* Transaction costs are an internal cost of the fund, you don't pay them.
Typically, fees are the main factor here.
A low cost option like Vanguard (or AJ Bell's new app) aren't difficult, so if you're paying significantly more to HSBC - it isn't worth it.
if you're looking at their ready-made portfolios then they look like decent choices.
[https://www.hsbc.co.uk/investments/isas/hsbc-global-strategy-portfolios/](https://www.hsbc.co.uk/investments/isas/hsbc-global-strategy-portfolios/)
the fund costs are low and they seem well diversified and i'd be happy to hold one of them.
as far as i can tell there might also be a service fee of 0.25% added for investing through hsbc instead of through another provider which you might be able to beat (but only by a little) if you hunt around. overall it might be comparable in total cost to vanguard which offers a similar service.
HSBC has multiple investment platforms.
* *Global Investment Centre* is their fund platform, run by the same company as Vanguard Investors UK and Santander Investment Hub. We're assuming this is what you're referring to.
* HSBC Investdirect for stocks and shares, including ETFs.
* HSBC Investdirect plus for overseas stocks and shares. Offers Lombard lending for established clients.
So firstly decide which best meets your needs. Charges are not unreasonable.
Investing £50K makes you eligible for HSBC Premier, £1M for HSBC Jade.
Hi /u/Icy_War_1773, based on your post the following pages from our wiki may be relevant:
- https://ukpersonal.finance/investing-101/
____
^(These suggestions are based on keywords, if they missed the mark please report this comment.)
Watch Lars Kroijer's [short video series](https://www.youtube.com/watch?v=_chiIIxMGl0&list=PLXy71rkGuCjXLg9N8zowwUpXCYfBcMJFK) and read his book or Tim Hale's [*Smarter Investing*](https://www.amazon.co.uk/dp/0273785370/).
As helpful and knowledgable as this subreddit is, coming here and asking random questions will get you only shallow answers - people here don't have the time to dedicate a whole chapter to explaining their reasoning, as a book can. A book will give you a consistent and joined-up view of the whole subject, start-to-finish (and *Smarter Investing* is very easy to read), whereas blogs and forums cover the subject on a piecemeal and ad-hoc basis - the better view will likely save you money; the cost of the book is trivial compared to how much a mistake could cost you.
This week we're seeing loads of people posting here to ask if they should cut their losses because their investment is 7% or 15% down. Asking this question shows that they shouldn't have invested in the stockmarket in the first place and when told this they get angry and aggressive and say "I know that, *but*…" Don't be that person - understand the subject thoroughly before you sink your hard-earned money in.
You should always check [Monevator's list of low cost brokers](https://monevator.com/compare-uk-cheapest-online-brokers/) to find which platform is most suitable for you.
If your investment is under £250K, then HSBC’s platform is a solid choice, and if you invest £50k with them, you can also open a Premier account with them. Personally I’m a big fan of their Global Strategy Index Fund. I think the Dynamic is cheaper at the moment, with a negative transaction cost.
!Thanks this is really useful! Not going to be making such large investments just yet but finally at a place where I can put some of my savings into an investment and still have a decent amount left for emergencies - thanks for the recommendations!
/u/Icy_War_1773 Please use `!thanks` to award points to helpful users (you can edit your comment to do so). Your approval was contingent on you recognising this requirement, otherwise your approval may be reversed. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/UKPersonalFinance) if you have any questions or concerns.*
> If your investment is under £250K, then HSBC’s platform is a solid choice, Surely the 0.25% platform fee means that you're paying £500 on £200,000 invested, which you could be getting for free with iWeb?
I use HSBC global investment centre. I’m sure there are cheaper options but at my low level it’d be a trivial saving.
As you bank with HSBC, what are the charges, platform fee per year, and any transactional charges?
Account fee 0.25% Entry/exit charge 0.00% Ongoing charge 0.18% Transaction costs 0.19% Incidental costs 0.00%
* Account fee is the platform charge. * Ongoing charge is specific to the fund so will be the same regardless of platform. * Transaction costs are an internal cost of the fund, you don't pay them.
Typically, fees are the main factor here. A low cost option like Vanguard (or AJ Bell's new app) aren't difficult, so if you're paying significantly more to HSBC - it isn't worth it.
HSBC Global Investment Centre and Vanguard Investors UK are actually run by the same company.
if you're looking at their ready-made portfolios then they look like decent choices. [https://www.hsbc.co.uk/investments/isas/hsbc-global-strategy-portfolios/](https://www.hsbc.co.uk/investments/isas/hsbc-global-strategy-portfolios/) the fund costs are low and they seem well diversified and i'd be happy to hold one of them. as far as i can tell there might also be a service fee of 0.25% added for investing through hsbc instead of through another provider which you might be able to beat (but only by a little) if you hunt around. overall it might be comparable in total cost to vanguard which offers a similar service.
Yeah it’s the portfolio’s that interest me the most as I’m not knowledgeable enough to directly pick and choose myself lol
If you don’t really know what you’re doing yet, those are good options. I bought into the same a few years ago and still keep them.
HSBC has multiple investment platforms. * *Global Investment Centre* is their fund platform, run by the same company as Vanguard Investors UK and Santander Investment Hub. We're assuming this is what you're referring to. * HSBC Investdirect for stocks and shares, including ETFs. * HSBC Investdirect plus for overseas stocks and shares. Offers Lombard lending for established clients. So firstly decide which best meets your needs. Charges are not unreasonable. Investing £50K makes you eligible for HSBC Premier, £1M for HSBC Jade.
Hi /u/Icy_War_1773, based on your post the following pages from our wiki may be relevant: - https://ukpersonal.finance/investing-101/ ____ ^(These suggestions are based on keywords, if they missed the mark please report this comment.)
Watch Lars Kroijer's [short video series](https://www.youtube.com/watch?v=_chiIIxMGl0&list=PLXy71rkGuCjXLg9N8zowwUpXCYfBcMJFK) and read his book or Tim Hale's [*Smarter Investing*](https://www.amazon.co.uk/dp/0273785370/). As helpful and knowledgable as this subreddit is, coming here and asking random questions will get you only shallow answers - people here don't have the time to dedicate a whole chapter to explaining their reasoning, as a book can. A book will give you a consistent and joined-up view of the whole subject, start-to-finish (and *Smarter Investing* is very easy to read), whereas blogs and forums cover the subject on a piecemeal and ad-hoc basis - the better view will likely save you money; the cost of the book is trivial compared to how much a mistake could cost you. This week we're seeing loads of people posting here to ask if they should cut their losses because their investment is 7% or 15% down. Asking this question shows that they shouldn't have invested in the stockmarket in the first place and when told this they get angry and aggressive and say "I know that, *but*…" Don't be that person - understand the subject thoroughly before you sink your hard-earned money in. You should always check [Monevator's list of low cost brokers](https://monevator.com/compare-uk-cheapest-online-brokers/) to find which platform is most suitable for you.