Self-select Stocks\Shares ISA.... come talk to me!

[Wolfgirl]

Anyone care to explain advantages\disadvantages?

I am watching (and invested in 1 or 2) certain stocks which I feel will do quite well this year.... and thinking of popping them into an ISA.

I know I can do this... but know little else. Whilst I poodle off to do more research, any advice\comments in the meantime would be great. Cheers

Hi Wolfie, your stocks ISA account works just like any share trading account. A few things tho;

You cannot buy AIM stocks in an ISA unless the stock is also listed on a main market elsewhere (like RRL, listed on AIM and ASX)

You cannot transfer stocks in, its a case of sell up, wait 1-6 weeks for the bank to get their arse in gear and then you can buy them again in the ISA wrapper. So it might be good idea to use different funds to open the ISA with in case you miss that all important RNS !

I have my ISA and normal share acc with Lloyds and it's pretty seamless, one log in account, 2 portfolios, easy to deal in one and then the other.

hey there awubble I ran for the hills last week, but my portfolio has taken a decent turn this week.... nice profits on a few of my stocks... so happy chappy today

I'm still reading up on the self-select ISA. Have to say, I thought I did actually read that YES you can transfer existing costs, but there may be a charge.

Got a few weeks to think about it, but talking about RRL - this is one that I want to wrap in an ISA. We have a few bob coming in, end of March, and I want to pick my stocks wisely... those with potential growth etc. WEll...I wouldnt be investing in them, if I did not think they had growth.

My ignorance now lies with, what can you do with the stocks once they are in the ISA... can you keep adding to the ISA, can you trade as normal within the ISA... can you sell without penalty etc?

Anyway, sure I'll find out.

How has your week been? made some juicy profits anywhere?

Sorry, meant to type stocks, not costs...

I'm still reading up on the self-select ISA. Have to say, I thought I did actually read that YES you can transfer existing costs, but there may be a charge.

If you can find someone who will transfer stocks i think it would work in much the same way, the stocks would disappear for some time before reappearing in the ISA account, something i would find nailbitingly unacceptable.

But once you have the account open you can trade as much as you like within the account and add cash to it to buy more or leave as cash in it up until the allowed max for the year. That is, you can transfer in up to£10680 during the next year,in one lump or bits and pieces and trade stocks, keep it as cash for a while and then trade again and hopefully make as much as you like. The only limit is the max you transfer in. If you take some out that doesn't mean you can put more in though.

Things are going ok at the mo for me, hit a new target today and celebrating suitably ;o) DPL are starting to move. AMC starting to be a nailbiter and just wish RRR would hurry up and get off it's arse ! Bought into SOU earlier in the week, more potential.
Was tempted to trade RRL for more shares but decided i don't have the time to be available to do it properly so i didn't. I would love to be able to do this 24/7....maybe one day.

You?

thanks awubble.

SOU.... Sound Oil? I actually like the 'sound' of sound oil ha ha. Seriously, I caught a glimpse on a BB last week, and made mental note to look into them some more.

Don't know about RRR. I do hold RRL and DPL. Also, Tower Resources are on the move again.

Good week, and even Tanfield is shifting it's booty a bit more. Still 50% down on my holdings, but with fuel increasing, electric vehicles may be given some acknowledgement and attention from the wider markets.

Right, off to whip my two DC's and send them to bed with bread and dripping! LOL

Bread and dripping...gawd..my dad always used to go on about that...eurgh.

Yeah, Sound Oil. Worth a look i think. Im not in much but thought it worth a punt especially as the volume is picking up quite a bit.

Tanfield is way outside my comfort area but is in one of those sectors i like to keep an interest in, I used to have much more interest in alternative energy and i hope to again one day. You must have held for a while ?
Do Tanfield offer anything specifically new in EV's ?

Anyway, its good to hear things are picking up for you too. Here's to that continuing for a while !

awubble... we sold out of GKP today, bought into Sound OIl. DH is fretting and nailbiting... I do hope it continues to move north. I persueded him of the potential, but he thinks we have bought in on a spike. I agree, but hope upon hope that with all that is on the agenda and the attendance at the OB conference next week, we will see a few more bob added.

Bad few days again, eh. Pigging ME and Gaddaffi! honestly!

Hi,

I have been considering stock and shares isas too and im actually wondering about the charges of the brokers. Are they all roughly similar or is there one particular broker that is well known to be cheaper than the other?

thks

toskay, I can recommend what is called a Discount house if you like. You pay no initial charge, only the annual fee. They will send you a brochure of their best performing ISA's with info concerning the fund manager etc. I have a couple of these discount houses very useful, and usually use them to take out ISA's. This year I am looking at self-select, but if you are starting it out, you might want to look at a more cautious fund, or med. risk.

mail me at delyth dot wolfram @ blueyonder.co.uk

Hey Wolfie, who knows if it is the right decision or not i certainly hope so ! SOU are holding up quite well where others are not which is a good sign, probably. Also recent events might be beneficial, Italy used to get 25% of their oil from Libya, it's not inconceivable that this might bring home some energy security issues which can only benefit sou.

What made you sell gkp ? I noticed they were dropping, was there any reason behind it ?

awubble - sold GKP because they seemed to fall below resistence most days. DH pulled out his holding at £1.31 - I told him to pull out early last week when it was at least £1.60 ish. ah well. He popped it into SOU - made a quick £1700 profit, then lost it again LOL.

He has set a limit to sell, then get back into GKP. He only made £3k profit there, but if he gets back in with original stake, at below £1.20 he will retain his profit and earn a good decent amount of Free Shares.

I only hold a small amount of SOU, but I can wait for a rise, no hurry.

HOrrid day today. What is that old saying... Cash is King? Just think of all those catfish out there, with a few hundred K spare bucks, mopping up the oversold shares.. Oh to be in that bracket

Nothing in my portfolio was blue today. In fact my PF is looking really rather poorly. Hope you having a better time of it than me. However, Im waiting on a sum of money to mature, should be with me by end of month, at which point, I will open my self-select ISA and hopefully find some cheap but worthy stocks.

Hi Wolfie,

Horrid day wasn't wrong...from this time last week its pretty nasty but it just makes me wish like you say i had a bit more in cash to pick up a bargain or two. Something to plan into future holdings.

Im tempted to stop looking for a while, until things normalise but it's typical i invested in a level2 account just last week and can't stop.

Good luck with the ISA, if you find anything good to put in it let me know. That's my issue with the things, i have been lucky the last few months with rrl, crnd and cad but because you can't buy AIM stocks it's tough to find good stocks in my preferred sectors. Having said that i have AEX in there and have high hopes for them but i wish i could put all aim stocks in it..tax pfft.

Chin up and eyes shut, we'll be grand in a few months..i think !

Incidentally, SOU, don't panic. Have a look at the iii boards.
I was at work wondering wtf was going on, why would they release that at a presentation that's rns material etc. It does now seem to not be true, but obviously has already had the rumour mongers desired effect.

That has really opened my eyes to just how much a rumour on a bb can affect things, im sure you have seen the same old buybuybuy/sellsellsell that i have and ignore but people seemed to actually believe it this time. Bizarre but interesting to note!
And a buying opportunity in the morning if i can get some more out of somewhere else and in at those prices!

Evening awubble.... that irritating bricktycoon, is getting right on my wick, yet he keeps getting ticked up. HOnestly!!!!!!!!!!!!

Not worried in the slightest, happy to hold for a good few months yet. DH finally made his profit, then jumped back into GKP. Left a couple of K in SOU - free shares.

No one share moves diagonally north continuously. I have noticed SOU is a great share to day trade, if you had a good £20 - 30k you could come away with a good £5k profit each week, at the moment. Shame I do not have that kind of money. DH does, but its gone back into GKP (as already said); I work with pence - but from little acorns... I heard a saying once.

Waiting on Rockhopper to release their RNS. You been on that board lately? my giddy aunt, some bloke called Borgo ranting off some cryptic story lines, which give BB readers the impression RKH have excellent resutls to report on their latest appraisel drill. Hope it's true, else that bloke will not be able to show his face on a Falkland board for a very long time.

awubble... what other stocks do you currently hold?

I hold a few, but only pence in each: GKP; TRP; DES (yawn - mahooosive loss at the moment, no point selling); CNR; BMR; ARG; RKH; SOU; RRL

and one or two others.

Hi Wolfie, still surviving then! Been a tough time but nothing has really changed in my holdings...just sentiment. Some stocks look more attractive now though, i think.

I've avoided all the Falkland's mostly, it never appealed to me. so i don't pay much attention except when it might impact on other places that do.

I was tempted by gkp at 119 but passed it in favour of more sou, i just think they have a greater potential right now.

My current holdings, not advice or tips are;

In my ISA
RRL
CAD
AEX

Trade account;
DPL
RRR
AMC
SLE
SOU
XTR

Closely watching

ANR
AUL
RGM
BPC
NRRP

Im currently up to my eye balls in the above, considering a bit of a jig about though, depending. I have a lot of dpl but the price now is very very tempting, SOU too for a shorter term, RRR is so cheap for a good 12 months of news and results.

Will see how i feel in the morning, probably will not change much but there are just too many tempting prices right now.....know what i mean ?

awubble what a day for Sound!!!!!!!!!!! So wish dh had left the big money in, but he is now £5k up with GKP, so hey... I cant complain, and the shares he left in SOU are nearly £2k profit, again cant complain.

I popped another £850 in today, that was all I could find, but hey...

Did you read the thread about the significance of 3.33p and 6.66p - market caps and II's?

here, just in case you missed it.... very interesting!

{{http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ASOU.L&threshold=5&it=le&action=detail&id=7990474&prevpost=7990397&nextpost=7991380 Sound Oil - significance of prices...]]

Try again...

awubble.. all the best for the week; hope your stocks come good for you. I think a few healthy RNS's amongst my stocks will see me smiling. As for SOU... I think we will see this move north again, and settle between 5-6p by end of week.

Hi Wolfie, been a manic week for me and still is, suffering a bit at the moment. I think human teeth are the worst designed horriblest things ever.
I read that post you linked and thats exactly the kind of twaddle you should avoid. Think about it, Mr High Flier sitting at his desk just waiting for sou to get more expensive so he can buy in!
I know there are funds that have specific rules that are designed to limit or expose risk but they are not so simplistic as that poster suggests. There are quite a few funds that are specifically small cap with no limits and probably hold a fair bit of the likes of sou and rrl already. There is a lit of rubbish posted on those forums, iii is probably the worst for it too. Still useful but it's like sorting sewage sometimes.

Not a bad week for me so far thanks. I jumped into sea on Monday morning, very glad i did. Hows the Falklands holding up ? I haven't been keeping my eye on much more than my own this week due to, well, crap mostly.

Do you do any day trading ? Im so rubbish at it, nearly everytime i have tried trading a share i have missed a re-rating so i don't bother now, just invest. When i get more time i will have another crack at it, small spread bets probably.

Im still holding sou, the volume has dropped off markedly so will be interesting to see what happens next.

Hope yours is going well, is hubby still holding the big bucks ? Maybe you should get a turn !

Morning awubble. Just a quickie... I've opened an ISA wrapper (self-select). Have you got your eye on any undervalued stocks at the mo?

just looking into any tips in order to trade within the wrapper. I've popped £6k of the kids fund in there, and want it to better.

I'm currently watching: Afren, Aminex, Arian Slv, Central Rand gld, Xcite.

already have RRL

Here is a list of ISA'ble AIM stocks - if you are interested....

Here....

speak soon

Sorry... commodities only .

PS, that blokes theory concerning the 3.3p and 6.6p rule, sounded very plausible. Mmmm.... ok, will give it some further thought. You have a keen eye and wit about you for such things. Well done.

Hi there - peeking in to say I am a stock market follower and investor too. Only difference is that I am in the US, so don't recognise any of the stock symbols listed here (wonder if the big multi-national companies have different symbols in different countries?).

Still - we can talk strategy and investment trends based on world events.....

I've done quite well recently with some oil/energy companies (Marathon and Chevron), but am no genius as i sold out of BP at the worst possible time - which was at the height of the Gulf of Mexico oil spill.

I also have done fairly well with some of the big mobile phone companies as they gain market share (the US was a bit slower to saturate the market with mobiles).

In the next few weeks I will be closely watching industrials and materials (anticipating a pick-up in demand as Japan begins to rebuild after the earthquake and tsunami). I have also reduced holdings in technology, staples, healthcare and consumer discretionary stocks.

Generally, I look for a mix of slower growth stocks that pay meaningful quarterly dividends, and sprinkle in a few other higher risk stocks with big upside potential (most recent success story was a US based coffee company acquired last month by Starbucks).

How do the rest of you evaluate stocks, and what are your investment criteria?

Will be fun to trade ideas.

Hi Wolfie, I don't know of a lot of ISA stocks that fit what i look for but it's been a while since i devoted much time to it to be honest as im happy to hold the ones i have right now.

Be very aware of what your buying into if you buy CRND, it's not looking good right now, massive upside but way too much risk for me.

Bought a little Oracle Coalfields today, bit risky but hoping they will see a bit of an increase when they join AIM in a few weeks.

Hi Early,

For the most part i think the stocks i am in would qualify for your sprinklings ! I mostly stick to AIM mining and oil exploration and Wolfie seems enticed in these areas too. High risk to a degree but if played right can be quite profitable. And at the end of the day, after Lloyds, BP, Northern Rock, etc..what isn't high risk?