Stocks & Shares ISA - which one to get?

[capturingdaydreams]

I have around £5k to invest but I know nothing about Stocks & Shares ISAs. Help!

From looking around on the internet I think Cavendish or Nutmeg might be my best bets. Anyone got any experience with either? Or any advice on what to look out for when getting one?

We use Hargreves Lansdowne as it's very user friendly. We choose actively managed funds and also actively manage ( move about) the money ourselves, so the easy interface is great. It's not the cheapest though, others have lower fees.

We use YouInvest as a platform- also very user friendly but cheaper. Wouldn't solve the problem of how to allocate the money. Once you're one of those platforms, you will see the thousands of funds to choose from (type of investments they do, risk level, performance so far, fees etc). If you're not seasoned investors, a good option could be some sort of a global tracker fund.

JoJo's right. A good tracker, spread across markets us as good a bet as any. Only a few actively managed funds beat the market so a low-fee tracker is a good bet, unless you want to take an active interest in your investments ( DH has a spreadsheet- thrilling it's not).

Look for lowest charges, all that matters. Spread money in a fund or two that is split, e.g between UK and global, Europe and UK etc etc

I use Halifax and standard life self investor, Hargreaves Lansdowne are pricey.

Are there funds out there called global tracker fund? Or is that umbrella name and one has to look again under it?

They’ll be called that or similar but the name will make it clear. If you look at the details, it’s likely to have a chunk in US stocks, some U.K. and Europe and then other bits and bobs.

We've recently gone with Nutmeg. Costs are low and they invest in trackers which as others have said generally do well compared with active managed funds as costs are lower and it's hard to outperform the market. You can select a risk, we went for the most risky as we can afford to wait it out if needs be. They will also overlook the funds and move things around if anything big is around me the corner like Brexit. I preferred this as we don't have time (or the know-how) to keep an eye on these things ourselves.
Early days but happy with choice so far.
If you go through Money Saving Expert site they are doing a deal where you get some cash back if you invest a certain amount which is worth doing as this reduces your risk as you are already getting a return if that makes sense.

Thanks for all the input. I think a global tracker would suit my needs but there just seems to be so much choice. Need to get a move on before the ISA deadline.

MiniMum97 - will check out Money Saving Expert!