Looking for guidance around S&S ISA I have with Hargreaves Lansdown.
I opened this back in 2019 at the age of 24 to save for retirement. I’ve tried my hardest to do it all the correct way and spent a lot of time reading up on investing etc but still think I’ve buggered up.
To begin with, I had the money spread across many funds. It’s no doubt I didn’t see much in the way of dividends & interest (literally pence) so after realising my error, I consolidated down to the 4 best performing funds and now I’m receiving about £1.50-£2 a month which is set to reinvest, but my HL platform fees are approx £6.50 a month so eating away at this.
I know HL is supposed to be very pricey unless you have ETFs, so is it worth me transferring these funds to ETFs? Or move to another platform with less fees, or move directly to the fund providers such as Vanguard to cut out the middle man? Or, should I withdraw a chunk to make a deposit to my pension which has been impacted by my current maternity leave.
I know it’s a long term game, but at present I’d see more returns from an ISA, so I’m worried I’ve done it all wrong and not benefitting from it at all and have wasted 6 years of compounding etc.
Other than my pension, I’ve covered all other key financial areas already (emergency fund, mortgage overpayment, LISA, premium bonds) so wouldn’t be looking to use this money for any of them and want to keep using it for retirement.
I’d appreciate any guidance you can give!