Maxing out your ISA now, as a you tube creator may hamper your content, or at least your portfolio updates, with the risk of big losses for the first couple of months
You are right William, it can hamper my content, but it's how I would have invested, even if I didn't have this channel. And also correct in the fact that I have gotten unrealised losses in the short term.
Hi Jubair. £85K is covered by FSCS. So that is the ceiling for investment with any one broker, then have to move to another. its easy to reach this amount if one has ISA, SIPP and GIA investment account with one broker and they all grow, hopefully. Is there a way around it? Would like to sleep peacefully at night and not worry about broker going bankrupt.
No way around it outright, but I guess going with a reputable company with lots of assets under management is usually a good way to sleep at night, something like Vanguard or HL if your really worried
Nice video . What's happened to the crazy bird nest hair style 😂😂😂😂 I have done the same for over 12 + years now . Isa maxed out . As I maxed out on Freetrade last year and all my accounts with Freetrade is £95K , £10K more than I like , I will stop paying into my Freetrade account. My dividend will bring my account to over £100k in the next month or so . Maxed out today with Trading 212 with my ISA today and just found out I will get 1% for having an ISA with them . Bit surprised as I just have a normal account with them . Maxing out my Pension too . I have my money just sitting with Trading 212 and loving the 5.2% until I decided who to use for this years Pension... Keep the good work up ❤❤❤❤
I have to say the stock market both UK and USA in the last week has been really bad. Well that's how it seems to me anyway. I'm a complete beginner and have no idea what happened. Hopefully temporary. Is it connected with the end of the tax year?
Nobody knows which way the stock market will go in any given month/week/year. Best to stay invested for the long term and not care about small fluctuations.
@@Dr.JubairsFinance Yes indeed.I have the full 20k now invest in Stocks ISA.T212. I have another 10k I'd like to invest but not sure where . If i put it into the invest then it's taxable, right? How much though? So I don't have many options.Leave it as uninvested and gain 5.2% interest or take or put it into the taxable invest... hopefully gain 7+%.
I save in my Premium Bonds then take out £16k for Stocks and Shares and £4k in my Lifetime ISA. This will take me one year and I’ll shove it all in on the 4th like I did this year lol 😂🐰
Don’t know if it matters but isa declaration on trading 212 is still based on the old rules hasn’t been updated ● I have not subscribed and will not subscribe to another stocks and shares ISA in the same tax year that I subscribe to this stocks and shares ISA
Hi. I believe that when you hold cash in Trading 212 it is NOT covered by the FSCS compensation scheme as it’s held in money accounts. Once it’s turned in to shares it is protected so that’s a lot of money to lose if they went bust.
The cash is held in banks for the most part which is covered by the FCSC. Shares/assets aren't actually covered by the FSCS, but I get what you are trying to say. I am willing to take this risk.
@@Dr.JubairsFinanceCash isa with Coventry BS, until its ready yk be transferred into your ISA, not that yhe UK banking system is likely to crash but just peace of mind you're 5.2% with a safety net, just my opinion.. markets look iffy at the mo, and I feel with these wars etc there will be a drop, I am looking to go in in May
For someone in the UK who wants to start short-term trading or investing (holding period of 3 weeks to 3 months), is it better to open a 212 ISA account and use it to trade? According to my understanding from your ISA videos, if I am starting with £20,000, I should transfer that to the ISA and trade from there so all profits are tax-free (within the limits set by the government). If and when I need to invest more than £20,000 in a financial year, I would use 212's normal trading account, right? Also, do you only invest in UK stocks, or do you invest in US stocks as well through Trading 212?
My question is, how can someone plan to hold something for 3 weks to 3 months, how will you be able to precisely get this timing? The market is unpredictable.
Hi Jubair, why would you not leave the money in cash and earn 5.2% which is pretty safe and then invest the interest payments into stocks with dividends over 5.2%, so essentially playing with free money??
Because historically, cash always underperforms compared to the stock market, by large amounts. Last year, the market returned over 20%, significantly higher than the guaranteed 5% we get now. In finance, its all about the equity-risk-premium.
Snap, I did the same 😊 take advantage of the 5.2% while it’s here and then move it into the tax free account. Moving the money in T212 is really simple too 😊
I think you might be right in most cases, however in my case and many, a self assessment form will have to be filled it. Thanks for that info, I had to go and check it out myself.
Great video! Trying to get into this as a newbie, what stocks or index funds should we be looking to fill any portfolio with as a suggestion? Thanks 👍🏻
Not sure about the grin at the end though. cringe
:((((
😅😅😅
Hi Jubair, why did you pick iShares ETF instead of VUSA and why Dist instead of Acc?
I've got a video coming out on Wednesday that explains all of this
Congrats Jubair! Huge flex
Congratulations on 25K! Now that is a huge flex
@@Dr.JubairsFinance Thank you!
Maxing out your ISA now, as a you tube creator may hamper your content, or at least your portfolio updates, with the risk of big losses for the first couple of months
You are right William, it can hamper my content, but it's how I would have invested, even if I didn't have this channel. And also correct in the fact that I have gotten unrealised losses in the short term.
great informative vid m8 and well done on maxing out your isa, i put 10k into invest engine and 10k into T212 today, roll on 25/26 tax year.
Oh well done to you too then!
Exactly what I am planning to do tomorrow 🙏
Hi Jubair. £85K is covered by FSCS. So that is the ceiling for investment with any one broker, then have to move to another. its easy to reach this amount if one has ISA, SIPP and GIA investment account with one broker and they all grow, hopefully. Is there a way around it? Would like to sleep peacefully at night and not worry about broker going bankrupt.
No way around it outright, but I guess going with a reputable company with lots of assets under management is usually a good way to sleep at night, something like Vanguard or HL if your really worried
Nice video .
What's happened to the crazy bird nest hair style 😂😂😂😂
I have done the same for over 12 + years now .
Isa maxed out .
As I maxed out on Freetrade last year and all my accounts with Freetrade is £95K , £10K more than I like , I will stop paying into my Freetrade account.
My dividend will bring my account to over £100k in the next month or so .
Maxed out today with Trading 212 with my ISA today and just found out I will get 1% for having an ISA with them .
Bit surprised as I just have a normal account with them .
Maxing out my Pension too .
I have my money just sitting with Trading 212 and loving the 5.2% until I decided who to use for this years Pension...
Keep the good work up ❤❤❤❤
Lawrence, the nest has been gone for a while now. Congratulations on maxing out your ISA too. And thanks for watching.
I have to say the stock market both UK and USA in the last week has been really bad. Well that's how it seems to me anyway. I'm a complete beginner and have no idea what happened. Hopefully temporary. Is it connected with the end of the tax year?
Nobody knows which way the stock market will go in any given month/week/year. Best to stay invested for the long term and not care about small fluctuations.
My ISA is maxed out now.
I have more money to invest.
So if I put it in my stocks ISA it'll be taxable, right?
So what other options do I have?
All ISAs share the same allowance, if you've maxed out a Cash ISA, you have maxed out the Stocks and shares ISA too (Lifetime ISA max is : £4,000)
@@Dr.JubairsFinance Yes indeed.I have the full 20k now invest in Stocks ISA.T212.
I have another 10k I'd like to invest but not sure where .
If i put it into the invest then it's taxable, right? How much though?
So I don't have many options.Leave it as uninvested and gain 5.2% interest or take or put it into the taxable invest... hopefully gain 7+%.
I save in my Premium Bonds then take out £16k for Stocks and Shares and £4k in my Lifetime ISA. This will take me one year and I’ll shove it all in on the 4th like I did this year lol 😂🐰
I love that strategy, and also your display name haha
@@Dr.JubairsFinance 😃🐰
Nice stuff Jubair! Have just maxed out the Lifetime ISA, now on to the Trading212 ISA :D
Nice one Dylan, I'm glad that so many people are having a good day today
Does T212 offer a LISA ? I wasn't aware of that..
@@NS-pt9rr no LISA on Trading212 unfortunately, I'm using HL and just buying FTSE all world fund.
@@NS-pt9rr It doesn't, I think they were saying on to Trading 212 from another platform
@@NS-pt9rr It doesn't, no.
Don’t know if it matters but isa declaration on trading 212 is still based on the old rules hasn’t been updated
● I have not subscribed and will not subscribe to another stocks and shares ISA in the
same tax year that I subscribe to this stocks and shares ISA
I would personally ignore it, because it's no longer illegal.
You any idea when the 1% cash back from opening isa last year can be withdrawn or transferred to the isa as it doesn’t seem to allow me as yet .
@@andyh3142 I think it might be a 365 day hold, in the past with FreeTrade that was the case
Hi. I believe that when you hold cash in Trading 212 it is NOT covered by the FSCS compensation scheme as it’s held in money accounts. Once it’s turned in to shares it is protected so that’s a lot of money to lose if they went bust.
The cash is held in banks for the most part which is covered by the FCSC. Shares/assets aren't actually covered by the FSCS, but I get what you are trying to say. I am willing to take this risk.
@@Dr.JubairsFinance very risky mate.
In your opinion, what would be less risky?
@@Dr.JubairsFinanceCash isa with Coventry BS, until its ready yk be transferred into your ISA, not that yhe UK banking system is likely to crash but just peace of mind you're 5.2% with a safety net, just my opinion.. markets look iffy at the mo, and I feel with these wars etc there will be a drop, I am looking to go in in May
So who is correct in this conversation? Is uninvested cash covered or not?
Such a good feeling. Now working on being ready for next years new April 2025 allowance.
Nice one! Great feeling
I should have added, new subscriber and really enjoying your content, keep up the great work. Thank you.
Thanks Ian, appreciate it!
Bro, you're blessed. Keep up these informative videos on finance
Thank you, I will try my best!
Nice one,bro!
Thank you!
For someone in the UK who wants to start short-term trading or investing (holding period of 3 weeks to 3 months), is it better to open a 212 ISA account and use it to trade? According to my understanding from your ISA videos, if I am starting with £20,000, I should transfer that to the ISA and trade from there so all profits are tax-free (within the limits set by the government). If and when I need to invest more than £20,000 in a financial year, I would use 212's normal trading account, right? Also, do you only invest in UK stocks, or do you invest in US stocks as well through Trading 212?
My question is, how can someone plan to hold something for 3 weks to 3 months, how will you be able to precisely get this timing? The market is unpredictable.
Hi will you get the 1% cash back ? if so when.
The 1% cash back goes into your invest account not your ISA unfortunately.
I don't think I'm eligible as this isn't a new ISA? I'm not expecting any cashback, would be nice to receive it though!
Still waiting for 212 to add isa transfer to my account. Only cash transfer available at the moment :(
Hopefully they will add it soon!
Hi Jubair, why would you not leave the money in cash and earn 5.2% which is pretty safe and then invest the interest payments into stocks with dividends over 5.2%, so essentially playing with free money??
Because historically, cash always underperforms compared to the stock market, by large amounts. Last year, the market returned over 20%, significantly higher than the guaranteed 5% we get now. In finance, its all about the equity-risk-premium.
Snap, I did the same 😊 take advantage of the 5.2% while it’s here and then move it into the tax free account. Moving the money in T212 is really simple too 😊
Nice one Shane!
If you are a regular PAYE employee, you don’t need to file a separate self assessment to report interest. Your tax code is changed automatically.
I think you might be right in most cases, however in my case and many, a self assessment form will have to be filled it. Thanks for that info, I had to go and check it out myself.
Nice. I'm doing what you're doing. Just less money
Great to see it!
If you sell stocks within a week, it's tax-free. Day trading for the UK.
Says who :)))?
@@Dr.JubairsFinance isn't day trading classed as gambling in the UK for tax purposes?
Youv got to much money bro using the invest account 😂
More money, more expenses
@@Dr.JubairsFinance 😁😁
Have you got a video on crypto?
Nothing on crytocurrency unfortunately
Look at xrp & xlm look who theyre partnered with & their tech compared to Bitcoin's.
Great video! Trying to get into this as a newbie, what stocks or index funds should we be looking to fill any portfolio with as a suggestion? Thanks 👍🏻
Can't tell you what to invest in unfortunately, that's for you to decide