ISA Discount brokers: Cavendish vs Bestinvest

Can anyone with experience of either Cavendish or Bestinvest please advise me.

I was first interested in Cavendish with their rebate of trail commission and zero commission. However when I actually applied on Fidelity's website the initial charges were 2% or there about. Cavendish also charge a £20 fee. However, through Bestinvest the initial charges were mostly 0% or between 0.25-0.75%. So the fact that Cavendish have zero commission is misleading and irrelevant to me. Or am I missing something here?

It seems in practice Bestinvest would actually work out better given that Cavendish take £10 out of the trail commission anyway and they have much better discounts on initial charges and no fee to pay.

Many thanks!

Reply to
r.patre
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I was first interested in Cavendish with their rebate of trail commission and zero commission. However when I actually applied on Fidelity's website the initial charges were 2% or there about. Cavendish also charge a 20 fee. However, through Bestinvest the initial charges were mostly 0% or between 0.25-0.75%. So the fact that Cavendish have zero commission is misleading and irrelevant to me. Or am I missing something here?

It seems in practice Bestinvest would actually work out better given that Cavendish take 10 out of the trail commission anyway and they have much better discounts on initial charges and no fee to pay.

Many thanks!

I used bestinvest once for a VCT - it did exactly what it said on the tin. No problems at all. (although the ideal reference comes from someone who does have problems and shows how well - or otherwise - they get sorted out).

But one should probably really ask what it is you are intending to buy...

Reply to
Miss L. Toe

I want to get an ISA through Fidelity's Fundsnetwork with the following funds:

Investec UK Smaller Companies Invesco Perpetual Latin American Fund JPM New Europe Jupiter Emerging European opportunities Gartmore China Opportunities Neptune Russia and Greater Russia

for a lump investment of £7000.

Many thanks!

Miss L. Toe wrote:

Reply to
r.patre

Investec UK Smaller Companies Invesco Perpetual Latin American Fund JPM New Europe Jupiter Emerging European opportunities Gartmore China Opportunities Neptune Russia and Greater Russia

for a lump investment of 7000.

Many thanks!

WOW - talk about spreading the risk.

Just a thought - but if you are happy to invest somewhere high risk like Russia why are you trying to spread the risk so much ? It seems contradictory.

Have you worked out what the total charges are ? Including all the hidden charges when they switch investments ?

If you like risk why not think about putting it all into a fun single stock - I recently bought HTT - Hot Tuna International which today started trading at 16p-18p. and ended the day at 17p-19p

Reply to
Miss L. Toe

Hi,

I have a shares portofolio as well. Yes its quite a diverse range of funds I know. I spent a long time researching these funds. I was also looking at Neptune China and Jupiter China but I might invest in those next financial year. All the funds apart from the Jupiter and Neptune have a long term excellent track record. I don't fancy the risk of putting it all in say Neptune Russia and Greater Russian even though this was the best peforming fund last year.

With Bestinvest the initial charges are 0% except Jupiter (0.25%) and Neptune (0.75%). Switching investments is 0.25%. Bestinvest are making their money on the trail commission each although its not that much.

Hot Tuna the company that sells surf> I want to get an ISA through Fidelity's Fundsnetwork with the following > funds: >

Reply to
r.patre

I have a shares portofolio as well. Yes its quite a diverse range of funds I know. I spent a long time researching these funds.

Instead of Investec UK Smaller Companies have you thought of a VCT ?

I was also looking at Neptune China and Jupiter China but I might invest in those next financial year. All the funds apart from the Jupiter and Neptune have a long term excellent track record. I don't fancy the risk of putting it all in say Neptune Russia and Greater Russian even though this was the best peforming fund last year.

I have a couple of friends who spend a lot of time in Russia doing business, the stories they tell of corruption would make the Enron / Worldcom gangs look like saints. - None of my hard earned pennies will be going anywhere near Russia for a long time.

Hot Tuna the company that sells surfing clothing? Interesting... They appointed Elle MacPherson as an executive director. Can't be bad :-)

They were tipped in IC a few weeks ago and looked like fun to me...

But I am sometimes wrong and maybe they won't grow as big as adidas by the end of the year :-)

Reply to
Miss L. Toe

and up another 5.5% today - 18p-20p

Reply to
Miss L. Toe

and up another 3.9% already today 19.5p-20p

Is anyone else along for the ride or am I by myself ?

Reply to
Miss L. Toe

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