Nutmeg - ☆ no brainer ☆ Stocks and Shares ISA Pay in £1700 to get £170 Quidco
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Nutmeg - ☆ no brainer ☆ Stocks and Shares ISA Pay in £1700 to get £170 Quidco

30
Found 7th Apr
Pay in £500 and then £100 pm.
So in a year you pay in £1700.
Quidco = £170 (very good tracking reliability).

Their fees are small (just short of 1%) so obviously whilst stocks and shares can go up and down a starting position of 9% is in my view incredible.

You get to choose the risk (I went for the 4th risky "growth").

Their website is very easy to use and they seem to have lots of positive feedback.

They have a more expensive 'fully managed' account but this is more expensive (not by much).

Quidco expires in 2 days

Top comments

you'd have to be insane you invest in stocks right now. I worked for Aviva in stocks and shares and completed my securities and investments qualifications. I'm no financial advisor but I know enough to know now is not the time. find the biggest % cash Isa and stay safe. just my opinion....

Only problem is your buying into a very very very top heavy market. Theres one mother of a crash coming soon.
30 Comments

Can I choose my stocks, or do I have to go with Nutmeg's portfolios?

Only problem is your buying into a very very very top heavy market. Theres one mother of a crash coming soon.

you'd have to be insane you invest in stocks right now. I worked for Aviva in stocks and shares and completed my securities and investments qualifications. I'm no financial advisor but I know enough to know now is not the time. find the biggest % cash Isa and stay safe. just my opinion....

I could use some learned help with this as I am thinking of doing this not because of the quidco but it seems like a good ISA with a good company (trustpilot). Any views?

You can currently get £160 cashback from TopCashBack by putting £100/month into a Shepherd's Friendly Society Stocks & Shares ISA for 3 months.

topcashback.co.uk/sea…ISA

Original Poster

I completely disagree. The pound is weak hence the FTSE market is high. Will the pound recover? I am not sure it will - not soon anyway.

No exit fees with Nutmeg which is good. Not sure about Shepherds Friendly.

Shepherds Friendly charges - "We deduct charges from your investment to cover our expenses, and the cost of administering and managing your investments. Our charges currently stand at 3% as an initial plan charge and there is also an annual management charge of 1.5%"
Edited by: "happymanuk" 7th Apr

Original Poster

andersh

Can I choose my stocks, or do I have to go with Nutmeg's portfolios?



I have only used the option to use theirs but they seem to have done well over past years.

Original Poster

hooray.henry

Only problem is your buying into a very very very top heavy market. … Only problem is your buying into a very very very top heavy market. Theres one mother of a crash coming soon.



The FTSE is high but they invest beyond the FTSE.

Fair enough but I won't be putting new money into any market anywhere until after the next crash. Gold/silver may be the best bet.?

I recently purchased a S&S ISA, it could all crash tomorrow but if it does I will add more funds and wait for the recovery. I just try to ignore any scare mongering reports when it comes to investing, no one knows what is going to happen.

Anyone looking at s&s ISA's should check this site before doing it, cashback seems tempting but always check for the cheapest option and do the maths- comparefundplatforms.com/

Edited by: "throwawaysociety" 7th Apr

you_gotta_be_kidding

you'd have to be insane you invest in stocks right now. I worked for … you'd have to be insane you invest in stocks right now. I worked for Aviva in stocks and shares and completed my securities and investments qualifications. I'm no financial advisor but I know enough to know now is not the time. find the biggest % cash Isa and stay safe. just my opinion....



If you worked in stocks and shares you should know that these type of funds are to invest in long term. Not to put your money in for a week and see how it goes. If you invest long term, equities have far outperformed any cash investments even with all the ups and downs in the market.

PG9999

I completely disagree. The pound is weak hence the FTSE market is high. … I completely disagree. The pound is weak hence the FTSE market is high. Will the pound recover? I am not sure it will - not soon anyway.



Of course it will. It is like all other currencies, free floating. The Euro and the Dollar have also had lows and recovered. Why do people talk about the pound as if it's the only currency in the history of the world to ever have lost value?

Yep the vix index has gone up, gold too with all this Syria news this week. The pound is low to the dollar and as most of the ftse is dollar based hence the highs in that index.
The U.S. market is at a premium and waiting to crack, also trumps infrastructure promises are not going to be a quick fix.
Anyway as already said most shares funds invest globally not just within the British Isles and there are value shares to b had, I have heard, not that I am any expert. This is just from listening to the radio.
Investing is for the long term and as above when they run is the time to start picking up the cheap shares, I say all this however without any investments of my own, I am too poor

mtuk1

Of course it will. It is like all other currencies, free floating. The … Of course it will. It is like all other currencies, free floating. The Euro and the Dollar have also had lows and recovered. Why do people talk about the pound as if it's the only currency in the history of the world to ever have lost value?


Yes, just as oil did too

hooray.henry

Fair enough but I won't be putting new money into any market anywhere … Fair enough but I won't be putting new money into any market anywhere until after the next crash. Gold/silver may be the best bet.?


With Trump attacking Russia's pal in Syria and saying that he'll 'sort out North Korea' etc, then I think shotgun cartridges, paraffin and cans of baked beans might be the safest bet !

So is my sock drawer still a good option?oO

I doubt if experts in the stock market trawl HUKD for deals oO

Having lost a fair bit of money in shares from a company scheme, I'd only ever consider putting money into shares now that I could afford to lose. Lost value in 2000 and still waiting for a return to a decent price . ( I know it's not going to happen ) .
I know these are spread but definately be prepared to be in for the long haul.
Edited by: "tinkerbellian" 8th Apr

Please don't do this for the Quidco. Cashback is not guaranteed and neither is performance of the ISA. If anything, Quidco is very unreliable these days.

tinkerbellian

Having lost a fair bit of money in shares from a company scheme, I'd only … Having lost a fair bit of money in shares from a company scheme, I'd only ever consider putting money into shares now that I could afford to loose. Lost value in 2000 and still waiting for a return to a decent price . ( I know it's not going to happen ) .I know these are spread but definately be prepared to be in for the long haul.



Tighten them up next time.

Nobody knows for sure if the markets will fall or rise. So if you are going to use this platform and their own fund, then the £170 cashback is pretty nice extra. There are also plenty of other cheap trackers though if that's your preference.

Maaly

Nobody knows for sure if the markets will fall or rise. So if you are … Nobody knows for sure if the markets will fall or rise. So if you are going to use this platform and their own fund, then the £170 cashback is pretty nice extra. There are also plenty of other cheap trackers though if that's your preference.


it may seem like a nice extra but Nutmeg charge quite a bit more than other fund supermarkets , so that money will quickly be lost over the year(s)

Vanguard LifeStratergy funds. Easy to understand, very low underlying fees. Popular with folk who work in finance for their own money, while they sell the expensive actively managed funds on to the general public.

throwawaysociety

it may seem like a nice extra but Nutmeg charge quite a bit more than … it may seem like a nice extra but Nutmeg charge quite a bit more than other fund supermarkets , so that money will quickly be lost over the year(s)


Yes , good point. Shift platform after a year to whatever is the cheapest for your selection of funds / amount
cheers

Original Poster

I had a quick look around and they seemed v reasonable. For the fund I went for less than 1 percent per year.

throwawaysociety

it may seem like a nice extra but Nutmeg charge quite a bit more than … it may seem like a nice extra but Nutmeg charge quite a bit more than other fund supermarkets , so that money will quickly be lost over the year(s)


PG9999

I had a quick look around and they seemed v reasonable. For the fund I … I had a quick look around and they seemed v reasonable. For the fund I went for less than 1 percent per year.


Cavendish Online would probably have worked out cheaper, 0.25 on going charge + the charge of the fund would probably have been quite a bit less than 1%. People can do accurate sums using a tool like this candidmoney.com/cal…tor. I recently invested in BlackRock Consensus over VGLS because the fee was cheaper, I worked out that over 30 years it would save me over £2k

did this a couple of weeks back. At first it tracked at £170 then about a week later it's tracked at £150. Anyone else had this or any idea why?

hukduserr

i very much agree with you. i know someone who became a multimillionaire … i very much agree with you. i know someone who became a multimillionaire from a pauper and he has sold most of his shares and have them in fixed deposit bank accounts.i, as a novice and nervous investor am following the experienced ones.


The thing is that this multi millionaire is now wealthy so has more to loose which changes the outlook. Their circumstances may be different to yours and therefore the best approach may also differ.

hukduserr

i very much agree with you. i know someone who became a multimillionaire … i very much agree with you. i know someone who became a multimillionaire from a pauper and he has sold most of his shares and have them in fixed deposit bank accounts.i, as a novice and nervous investor am following the experienced ones.


The thing is that this multi millionaire is now wealthy so has more to loose which changes the outlook. Their circumstances may be different to yours and therefore the best approach may also differ.
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