Where to start ? Stocks and Shares ISA

A question about : Where to start ? Stocks and Shares ISA

Hello over the last 5 years I have always used the full cash isa allowance. I have money spare to use and would like to consider investing the rest of my tax free allowance into stocks and shares before the end of the current tax year. Having no experience in this side of investing, I am looking for any help/suggestions to get me started.

Moneysaving newbie

Best answers:

• I am in exactly the same position as you and will watch this thread with interest.
  These are just thoughts at present but I did wonder about a multi manager fund where although paying for the privilege, the task of asset allocation is given to someone else with a view of leaving it for the long term and then seriously research cheaper options for next year's allowance.
  What do people think?
  https://www.hl.co.uk/funds/multi-manager-funds
• Multi-manager funds tend to charge a lot. For your first venture into S&S ISAs I'd consider Investment Trusts, some of which offer their own ISAs which can be good value. Scroll down to p47
  https://www.theaic.co.uk/sites/defaul...s30Nov2013.pdf
  RIT Capital Partners might appeal to me; investing with the Rothschilds, eh?
  Standard Life Savings looks to be a "zero charge" ISA: you'd need to look through the rest of the PDF to see which Investment Trusts can be held in their ISA, and judge whether they attract you.
• I would never start with picking a fund or share of whatever kind, whoever recommends them. And would most definitely not start with HL recommendations (even though I do hold both an ISA and a SIPP at HL myself - but that is because I like their platform, not their investment recommendations).
  S&S ISAs are about investments. So first thing is to understand what investments are. You don't find that out by picking one of the tens of thousands of available options and throwing your money at it. You need to start by reading up about investments and portfolio construction and management.
  There's a whole host of really good books and internet sites that help you with this. MSE isn't one of of the sites where you can learn a lot about investments because the entire site is mainly about saving. Though some people who understand investments do mingle on parts of the forums. One of the things they usefully pulled together is a list of recommended reading which I suggest should be your starting point: https://forums.moneysavingexpert.com/....php?t=4752194
• Thank-you all for your help and advice, I have found it all very useful and have taken my first step by purchasing Tim Hales 'Smarter Investing'
• So, since Dec2013, I have read through the book Smarter Investing, about 6 times, and have found it extremely useful in gaining an insight into how best to plan my portfolio. I enjoyed understanding the passive approach and suitable building blocks as which to use. Now its time to find these suitable funds and a platform to use. I'm planning for the long term roughly 25 years plus and have Ј15000 available funds to invest. I would like to use up my remaining isa allowance this tax year but am unsure which platform would be most suitable for me. Any advise is welcome
• Check out monevator.com.
  Also search the forum for snowman's spreadsheet which can help finding the cheapest broker.